Falling short of supply
Published by Jonathan Rowland,
Editor
World Cement,
Over time, cement market growth depends on GDP, demographics, technology, policies, and shifting demographic patterns. During the past 30 years all these factors have changed in ways both positive and negative for US cement consumption. This analysis includes an outlook for the next five years; just enough time for any of these factors to exert a strong impact on how fast demand grows.
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.
Read the article online at: https://www.worldcement.com/special-reports/22042019/falling-short-of-supply/
You might also like
Holcim, Enagás, and Saggas to Launch CO2 capture and storage project at Sagunto Plant
This innovative circular economy initiative will prevent the emission of more than 560 000 t of CO2 per year and facilitate decarbonisation in strategic hard-to-abate sectors