Global Cement Capacity To Edge Up By Almost 1% Each Year

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Global cement capacity is forecast to edge up by almost one percent per year on average between 2018 and 2023, according to CW Research’s 2H2018 update of the Global Cement Volume Forecast Report. The slim increase reflects a context of capacity rationalisation efforts in China, which are offsetting additional capacity elsewhere at the global level. Usually accounting for half of the world’s total, Chinese cement capacity will slow down and contract at an annual average of 3.0 percent between 2018 and 2023, therefore contributing to offset the increase of almost four percent per year between 2018 and 2023 projected for global ex-China.
In 2018, Asia ex-China will be the leading region in terms of capacity additions, with India contributing the most to the expansionary trend. Indian cement manufacturers have already announced the construction of production lines with the capacity to produce 60 million tons of cement per annum for this year.