Global demand for cement to hit $21bn
, March 26, 2014
The global demand for cement and concrete additives is projected to increase 9.3 per cent annually to $21.2 billion in 2017, said an expert.
Mike Richardson, an analyst, said: “Although growth in world cement consumption will decelerate from that of the 2007-2012 period, a number of factors will contribute to robust value growth for additives.”
‘World Cement and Concrete Additives,’ a new study from the Freedonia Group, a Cleveland-based market research firm, revealed several industry trends.
The additive loadings are increasing in all but the most developed markets, and even in those, fibre additive usage is becoming more prevalent, it said.
A shift to higher-performance water reducers and other chemical additives will drive value gains, particularly in developing markets, said the study.
While growth in overall cement consumption will decelerate, much of this slowdown will occur in large cement markets that are low-intensity additive users, it said.
The chemical additives will post strong growth through 2017 as many significant markets for chemical additives rebound.
In developing markets, use of higher loadings and higher-value products will boost demand, said the study.
Demand for minerals will post healthy gains, although below the overall pace due to the increased use of fly ash, slag, and other materials as components of blended cement, rather than as concrete additives, it added. - TradeArabia News Service