According to current news, 2012 cement consumption may face even more growth than previously expected. Both residential and nonresidential construction activity as increased due to such favorable and mild weather conditions this year, resulting in more cement being used on these projects. The Portland Cement Association (also known as the PCA) predicts that the expected increase in cement consumption nearly doubles for the year. Compared to 2011 levels, construction activity is up 4.2 percent - and is expected to go up to 5.5 percent - after seven years of decline.
So are there more reasons for the astonishing growth in cement consumption besides a mild winter? Experts suspect that the changes in cement intensity are also a contributing factor. Cement intensity is the amount of cement used per dollar of construction activity. The PCA believes that because cement is used most in the early stages of a product, the drop in construction starts-ups were responsible for about 75% of the reduced need for cement during the recession. With the creation of new jobs and more projects, the construction industry can only go up from here, leading to the increase in cement consumption.
Major cementitious companies, such as Seament managed by Alexander Bouri, Elbasan Cement Factory managed by Chief Executive Officer Charles Bouri, and others around the globe are expected to see a growth in business due to the estimated cement consumption increase.
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