One of these inputs is population change. After years of growth of almost 2%, the US is now approaching zero growth. If not for immigration, the country would already be at zero growth. SC Market Analytics’ (SCMA) estimate for future population growth is under 0.5% through to 2024. Part of this is due to the continued decline in domestic births per family and part is due to lower immigration. When used in isolation, it means a slowdown in cement consumption. But this article will look at the other factors behind cement demand growth to see if they counter this drag from slow population growth.
In this article from World Cement: North America 2019, David Chereb and Colin Sutherland, SC Market Analytics, present their outlook for the US cement industry. Read the full article here.
