RNCOS has published a market research report on the Russian cement industry titled, ‘Russian Cement Sector Analysis’.
The report analyzes the future prospects of the Russian cement industry and its different segment, including manufacturing, plant size, installed capacity, import, export and consumption. The report discusses the growth drivers and the major emerging trends in the industry.
As per the report, Russian cement industry has witnessed major developments during the past 10 years and has successfully recovered from the economic downturn to meet the increasing local demand from giant construction and infrastructure projects. International cement companies are establishing cement plants in Russia due to the encouraging government policies and industry developments.
The report predicts that cement production in Russia will achieve a CAGR of 8.1% in 2015 and the country will become the favorite destination for segment investments. The Volga and the Central regions account for more than 40% of the total production in Russia. However, cement capacity in the Volga and the Central regions are not up to the potential, marking the huge potential for production growth in the future.
As the host of 2014 Sochi Olympics, Russia is now constructing fundamental infrastructure facilities, including highways, bridges, dams and roads. The countrywide massive housing development project will increase the country’s overall cement usage. The report predicts that the production growth in Russia willbe outperforme by cement demand, resulting in more cement imports.