The global cement capacity development
On a global level significant cement overcapacity and low utilization rates are now an issue, resulting in a lack of investment in new capacity. This article provides an overview about the latest trends in cement capacities and the utilization rates of major producers/countries and how this affects newly contracted capacity.
1 Introduction
Cement capacities are growing faster than demand [1]. Figure 1 shows the global development since 2001. Up to 2007 cement demand was growing faster than capacity, because the demand growth was higher than expected and new capacity needed at least two years to become operational. With the delay in investment decisions, newly contracted capacity peaked when the global financial crisis started and the demand in developed markets in the Americas and Europe rapidly declined. In China newly contracted capacity peaked in 2010. In Africa, India and Brazil huge capacity expansions started...