OREANDA-NEWS. Fitch Ratings says in its latest European Building Materials Dashboard that global capacity utilisation is set to remain flat, despite increasing consumption, as new capacity over the next two years outstrips demand growth in emerging markets.

Global market share remains low, despite mega-mergers in the industry of giants such as Holcim Ltd and Lafarge SA (BBB-/Positive), to create LafargeHolcim Ltd (BBB/Stable), CRH's (BBB/Negative) EUR6.5bn acquisition of LafargeHolcim's global assets, and HeidelbergCement AG's (BB+/Stable) acquisition of Italcementi SpA. This is particularly true in emerging countries where markets are more fragmented.