Cement consumption is expected to grow in Asia ex-China and the Middle East by an estimated 5% and 4% year-on-year in 2022. While consumption in Western Europe is likely to grow, Eastern Europe and CIS is set to decline.

Global cement consumption for 2022 is now expected to grow by 1 percent

FOB prices for cement in the Persian Gulf and Med Basin increased month-on-month in April; East African CFR prices for bagged cement also increased in April

Cement ex-works prices are forecast to increase more than 25% in Russia and 17% in Germany; Sub-Saharan Africa's ex-works prices to rise and India's ex-works prices to climb by 5%

Upgrades and spares segment is likely to grow at an average of 1% per year until 2027. Greenfield projects to decline over the next five years. Burners to see the smallest market size decline between 22-27

In Asia ex-China, capacity additions are expected to decline by 9% per year in the next 5 years and Europe's capacity addition to slow down due to geopolitical events

The cement equipment market size is expected to decrease by 6% each year between 2022-27. Spares and upgrades segments are likely to dominate the equipment market by 2027. Functional equipment is expected to be the main driver over the next 5 years.

In 2021, cement consumption in five select countries in the region – Brazil, Colombia, Peru, Argentina, and Chile – was driven by self-construction, real estate works, and the resumption of limited public investment

Global lime market size is likely to expand at a CAGR of 2 percent from 2022 to 2027