Sources: Portland Cement Association, Washington, D.C.; CP staff Portland Cement Association Chief Economist Ed Sullivan cites the potential for a dip in cement consumption and concrete output attributable to the Russia-Ukraine conflict. At a joint luncheon in San Antonio during the PCA and National Ready Mixed Concrete Association 2022 conventions, he offered three scenarios for U.S. shipments through 2024:
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PCA’s Sullivan: Cement consumption will lag GDP growth
Sources: Portland Cement Association, Skokie, Ill.; CP staff
The Portland Cement Association Fall Forecast paints a minor 2019-2021 growth curve for cement consumption, with respective annual gains of 2.4 percent, 1.7 percent and 1.4 percent.
Read MoreRoad Builders project minor boost in 2017 highway, bridge activity
Sources: American Road & Transportation Builders Association (ARTBA), Washington, D.C.; CP staff
Total transportation construction and related market activity is expected to grow 1.3 percent in 2017, driven largely by increases in highway and bridge work supporting residential and commercial developments. ARTBA Chief Economist Dr. Alison Premo Black projects spending to reach $248 billion, up from an estimated $245 billion in 2016.
Read MorePCA economist firm on 2014 growth projection in 8 percent range
Sources: Portland Cement Association, Skokie, Ill.; CP staff
Although recent indicators point to a tempering of the U.S. economy, PCA is maintaining its forecast for steady growth in construction and cement consumption during the next five years, starting with a projected 7.9 percent increase this year in powder shipments, nearly double the 4.5 increase the industry logged in 2013 over prior-year volume.
Read MoreNPCA projects 6 percent growth in 2014 precast shipments
Source: National Precast Concrete Association, Carmel, Ind.
Based on data from its recently released Precast Industry Benchmarking Report and leading forecasters, NPCA projects U.S. producers’ shipments increasing this year to $16.8 billion from $15.9 billion in 2013, the 6 percent gain modest against higher overall construction growth in 2014.
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