Cement Market in China 2015-2019
About Cement Market in China
As cement is one of the most essential raw materials in the construction industry, the cement market is considered the backbone of the construction market. Cement is one of the vital commodities for development and falls under the likes of oil and steel. The versatile nature of cement makes it suitable for construction of houses, roads, and large-scale infrastructure projects.China is the world's largest manufacturer of cement. It is also a major consumer and exporter of cement. The cement market in the country is one of the most important manufacturing markets. The market is, however, going through a period of deceleration in growth due to the oversupply of cement in the country and the defragmentation of the market.
Technavio's analysts forecast the cement market in China to grow at a CAGR of 1.21% over the period 2014-2019.
Covered in this Report
This report focuses on the growth prospects of the cement market in China for the period 2015-2019. To calculate the market size, the report considers the production of cement in China. It presents the supply chain and manufacturing process of cement in the country. Apart from this, the report also provides a detailed segmentation of the cement market in China on the basis of end-users.Technavio's report, Cement Market in China 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Cement Market in China 2015-2019
Technavio recognizes the following companies as the key players in the Cement Market in China: Anhui Conch Cement, Asia Cement, China National Building Material, China Resources Cement Holdings and China Shanshui Cement Group
Other Prominent Vendors in the market are: Huaxin Cement and Tangshan Jidong Cement
Commenting on the report, an analyst from Technavio’s team said: “The cement industry is one of the major emitters of GHGs in the country and also the major consumer of energy. With the growing population and urbanization, GHG emissions and the demand for energy in the country are set to increase during the forecast period. To reduce the consumption of energy, the government is focusing on sustainable development of the cement industry. It is encouraging the use of alternative fuels and raw materials such as agricultural biomass for manufacturing cement.”
According to the report, currently, the infrastructure construction sector in China constitutes a major share of the construction market in the country. China is one of the main developing countries in the world and it faces stiff competition from the developed countries in terms of quality of infrastructure. To make the country's infrastructure at a par with developed economies, the government is making huge investments to develop and upgrade the existing infrastructure in the country. Increase in investment in the infrastructure sector and the rise in number of infrastructure projects in the country will propel market growth during the forecast period.
Further, the report states that the cement market in China has been facing a major challenge of oversupply of cement.
Anhui Conch Cement, Asia Cement, China National Building Material, China Resources Cement Holdings, China Shanshui Cement Group, Huaxin Cement, Tangshan Jidong Cement
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