World of Concrete 2012 wraps up Friday in Las Vegas and the show’s 50,000 attendees are optimistic and expect better days ahead.
One indicator of the concrete market is the annual Cement Outlook presented by Ed Sullivan, economist for the Portland Cement Association, Skokie, Ill. Cement consumption is expected to increase significantly in 2013, the first time an increase has been predicted in the past five years.
While his presentation focused primarily on the infrastructure, he noted there was a “tinge of optimism” for other markets including public utilities, industrial, and retail sectors.
By 2017, cement consumption is expected to reach levels last recorded in 2005. “The construction market is in a 12-year peak-to-peak recovery,” said Sullivan. A number of factors, including a reduction in office vacancy rates as well as unemployment rates must come to fruition before the construction market sees a significant recovery, says Sullivan.
"Jobs will determine the growth rate in the economy and also shorten the healing process," Sullivan said. "The more jobs, the more recovery at the state level, the more construction spending."
A host of GCs and concrete contractors noted an increase in residential and commercial business, however their profit margins are expected remain small in 2012.
Meanwhile, WOC 2012 exhibitors rolled out a series of new products. Maxwell Systems showcased its new construction management software; ProSpec introduced a new high-strength grout that contributes to LEED credits; and Laticrete introduced their Supercap Pump Truck, a mobile blending unit that can deliver up to 15 tons of material per hour. BD+C
Related Stories
| Jan 16, 2013
2013 40 Under 40 application process now open
Building Design+Construction's 40 Under 40 is open to AEC professionals from around the globe.
| Jan 3, 2013
Answered prayers
A bold renovation enables a small church to expand its mission on a grand scale.
| Jan 3, 2013
5 things you should know about decorative concrete
Designing and installing decorative concrete is a lot more difficult that you might think. A veteran of many such installations offers a handful of tips to help you plan your next decorative concrete project.
| Jan 2, 2013
Trends Report: New facilities enhance the quality of campus life
Colleges and universities are building state-of-the-art student unions, dining halls, and other non-academic buildings to enrich the campus experience, boost enrollment, and stay competitive.
| Jan 2, 2013
Global data center market to ‘slow’ to 14.3% this year
Total global investment in data centers is expected to slow down somewhat this year but still increase at a respectable 14.3%, according to DCD Intelligence.
| Jan 2, 2013
BIM market value to hit $6.5 billion by 2020
Sales of BIM software and services are expected to grow at a compound annual rate of 17.3%, to a market value of $6.5 billion in 2020.
| Jan 2, 2013
Construction jobs made gains in 2012, even with a slow Q4, says Gilbane report
The construction sector in the nine states with 50% of construction employment was up 169,000 jobs from February to September 2012, following a lost of 137,000 jobs from September 2011 to January 2012.