Abstract
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
implementation of 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.
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