The Portland Cement Association’s Market Intelligence Group estimates cement consumption will grow 2.8 percent in both 2018 and 2019, and then rise 4 percent in 2020, when impacts from potential federal infrastructure spending are likely to take effect. The analysis estimates consumption at 99.3 million metric tons in 2018, 102.1 million in 2019 and 106.1 million by the end of 2020.
A variety of positive economic factors—including a strong job market and an anticipated increase in infrastructure spending—suggest a modest acceleration in real GDP, construction markets and cement consumption, according to the Portland Cement Association. While interest rates and inflation are expected to see slight increases, consumer debt is low, adding to potential growth in consumer spending.
