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News Coherent Market Insights forecasts 55% global grinding aids market growth between 2019 and 2027

Coherent Market Insights forecasts 55% global grinding aids market growth between 2019 and 2027

Written by Global Cement staff 25 March 2021
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US: Coherent Market Insights (CMI) has forecast in a recent market report that the global cement grinding aids market will grow by 55% to US$5.02bn in 2027 from US$3.23bn in 2019. Factors driving market growth include increased cement industry concerns about energy consumption reduction and product fineness. A major driver is the Asia Pacific market, which accounted for 34% of value in 2019. In North America, US residential construction is forecast to continue its five-year increase. CMI predicted that projects in Saudi Arabia will also drive Middle Eastern market growth. It added that the Covid-19 outbreak has caused a drastic short-term decrease in demand.

Last modified on 31 March 2021
Published in Global Cement News
Tagged under
  • US
  • Report
  • Grinding
  • Coherent Market Insights
  • Saudi Arabia
  • GCW499
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