According to the American Cement Association (ACA) Spring Market Intelligence Report, U.S. cement consumption is expected to decline by 1.6% in 2025. However, the association believes that this trend is not caused by the economic recession triggered by trade disputes.
The report was presented at the IEEE-IAS/ACA Cement Conference in early May 2025. Trevor Stoker, the association's regional economist, pointed out that "uncertainty" is the primary problem facing the construction industry. Nevertheless, the report's benchmark assumption is that trade negotiations will continue to improve, such as the recent progress with China, which will help ease market pressures, enhance investor confidence and promote the recovery of economic activity. However, it is important to note that the high interest rates that hampered construction activity last year are still in place and have an impact on this year's forecast.
From a more macro perspective, the report believes that the U.S. economy is expected to narrowly avoid recession in 2025 and usher in stronger growth in 2026 and 2027. At the same time, the U.S. job market is expected to gradually cool down in 2025, but there will be no significant increase in the unemployment rate. In terms of
subdivision, the biggest challenge facing housing construction is still housing affordability. High mortgage interest rates and housing prices need time to adjust the balance, which will restrain the growth of housing construction in the short term. In the commercial market, despite the rapid growth of data center construction, the overall commercial market is still slowing down in 2025. As for road and street projects in infrastructure construction, although the impact of high inflation has eased, the growth of state expenditure has also slowed down.
Overall, there is no obvious growth momentum for cement consumption in the United States in 2025, and the cement industry will face the intertwined impact of many complex factors in this year.
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