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.
Cement companies in India continue to expand their capacity as demand for their product increases, paving the way to their leadership in the global cement market. Despite their competitiveness, companies face some challenges in affirming themselves in the global market, as the ongoing trade conflicts sweeping Asian markets pose both opportunities and risks.
In Latin America, from January to October 2019, cement consumption recorded an increase in select markets, according to CW Research’s Cement Country Market Data. While cement demand declined in Argentina, it rose in Brazil and Colombia.