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China cement products manufacturing market: $166.73 billion industry by 2017

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Cement Products Manufacturing in China - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-25 10:43:01
Currently, China is the world´s largest manufacturer of cement products. Cement product output each year meets both the development needs of the national economy and improves people´s living standards.

The key sensitivities affecting the performance of the Cement Product Manufacturing industry in China include downstream demand from commercial, industrial and residential construction industries and infrastructure construction industries; and domestic and international raw material prices.

Industry revenue is expected to increase from $23.5 billion in 2007 to $94.0 billion in 2012. This represents an annualized increase of 31.9% over the five years to 2012. Industry revenue growth was very high in 2008 at 46.2%, following 30.5% growth in 2007. Growth eased in 2009 due to the global economic recession and is estimated to be 18.0% in 2012 driven by the strong growth of China´s economy.

There are some problems within the Cement Product Manufacturing industry in China. For example, most cement product manufacturers are small or medium-sized enterprises that offer a limited product range and are often unable to guarantee the quality of their products. In addition, old plants, equipment and technology result in low automation levels and a high labor intensity.

ACMR-IBISWorld forecasts that in the next five years, total revenue of the Cement Product Manufacturing industry in China will increase at an annualized rate of 12.1% to $166.73 billion in 2017, driven by continued investment of Chinese government in construction and infrastructure projects. However, growth will be slower than in the past five years as the industry is maturing and there will be a slowdown in growth within China´s real estate sector.

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