The Global Cement and Concrete Market Outlook to 2028£1,995.00
The global construction industry is showing substantial growth which has been driving demand for cement and concrete. One of the key drivers behind the growth is urbanisation particularly in emerging markets. Meanwhile, rising per capita income is also underpinning demand for cement and concrete in the residential construction sector.
On the other hand, to provide better public services in transport, healthcare, energy etc, government spending is also on the rise, boosting demand for cement and concrete in the infrastructure sector. We assess that major demand for cement and concrete is attributed to the infrastructure sector which is on the rise across the globe.
However, limited space in major cities and urban areas is driving the trend towards high rise buildings, which is also embraced by even in the developing markets. High rise buildings tend to become less concrete intensive, which will be a downside risk for cement and concrete going forward. In developed markets, we ascertain that there is a negative correlation between high rise buildings and cement and concrete demand. Most of these high rise buildings will increase the usage of more expensive materials such as glass in facades and steel beams in structures. However, in developing markets, multiple storey buildings will continue to use traditional materials such as cement, marble etc. However, there is a growing trend for skyscrapers in some parts of developing Asia and Central and South America. Indeed the building core will be cement and concrete intensive, though most of the outer and parts are likely to use alternative materials for various reasons such as aesthetics and lightweight.
Moreover, the environmental costs and labour shortages, particularly in developed markets, will remain a serious issue in the industry. Brexit, NAFTA renegotiations and the US strict policy on immigration will also play a key role in impacting demand and supply of cement and concrete in these markets. On the other hand OBOR, Saudi Vision 2030 and $1 trillion US infrastructure plan would be some of the key mega projects underpinning demand for cement and concrete. Commodity Inside expects that a substantial amount of new cement supply will be added in emerging and developing markets to satisfy the growing demand.
Global Advanced Construction Glazing Glass Market out to 2028£1,695.00
The advanced glass is changing the face of construction. Today we have a variety of advanced glass used for glazing which are performing various functions in addition to providing a nice look to the building. The market has been grown very fast recently and now account for a considerable share in the total construction glass. Indeed developed markets such as North America and Europe are leading players, though demand pattern in emerging markets is also changing. Commodity Inside anticipates that advanced glazing glass market in the construction industry is set to reach 32 million tonnes by 2028.
Energy efficient glazing glass is playing a pivotal role in keeping the energy consumption low and resulting less pollution in the environment. It accounts for the largest share in the advanced glazing glass market. The increasing regulations for a sustainable environment and green buildings are playing a significant role in driving demand for energy efficient glass.
The increasing population and urbanisation, as well as the trend of high rise buildings, are expected to drive demand for advanced glazing glass market. Most of the growth is expected to generate from commercial buildings followed by residential construction. We are not expecting any significant demand growth for advanced glazing glass in the infrastructure sector, though some types of advanced glazing glass will flourish more in the infrastructure markets due to their special attributes.
The high price margin over the standard glass prices will remain a serious drawback which will restrain demand. We are not expecting any significant squeeze in margins. The impact of high price will be more severe in the developing markets where both regulations and building architecture is not supportive of advanced glass in construction.
A Strategic Outlook for the Global Composite Materials Market to 2028£1,978.00
Composite materials have been substituting conventional materials across various applications for decades, though with slow penetration rates. The growth rate in the composites materials industry has started getting traction. However, in volume terms, composites are still far behind due to lack of technical advancements in the raw materials manufacturing process, costs of raw materials, composite material fabrications and its compatibility in various end-use sectors.
The composites industry is diversified and is varied from application to application. Composites materials consist of two different parts which are reinforcements and matrices. In commercial composite materials, carbon fibre and glass fibre are the two major reinforcements with high penetration rates. While, in term of matrices, thermoset polymer matrices are getting popular nowadays. On the back of high global importance towards recycling, thermoplastic polymer matrices are also making inroads into the market.
Another major segment in the composite materials market is wood plastic composites or natural fibre composites. These are not advanced composites, though widely used in the market due to their lower costs and ease of use in replacement of natural wood. Carbon Fibre Reinforced Plastic (CFRP), Glass Fibre Reinforced Plastic (GFRP) and natural composites dominate the market and currently accounting for around 97% market share in the total composites volumes.
Aramid fibre composite also has a considerable share in value terms, but their applications are limited to the defence sector, so it has less importance in the commercial market. Other composite materials like Metal Matrix Composites (MMCs), Ceramic Matrix Composites (CMCs), bio-composites etc have a nominal share in the overall composites market.
Commodity Inside assesses that there is an excess supply of composite raw materials like glass fibre, carbon fibres and resins. Currently, composites demand is driven by a wide array of factors and linked to specific end users. For instance, carbon fibre composite demand is predominantly driven by aerospace and automotive sectors. Similarly, glass fibre composites demand currently depends on end-use sectors such as wind energy, construction and tanks and vessel. Wood plastic composite demand is driven mainly by construction and furniture industries.
Commodity Inside expects that, carbon fibre composites will further penetrate in aerospace and automotive industries over the next ten years. High costs, which is one of the key factors restraining demand, is expected to decline substantially as a result of improved production processes. In aerospace and automotive composites, fabrication accounts for almost 70-80% of production cost which is restraining demand in these sectors. This cost will be decreased through autoclave OOA technology and other technical advancements which will accelerate carbon fibre composites uptake. Marine and pressure vessels are set to be adopting carbon fibre composite with high rates and could provide renewed growth for carbon fibre composites demand in the coming decade.
In the glass fibre composites segment, demand will be driven by wind energy on the back of growing clean energy trend. Demand has been increasing for composites in the construction sector after the 2009 update to the International Code Council's (ICC) International Building Code (IBC) permitting its use. Marine industry especially the cruise building in Europe is expected to adopt high demand for glass fibre composite which would also increase the demand going forward. Commodity Inside believes that glass fibres composites costs would closely track glass and oil prices.
Asia is showing the highest growth rate in the composite materials market. The growth rate of the carbon fibre composite supply and demand is increasing considerably in South Korea. China and India are showing rising demand for glass fibre composites. The Middle East particularly the UAE is a new emerging market for the glass fibre as well as carbon fibre composites.
Carbon fibre composite demand is on the high trajectory in Americas due to its aerospace and automotive industry. In Europe, demand is almost stable, but in major markets such as Germany, glass fibre composites demand is raising on the back of its applications in the construction industry.
Commodity Inside understands that the expected significant higher demand for composites materials would not cause any supply shortage in the raw materials in the coming few years. There have already been some announcements about carbon and glass fibre capacity additions in the US, China and India.
The Global Merchant Slab Market Outlook£8,500.00
The Global Merchant Slab Market Outlook report is one of our key steel related subscription products. Presently, there is no such report available in the market which covers the merchant slab market in such details. This quarterly report encompasses demand and supply of merchant slab by country and company. It also includes merchant slab price assessments and forecasts.
Flat Steel Price Forecaster (Monthly)£878.00
It is an excel based product which tracks flat steel prices in all major markets and provides both short and long-term forecasts. This product is for those clients who are keen in following flat steel prices, and do not have time to read a long market commentary.
Why this subscription product is unique, and a must-read for the flat steel industry?
- Price discovery and forecasts of flats steel products in major markets
- Price assessments of hot-rolled coil (HRC), cold-rolled coil (CRC) and hot-dip galvanised (HDG) by regions
- How are flat steel prices performing in major markets?
- 22 different flat steel price series
- Both short term and long term forecasts are provided with underlying developments and assumptions.
- Six months ahead forecasts updated on a monthly basis. While five-year annual forecasts up to 2022 are updated on quarterly basis.
List of price series
- China, Hot-rolled coil, Export, FOB, $/t
- China, Cold-rolled coil, Export, FOB, $/t
- China, Hot-dipped galvanised coil, Export, FOB, $/t
- China, Hot-rolled coil, (ex-works), RMB/t
- China, Cold-rolled coil, (ex-works), RMB/t
- China, Hot-dipped galvanised coil, (ex-works), RMB/t
- Europe, Hot-rolled coil, Import, CFR, €/t
- Europe, Cold-rolled coil, Import, CFR, €/t
- Europe, Hot-dipped galvanised coil, Import, CFR, €/t
- Europe, Hot-rolled coil, Ex-works, €/t
- Europe, Cold-rolled coil, Ex-works, €/t
- Europe, Hot-dipped galvanised coil, Ex-works, €/t
- Russia, Hot-rolled coil, Export, FOB, black sea, $/t
- Russia, Cold-rolled coil, Export, FOB, black sea, $/t
- Brazil, Hot-rolled coil, Domestic, BRL/t
- Brazil, Cold-rolled coil, Domestic, BRL/t
- Brazil, Hot-rolled coil, Export, FOB, $/t
- Brazil, Cold-rolled coil, Export, FOB, $/t
- Unites States, Hot-rolled coil, Domestic, $/st
- Unites States, Cold-rolled coil, Domestic, $/st
- Unites States, Hot-rolled coil, Import, CFR, $/st
- Unites States, Cold-rolled coil, Import, CFR, $/st
- Unites States, Hot-dipped galvanised coil, Import, CFR, $/st
Who should buy this report?
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Why our analyses are robust and authoritative?
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Global Construction Glass Market Outlook to 2028£1,695.00
The construction glass market has been showing some substantial demand growth on the back of increased use of glass in developing and emerging markets. Urbanisation is one of the major drivers behind the growth, particularly with increasing number of high rise buildings in large densely populated cities. Lack of space and rising land prices are pushing property developers towards high rise building. In matured markets, availability of skilled labours as well as supplies of prefabricated glass windows and facade claddings are some key supportive factors for the high usage of glass in the construction industry. However, developing markets are lagging behind in the race due to the inadequacy of such facilities.
The non-residential sector is expected to continue account for the largest market share in the construction glass market. Hotels and shopping centres will be some of the major subsectors which will keep the demand elevated. In most developing markets, where alternative materials were previously used for durability and lower maintenance costs, have now been switching towards glass panels for both aesthetics as well as prestige reasons.
However, one of the key aspects which require attention across commercial, residential and infrastructure construction is the environmental and energy-saving attributes. Intensive marketing will be required to influence the governments in policy making, strong coordination with designers and structural engineers etc. Awareness, marketing, and a good technical team are also very important for furthering construction glass demand.
Rising costs and availability of cheap and durable alternative materials continue to remain a significant downside risk to the growing demand, particularly in the residential sector. Commodity Inside also believes that the tightening of monetary policy has a strong correlation with residential construction. The US Federal Reserve is expected to switch towards tighter monetary policy this year while other central banks including People's Bank of China are expected to keep the policy relatively tight. These measures would hamper construction glass demand in various markets in the short term.