Despite contracting governmental revenue and a looming economic downturn amidst the pandemic outbreak, the Brazilian government did not cut back on infrastructure spending in 2020, supporting solid demand for cement and concrete. In fact, according to estimates from the National Cement Industry Association, sales of Brazilian cement rose by...
Faced with a drop in construction demand in the wake of the COVID-19 pandemic, the Indian non-metallic minerals industry recorded a drop in turnover in 2020. Industrial reports provide a 360 degree view of an industry. The Industrial market report offers a comprehensive guide to the size and shape of the Non-metalic Mineral Products...
While economic downturn in the wake of the global pandemic and declining oil prices shrank Russia’s government budget and put on hold many infrastructure projects, demand for cement and concrete products saw major contraction. In addition to cancellation or delay of some public tenders for infrastructure construction projects, the construction...
Business confidence saw major drop in the wake of the COVID-19 pandemic in early 2020, putting numerous commercial, industrial and infrastructure construction projects on hold, curbing demand for cement and concrete products. For example, construction demand from sectors such as hotels and recreation dropped by 20.5% in 2020, compared to new...
The commercial construction sector has continued to see demand for cement and concrete products decline since the Brexit referendum in 2016, as businesses face elevated uncertainty. With the UK’s departure from the EU Single Market, numerous companies have relocated their headquarters and major manufacturing facilities out of the UK and into...
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...
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...
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...
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...