World cement consumption is expected to rise by 2 percent in 2021, following a better-than-expected performance in the extremely challenging macroeconomic environment of 2020, according to CW Research's 1H2021 update of the Global Cement Volume Forecast Report (GCVFR).

According to CW Research's World Oil Well Cement Market Forecast 2026, oil well cement (OWC) prices saw a severe decrease in premium over OPC in 2016 as a consequence of the oil price crash, but are expected to recover in key markets, including the United States, Russia and Brazil, as oil prices rebound.

As the global economy regains its growth trajectory in 2021, CW Research expects to see a quick recovery in Asia ex-China and the Middle East regions, which are expected to drive cement consumption growth over the next five years, according to CW Research's 1H2021 update of the Global Cement Volume Forecast Report (GCVFR).