US: Coherent Market Insights (CMI) has forecast in a recent market report that the global cement grinding aids market will grow by 55% to US$5.02bn in 2027 from US$3.23bn in 2019. Factors driving market growth include increased cement industry concerns about energy consumption reduction and product fineness. A major driver is the Asia Pacific market, which accounted for 34% of value in 2019. In North America, US residential construction is forecast to continue its five-year increase. CMI predicted that projects in Saudi Arabia will also drive Middle Eastern market growth. It added that the Covid-19 outbreak has caused a drastic short-term decrease in demand.
Coherent Market Insights forecasts 55% global grinding aids market growth between 2019 and 2027
URL: https://www.globalcement.com/news/item/12181-coherent-market-insights-forecasts-55-global-grinding-aids-market-growth-between-2019-and-2027
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