Market Research Report
The Global Concrete and Cement Market - Key Trends and Opportunities to 2020
|Published by||GlobalData||Product code||282644|
|Published||Content info||132 Pages
Delivery time: 1-2 business days
|The Global Concrete and Cement Market - Key Trends and Opportunities to 2020|
|Published: October 25, 2016||Content info: 132 Pages||
The global construction industry has been weak since 2015, due to a slowdown in the pace of expansion in China, and decline in oil prices, which undermined investment growth in major oil producing countries and weakness in key emerging markets.
The global concrete and cement market value contracted by 5.3% in 2015 measured in nominal US dollar terms. This was preceded by annual average growth of 4.1% over the preceding three years. The market is expected to register sluggish growth in 2016, of 0.8%, before steadily regaining growth.
According to Timetric, the global value of the concrete and cement market in nominal US dollar terms is forecast to record a compound annual growth rate (CAGR) of 5.36% over the forecast period; up from 1.66% recorded during the review period.
Asia-Pacific was the largest regional market for concrete and cement, accounting for 62.5% of the global market in 2015. It was followed by Europe and North America with respective shares of 12.8% and 11.0%. Recovery in European and North American countries and development in Asia-Pacific economies are expected to support the market's expansion over the forecast period.
A number of factors, such as excess industrial capacity, huge unsold housing inventory, a relatively sluggish economy and Chinese households' investment diversification from the housing market are affecting the country's construction industry. Projected improvements in global demand for concrete and cement over the forecast period are in line with positive projections for construction industry growth, with the key drivers being investment in infrastructure and residential construction in emerging economies, and anticipated recovery in regional and global economic conditions.
Timetric's The Global Concrete and Cement Market - Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into the global concrete and cement market including:
This report provides a comprehensive analysis of the global concrete and cement market. It provides: