Posted in | News

Chinese Cement Products Manufacturing Industry to Reach $145 Billion in 2016

According to a market research report titled, ‘Cement Products Manufacturing in China’ from IBISWorld, the Chinese manufacturing industry of cement products will grow at 16.8% of the average annualized rate to reach $145.48 billion in 2016. The ever-increasing demand from the Chinese infrastructure and real estate markets is the reason behind the rapid growth.

The Chinese cement products manufacturing industry will experience rapid increase in profits in the coming years thanks to the active polices of the Chinese government for investments in infrastructure development. The country is the largest producer of cement products in the world. Precast pipes, commercial concrete, piles and poles are some of the products utilized in the downstream construction applications. The industry does not include the cement mixing process.

The increase in local and international raw material prices and downstream demand from infrastructure construction industries and residential, industrial and commercial construction industries have an impact on the output of cement products.

As per the report, the revenue of the cement products manufacturing industry has grown at 31.5% of the average annualized rate over a five-year term ending 2011 amidst a sluggish growth in 2009 caused by the worldwide economic recession. The industry will experience a 25% growth in revenue in the fiscal year 2011 thanks to the robust economic growth of China.

A majority of the cement product manufacturers of the Chinese cement products manufacturing industry are small or medium-sized companies that are not capable of maintaining product quality and offering wide range of products. The existence of aged technology, equipment and facilities cause a high degree of labor intensity and a lower level of automation.

Source: http://www.ibisworld.com.cn

Joel Scanlon

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Scanlon, Joel. (2019, February 22). Chinese Cement Products Manufacturing Industry to Reach $145 Billion in 2016. AZoBuild. Retrieved on October 07, 2024 from https://www.azobuild.com/news.aspx?newsID=14676.

  • MLA

    Scanlon, Joel. "Chinese Cement Products Manufacturing Industry to Reach $145 Billion in 2016". AZoBuild. 07 October 2024. <https://www.azobuild.com/news.aspx?newsID=14676>.

  • Chicago

    Scanlon, Joel. "Chinese Cement Products Manufacturing Industry to Reach $145 Billion in 2016". AZoBuild. https://www.azobuild.com/news.aspx?newsID=14676. (accessed October 07, 2024).

  • Harvard

    Scanlon, Joel. 2019. Chinese Cement Products Manufacturing Industry to Reach $145 Billion in 2016. AZoBuild, viewed 07 October 2024, https://www.azobuild.com/news.aspx?newsID=14676.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.