World Cement Market To Grow 2.2% Annually From 2015 To 2019

Date: 2015-06-15

Global demand for cementis forecast to expand2.2% p.a. between 2015and 2019. China, India, Israel, Lebanon and Moroccoare considered the highestpotential markets in the coming years. 
According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global cementindustryis forecast to reach 2.2% p.a. in the coming years.Between 2008 and 2014 the market increased with an average annual growth of 6.4%. Currently, white Portland cementaccounts for 4.6% of the global demand while the remaining market share is divided between other Portland cement (63.6%), aluminouscement (4.1%), hydrauliccements (2.1%) and cementclinkers (25.6%).
China, India, Pakistan, Russia and the United Statesrepresent the largest cement markets while the strongest annual growth is forecast to occur in Lebanon (23.6%), Morocco (12.5%), Sri Lanka (10.3%), Vietnam (9.7%) and Israel (9.7%).


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