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Early in the new millennium, China’s cement industry expanded quickly to keep up with the country’s fast urbanisation drive.
A major overshoot, however, led to an abundance of buildings, occasionally entire abandoned cities, and a massive overproduction of cement.
The Chinese National Bureau of Statistics (NBSC) issued a formal warning that too much cement was being produced, and the State Council of China published a “Guideline to tackle significant production overcapacity” in, which included the cement industry.
The Chinese Cement Association (CCA) also created strategies to encourage mergers and acquisitions in the industry at the same time.
The China Cement market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
The forced closure of outdated capacity, prohibitions on new facilities and expansions, and compulsory campaign production around important cities have all been used as means of reducing production.
Each of these has coincided with China’s heightened attention to the environment. An estimated 340 Mt/yr of capacity was eliminated due to a prohibition on imported 32.5 grade cement.
The People’s Republic of China is the most populated nation in the world and has the second-biggest economy after the United States. It is also a prominent industrial power, and although its exact size is debatable, it has the largest cement industry globally.
Regardless of its size, the nation’s enormous cement production capacity has supported enormous government-led infrastructure and settlement. China is also one of the top exporters of cement worldwide.
