Between 2020 and 2025, the total volume of sea-based traded cementitious materials is forecast to grow at an estimated CAGR of two percent, according to CW Research’s 2020 update of the World Cement, Clinker & Slag Sea-Based Trade Report.
The confluence of not one but two black swan events including the COVID-19 pandemic and the crude oil price have created a global economic scenario that has now been compared to the Great-Depression of the 1930’s. The damage cost to the financial and job market globally already exceeds the financial crisis of 2009. It is within this context that CW Researchs 1H2020 update of the Global Cement Volume Forecast Report was undertaken.
Functional equipment is forecast to be the main driver for the world cement equipment market, being projected to account for over USD 3 billion in 2024, according to CW Research’s World Cement Equipment Market and Forecast Report 2020.
In an exclusive interview with CemWeek, Doctor Alexander Schopf shares his insights on chemical looping combustion, a carbon sequestration process for carbon capture and storage, particularly on its role in rendering the cement production process greener.
According to CW Research’s World Cement Equipment Market and Forecast Report 2020, the market for cement manufacturing equipment and services is projected to decline to an estimated USD 8 billion by 2024.