ACC on Sunday said cement demand will pick up by eight per cent next one year led by housing, retail and infrastructure sectors but monsoon failure could have adverse impact.

"We continue to maintain an encouraging outlook for the industry in foreseeable future based on positive gains of growth in demand, led by housing, retail and infrastructure sector. We expect that demand for cement consumption will grow at around eight per cent at least for the next one year," ACC Managing Director Sumit Banerjee said.