Features Global cement capacity curbed by Chinese expansion ban through 2023 14 December, 2020 SHARE THIS ARTICLE Share Tweet Post Email LATEST Markets & Competition CalPortland joins Slag Cement Association Advancing sustainable concrete solutions in the May 08, 2024 Financial Birla Corp shares Q4 FY24 performance The company's cement sales volume increased by 9.4 May 08, 2024 MOST READ Markets & Competition US cement market insights unveiled Explore the latest trends and figures in the US cement April 29, 2024 Equipment Continental Cement unveiled new DomeSilo at Davenport Enhancing cement storage with Dome April 30, 2024 Global cement capacity curbed by Chinese expansion ban through 2023 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 rationalization 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. ÔÇ£The cement sector in China is already experiencing an improvement, with peak season measures designed to reduce pollution ÔÇô such as shutting down industrial plants, which in turn leads to a tightening of supply. We believe that this will help the Chinese cement sector to operate at healthier rates and add to the positive feeling amongst investorsÔÇØ, notes Raluca Cercel CW Group's Associate. Cement demand rising in Africa; Canada leads capacity additions in North America 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. In North America, only Canada is expected to expand its production capacity by adding roughly two million tons of annual capacity in 2018-2023. Turkey will be taking the lead in the Eastern Europe and CIS region, adding a total of 14 million tons of capacity by 2023 ÔÇô almost half of all capacity additions forecast for the region in the next five years. Nevertheless, the country is currently facing a series of economic challenges ÔÇô from the weakening of the lira to the double-digit inflation ÔÇô that are bound to take a toll on the cement sector. Most of the African markets are expecting a strong growth in cement demand, which will translate into higher production levels and higher cement capacity ÔÇô a trend that will be more pronounced in Egypt. Middle Eastern markets are projected to add over 50 million tons of capacity between 2018 and 2023. Currently, Iran is the leader in cement production capacity, accounting for 37 percent of the regional total. However, in the wake of the ISIS conflict, Iraq alone is adding four million tons per annum in capacity until the end of 2018. This bid to make the Iraqi cement market self-sufficient will likely contribute to a substantial increase in the Middle Eastern capacity figures. Uncover more global and regional trends here Sign in Don't have any account? Create one SHOW Forgot your username/ password? Log in Terms Of Service Privacy Policy This site is protected by reCAPTCHA and Terms of Service apply Sign in as: User Registration * Required field Sign In Information Personal Information Agree Yes No Terms of Service:You consent that we will collect the information you have provided us herein as well as subsequent use of our platform to render and personalize our services, send you newsletters and occasionally provide you with other information. * Fields marked with an asterisk (*) are required. Register SaveCookies user preferencesWe use cookies to ensure you to get the best experience on our website. If you decline the use of cookies, this website may not function as expected.Accept allDecline allCW GroupNewsAcceptDecline