Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
The cement industry is projected to perform moderately in global markets over the coming months. The outlook presents a complex landscape, with stagnant demand projected globally but regional variations. Markets in the Middle East, India, and Africa are bright spots driven by growing infrastructure investments, while Turkey, China, and Europe are anticipated to be weak. However, Europe and the USA show promise with surging profit margins driven by higher cement prices due to rising production costs and CO2 expenses.
The Indian cement market steadily picked up in the first quarter of 2024, showcasing a substantial demand increase after a slow start in January, with further growth projected in the coming months. However, selling prices fluctuated within a narrow range due to competition among top companies vying for market share. The astounding downstream demand provides ample capacity for growth, but with ambitious expansion plans, the top companies sustain their market share and consolidate the market. The EU's proposed carbon border adjustment mechanism aims to levy charges on carbon-intensive imports like steel and cement entering Europe, sparking criticism from several developing nations. India's infrastructure output increased by 5.2% year-on-year in March.
In 2024, Saudi Arabia's cement industry is set to solidify its global market position by embracing circular economy principles and digital innovation, with advanced technologies in most plants driving digital maturity and de-carbonization over the next two to five years. Despite challenges like rising sea freight costs, geopolitical tensions, and increased energy prices, Saudi cement plants maintain production costs around 15% below the global average due to operational efficiencies and advanced technologies. However, reduced government investment is expected to slow large-scale projects, impacting domestic demand. In Q1 2024, domestic sales and exports took a slight dip, but Saudi Arabia remains the region's largest cement producer, with major firms like Al Yamama Cement leading the market. The industry's competitive pricing, supported by carbon border taxes, suggests the potential for increased exports, with a strong focus on sustainability and green product production likely driving the sector's evolution.
In January-March, Indian cement producers saw increased margins due to lower petroleum coke and thermal coal prices, resulting in increased profits for all major cement companies. While cement prices fell in key markets, demand is expected to grow faster than capacity additions at an annual growth rate of 8-9% over the next few years. Looking ahead, lower-priced coke bought in early 2024 is expected to offset weak cement prices in the April-June period influenced by India's general elections, as the benefit of reduced fuel prices typically lags by up to three months.
Gain a competitive edge with EMR's comprehensive price forecasting reports. Dive deep into the latest market dynamics and price outlook for your specific materials, ensuring you stay ahead of the curve with actionable insights and strategic foresight.
Accurate Data: Our reports are based on reliable data sources including primary interviews, government websites, and industry bodies.
Comprehensive Insights: We offer a holistic view of the market, considering all factors related to demand, supply, macroeconomic environment, and input costs.
Timely Updates: Reports are updated monthly, with options for quarterly or semi-annual subscriptions.
Expert Support: Our team of analysts is available for consultations and customized requirements.
Informed Procurement Decisions: Gain insights on when to buy and how to negotiate better, mitigating the impact of price volatility.
Competitive Advantage: Leverage our robust and time-tested forecasting methodology to stay ahead in the market.
Actionable Insights: Make better market decisions with detailed forecasts and analysis.
Our reports cover a wide range of commodities including chemicals (including speciality chemicals), metals, agricultural ingredients, and energy. Each report focuses on a specific commodity to provide detailed insights.
Our reports are updated monthly to provide the most current data and insights. Users can also subscribe to quarterly or semi-annual updates based on their needs.
We source our data through primary interviews with our supplier and trader network, government websites, industry bodies, and world trade data, ensuring accuracy and reliability.
Yes, we offer custom reports tailored to your specific needs. Please contact our support team for more information.
Our reports provide critical insights that help you anticipate market trends, optimize procurement strategies, and make informed investment decisions. This leads to better negotiation and timing in purchases, thereby reducing the impact of price volatility.
Clients can receive analyst support to answer specific questions related to the reports. Additionally, we offer services like risk management, category intelligence, should-cost models, and trade data analytics as part of our extended suite of offerings.
Purchase Full Report
Basic Report - One Time
USD 1499
tax inclusive*
Basic Report - Annual Subscription
USD 3499
tax inclusive*
Detailed Report - One Time
USD 3499
tax inclusive*
Detailed Report - Annual Subscription
USD 4999
tax inclusive*
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
Share