Chinese commercial construction saw diminishing interest from multinational companies, as rising labour costs decreased the country’s attractiveness for manufacturing, with investors relocating factories to other Southeast Asian countries. A slowdown in demand from commercial construction was, however, partly compensated for by healthy housing...
Infrastructure developments accelerated across the country in 2019, stimulating cement and concrete demand. In 2019, the White House administration announced ambitious plans to raise USD1.5 trillion in public and private investment in infrastructure over the decade to 2030, aiming to close the infrastructure gap. Cement consumption consequently...
The German housing sector was the main driver of cement and concrete demand in 2019. Residential construction activities were stimulated by an expanding rental market, higher housing prices and extremely low interest rates. While housing demand was robust, non-residential construction remained weak, given slower manufacturing activity, prevailing...
During 2019, Italian infrastructure spending stagnated, hindering demand for cement and concrete. The Italian Association of Private Construction (ANCE) estimates that, as of the end of 2019, around 750 infrastructure projects worth EUR62 billion were on hold. Among the major projects delayed were urgent repairs to numerous national and regional...
Following years of austerity measures to curb its fiscal deficit, Spain’s infrastructure expenditure saw a notable increase in 2019, stimulating demand for cement and concrete products. In the budget for 2019, Spain allocated EUR10 billion for infrastructure projects, up by 18% over the previous year. The majority of the funding was allocated...
In 2019, the French housing sector remained nearly flat, but cement demand continued to increase. The downturn in new housing projects was largely offset by rising demand for renovation, non-residential buildings and public works. Industrial reports provide a 360 degree view of an industry. The Industrial market report offers a comprehensive...
Abstract Grinding Media Procurement in the US This report is intended to assist buyers of grinding media, including metallic and nonmetallic media. Grinding media includes metallic and nonmetallic products that are used in the production of other manufactured goods, such as silica sand, plastic and paper...
Japan’s Ministry of Land, Infrastructure, Transport and Tourism indicates that over 2018 starts of new dwellings dropped by 2.3% year on year to 942,370 units, hindering demand for cement. For the second year in a row, housing construction declined prompted by contracting demand as the population continues to decline and rising land prices...
Turkey’s non-metallic mineral products industry performed poorly in 2018, with what value growth there was being driven by high inflation. The industry was adversely impacted by a sharp drop in residential construction activity, mainly due to falling business confidence and weakened demand brought on by the Turkish lira’s depreciation and...
In 2018, government spending on infrastructure developments remained depressed, hindering demand for concrete and cement products. During the year, KRW18.5 trillion was spent on roads, railways and other infrastructure, compared to KRW19.0 trillion in the previous year. Contraction in the infrastructure sector was driven by the government’s...