DESPITE a slowdown in home building, the market supply of cement and ready mixed concrete is expected to accelerate to meet demands in other end-use sectors, taking the market valued at about $25 million in 2005 to $30 billion in 2010.
According to market research Specialists in Business Information (SBI) cites in its Cement and Readymix Concrete in the US report, sustained growth in commercial, government, and institutional construction, as well as rebuilding efforts in hurricane-damaged areas in the Gulf Coast region, will increase the market supply value of cement by a compound annual growth rate of 4% during the period of 2006 to 2010, with ready mixed showing similar gains at 3% during the same period.
“Major consolidation and expansion are taking place as the industry rallies to optimize cost efficiencies and achieve higher growth and production capabilities,” notes Tatjana Meerman, managing editor of SBI. “As energy and limestone costs continue to rise, and concerns over the environmental impact of manufacturing escalate, the cement industry is responding by investing in more dry-process [production], reducing emissions, and curtailing corporate costs to limit cost increases to the end-user.
”Priced at $3,000, the report contains import/export data, competitive profiles, mergers and acquisitions within the industry, and construction and housing market trends that affect demand and production of cement and ready mixed concrete.”
It can be ordered through www.sbireports.com/product/display.asp?productid=1315800, or www.MarketResearch.com.