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Asia Pacific Cement Industry Market Size & Forecast by Value and Volume Across 50+ Market Segments for Cement Products, Distribution Channel, Market Share, Import - Export, End Markets - Databook Q1 2024 Update

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    Report

  • 715 Pages
  • June 2024
  • Region: Asia Pacific
  • ConsTrack360
  • ID: 5760007
UP TO OFF until Oct 31st 2024
The cement industry in Asia pacific region is expected to grow by 3.2% on an annual basis to reach US$ 256.35 billion in 2024.

The Asia Pacific cement market is poised to record strong growth over the medium term. Cement sales are poised to increase across several regional markets, including in Vietnam, in 2024. This comes on the back of increased government spending on infrastructure projects over the medium term. To expand market share, firms are also seeking to expand their global footprint. The trend is expected to grow across the region in 2024.

Focus on sustainability and decarbonization is poised to grow across the Asia Pacific cement industry. The China Cement Association (CCA) and the Global Cement and Concrete Association (GCCA) also entered into a partnership in February 2024. The collaboration is aimed at reducing carbon emissions in the cement and concrete industry. Overall, the publisher maintains a positive growth outlook for the Asia Pacific cement industry over the next three to four years.

Vietnam's cement market is expected to post growth recovery in 2024

The cement industry is expected to record strong growth recovery in the Vietnamese market over the medium term. This is based largely on the measures adopted by the government, which include spending increasingly on key transport infrastructure projects and approval of many industrial and urban infrastructures. This, coupled with the expansion efforts of domestic cement firms in global markets like the United States, Australia, Latin America, and Africa, will also support the growth recovery of the cement market in 2024.
  • The industry is, however, expected to face resistance from regional import markets in the medium term. The Philippines, in particular, is expected to continue to impose temporary anti-dumping taxes on Vietnamese cement products. Other markets like Europe have also implemented carbon emission reduction mechanisms. This has had a negative impact on cement exports from Vietnam over the last few years. The Vietnam Cement Association, in response, has urged businesses to push their trade promotion activities to access more export opportunities.
Overall, the publisher maintains a positive growth outlook for the Vietnamese cement market over the medium term, with public investment projects and infrastructure construction expected to drive sales in H2 2024.

Focus on sustainability and decarbonization is poised to grow across the Asia Pacific cement industry

The Indonesian Industry Ministry, in May 2024, announced plans to develop a roadmap for the cement market to achieve decarbonization by 2,050. Some of the key strategies in the roadmap include transitioning to alternative fuels, developing innovative technologies, and reducing the clinker-to-cement ratio. The industry is already making efforts to reduce emissions. Among the efforts include energy efficient measures using biomass energy and the adoption of technologies that facilitate decarbonization.
  • The China Cement Association (CCA) and the Global Cement and Concrete Association (GCCA) also entered into a partnership in February 2024. The collaboration is aimed at reducing carbon emissions in the cement and concrete industry. The partnership plan to release a roadmap in 2024. The roadmap will outline steps to achieve carbon neutrality in China's cement sector. The GCCA, which published a global net-zero roadmap in 2021, will help develop this new plan, working alongside Sinoma International Engineering and the European Cement Research Academy.
Cement firms are also increasing their focus on sustainability in the Asia Pacific region. In the Philippines, Holcim has announced an investment of US$35 million in April 2024. The investment is directed towards sustainability initiatives across its four plants over the next three years. The investment will include US$17.5 million for its waste management arm over the medium term.

Indian cement manufacturers are continuing with their capacity expansion plans in 2024

Over the next five years, the demand for cement is expected to rise significantly in the Indian market. The projections come at the back of increased infrastructure spending by the government, rapid urbanization, and the upsurge in the demand for commercial space across India. To meet the demand and aid business growth, cement firms are continuing with their capacity expansion plans in 2024.
  • UltraTech Cement, for instance, revealed that the firm will be commissioning two new greenfield projects in India. Over the next three years, the firm is planning to invest INR 324 billion towards its capital expenditure. Over the medium term, the firm plans to have a total capacity of close to 200 mtpa.
  • Adani Group, which entered the cement market in 2022, is also on track to take up its grinding unit capacities. The firm, across Ambuja, ACC, and Sanghi, plans to have a capacity of 140 mtpa by fiscal year 2028. The current capacity for the group stands at 78.9 mtpa. Under the ongoing capacity expansion plan, 35 new units are projected to come up.
JK Cement is another firm that is seeking to expand its capacity in the Indian market. The firm incurred a capital expenditure of INR 11.7 billion in fiscal year 2024, and the outlay is expected to be around INR 18 to INR 19 billion over the next two fiscals.

The medium to long term growth story in region remains intact. The cement industry in region is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 2.8% during 2024-2028. The cement output in the region is expected to increase from US$ 248.33 billion in 2023 to reach US$ 286.11 billion by 2028.

This market intelligence report provides a detailed view of market opportunities in the cement industry. With over 50+ KPIs, covering construction markets, distribution channel, end-user, and products in each country, this databook offering primarily provides data-centric analysis with charts and tables.
  • Cement Market Dynamics: Provides a comprehensive data-centric view of size and structure, industry dynamics, and cement opportunities in the various end-user segments.
  • Distribution Channel: Provides an in-depth analysis of cement distribution channel across products at country level in value terms.
  • Cement Products: Provides demand analysis of market by 4 key segments: Portland Cement, Blended Cement, Specialty Cement, and Green Cement. This segment also includes in depth analysis of further sub-segments of 8 cement product types.
The research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.

This title is a bundled offering, combining the following 11 reports (300 tables and 470 charts):

  • Regional Report - Asia Pacific Cement Business and Investment Opportunities (2018-2028) Databook
  • Country Report 1 - China Cement Business and Investment Opportunities (2018-2028) Databook
  • Country Report 2 - India Cement Business and Investment Opportunities (2018-2028) Databook
  • Country Report 3 - Australia Cement Business and Investment Opportunities (2018-2028) Databook
  • Country Report 4 - Indonesia Cement Business and Investment Opportunities (2018-2028) Databook
  • Country Report 5 - Thailand Cement Business and Investment Opportunities (2018-2028) Databook
  • Country Report 6 - Malaysia Cement Business and Investment Opportunities (2018-2028) Databook
  • Country Report 7 - Philippines Cement Business and Investment Opportunities (2018-2028) Databook
  • Country Report 8 - Bangladesh Cement Business and Investment Opportunities (2018-2028) Databook
  • Country Report 9 - South Korea Cement Business and Investment Opportunities (2018-2028) Databook
  • Country Report 10 - Japan Cement Business and Investment Opportunities (2018-2028) Databook

Scope

This databook offering provides a detailed data-centric analysis of the cement industry, covering market opportunity, and industry dynamics by cement products and end-user, construction market and distribution channel at country and regional level.

In addition, it also provides market size of the cement products and its demand analysis at regional and country level in Asia Pacific. With over 50+ KPIs at the country level, this report provides comprehensive understanding of market dynamics at a more granular level.

Each regional and country databook provides the breakdown of the cement market as detailed below:

Cement Outlook: 10-year market size & forecast in value and volume

Cement Outlook by product type: 10-year market size & forecast in value and volume

  • Portland cement
  • Blended Cement
  • Portland Cement
  • Specialty Cement
  • Green Cement

Cement Market by type of Portland Cement, 2019-2028

  • Type IS (X), Portland-Slag Cement
  • Type IP (X), Portland-Pozzolan Cement
  • Type IL (X), Portland-Limestone Cement
  • Type IT, Ternary Blended Cement

Cement Market by type of Specialty Cement, 2019-2028

  • Rapid Hardening Cement
  • High Alumina Cement
  • White Cement
  • Sulphate Resistant Cement
  • Others

Cement Market by Key Markets, 2019-2028

  • Residential Buildings
  • Non-Residential Buildings
  • Infrastructure & Other Markets

Cement Market by Distribution Channel, 2019-2028

  • Direct Channel
  • Indirect Channel

Cement Market by End-User, 2019-2028

  • Ready-Mix Concrete Producers
  • Consumers
  • Concrete Product Manufacturers
  • Other End Users

Cement Market Share by Key Players, 2023

Cement Market Top Import Destinations, 2023

Cement Market Top Export Destinations, 2023

Reasons to buy

With over 50+ KPIs at the country and regional level, this report provides comprehensive understanding of market dynamics at a more granular level.
  • Provide In-depth Understanding of Cement Market Dynamics: Market opportunity, industry dynamics, key trends, restraints and drivers across 50+ market segments.
  • In Detail Segmentation of Cement Product Analysis: This report provides demand analysis for four segments of the cement market (Portland, Blended, Specialty, Green) covering 8 cement products, end-users (residential, non-residential, infrastructure), and distribution channels.
  • Develop Market-Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market-specific key trends, drivers, and risks in the cement industry.
  • Market Share Analysis: Understand the competitive landscape by identifying key players and their market share.
  • Import & Export Data: Gain insights into cement trade by knowing the top import and export destinations.

Table of Contents

This title is a bundled offering, combining the following 11 reports (300 tables and 470 charts):
1. China Cement Business and Investment Opportunities (2019-2028) Databook
2. India Cement Business and Investment Opportunities (2019-2028) Databook
3. Australia Cement Business and Investment Opportunities (2019-2028) Databook
4. Indonesia Cement Business and Investment Opportunities (2019-2028) Databook
5. Thailand Cement Business and Investment Opportunities (2019-2028) Databook
6. Malaysia Cement Business and Investment Opportunities (2019-2028) Databook
7. Philippines Cement Business and Investment Opportunities (2019-2028) Databook
8. Bangladesh Cement Business and Investment Opportunities (2019-2028) Databook
9. South Korea Cement Business and Investment Opportunities (2019-2028) Databook
10. Japan Cement Business and Investment Opportunities (2019-2028) Databook
11.Asia Pacific Cement Business and Investment Opportunities (2019-2028) Databook
All regional, and country reports mentioned above will have the following tables of contents
1. About this Report
1.1 Introduction
1.2 Research Methodology
1.3 Definitions
1.4 Disclaimer
2. Cement Industry Dynamics and Growth Prospects
2.1 Cement Industry Market Size and Forecast By Value, 2019 - 2028
2.2 Cement Industry Market Size and Forecast By Volume, 2019 - 2028
3. Cement Market Dynamics by type
3.1 Market Share Trend Analysis by Type of Cement, 2019 - 2028
3.2 Portland cement Market Size and Forecast, 2019 - 2028
3.3 Blended Cement Market Size and Forecast, 2019 - 2028
3.4 Speciality Cement Market Size and Forecast, 2019 - 2028
3.5 Green Cement Market Size and Forecast, 2019 - 2028
4. Blended Cement Type Demand Analysis and Outlook
4.1 Market Share Trend Analysis by Blended Cement Type, 2019 - 2028
4.2 Type IS (X), Portland-Slag Cement Market Size and Forecast, 2019 - 2028
4.3 Type IP (X), Portland-Pozzolan Cement Market Size and Forecast, 2019 - 2028
4.4 Type IL (X), Portland-Limestone Cement Market Size and Forecast, 2019 - 2028
4.5 Type IT, Ternary Blended Cement Market Size and Forecast, 2019 - 2028
5. Speciality Cement Type Demand Analysis and Outlook
5.1 Market Share Trend Analysis by Speciality Cement Type, 2019 - 2028
5.2 Rapid Hardening Cement Market Size and Forecast, 2019 - 2028
5.3 High Alumina Cement Market Size and Forecast, 2019 - 2028
5.4 White Cement Market Size and Forecast, 2019 - 2028
5.5 Sulphate Resistant Cement Market Size and Forecast, 2019 - 2028
5.6 Other Cement Market Size and Forecast, 2019 - 2028
6. Cement Dynamics and Outlook by Distribution Channel
6.1 Market Share Trend Analysis by Distribution Channel, 2019 - 2028
6.2 Direct Distribution Channel Cement Market Size and Forecast, 2019 - 2028
6.3 Indirect Distribution Channel Cement Market Size and Forecast, 2019 - 2028
7. Cement Dynamics and Outlook by Markets
7.1 Market Share Trend Analysis by Cement Markets, 2019 - 2028
7.2 Cement in Residential Market Size and Forecast, 2019 - 2028
7.3 Cement in Non-residential Market Size and Forecast, 2019 - 2028
7.4 Cement in Infrastructure & Other Markets Size and Forecast, 2019 - 2028
8. Residential Cement Market Dynamics and Outlook
8.1 Market Share Trend Analysis by Residential Cement by Construction Stage, 2019 - 2028
8.2 Renovation in Residential Market Size and Forecast, 2019 - 2028
8.3 New construction in Residential Market Size and Forecast, 2019 - 2028
9. Non-Residential Cement Market Dynamics and Outlook
9.1 Market Share Trend Analysis by Non-Residential Cement by Construction Stage, 2019 - 2028
9.2 Renovation in Non-Residential Construction Market Size and Forecast, 2019 - 2028
9.3 New construction in Non-Residential Cement Market Size and Forecast, 2019 - 2028
10. Infrastructure & Other Cement Market Dynamics and Outlook
10.1 Market Share Trend Analysis by Infrastructure & Other Cement by Construction Stage, 2019 - 2028
10.2 Renovation in Infrastructure & Other Market Size and Forecast, 2019 - 2028
10.3 New construction in Infrastructure & Other Cement Market Size and Forecast, 2019 - 2028
11. Cement Dynamics and Outlook by End-User
11.1 Market Share Trend Analysis by Cement End-User, 2019 - 2028
11.2 Ready-Mix Concrete Producers Cement Market Size and Forecast, 2019 - 2028
11.3 Consumers Cement Market Size and Forecast, 2019 - 2028
11.4 Concrete Product Manufacturers Cement Market Size and Forecast, 2019 - 2028
11.5 Others Cement Market Size and Forecast, 2019 - 2028
12. Cement Market Share by Key Players, 2023
13. Construction Cement Import and Export Analysis by Countries
13.1 Top Cement Export Destinations, 2023
13.2 Top Cement Import Destinations, 2023
This bundled offering has 46 figures across 11 regional and country reports. All regional and country reports will have the following figures:
Figure 1: Research Methodology
Figure 2: Cement - Market Size (USD Million), 2019-2028
Figure 3: Cement - Market Size (Million Tons), 2019-2028
Figure 4: Cement - Market Share Trend Analysis by Type of Cement (%), 2023
Figure 5: Portland Cement - Market Sizeby value (USD Million), 2019-2028
Figure 6: Portland Cement - Market Size by volume (Thousand Tons), 2019-2028
Figure 7: Blended Cement - Market Size by value (USD Million), 2019-2028
Figure 8: Blended Cement - Market Size by volume (Thousand Tons), 2019-2028
Figure 9: Speciality Cement - Market Size by value (USD Million), 2019-2028
Figure 10: Specialty Cement - Market Size by volume (Thousand Tons), 2019-2028
Figure 11: Green Cement - Market Size by value (USD Million), 2019-2028
Figure 12: Green Cement - Market Size by volume (Thousand Tons), 2019-2028
Figure 13: Market Share Trend Analysis by Blended Cement Type (%), 2023
Figure 14: Type IS (X), Portland-Slag Cement - Market Size (USD Million), 2019-2028
Figure 15: Type IP (X), Portland-Pozzolan Cement - Market Size (USD Million), 2019-2028
Figure 16: Type IL (X), Portland-Limestone Cement - Market Size (USD Million), 2019-2028
Figure 17: Type IT, Ternary Blended Cement- Market Size (USD Million), 2019-2028
Figure 18: Market Share Trend Analysis by Speciality Cement Type (%), 2023
Figure 19: Rapid Hardening Cement - Market Size (USD Million), 2019-2028
Figure 20: High Alumina Cement - Market Size (USD Million), 2019-2028
Figure 21: White Cement - Market Size (USD Million), 2019-2028
Figure 22: Sulphate Resistant Cement - Market Size (USD Million), 2019-2028
Figure 23: Other Cement - Market Size (USD Million), 2019-2028
Figure 24: Market Share Trend Analysis by Distribution Channel (%), 2023
Figure 25: Direct Distribution Channel Cement - Market Size (USD Million), 2019-2028
Figure 26: Indirect Distribution Channel Cement - Market Size (USD Million), 2019-2028
Figure 27: Market Share Trend Analysis by Cement Markets (%), 2023
Figure 28: Cement In Residential - Market Size (USD Million), 2019-2028
Figure 29: Cement In Non-residential - Market Size (USD Million), 2019-2028
Figure 30: Cement in Infrastructure & Other - Market Size (USD Million), 2019-2028
Figure 31: Market Share Trend Analysis by Residential Market by Construction Stage (%), 2023
Figure 32: Renovation in Residential Market Cement - Market Size (USD Million), 2019-2028
Figure 33: New Construction in Residential Cement - Market Size (USD Million), 2019-2028
Figure 34: Market Share Trend Analysis by Non-Residential Market by Construction Stage (%), 2023
Figure 35: Renovation in Non-Residential Cement - Market Size (USD Million), 2019-2028
Figure 36: New Construction in Non-Residential Cement - Market Size (USD Million), 2019-2028
Figure 37: Market Share Trend Analysis by Infrastructure & Other by Construction Stage (%), 2023
Figure 38: Renovation in Infrastructure & Other Cement - Market Size (USD Million), 2019-2028
Figure 39: New Construction in Infrastructure & Other Cement - Market Size (USD Million), 2019-2028
Figure 40: Market Share Trend Analysis by Cement End-User (%), 2023
Figure 41: Ready-Mix Concrete Producers Cement - Market Size (USD Million), 2019-2028
Figure 42: Consumers Cement - Market Size (USD Million), 2019-2028
Figure 43: Concrete Product Manufacturers Cement - Market Size (USD Million), 2019-2028
Figure 44: Others Cement - Market Size (USD Million), 2019-2028
Figure 45: Cement Market Share by Key Players, 2023
Figure 46: Top Cement Export Destinations, 2023
Figure 47: Top Cement Import Destinations, 2023
This bundled offering has 34 tables across 11 regional and country reports. All regional and country reports will have the following tables:
Table 1: Cement - Market Size by value (USD Million), 2019-2028
Table 2: Cement - Market Size by volume (Million Tons), 2019-2028
Table 3: Portland Cement - Market Size by value (USD Million), 2019-2028
Table 4: Portland Cement - Market Size by volume (Thousand Tons), 2019-2028
Table 5: Blended Cement - Market Size by value (USD Million), 2019-2028
Table 6: Blended Cement - Market Size by volume (Thousand Tons), 2019-2028
Table 7: Specialty Cement - Market Size by value (USD Million), 2019-2028
Table 8: Specialty Cement - Market Size by volume (Thousand Tons), 2019-2028
Table 9: Green Cement - Market Size by value (USD Million), 2019-2028
Table 10: Green Cement - Market Size by volume (Thousand Tons), 2019-2028
Table 11: Type IS (X), Portland-Slag Cement - Market Size (USD Million), 2019-2028
Table 12: Type IP (X), Portland-Pozzolan Cement - Market Size (USD Million), 2019-2028
Table 13: Type IL (X), Portland-Limestone Cement - Market Size (USD Million), 2019-2028
Table 14: Type IT, Ternary Blended Cement- Market Size (USD Million), 2019-2028
Table 15: Rapid Hardening Cement - Market Size (USD Million), 2019-2028
Table 16: High Alumina Cement - Market Size (USD Million), 2019-2028
Table 17: White Cement - Market Size (USD Million), 2019-2028
Table 18: Sulphate Resistant Cement - Market Size (USD Million), 2019-2028
Table 19: Other Cement - Market Size (USD Million), 2019-2028
Table 20: Direct Distribution Channel Cement - Market Size (USD Million), 2019-2028
Table 21: Indirect Distribution Channel Cement - Market Size (USD Million), 2019-2028
Table 22: Cement In Residential - Market Size (USD Million), 2019-2028 37
Table 23: Cement In Non-residential - Market Size (USD Million), 2019-2028
Table 24: Cement In Infrastructure & Other - Market Size (USD Million), 2019-2028
Table 25: Renovation in Residential Cement - Market Size (USD Million), 2019-2028
Table 26: New Construction in Residential Cement - Market Size (USD Million), 2019-2028
Table 27: Renovation in Non-Residential Cement - Market Size (USD Million), 2019-2028
Table 28: New Construction in Non-Residential Cement - Market Size (USD Million), 2019-2028
Table 29: Renovation in Infrastructure & Other Cement - Market Size (USD Million), 2019-2028
Table 30: New Construction in Infrastructure & Other Cement - Market Size (USD Million), 2019-2028
Table 31: Ready-Mix Concrete Producers Cement - Market Size (USD Million), 2019-2028
Table 32: Consumers Cement - Market Size (USD Million), 2019-2028
Table 33: Concrete Product Manufacturers Cement - Market Size (USD Million), 2019-2028
Table 34: Others Cement - Market Size (USD Million), 2019-2028