Displaying items by tag: cement market
Cement market to grow between 3% and 5% in 2015
13 March 2015Mexico: Mexico's cement market could grow by 3 - 5% in 2015, driven by dynamism in the housing sector, an increase in the amount of cash remittances migrants send home and the government's national infrastructure programme, according to Holcim. Growth could, however, be limited by low crude oil revenues, federal government budget cuts and the US Dollar exchange rate volatility. Nevertheless, 2015 is likely to be much better than 2014 as far as cement sales are concerned.
The local construction industry continued to recover in the first two months of 2015 as it did after the second half of 2014. Cement sales for infrastructure projects might be driven by growth in three sectors, namely road, airport and port construction, energy construction and water pipeline and dam construction. Infrastructure projects account for 30 - 40% of cement consumption in Mexico. Housing construction accounts for 40% of all sales. An increase in the arrival of cash remittances is expected to trigger more sales of cement for housing projects. Commercial and industrial construction projects consume 20% of all sales and this segment has performed very well in recent months.
Indian cement market expected to grow at 9% CAGR in 2014 - 2019
03 February 2015India: According to Research and Markets, the cement market in India is expected to grow at a compound annual growth rate (CAGR) of 8.96% in 2014 - 2019. The industry is currently in a turnaround phase, trying to achieve global standards in production, safety and energy-efficiency.
The immense potential offered by the housing sector of the world's second most populous country is expected to drive the cement market. There is also increased governmental support and numerous infrastructure developments ongoing. With supply-side developments in technology, product range and capacity utilisation, the industry is expected to exhibit tremendous growth in the coming years.
The consolidation of the once-fragmented market is a major upcoming trend. Small and medium companies are entering into joint ventures to increase their respective market shares.