Many nations in Latin America have recovered far more quickly from the global downturn that began in 2008 than has the United States. As a basic building material, the demand for cement serves as an indicator of how the construction industry is faring from country to country. Brazil’s construction industry is doing quite well and is forecast to grow sharply over the next five years. The market sizes presented here are based on demand for cement and the figure for 2015 is a forecast by the source.
Geographic reference: Brazil
Year: 2010 and 2015
Market size: 58 Million and 75 Million metric tons respectively
Source: “News North and South America: Brazil forecast to experience big growth,” Global Cement Magazine, November 2010, page 41.