Ms Claudia Stefanoiu, CemBR’s Head of Research commented: “This report is a result of months of hard work supported by our extensive cement experience. It is targeted for cement related professionals that want to understand what happened in the global cement sector in 2020, and what might follow in the next five years. The depth of this report is extensive and represents a very accurate picture of the global cement sector and the 60 largest markets. We are very proud of this report.”
CemBR’s product range includes Country Reports, Bespoke Research, and CemBR Intelligence Platforms. The CemBR Forecasts report is the second of several Intelligence Platform CemBR is developing. The first was the CGC™, a comprehensive, accurate, and up to date cement related database launched late last year.
Some insights from the report:
The global cement market retracted by only 0.5% in 2020, which is a very resilient performance given the onset of the pandemic. However, this is made up by a slight increase in China (1.5%) and a decline of around 3.5% for the rest of the world. Cement utilisation rates in the world ex-China declined from 58% in 2019 to 55% in 2020.
2021 is estimated to be a strong recovery year with a global 3.4% growth (6.4% ex-China). In the 2021 – 2025 timeframe the global cement market (ex-China) is expected to show an annual growth rate of between 2.5% and 3.0%. China is expected to grow at a lower rate. Global utilisation rates are not expected to go beyond 60% during this period.
