White cement consumption to top 22 million tons on steady economic growth
The global economy is expected to recover and continue to grow, providing the backdrop for the encouraging trend, since, as a premium commodity, consumption of white cement benefits from GDP growth and increasing consumer spending.
“In spite of the dark clouds that have been pervading menacingly over the global economic sentiment, the global white cement market managed to weather the storm and come out relatively unscathed, in comparison to the much larger and more followed global gray cement market,” notes Prashant Singh, CW Group’s Associate Director.
ASIA EX-CHINA GAINS CONSUMPTION SHARE
At a global level, during the period of 2014 to 2019, the regions that drove the white cement market were North America and Western Europe.
Additionally, Asia ex-China has become an important growth center over the past five years. Regions including the Middle East and E. Europe & CIS (primarily Turkey) are facing numerous economic challenges and experienced either decline or stagnation in demand in 2019.
China remains the largest white cement market from a regional perspective, accounting for roughly a third of global demand. However, its share of world consumption is expected to decrease as other regions including Asia ex-China, E. Europe & CIS, and Africa see faster rates of demand growth, outpacing China over the forecast period from 2019 to 2024.
CHINA LEADS WORLD PRODUCTION
In addition to leading global consumption of white cement, in 2019, China accounts for an estimated 34 percent of the production market, followed by the Middle East, albeit at a very distant second place. Western Europe comes next, followed by Asia ex-China, both holding double-digit shares of the world’s white cement output.
“China and the Middle East remain the leaders in production. However, in terms of percentage, North America is expected to more than double its existing capacity by 2024, with the commissioning of US Cement’s 0.5-million-ton plant in Brady, Texas,” assesses Carolina Pereira, Business Analyst at CW Group.
In the last five years, capacity additions have grown steadily, with some notable increments. Ultratech Cement’s capacity increased to 0.7 million tons in 2019 in Kharia Khangar, at the Rajasthan cement plant. In 2018, Gezhouba Shimen Special Cement Company commissioned a new production unit in Guangxi province, China, with a capacity of 0.6 million tons.
Another example is that of Xi Mang Trang, which, also in 2018, commissioned a new production unit in Vietnam, with a capacity of 0.1 million tons of white cement.
For more information, placing an order, or interview inquiries, please contact Mihnea Manea, Media and Market Services Executive, CW Group, by phone at +40 723 281 704, or e-mail at email@example.com.
ABOUT THE REPORT
CW Research’s 2020 update of the Global White Cement Market and Trade Report examines the worldwide white cement industry and presents the latest market data which cover the 2009 -2019E period, with a medium-term forecast until 2024. The comprehensive report includes cement consumption and production figures, import and export data, as well as pricing trends and white cement capacity developments.
Additionally, this data-rich research product provides extensive quantitative information on consumption, usage segments, production, local prices, trade prices, type of handling, trading facilities and trade-flows, by region and major countries. Furthermore, the report analyzes region specific user segments by white cement type and their main consumption drivers as well as perspective for 2024.
More information about the report can be found here:
PO Box 5263, Greenwich, CT 06831, USA
Mihnea Manea (firstname.lastname@example.org)
ABOUT CW GROUP
The Greenwich (Conn.), USA-headquartered CW Group is a leading advisory, research and business intelligence boutique with a global presence and a multi-industry orientation. CW Group is particularly recognized for its sector expertise in heavy-side building materials (cement), light-side building materials, traditional and renewable power & energy, petrochemicals, metals & mining, industrial minerals, industrial manufacturing, bulk cargo & shipping, among others. We have a strong functional capability, grounded in our methodical and quantitative philosophy, including due diligence, sourcing intelligence, feasibility studies and commodity forecasting. www.cwgrp.com
This release was published on openPR.
Permanent link to this press release:
You can edit or delete your press release White cement consumption to top 22 million tons on steady economic growth here
News-ID: 1891852 • Views: 225
More Releases from CW GROUP
Global cement demand to recover through 2024
World cement consumption is projected to increase to 4.2 billion tons in 2019, according to CW Research’s 2H2019 update of the Global Cement Volume Forecast Report (GCVFR). The IMF’s July update, which forecasts global economic output to grow over three percent in 2019, coupled with counter-cyclical measures taken by China and other emerging countries, are the main drivers behind the rising trend. Within the next five years, CW Research forecasts global
Cement demand in Peru grows in 1H2019; Saudi Arabia struggles with overcapacity
In the first half of 2019, cement demand recorded conflicting trends across selected markets, according to CW Research’s Cement Country Market Data reporting. Whereas consumption of cement rose in Peru, it contracted in markets such as Saudi Arabia and Argentina. “With an expected GDP growth of 3.9% in 2019, Peru offers good perspectives for the cement industry. Private investment, particularly in the mining industry, is replacing large infrastructure projects such as
Cement and clinker trade prices drop in Mediterranean Basin; rise in Persian Gul …
According to CW Research’s Cement and Clinker Price Assessments for Mediterranean Basin and Persian Gulf, FOB prices for both commodities recorded conflicting trends across regions in June 2019. During the month, in the Mediterranean Basin region, trade prices for prompt deliveries of bulk ordinary Portland cement declined when compared to May, reaching between USD 38 and USD 40 per ton. Deliveries of bulk ordinary grade clinker also recorded a contraction month
World cement prices continue to slide in 1Q2019
In the first quarter of 2019, global gray cement ex-works prices showed wide regional variation, contracting in South America, but recording solid growth in China, according to the 1Q2019 update of CW Research’s Global Cement Trade Price Report (GCTPR). Trade prices for gray cement slipped over the first quarter, continuing the downward trend observed in the quarter that ended in December 2018. “The global economy continues to encounter significant challenges
More Releases for China
China is a growing Asian country and day by day many people migrate into the country for pursuing their personal needs. But going into China is not an easy task, we have to face some legal steps ahead. Let us define all this legal action in a single word China attestation. China government placed its embassies all over the world for ensuring the trustworthiness of the immigrant’s certificate. There
Packaged Water in China
ReportsWorldwide has announced the addition of a new report title Packaged Water in China to its growing collection of premium market research reports. Packaged Water in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Synopsis: Essential resource
Agrochemicals Market in China
ReportsWorldwide has announced the addition of a new report title China: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “China: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
Global Color Steel Tile Market 2017 - South China, East China, Southwest China, …
Color Steel Tile Market Research Report A market study based on the " Color Steel Tile Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Color Steel Tile Market 2017’. The research report analyses the historical as well as present performance of the worldwide Color Steel Tile industry, and makes predictions on the future status of Color Steel Tile market on the basis
Telecom Cloud Billing Services Explore In Regions (South China, East China, Sout …
Big Market Research has added a report, titled, “China Telecom Cloud Billing Services Market Size, Status and Forecast 2022.” The report offers an extensive information and analysis of sales, production, revenue, key manufacturers, drivers & opportunities, and competitive scenario. Moreover, current industry trends and growth prospects are explored along with thorough analysis of each segment for the historic period, 2012–2017 and the forecast period, 2017–2022. The research also offers insights
Restaurant Markets in China
China’s demand for Restaurant has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption and capital investment for over two decades. This new study examines China’s economic trends, investment environment, industry development, supply