Cement in China industry forecasts to 2010 and 2015
Released on = April 20, 2007, 9:57 pm
Press Release Author = Bharat Book Bureau
Industry = Marketing
Press Release Summary = Cement consumption in China to grow over 5% per year through 2010 Demand for cement in China will rise 5.1 percent annually through 2010 to reach 1.3 billion metric tons, driven by moderating but healthy growth in construction expenditures.
Press Release Body = Cement in China industry forecasts to 2010 & 2015
Cement consumption in China to grow over 5% per year through 2010 Demand for cement in China will rise 5.1 percent annually through 2010 to reach 1.3 billion metric tons, driven by moderating but healthy growth in construction expenditures. China will remain the largest national consumer of cement in the world, accounting for close to half of global cement consumption in 2010.
Ready-mix concrete to continue the fastest growth
Cement demand in the ready-mix concrete market will post the strongest gains of any market category through 2010, increasing 11.2 percent annually through 2010. Market growth will continue to benefit from the government's implementationof Decree #341, which bans onsite concrete production in over 200 cities across China in order to reduce environmental damage from onsite cement mixing and improve the quality of concrete used in construction. Concrete product producers will remain the largest market for cement in China, accounting for 36 percent of all cement consumption in 2010. Demand for concrete products, including blocks, bricks, culverts, floor and wall panels, noise barriers, pipes, poles and various other items, will be stimulated by the growing popularity of precast concrete products among construction contractors. Many concrete products can be better or more cost-effectively fabricated in specialty plants, instead of being cast on site.
Nonbuilding construction fastest growing end use
Cement consumption in nonbuilding construction will continue to post the best gains of any end-use segment, rising 6.8 percent yearly through 2010. Gains will be stimulated mainly by strong growth in China's nonbuilding construction activity. The government's continued efforts to modernize the country's infrastructure is exemplified by such massive projects as the South-North Water Diversion -- designed to redirect water to the northern plains from central and south China. This project, scheduled for completion in 2050, will result in annual cement consumption of over one million metric tons. Nonresidential building will remain the largest end use for cement in China, growing at a 4.6 percent annual rate through 2010. Continued strength in foreign and private direct investment in commercial real estate development will help spur market gains.
Opportunities vary by region China is a large country, consisting various distinct markets characterized by different economies, cultures and languages. Demand for cement will record the fastest gains in the Northwest and Southwest regions, benefitting from the government's "Go West" strategy. In addition, demand for cement in the Northeast region will also outpace the national average growth, supported by the "Reviving the Northeast" campaign. Nevertheless, the Central- East and Central-South will remain the largest Chinese regional markets and will consume over two-thirds of cement sold in China in 2010.
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