Sluggish demand for cement from housing construction dented the supply-demand matrix of the cement industry in the last several years, according to a report from Research and Markets. Now it's time to recover.
According to the report "US Cement Industry Analysis," the cement industry in the US is currently in its recovery phase and striving hard to diminish the after effects of the economic slowdown. New housing starts and commercial construction activities are now picking pace and showing hopes to cement demand retrievals, according to the study. Recuperating infrastructure spending along with growing domestic demand from almost all the prominent industry verticals will enable the apparent cement consumption to grow at a CAGR of around 8.5% during 2011-2015.
The economy is recuperating from recession and the real GDP grew by 2.6% in 2010 after declining to 2.5% in 2009. The recovering economy along with balancing cement prices will kick start cement market recovery in near future and will help it to accelerate further in the coming years.
Further, at the regional front, West South Central (including mainly Louisiana, Oklahoma, Northern & Southern Texas) and South Atlantic (with states including Delaware, Washington DC, Florida, Georgia) are leading the country in terms of cement production as well as consumption.