Average growth of +9.3% a year has been forecast for global consumption of cement and concrete additives, with demand set to hit US$ 21.2 billion in 2017, according to research company Freedonia.
The Asia Pacific region is expected to remain the largest consumer of cement and concrete additives with demand expected to increase +9.2% a year reaching US$ 10.6 billion by 2017.
But the strongest growth between 2012 and 2017 is forecast for Africa and the Middle East, where increases of +10.6% a year are expected, reaching a value of US$ 1.37 billion by 2017.
In construction markets of many developing countries gains were expected to be prompted by increased additive use, and a move to higher-value additives to produce concrete meeting increasingly stringent performance expectations.
Freedonia said China accounted for nearly three-fifths of the world’s cement demand and more than one-quarter of additive demand in 2012. It said sustained growth in demand for additives was expected, even as growth in construction activity and cement demand decelerates.
By Helen Wright