CRI team visits Contech Vietnam 2023

Contech Vietnam 2023 Vietnam Construction Machinery Exhibition was held at the National Architecture and Planning Exhibition Hall in Hanoi, the capital of Vietnam, from April 21 to 24, 2023. More than 100 companies from all over the world participated in the exhibition.

Colleagues from CRI （元哲咨询） went to Vietnam from Shanghai, visited the exhibition, interviewed more than 20 exhibitors, and recorded videos, including Vietnamese local enterprises, Chinese-funded enterprises, and Malaysian enterprises and other projects in the South Vietnam market Machinery-related companies.

On April 23, 2023, the colleagues of Yuanzhe Consulting went to the site of Contech Vietnam 2023.

Our Staff interviewed and communicated with the heads of more than 20 construction machinery companies at the Contech 2023 exhibition site, including local Vietnamese companies and Chinese companies. Brands and talks about the future development prospects of Vietnam’s construction machinery industry.

Vietnam Construction Machinery Market Size

According to the forecast of CRI Report, with the growth of Vietnam’s economy and the acceleration of infrastructure construction, the market size of Vietnam’s construction machinery will reach about 9.4 billion US dollars in 2032, and the compound annual growth rate (CAGR) from 2023 to 2032 will reach as high as 18%.

According to the research conducted by CRI Team on exhibitors, most companies are optimistic about the development prospects of Vietnam’s construction machinery industry and plan to invest more human resources and capital in the Vietnamese market.

According to the analysis of CRI Report, Vietnam’s construction machinery industry started relatively late and did not start to develop until the 1980s. At that time, the Vietnamese government began to implement economic reform policies and introduced a large amount of foreign capital, including construction machinery manufacturing enterprises. With the rapid development of Vietnam’s economy in recent years, the construction of infrastructure, such as roads, bridges, and urban rail transit, has accelerated, and Vietnam’s construction machinery industry has also accelerated its development.

On the one hand, Vietnam has gradually become an important construction machinery consumer market. At the same time, due to the low cost of production factors such as human resources, land, and energy in Vietnam, more and more foreign-funded enterprises have entered Vietnam’s construction machinery industry and established machine assembly enterprises or construction machinery parts manufacturing enterprises. The products of these enterprises are not only sold in Vietnam, but also exported to all over the world.

Major Construction Machinery Enterprises in Vietnam

According to the analysis of CRI Report, the major enterprises in Vietnam’s construction machinery industry are as follows:

Vinacomin Machinery Company : Founded in 1993, it is a local Vietnamese company that mainly produces mining machinery and construction machinery.

Sao Mai Machinery Company : Founded in 1990, it is a local Vietnamese company that mainly produces construction machinery and mining machinery.

Doosan Vietnam Company : Founded in 2006, it is a subsidiary of South Korean Doosan Group in Vietnam, mainly producing heavy machinery and equipment.

Hitachi Construction Machinery Vietnam Company : Established in 2012, it is a subsidiary of the Japanese Hitachi Group in Vietnam, mainly producing excavators, bulldozers and other construction machinery.

Caterpillar Vietnam : Founded in 1994, it is a subsidiary of American Caterpillar in Vietnam. It mainly produces excavators, bulldozers and other construction machinery.

Import and Export Status of Vietnam construction machinery industry

According to the analysis of CRI Report, Vietnam’s construction machinery industry currently relies heavily on imports, and complete machines and parts are mainly imported from China, Japan, South Korea and other countries. However, according to Yuanzhe Consulting’s interviews with construction machinery companies in the Vietnamese market, more and more construction machinery companies plan to set up factories in Vietnam. Therefore, it is expected that in 2023-2032, the dependence of Vietnam’s construction machinery industry on imported products will gradually decrease. 

Research Report on Southeast Asia Construction Machinery Industry 2023-2032

Topics Covered

• Southeast Asia Construction Machinery Industry Status and Major Sources in 2018-2022
• What is the Impact of COVID-19 on Southeast Asia Construction Machinery Industry?
• Which Companies are the Major Players in Southeast Asia Construction Machinery Industry Market and What are their Competitive Benchmarks?
• Key Drivers and Market Opportunities in Southeast Asia Construction Machinery Industry
• What are the Key Drivers, Challenges, and Opportunities for Southeast Asia Construction Machinery Industry during 2023-2032?
• What is the Expected Revenue of Southeast Asia Construction Machinery Industry during 2023-2032?
• What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
• What are the Competitive Advantages of the Major Players in Southeast Asia Construction Machinery Industry Market?
• Which Segment of Southeast Asia Construction Machinery Industry is Expected to Dominate the Market in 2032?
• What are the Major Adverse Factors Facing Southeast Asia Construction Machinery Industry?

Full Report: Research Report on Southeast Asia Construction Machinery Industry 2023-2032

The post CRI Insights on Contech Vietnam 2023 and Construction Machinery Industry Trend in Vietnam first appeared on CRI Report.

However, as the world begins to recover from the pandemic and economies reopen, the construction market is expected to pick up. Governments and private companies are expected to invest in infrastructure and construction projects to stimulate economic growth, which could provide a boost to the construction industry.

Additionally, the pandemic has highlighted the importance of resilient and sustainable buildings and infrastructure, which could lead to increased demand for construction projects that prioritize sustainability and energy efficiency.

Overall, while the COVID-19 pandemic has presented challenges for the construction industry, there are also opportunities for growth and innovation in the coming years.

Fastest Growing Regions

The fastest growing construction market can vary depending on various factors such as government policies, economic conditions, and infrastructure needs. However, according to some reports and projections, the Asia-Pacific region is expected to have the highest growth rate in the construction market in the coming years.

Southeast Asia Construction Industry

with the development of Southeast Asia’s economy, the infrastructure construction and real estate sectors continue to grow, contributing to the growth of the construction industry.

The development of the construction industry in Southeast Asian countries varies greatly, such as Vietnam and Indonesia, where the construction industry is growing rapidly. While the construction industry in countries such as Myanmar and Cambodia are relatively backward.

According to CRI forecast, the construction industry in Southeast Asia will continue to grow from 2023-2032. Relatively cheap labor and land costs have attracted a large number of foreign investors to shift production capacity to Southeast Asia, foreign trade has expanded, and the development of industrial real estate, commercial real estate and infrastructure sectors has boosted the construction industry. On the other hand, with the economic growth in Southeast Asia, the real estate industry is also growing rapidly, promoting the development of the construction industry.

Related Report:Research Report on Southeast Asia Construction Industry 2023-2032

This is due to several factors, including a rapidly growing population, increasing urbanization, and rising demand for infrastructure and housing. Countries such as China, India, and Indonesia are expected to be the primary drivers of this growth, as they continue to invest heavily in large-scale infrastructure projects.

It is worth noting that the Southeast Asian construction machinery market has become popular with electric products. Such as Komatsu (Japanese-owned enterprises) and Sany Heavy Industries (Chinese-owned enterprises) and other companies have begun to sell fuel and electric hybrid hydraulic excavators in Indonesia.

Research Report on Southeast Asia Construction Machinery Industry 2023-2032

Other regions such as the Middle East and Africa are also expected to experience significant growth in the construction market due to their focus on infrastructure development and modernization. However, the pace and extent of growth may depend on various factors such as political stability, investment policies, and market demand.

Construction Related Market

The trends for construction related industries can vary depending on the specific sector, but there are some common themes that are shaping the industry as a whole.

Construction Additives Market

Additives utilized in construction are synthetic mixtures and mineral powders that work on the exhibition of building supplies. Additives in the construction business are usually used to work on the strength and life span of concrete, mortar, and other structural materials. Concrete additives are intensifies used to expand the strength and execution of cement. For instance, some construction additives lessen how much water is utilized for concrete, assisting with safeguarding regular assets.

The Construction Additives market is projected to be worth USD 38.96 billion by 2030, enrolling a CAGR of 7.76% during the gauge time frame.

Construction Additives Market Report Forecast 2030

In 2021, the Asia-Pacific region held the greatest market share at 38.25%. One of the essential elements driving the construction additives market is the rising development in the construction area. The region’s popularity for private and non-private designs extensively affects the demand for construction additives, as they are utilized in the floors and walls of structures.

Construction Equipment Market

The global construction equipment market is anticipated to register a significant market expansion of 4.63% during the review period to reach a market value of USD 134,363.8 million by 2026.

Construction Equipment Market – Forecast to 2026

The global market growth is set off by different variables such as increment in foundation speculations post-COVID-19 pandemic is probably going to fuel the interest in developing hardware and expanding interests in the metropolitan framework is supposed to drive the development area, and accordingly is supposed to support the development gear market during the estimate time frame. Nevertheless, the accelerating raw material prices are expected to restrain the market during the forecast period.

The construction equipment market expansion is propelled by the technical advancements in the construction industry and their use. Additionally, the infrastructural expansion and rapid urbanization are enhancing market growth. The largest end-use market for this product is infrastructure, especially in developing countries such as India, China, and Brazil. Moreover, the highest growth is experienced by the construction equipment market due to the heavy investments done in the infrastructure market. Also, the aim of accommodating smart commercial and residential infrastructure is fuelling the market in the future.

Southeast Asia Construction Machinery Industry

The machinery and equipment used to complete various construction projects are collectively called construction machinery. Construction machinery is divided into several categories such as excavation machinery, earth-moving machinery, construction cranes, industrial vehicles, compaction machinery and concrete machinery.

According to CRI analysis, Southeast Asian countries generally have the problem of weak basic industry, so construction machinery products mainly rely on imports, such as low-end construction machinery from China, medium and high-end construction machinery imported from Japan and Germany.

CRI expects the construction machinery market in Southeast Asia to maintain growth in 2023-2032. On the one hand, the lower operating costs in Southeast Asian countries attract global construction machinery enterprises to transfer their production capacity to Southeast Asia and build factories in Southeast Asia. In addition, there are many companies will export construction machinery products to Southeast Asia.

Related Report: Research Report on Southeast Asia Construction Machinery Industry 2023-2032

Europe Construction Aggregate Market 

Construction aggregates or aggregates are granular materials used in construction including crushed stones, gravel, sand, M-sand, and other aggregate materials. Furthermore, aggregates are a component of composite materials such as concrete and asphalt—the aggregate serves as reinforcement to add strength to the overall composite material.

The Europe construction aggregate market is projected to grow at 3.6% CAGR during the forecast period, 2018–2027.

Europe Construction Aggregate Market Research Report Forecast to 2027

The Europe construction aggregate market is rapidly growing due to rising investments in smart city projects and an increase in residential construction projects. However, the regional market’s growth is likely hampered by the heavy pollution created during aggregate production. On the other hand, the use of recycled construction aggregates from demolition waste in structural concrete is likely to present a growth opportunity for the players in the European market.

Silicone Water Repellent for Construction Market

Silicone water-repellent products offer technical solutions for masonry protection of different materials like brick, stone, concrete, cement cladding, granite, and marble. Silicone water repellent can provide durability and a deep-seated water-proof barrier while maintaining the breathability and porosity of the surface materials and has a low maintenance cost.

North America, Japan, & Europe silicone water repellent for construction market is projected to register a CAGR of 7.19% to reach USD 736.50 million by the end of 2030. 

North America, Japan, & Europe Silicone Water Repellent for Construction Market Forecast to 2030

The North America, Japan, & Europe silicone water repellent for construction market is expected to register healthy growth during the forecast period, 2021–2030. The prominent factor driving the growth of the North AMERICA, JAPAN, & EUROPE silicone water repellent is the growth of the construction industry, which is resulting in increased demand for silicone water repellent in end-use applications.

Thermal Ceramics Market

The global thermal ceramics market’s expansion is mostly dependent on advancements in the building industry. The requirement to construct thermally insulated areas can only be satisfied by using thermal ceramics such as insulation bricks or ceramic fibers, which is driving market demand. The use of thermal ceramics in mining and metal processing has also played a significant role in market growth in the past and is expected to continue to do so in the future.

Global Thermal Ceramics Market to surpass USD 8.2 billion by 2030 from USD 4.5 billion in 2020 at a CAGR of 5.4% in the coming years, i.e., 2021-30.

Thermal Ceramics Market : Segmented by Type (Ceramic fabric and insulation brick), By End user (Mining & metal processing, chemicals & petrochemicals, construction, manufacturing, power generation, aerospace and Others), and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030

Thermal ceramics have also been used extensively in the chemical sector for both testing and the production of critical products. The carcinogenic quality of ceramic fibres is a critical problem limiting the expansion of the thermal ceramics business. Various countries have enacted strict laws regarding the use of ceramic fibres and workplace exposure to alumina and silica.

What’s the trend for construction related industries?

One major trend is the increasing focus on sustainability and green building practices. With a growing awareness of the impact of construction on the environment, there is a demand for more sustainable building materials, designs, and construction methods. This trend is expected to continue, with more emphasis on reducing carbon emissions and promoting energy efficiency.

Another trend is the use of technology and innovation in the construction industry. From Building Information Modeling (BIM) to 3D printing and drones, technology is transforming the way construction projects are planned, designed, and executed. This trend is expected to accelerate, with more companies investing in digital tools and solutions to increase efficiency, reduce costs, and improve safety.

The COVID-19 pandemic has accelerated the adoption of remote work and digital solutions in the construction industry. As a result, there is a growing focus on virtual collaboration tools, remote site monitoring, and other technologies that can help companies stay connected and productive in a remote work environment.

Global Construction Software Market

Software used in the construction industry processes data to carry out various tasks inside buildings or to gather a design or framework that helps the client increase its productivity, seriousness, and efficiency. It facilitates planning and scheduling various tasks for building projects as well as implementing the planned techniques to fabricate the design. Additionally, construction software systems can handle tasks that were formerly controlled by general project workers, building owners, plan engineers, design subcontractors for hire, and specialty contractors for hire.

The market for construction software is anticipated to register a healthy CAGR of 9.5% during the review period. 

Global Construction Software Market Research Report- Forecast till 2030

Applications across industries have demonstrated the value of innovation reception. The technology solutions specifically designed for the construction industry include cloud-based executives and project board software, to name a few examples combined with virtual and augmented reality, independent equipment, AI and artificial intelligence, IoT, vision analysis, and other technologies. As a result, the business’ operating society has undergone a significant shift from pen and paper to specific and committed software arrangements. This computerised change process has temporarily halted and is having a significant negative impact on the IT company that provided specific solutions for the building industry.

3D Reconstruction Technology Market

3D reconstruction is the procedure of catching the shape and look of genuine articles in PC vision and PC illustrations. Dynamic or aloof strategies can be utilized to finish this cycle. Non-unbending or Spatio-worldly reconstruction happens when the model is allowed to alter its shape after some time.

High reception of 3d technology in the support of social legacy and exhibition halls: High reception of 3D reconstruction technology in the upkeep of social legacy and historical centers and the making of movies and games is a key element driving the market development of the global 3D reconstruction technology market over the figure period. The use of 3D reconstruction technology, remembering the utilization for different historical centers and displays to improve the guest experience by offering augmented reality encounters, is supposed to fuel the market development.

The global 3D reconstruction technology market is anticipated to witness an approximate CAGR of 14.1 % to surpass the largest market value of USD 1,864.26 Million by the end of 2028.

3D Reconstruction Technology Market Forecast 2028

AI in Construction Market

There are several examples of projects that fall due to inaccurate planning, particularly in large construction projects such as infrastructure buildings. This is where generative design, an exploration process based on AI technology, comes into play.

An AI-based system, with access to a database of many previously built building plans, can develop alternative designs based on the knowledge gained from the database plans. Designers and engineers may simply insert design objectives into the generative design software along with parameters such as spatial specifications, efficiency, materials, cost constraints, and many more.

Global AI in the construction market is estimated to exceed USD 2638.53 million by 2030 from USD 406 million in 2019 at a CAGR of 18.94% during the forecast period i.e. 2020-2030.

Global AI in Construction Market Analysis and Forecast Report 2030

Artificial Intelligence has been very beneficial to the construction industry in recent years, particularly in pre-construction phases such as planning and design, allowing for advanced capabilities in building information modeling and generative design.

Furthermore, major developments in surveillance, monitoring, and maintenance systems that use AI capabilities to predict and warn of adverse circumstances are increasingly increasing the role of AI-based technology in the construction sector.

The post How will construction market go after covid-19? first appeared on CRI Report.

Gloabl Vinyl Flooring Market to surpass USD 61.24 billion by 2030 from USD 29.58 billion in 2020 at a CAGR of 7.55% in the coming years, i.e., 2021-30, according to our Gloabl Vinyl Flooring Market Report

What is Vinyl flooring?

Vinyl flooring is a product composed of several layers of different materials sandwiched together to form a highly durable, practical and affordable floor covering. The two main types of vinyl flooring are Luxury Vinyl Tiles (LVT) and vinyl roll. Both LVT and vinyl roll are made from the same materials, however, they’re constructed differently to produce different effects.

Vinyl Flooring Is Becoming Popular

Vinyl flooring is becoming a more and more popular choice among homeowners today. Aside from keeping consumers’ budget intact, this can also make your floor look beautiful and stunning.

Why Vinyl Flooring is Popular?

Vinyl flooring is a flexible synthetic flooring material that’s water and stain-resistant. Vinyl flooring is cost-effective and offers a variety of benefits such as durability, flexibility in handling, and design options, making it ideal for usage in hospitals, schools, businesses, and homes.

Furthermore, because vinyl flooring is easy to walk on and decreases impact noise, it is commonly used as a substitute for more high-maintenance flooring such as carpet. Advanced print and texture techniques are now available, allowing vinyl flooring to replicate the look of a range of flooring alternatives such as hardwood, marble, stone, and so on

Pricing – As mentioned earlier, vinyl flooring is priced fairly to accommodate even the tightest budgets. This way, you can allot your budget on other areas of your interior design.

Installation – Probably one of the biggest benefits of vinyl flooring is that this can be installed almost anywhere. Most of the time, you can even install it over your existing floor. It can then help you save money on hacking & demolition fees. This eliminates the need to repair your existing floor or tearing it out, which again translates to money savings.

Sturdiness – Vinyl flooring can perform exceptionally well even in kitchens where moisture is usually present. You can expect that this can last for a long time and remain sturdy after several years. Since vinyl is softer compared to wood or tiles, this is also perfect for families with young kids and pets.

Appearance – Vinyl flooring designs are getting nicer and more modern every year. You can now find one that looks like real stones or tiles, and some might even make it difficult even for the most observant eyes to identify if the floor is vinyl or not.

What is the Gloabl Vinyl Flooring Market size?

According to our recent research : Gloabl Vinyl Flooring Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030, Gloabl Vinyl Flooring Market to surpass USD 61.24 billion by 2030 from USD 29.58 billion in 2020 at a CAGR of 7.55% in the coming years, i.e., 2021-30.

We beak down Gloabl Vinyl Flooring Market:

• By Product Outlook (Vinyl Sheets, Vinyl Tiles, Luxury Vinyl Tiles);
• By Application Outlook (Residential, Commercial) and,
• By Region (North America, Latin America,Europe,Asia Pacific,Middle East and Africa)

Vinyl Flooring market is segmented by Application Outlook into Residential and commercial. Among these, the Commercial category had the highest revenue share in2019. Commercial construction segments like hotels and retail malls are projected to be the primary consumers of these tiles since they are both cost-effective and attractive.

The growing influence of designers and architects in the usage of vinyl flooring in commercial applications is projected to drive up demand for the product. These products’ ease of cleaning and sterilization, as well as their attractive designs and slip and water resistance, are expected to drive their demand in commercial applications throughout the forecast period.

What is the leading regional vinyl flooring market?

In terms of both volume and revenue, Asia Pacific led the market in 2019, and this trend is expected to continue during the forecast period. Ceramic tiles have traditionally dominated the Asian flooring industry; however, changing consumer tastes that require product variety and improved designs are anticipated to have a beneficial influence on market growth. China is the region’s largest construction market, as well as the largest vinyl flooring consumer. Changing building and construction trends in the region, which are leading to the development of modern architecture structures, are expected to boost the market growth.

Which country makes the most vinyl floor?

China is the most largest producer of vinyl flooring, and there are many enterprises engaged in vinyl flooring production.

• More than 95% of the SPC and WPC are made in China.
• More than 70% of LVT and LVP are made in China
• More than 40% of Vinyl sheet is made in China.

China is also the largest construction market in Asia as well as the largest vinyl flooring consumer. Changing building and construction trends in the region, which are leading to the development of modern architecture structures, are expected to boost the market growth.

What is the North America vinyl flooring market outlook?

North America vinyl flooring market is currently being driven by several factors. The demand in the region is spurred by numerous advantages of vinyl flooring, such as easy installation and maintenance, cost-effectiveness, and moisture-resistance. Apart from this, rising technological advancements in the manufacturing process have also led to a growth in the vinyl flooring market in terms of the performance, installation and design. Additionally, due to the rising per capita incomes and standards of living, the demand for vinyl flooring products has increased in the region. Moreover, the rising renovation activities have induced growth in the vinyl flooring market.

What are major drivers for Gloabl Vinyl Flooring Market?

Increasing disposable income

Consumers’ disposable earnings have risen in recent years, allowing them to upgrade their lifestyles and invest in lavish housing projects and other infrastructure improvements. Furthermore, customers believe that a well-decorated house is a mark of status, and as a result, they have begun to improve flooring solutions such as vinyl flooring in order to improve their social image.

Increasing infrastructure construction

With the global economy recovering and stabilizing, the construction sector in developing countries such as Asia, Africa, Eastern Europe, and Latin America is anticipated to rise steadily over the next five years. The current state of urban infrastructure in these areas is insufficient to meet the needs of the urban population. As a result, there is a need for urban regeneration in existing cities as well as the construction of new, inclusive smart cities, both of which will help the vinyl flooring market thrive in the near future.

Who are the leading players in Gloabl Vinyl Flooring Market?

• Tarkett
• Mohawk
• Armstrong World Industries Inc.
• Shaw Industries Inc.
• Mannington Mills Inc.
• Beaulieu International Group
• Gerflor
• Forbo

In the report: Gloabl Vinyl Flooring Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030,  we anlyzed each company listed above with “Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis”.

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The post Gloabl Vinyl Flooring Market Analysis-Market Size, Market Players,Regional Analysis and Outlook first appeared on CRI Report.

Market Highlights

The global calcined Bauxite Market is projected to be valued at USD 2,159 million by the end of 2028,registering a CAGR of more than 5.15%during the forecast period.

Calcined bauxite is produced by sintering high alumina bauxite at temperatures between 1,600 to 1,800°C. Calcined bauxite is an ideal choice of material used in the production of various types of refractory materials. This is attributed to its ability to withstand extremely high temperatures and corrosive environments prevailing inside the blast furnaces. In addition to this, calcined bauxite is widely used in producing a variety of abrasives on account of its high grain hardness and angular shape.

The key driver of the global calcined bauxite market is its extensive use for brown fused alumina, further used to produce refractory materials. Brown fused alumina is produced by mixing calcined bauxite, anthracite, and iron filings, and additives in specific proportions to be heated together at about 2,250℃ temperature.Brown fused alumina is an extremely hard material with high bulk density and a nine on the Mohs scale of mineral hardness. The growing use of high alumina refractories in the steel production process is likely to fuel up the demand for the calcined bauxite market over the forecast period. This growth can be attributed to the high demand for steel across end-use industries such as construction, automotive, and aerospace.

In addition to this, brown fused alumina is used in the production of abrasives such as grinding wheels, sandpaper, and blasting media is projected to provide an additional boost to the product demand.Brown fused alumina is widely used to produce a wide range of refractory materials on account of its corrosion resistance and thermal resistance.

COVID Impact Analysis

The market witnessed a negative impact on account of the dependency of major calcined bauxite manufacturers located in North America, Europe, regions ofChina, India, and Guinea. The disruption in shipping networks created an acute shortage of bauxite in the market, thereby resulting in increased input costs for calcined bauxite manufacturers. The outbreak of the COVID-19 pandemic and subsequent implementation of lockdown strategies across the globe affected the logistics networks, which had a direct effect on the supply-demand of calcined bauxite to the world.

Segment Analysis

The global calcined Bauxite Market has been segmented on the basis of purity, application, and region.

Based on the purity, the global calcined bauxite market is bifurcated into high purity and low purity. The high purity segment was valued at USD 1,074.59 million in 2020 and emerged as the faster-growing segment registering a significant CAGR during the assessment period. Refractory grade bauxites, also known as high purity bauxites, have a high alumina content and low alkali content with low impurities (iron oxide and titania specifically), ensuring stable temperature strength. Key applications of high purity calcined bauxite include high alumina refractory bricks and castables for the iron & steel, cement, glass, and oil industries.

On the basis of application, the global calcined bauxite market is segmented into abrasives, refractory materials, metallurgy, road surfacing, and others. Among these, the refractory materials segment accounted for a significant market share in 2020. Refractory bauxite is produced by sintering raw bauxite at more than 1,500°C, which results in a high aluminum content and low impurity. It is widely used to manufacture shaped and unshaped refractory products for the steel industry, foundries, glass, and cement plants.

Key Findings of the Study:

• • The global calcined Bauxite Market is projected to reach a value of USD 2,159 million by 2028,at a CAGR of around 5.15% during the forecast period from 2021 to 2028.

• • Asia-Pacific accounted for the largest market share in 2020 due to the presence of large bauxite ores in countries such as China, India, and Australia.

• • Latin America is expected to be the second-fastest growing regional market registering a CAGR of over 5%.

• • The market in the Middle East & Africa is likely to witness significant growth owing to Guinea being a key contributor to bauxite production.

• • The growing use of renewable energy in the calcination process is a key opportunity for the players engaged in the global calcinated bauxite market.

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The post Growing Demand for Brown Fused Alumina To Drive the Global Calcined Bauxite Market first appeared on CRI Report.

In 2018, the Chinese construction equipment market performed well, with the production and sales of staple products growing rapidly. According to the data from relevant departments of the Chinese government, from Jan. to Nov. 2018, the sales volume of excavators in China totaled 187,393 units, increasing by 48.4% YOY; the sales volume of loaders totaled 109,000 units, increasing by 22.3% YOY. And other construction equipment such as compacting machinery and concrete machinery all saw growths in both sales and production.

Major Market Drivers

According to CRI’s “Research Report on China’s Construction Machinery Industry, 2018-2022″, the major drivers of the fast growth include:

 (i) Increasing infrastructure investment in China: To sustain economic growth, China’s central and local governments invest heavily in infrastructure such as high-speed railways, subways and public facilities. For example, in 2018, China invested CNY 732 billion (USD 107.6 billion) in fixed assets to build 4,000 kilometers of railways including 3,500 kilometers of high-speed railways, setting a new record in high-speed railway construction. It is expected that from 2019 to 2025, China’s annual investment in railways will be no less than CNY 110 billion. By Jan. 2019, urban rail transit facilities (subways and light railways) are being built or planned for over 40 Chinese cities. CRI estimated that from 2019 to 2025, China’s annual investment in urban rail transportation projects will exceed USD 50 billion. Both railway construction and urban rail transportation will need construction equipment of more than USD 8 billion during this period. And road construction, municipal works and real estate projects will have even greater demand for construction equipment;

 (ii) Replacement of construction equipment: According to CRI’s “
Research Report on China’s Construction Machinery Industry, 2018-2022 ”, by the end of 2018, the quantity of construction equipment in China had exceeded 5 million units. On the assumption that the replacement rate is 10%, more than 500,000 units need to be replaced every year; and

 (iii) Growing export markets: According to China Customs, China’s excavator exports totaled about 19,000 units in 2018, up by about 98% YOY; China’s loader exports totaled about 21,000 units from Jan. to Nov. 2018, up by about 21% YOY. And the export volume of other construction equipment all attained growth. The growth of China’s construction equipment exports in 2018 was driven by Chinese construction equipment’s price advantage on the international market and the Belt and Road initiative.

Global Uncertainties

 (i) Brexit

According to CRI’s “ Research Report on China’s Construction Machinery Industry, 2018-2022 ”, in 2017, the sales revenue of China’s construction equipment industry totaled about USD 82 billion, of which about USD 20.1 billion, or 1/4, came from exports. Evidently, the export markets are vital to China’s construction equipment industry. In 2017, China’s construction equipment exports to the E.U. amounted to USD 2,389 million, registering a YOY increase of 25.51% and accounting for 11.9% of the total value of China’s construction equipment exports. If Brexit causes economic fluctuations to the U.K. and the E.U., it will inevitably have an adverse impact on the export of Chinese construction equipment.

 (ii) Sino-U.S. trade war

In 2017, China’s construction equipment exports to the U.S. amounted to USD 2,772 million, accounting for 13.8% of the total value of China’s construction equipment exports. With the outbreak of the Sino-U.S. trade war, the U.S. government is increasingly likely to raise the tariffs on Chinese construction equipment because some of the products are closely related to the Made in China 2025 program. If the trade war continues, a considerable part of China’s construction equipment exports to the U.S. will face higher tariffs, which will result in a sharp decline in China’s construction equipment exports to North America in 2019.

 (iii) Industrial transfer

According to CRI’s “Research Report on China’s Construction Machinery Industry, 2018-2022 ”, some construction equipment manufacturers in China are very likely to gradually move their factories to Southeast Asian countries such as Vietnam to avoid additional tariffs if the trade war continues. It is obvious that large-scale industrial transfer will weaken the strength of China’s construction equipment industry.

the Belt and Road Opportunities

(1) Progress of and construction investment boosted by the Belt and Road initiative

As the data about China’s construction equipment exports in 2018 has not been announced, CRI’s “Research Report on China’s Construction Machinery Industry, 2018-2022” is based on the data in 2017. As is known to all, the major sources of investment in Belt and Road projects are China’s state-owned enterprises. Therefore, infrastructure projects under the Belt and Road initiative prefer Chinese construction enterprises and Chinese construction equipment. In 2017, Chinese enterprises signed 7,217 contracts on contracting projects in 61 Belt and Road countries. The contract amount totaled USD 144.32 billion, registering a YOY growth of 14.5% and a CAGR of 24.8% from 2015 to 2017. The contract revenue reached USD 85.53 billion, registering a YOY growth of 12.6% and a CAGR of 11.1% from 2015 to 2017. In 2017, China’s construction equipment exports to Belt and Road countries reached USD 8,765 million, increasing by 18.3% YOY and accounting for 43.6% of the total value of China’s construction equipment exports. It’s clear that the advancement of the Belt and Road initiative facilitates the export of Chinese construction equipment.

 (2) Marketing strategies of Chinese construction equipment manufacturers including OEMs in Belt and Road countries Belt and Road countries are increasingly important to Chinese construction equipment manufacturers including OEMs as China’s construction equipment exports to these countries keep rising.

CRI’s market survey shows that Chinese construction equipment manufacturers including OEMs adopt the following marketing strategies in Belt and Road countries:

• (i) establishing branches or offices to broaden the markets;
• (ii) cooperating with the Chinese construction enterprises that have contracted many projects in these countries to promote the sale of their goods;
• and (iii) acquiring local construction equipment factories or establishing new factories to localize production. For example, SANY Group has established factories in Turkey, Indonesia and Russia, and Zoomlion Heavy Industry Science & Technology Co., Ltd. has established factories in Italy, Germany and India.

About CRI

CRI is a research and consulting company focusing on various industries and markets.

CRI provides customized industry research services for initial public offerings, corporate mergers and acquisitions, business development, market launch and financing for clients varying from private companies to the government entities.

The information contained in the CRI Report was derived from data and intelligence collected from various sources which include but not limited to government and regulatory statistics, industry association reports and data and data obtained from interviews with manufacturers, distributors, experts and customers in related sectors.

The post 2019 China’s Construction Machinery Industry Prospect: Global Uncertainties as Well as Opportunities first appeared on CRI Report.

In line with the growth of China’s economy and the accelerated fixed assets investment, real estate investment in China has increased rapidly. In addition, the urbanization process and rising living standard encouraged the need of local residential and commercial property demand. The Chinese government also plays an active role in shaping China’s economic environment.

Despite the macro-control policy changing from 2010 to 2014 with the aim of regulating overheated speculative real property investment, total investment in China’s property market increased from approximately CNY 6,180 billion in 2011 to CNY 10,258 billion in 2016, representing a CAGR of approximately10.7%.

In particular, increased disposable income, along with other factors including change ofpopulation structure and changes in birth control regulations and policies, raised the demand of midtohigh-end residential properties for home upgrade needs. It is believedthat mid- to high-end residentialproperties typically refer to properties targeting purchasers of housing units with a GFA ranging from90 sq.m. to 200 sq.m. to satisfy their initial and subsequent home-upgrade demand.

According to China Index Academy, from 2012 to 2016, the percentage of housing units sold with a GFA of less than90 sq.m. in 30 selected major cities in China experienced a decrease from 28.0% in 2012 to 26.1%in 2016, while the percentage of housing units sold with a GFA ranging from 90 sq.m. to 200 sq.m. increased correspondingly from 51.6% to 56.3% to accommodate the growing home upgrade needsin China’s real estate market. It is expected that the percentage of housing units sold with a GFA ranging from 90 sq.m. to 200 sq.m. will experience continuous growth across China in the future.

In particular, according to China Index Academy, average residential gross floor area per capita in China is expected to increase to 38 sq.m. in 2020, resulting in home upgrade needs of mid- to high-end residential properties increasing by approximately 2.2 billion sq.m., accounted for 26.4% of the aggregate demand for residential properties in 2020.

Recent Developments of Real Estate Policies in China

The real estate market in China is subject to extensive government regulations. The Chinese government exerts considerably direct and indirect influences on the development of China’s propertysector by promulgating laws and regulations and imposing industry policies and other economicmeasures. Over the past few years, in order to avoid over-heating of the real estate market, the Chinese government has promulgated various restrictive measures to stabilize housing prices. Recently, someof these measures have been relaxed.

The post China Real Estate Market Overview first appeared on CRI Report.

Owing to the booming macro economy and large investment in fixed assets, the total output value of the construction industry in China registered a robust growth in the past few years, rising from CNY 11,646.3 billion in 2011 to CNY 19,356.7 billion in 2016, representing a CAGR of 10.7%. In 2015, due to the decreased growth rate of investment in fixed assets and the arrival of “new normal” phase, the year-on-year growth rate of the total output value of construction demonstrated a downhill from 10.2% in 2014 to 2.3% in 2015.

However, China launched the 13th Five-Year Plan in 2016 with the goal to achieve well-off society in an all-round way by 2020 and to accelerate the increase of urbanization rate, which led to the recovery of the construction of social housing, resettlement housing, and infrastructure.

Meanwhile, benefiting from the advanced promotion of PPP mode, the growth rate rebounded to 7.1% in 2016. Going forward, driven by the continuous government investment in infrastructure construction and favorable policy on urbanization, especially the policy to promote the urbanization process in the Midwest area, the total output value of construction industry of China is expected to continue to grow and is estimated to reach CNY23,053.6 billion in 2021.

Building construction

The large population in China forms the giant market base for building construction. Tightening policy slows down the growth of the residential construction market. However, industrial upgrading still drives the dynamic growth of the commercial and industrial construction market.

Infrastructure construction

The surging population density especially in the first tier and second tier cities continuously increases the load of public facilities and resources, generating considerable demand for infrastructure construction and maintenance. Transportation infrastructure construction is a sub category of infrastructure construction. The flows of transport are the blood stream of municipalities, and the

transportation infrastructure plays the role of blood vessels. Increasing penetration rate of automobile and expanding economy scale in China’s cities lead to more investment to be pumped into transportation infrastructure to maintain the normal functions of cities.

The post Overview of the Construction Industry in China first appeared on CRI Report.

Introduction

Landscaping refers to the modification and improvement of outdoor public areas, composed of green planting, landform reconstruction, sightseeing facility building and road planning, to achieve environmental outcomes. Landscaping is divided into two segments, namely (a) municipal landscaping, which is generally led or initiated by the government or state-invested enterprises for the purpose of improving city appearance and the living environment; and (b) private and non-governmental landscaping, which serves individuals and non-governmental parties in private construction.

Market size

The size of landscaping market in the PRC, which is measured in terms of the aggregated completed contract value of landscaping projects in the respective year, has grown from RMB410.4 billion in 2010 to RMB647.4 billion in 2015, representing a CAGR of 9.5%. The municipal landscaping segment increased from CNY171.3 billion in 2010 to CNY262.7 billion in 2015, representing a CAGR of 8.9%. Driven by the rapid growth of the real estate industry in the PRC in the past five years, the private and non-governmental landscaping segment has been growing at a comparatively higher pace than municipal landscaping segment, with a CAGR of 10.0% over the period from 2010 to 2015. Spurred by the increasing attention and support from the government, the municipal landscaping segment is expected to embrace faster growth than overall landscaping in the future, while the private and non-governmental landscaping segment would continue to grow at a steady rate.

Geographical distribution of completed investment in urban landscape construction in the PRC

According to the statistics from NBSC, the completed investment in urban landscape construction from the government in Eastern China took up the largest share in the total completed investment in urban landscape construction of the PRC, with a share of 46.1%, followed by Northern China with a share of 24.7%.

The post China’s Landscaping Market first appeared on CRI Report.

China’s marble industry has grown significantly in recent years. China has taken the leading role in the consumption of marble slabs, which was proved by its shares in the sales volume and sales value of marble slabs in the global market. In 2016, China occupied approximately 31.3% in the global sales volume of marble slabs and approximately 25.1% in the global sales value of marble slabs. Meanwhile, China possessed the largest production volume of marble slabs around the world, with an approximate 32.0% share of the world’s total processing output of marble slabs in 2016, in order to meet its sizeable demand.

China marble market size

The market size of marble industry in China in terms of sales revenue experienced significant growth from 2012 to 2016. Revenue derived from sales of marble products increased from CNY 118.7 billion in 2012 to CNY308.0 billion in 2016, representing a CAGR of 26.9% from 2012 to 2016. Due to the expected sluggish GDP growth from 2017 to 2021 in China, which will slow down the growth of marble products used for architectural decoration in real estate industry, the market size of China’s marble industry in terms of sales revenue is anticipated to grow moderately at a CAGR of 14.4% from 2017 to 2021.

End market applications

Architectural decoration (including home decoration and public decoration), infrastructural and landscaping and artworks are the key end markets of marble products in China.

Architectural decoration

Revenue of China’s architectural decoration market grew from CNY 2,902.1 billion in 2012 to CNY 4,002.7 billion in 2016, representing a CAGR of 8.4% from 2012 to 2016, according to research. Public decoration and home decoration are two key areas of architectural decoration. As one of the key decorative materials, marble is a popular choice for decoration. Spurred by increasing demand from residential customers as well as initiatives in real estate development for “Fine Decoration” (精装修), the home decoration segment in China grew at a fast pace, with the sales revenue increasing from CNY 1,397.3 billion in 2012 to CNY 1,933.9 billion in 2016, representing a CAGR of 8.5% from 2012 to 2016 according to research. Public decoration mainly includes decoration of office space, commercial space and public facilities. The sales revenue of the public decoration segment in China also grew at a CAGR of 8.3% from 2012 to 2016. In line with the growth in the architectural decoration market and the increasingly wide application of marble products in China, the sales revenue of marble-based architectural decoration grew from CNY 81.3 billion in 2012 to CNY 208.6 billion in 2016, representing a CAGR of 26.6% from 2012 to 2016 according to research. It is expected that the upward trend will continue from 2017 to 2021, with the sales revenue of marble-based architectural decoration growing at a CAGR of 13.6%, which will drive the growth of the marble industry.

Infrastructural and landscaping industry

Marble products are widely used in the construction of infrastructure and modification and improvement of outdoor public areas. The sales revenue of the infrastructural and landscaping industry in China increased from CNY 1,744.7 billion in 2012 to CNY 2,181.9 billion in 2016, representing a CAGR of 5.7% from 2012 to 2016. In line with such growth, the sales revenue of marble-based infrastructural and landscaping industry in China grew at a CAGR of 26.7%. It is expected that the upward trend will continue from 2017 to 2021, with the sales revenue of marble-based infrastructural and landscaping industry growing at a CAGR of 10.5% from 2017 to 2021.

Distribution of marble mines in China

According to research, Southern China has the most abundant marble resources in China, accounting for approximately 30.1% of China’s marble reserve volume as at 31 December 2016. Southern China is followed by Western China, where our Leishoushan Project is located, which accounted for approximately 27.3% of China’s marble reserve volume as at 31 December 2016. The shares of China’s marble reserve volume as at 31 December 2016 by other regions are 19.5% for Eastern China, 15.2% for Northern China and 7.9% for Central China. Guangdong, Guangxi, Hebei, Shaanxi, Guizhou, Yunnan and Sichuan are major locations of marble reserves in China, accounting for approximately 14.5%, 13.4%, 7.6%, 7.2%, 5.2%, 4.5% and 3.7% respectively, of China’s marble reserve volume as at 31 December 2016. Shaanxi, Guizhou, Yunnan and Sichuan are the major locations of marble reserves in Western China, accounting for approximately 26.4%, 19.0%, 16.6% and 13.5% of its marble reserve volume as at 31 December 2016. Fujian Province is not a major location of marble reserves as it only accounted for approximately 1.5% of China’s marble reserve volume as at 31 December 2016. In China, yellow marble mines are mainly located in Henan, Guangdong, Jiangsu and Guizhou provinces, red marble mines are mainly located in Anhui, Sichuan, Hebei and Liaoning provinces and grey marble mines are mainly located in Zhejiang, Yunnan and Shandong provinces.

MARBLE CONSUMPTION

Marble blocks

According to research, the sales volume of marble blocks in China has grown from 4.0 million m3 in 2012 to 9.3 million m3 in 2016, representing a CAGR of 23.5%. The cooling down of macro-economy in China and the saturation of the market may slow down the growth of sales volume of marble blocks, which is estimated to increase at a CAGR of 6.7% from 2017 to 2021. Yellow and grey are essential base colors of marbles used in architectural decoration. Yellow marble products are the most common marble products that are typically used in high-end residential and office building decoration in China. The sales volume of yellow marble blocks in China increased from approximately 1.2 million m3 in 2012 to approximately 3.2 million m3 in 2016, representing a CAGR of 27.0%, and it is expected to keep increasing at a CAGR of 10.2% from 2017 to 2021, to reach approximately 5.4 million m3 in 2021. Grey marble blocks are relatively scarce in the market and the combined use of grey marble blocks with decoration wood has become a fashion trend in China. The sales volume of grey marble blocks in China grew from approximately 0.4 million m3 in 2012 to approximately 0.9 million m3 in 2016, representing a CAGR of 24.1%, and it is expected to keep growing at a CAGR of 9.7% from 2017 to 2021, to reach approximately 1.5 million m3 in 2021. The sales volume of red marble blocks in China increased from approximately 0.3 million m3 in 2012 to approximately 0.7 million m3 in 2016, representing a CAGR 19.4%, and it is expected to keep increasing at a CAGR of 8.9% from 2017 to 2021, to reach approximately 1.0 million m3 in 2021.

Marble slabs

According to research, marble slabs accounted for more than 90% of market shares of China’s marble industry in terms of total sales revenue in 2016. The sales volume of marble slabs in China increased from 242.3 million m2 in 2012 to 520.2 million m2 in 2016, representing a CAGR of 21.0%. It is anticipated that the sales volume of marble slabs in China will continue to grow at a CAGR of 11.0% from 2017 to 2021. According to research, in 2016, the sales volume of yellow marble slabs accounted for approximately 41.9% of China’s total marble slab sales volume. The sales volume of yellow marble slabs in China increased from 73.1 million m2 in 2012 to 218.2 million m2 in 2016, representing a CAGR of 31.4%, and it is expected to keep increasing at a CAGR of 17.2% from 2017 to 2021. The sales volume of grey marble slabs in China grewfrom 22.0 million m2 in 2012 to 56.6 million m2 in 2016, representing a CAGR of 26.6%, and it is expected to keep growing at a CAGR of 16.1% from 2017 to 2021, to reach 119.9 million m2 in 2021. The sales volume of red marble slabs in China increased from 15.0 million m2 in 2012 to 41.8 million m2 in 2016, representing a CAGR of 29.2%, and it is expected to keep increasing at a CAGR of 15.7% from 2017 to 2021.

Future opportunities

China’s accelerated urbanization process and the Chinese government’s continuing investments in infrastructures and public facilities, including transportation infrastructures like airports and high-speed rail stations and public facilities like libraries, museums and hospitals, generate demand for architectural decoration. In addition, the Chinese government has taken initiatives to reduce real estate inventory in over 150 PRC cities where the local governments had not implemented policy to limit the purchase of real estate, including cities in Fujian and Guizhou provinces such as Guiyang (贵阳), Quanzhou (泉州), Zhangzhou (漳州), Longyan (龙岩), Putian (莆田), Nanping (南平), Jinjiang (晋江), Zunyi (遵义) and Bijie (毕节). The reduction of real estate inventory promotes transaction volume of real estate properties, which in turn creates demand for marble products as fine materials for home decoration. Meanwhile, as customers’ awareness of marble products continues to increase, marble products will have increasingly wide applications. China’s economic growth continues to create momentum for the marble industry in China. According to China’s 13th Five-Year Stone Industry Development Plan (《石材行业「十三五」发展规划》), China will develop a marble industry that is more focused on quality improvement, consumption structure upgrading and new market expansion. Stone product demand structure will continue to get upgraded, and personalized and diversified products and overall solutions for stone decoration will develop. The Chinese government will enhance the planning of the stone industry, encourage creative design and technology innovation of marbles, optimize marble industrial structure, promote the stone industry’s “Internet Plus” business and promote environment-friendly development of the stone industry.

The post China Marble Industry Overview first appeared on CRI Report.