International Cement Review articles tagged under : Market Reports

19 February 2024

Prospects for the GCC industry

The Gulf Cooperation Council (GCC) economy has come under pressure from falling oil revenues, but economic diversification is paying off. Moving into 2024, cement market growth is expected across the region, headed by construction projects in Saudi Arabia and UAE, but cement overcapacity continues to overshadow the production base. The GCC cement markets of Saudi Arabia, the UAE, Qatar,...

05 February 2024

Morocco: better times ahead?

Following a challenging business environment in 2022, Moroccan cement producers can look forward to better times. However, overcapacity will see producers look beyond the country’s borders as they develop export mark...

22 January 2024

Thailand’s low-carbon transition

Thailand’s plan to accelerate state investment despite high debt levels is expected to result in favourable construction growth. Meanwhile, the country’s cement industry is in the midst of transforming itself into lo...

08 January 2024

Carbon capture catch-up

With carbon capture, utilisation and storage (CCUS) identified as the key lever to decarbonise the global cement industry, ICR highlights some of the leading projects currently underway to trial and scale up CCUS tec...

2024: from black swans to green leaders?  22 December 2023

2024: from black swans to green leaders?

The New Year brings hope for a more “normal” period in the cement markets with a return to profit on the back of favourable price-cost dynamics rather than demand growth. By Paul Roger, BNP Paribas Exane, UK. ...

18 December 2023

Pakistan: navigating uncertainty

Pakistan continues to face political and economic uncertainty, while the government has to find solutions to the impact of flood damage caused by last year’s devastating monsoon. The cement sector is in a capacity ex...

A new era for Nigeria 05 December 2023

A new era for Nigeria

Nigeria’s new president signals the dawn of a new era as the west African country aims to address long-standing macroeconomic imbalances. The domestic cement sector continues to add additional capacity in view of lon...

21 November 2023

India: riding the growth wave

India, the world’s second-largest cement market, has demonstrated strong resilience and recovery since the COVID-19 pandemic. The country is now on course for a higher, sustainable demand trajectory and the cement se...

06 November 2023

Egypt: controlling the variables

Economic headwinds are exerting pressure on Egyptian cement producers and end-users. The cement sector is now playing a game of controlling the variables having introduced a production quota system in 2021 that has h...

24 October 2023

Global aggregates: recovering, resilient and sustainable

Increasingly resilient, the global aggregates market is recovering from the COVID-19 pandemic. Moreover, as shown in a recent meeting of the Global Aggregates Information Network (GAIN TM ), the industry is poised to...

23 October 2023

Australia embraces low carbon

The carbon tax has had a profound effect on Australia’s cement industry, which has expanded its clinker grinding facilities and channelled investment into decarbonisation measures. New players are also keen to enter ...

09 October 2023

Germany’s net zero ambitions

After over a decade of steady growth, German construction demand has been dampened due to rising interest rates and high inflation. Despite the challenging conditions, the cement sector is focussing on CO 2 reductio...

19 September 2023

Foundations for the future

While cement demand declined in Turkey in 2022, the country’s cement producers expect to supply the domestic market with significant volumes in 2023 as Turkey rebuilds after the devastating earthquake of early 2023. ...

12 September 2023

Turkey’s low-carbon contributions

The past few years have seen changing trends in the Turkish cement sector. As the country looks to the road ahead, Volkan Bozay, CEO of Turkish cement manufacturers association TürkÇimento, discusses the cement indu...

04 September 2023

Spain’s expectations

While 2022 proved to be a year of atypical and complex developments, Spanish cement association OFICEMEN sees upside potential for the domestic cement sector in 2023. However, a snap parliamentary election with no cl...

29 August 2023

Brazil’s way ahead

Despite Brazil’s strong economic performance in 2022, the outlook for 2023 is less optimistic. To reduce economic uncertainty and boost cement demand, the government is being urged to resume investment in infrastruct...