Emerging-market cement demand could climb another 5% this year, - according to TBC Capital's report, which is based on International Cement Review data.
As of the document, Latin America appears poised for 2.1% growth, with sustainable conditions in Mexico and Brazil potentially offsetting a setback in Argentina. African consumption is anticipated to expand by 5% despite elevated cement
prices and interest rates amid high inflation.
"India's appetite could overshadow that of neighboring countries as the urban housing sector likely remains robust following a pre-election spending boost. Emerging regions' accelerated urbanization and infrastructure plans support long-term demand growth. The International Cement Review suggests emerging markets will consume 1.2 billion metric tons of cement in 2024 -- a 16% rise vs. prepandemic levels. Looking ahead, incorporating resilience into new green buildings will be critical for emerging markets", - the document reads.
