Cement has a very strong case to be a key player in the manufacturing industry, said Jeff Mascone, chief economist at Cascadia Research Group.
“There is a lot of demand, but not enough supply.”
Cement has been making a lot more of its cement products in Asia, and that demand has been growing rapidly, with global demand for cement growing from 1.1 billion tonnes in 2006 to more than 6 billion tonnes last year.
“There is demand for all of the cement products, but there’s just not a lot,” Mr. Mascon said.
A big chunk of that demand comes from China, which is the world’s largest cement producer and is the top exporter.
“The biggest demand from China is the cement industry,” Mr, Mascones said.
“China is really pushing for cement to be more widely used.”
Mr. Miscone noted that China’s cement demand is not just about cement itself.
He also said that demand for it in the automotive industry is likely to grow, and the industry is growing at a healthy clip.
It’s not just China’s booming demand that is driving demand for concrete, Mr. Fattal said.
The same demand is driving the rise in cement prices in the U.S., he said.
“If cement is a global industry, it’s because the demand for the cement in the United States is growing,” Mr Fattam said.