As the cement industry emerges from the recession, it expects to embark on a period of sustained growth fueled by infrastructure investment, sustainable construction, and a shift in market dynamics in paving. This was discussed in detail during “Cement Outlook: Turnaround in 2010 Signals Return to Sustained Growth,” a Web-cast presented by Portland Cement Association (PCA), Skokie, Ill., president and CEO Brian McCarthy.
The expected turnaround in demand and consumption of cement is coming at a time when the industry can really use a jump start: Since reaching its peak in 2005, cement consumption has declined by about 45%, and the actual decline in usage represents the worst volume decline in the industry's history. However, according to PCA, cement consumption is projected to increase by 5.2% in 2010, the first year-to-year rise since the middle of the decade. Beyond that, demographics and pent-up demand is expected to grow consumption to a greater degree in 2011 and 2012, and beyond. In 2011, PCA is projecting an overall increase of 16.5% in cement consumption in the U.S. versus 2010 levels, with another incremental 14.5%. For more information, visit www.cement.org.