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Cement Manufacturing in the US Industry Market Research Report from IBISWorld Has Been Updated

New York, NY (PRWEB) February 16, 2014

The Cement Manufacturing industry produces a range of cements, including Portland, masonry and specialty cements. Cement, which is used for making concrete and mortar, is distributed almost exclusively to construction markets for residential, nonresidential and infrastructure construction. Following the recession, depressed conditions across these markets reduced demand and caused revenue to plummet. However, the industry has since recovered, with forecast average annual growth in the five years to 2014. This includes anticipated growth in 2014, which is in line with improving conditions across building markets and steady public expenditure on infrastructure.

The Cement Manufacturing industry is characterized by a significant degree of market concentration, with the four largest companies (Cemex SA de CV, HeidelbergCement AG, Lafarge North America and Holcim Inc.) accounting for over about two thirds of industry revenue. While all four major companies in this industry are foreign-owned with substantial global cement operations, so far they have limited import penetration by meeting domestic demand through the expansion of domestic subsidiary operations. Meanwhile, cement exports have grown substantially in response to demand from emerging markets undergoing rapid economic development. Still, domestic consumption continues to account for the majority of industry revenue, underpinning current and prospective revenue growth.

In response to this industry’s continuing maturity, operators are improving the efficiency of procurement, production, and distribution. Almost all major players, and many midsized players, are vertically integrated with downstream concrete manufacturing and wholesaling operations. Vertical integration, combined with a wave of mergers and acquisitions, has allowed operators to streamline production and reach strategic, but geographically dispersed, construction markets. As a result, profit is expected to rebound in 2014, an improvement over recessionary lows.

Cement manufacturers are expected to continue performing well, due to ongoing investment in new residential and commercial projects and in infrastructure and utilities upgrades. However, according to IBISWorld Industry Analyst Amal Ahmad, “construction activity at home and abroad is expected to stabilize as economies recover fully from the housing boom and bust, and as emerging market growth steadies.” These factors will “propel cement manufacturers to innovate ways to increase production efficiency and maximize exposure to strategic construction markets,” says Ahmad. IBISWorld expects industry revenue to grow at an annualized rate in the five years to 2019.

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US Fiber Cement Market Demand to Grow 8% Annually to 2017 in a New Research Report at RnRMarketResearch.com

Dallas, Texas (PRWEB) January 31, 2014

US demand to rise 8% annually through 2017

Fiber cement products have seen sharp increases in use since their introduction to the US in the early 1990s. Siding made from fiber cement took market share from wood siding because it offers home-owners a similar aesthetic appearance, but requires much less maintenance and is more resistant to damage caused by exposure to the elements and insect attack. Over the last two decades, fiber cement products have continued to see increasing use in building construction applications as construction professionals became more familiar with the material.

US demand for fiber cement products is forecast to rise 8.0 percent annually to 2.8 billion square feet in 2017, valued at $ 2.7 billion. Advances will be spurred by a rebound in residential building construction spending, particularly in the new housing segment. Growth will be further spurred by increasing use of fiber cement products because of their favorable aesthetic and performance properties.

Complete report available at http://www.rnrmarketresearch.com/fiber-cement-to-2017-market-report.html.

New housing to be fastest growing market

The new housing market will register the most rapid growth in fiber cement demand through 2017, advancing nearly 16 percent annually as housing starts rise from their low 2012 base. Home builders will be more likely to specify siding and exterior trim made from fiber cement because it can be made to look like brick and stone. Other builders may select fiber cement siding because it is seen as more attractive than vinyl.

Residential improvement and repair uses accounted for the largest share of fiber cement products demand in 2012. Consumer interest in bathroom renovation projects supported demand for fiber cement backerboard installed beneath decorative tile flooring and bathtub and shower surrounds. Going forward, demand will be aided by a favorable lending environment that will make it easier for homeowners to take out home equity loans to fund improvement projects such as siding replacement and tile floors.

Nonresidential demand for fiber cement is forecast to rise steadily through 2017, spurred by rebounding nonresidential building construction. Fiber cement products will increasingly be specified by architects and contractors because they can be made to resemble more expensive materials, such as brick and natural stone.

Siding applications to offer best growth opportunities

Siding accounted for the largest share of fiber cement products demand in 2012 with two-thirds of the market. Fiber cement siding has seen an increase in its share of US siding demand over the past decade as builders and homeowners became more familiar with the performance and aesthetic advantages of the material. Siding made from fiber cement has largely supplanted wood siding, because fiber cement is nearly impervious to degradation and requires less maintenance than wood. Through 2017, fiber cement siding demand will grow rapidly, fueled by rebounding housing starts. Fiber cement is less expensive than brick, which will give rise to opportunities in the South, where brick is currently the most popular siding material. Fiber cement is also seen as a more attractive alternative to vinyl siding, which will promote the adaptation of the material in the Midwest and Northeast.

Company Profiles

Profiles for key US industry players such as CertainTeed, GAF Materials,James Hardie, Maxtile and Nichiha

Buy a report copy at http://www.rnrmarketresearch.com/contacts/purchase?rname=146215.

Browse more reports on Construction Material Market at http://www.rnrmarketresearch.com/reports/manufacturing-construction/construction/construction-material.

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