Cement Industry – CRI Report https://www.cri-report.com market research vender! Thu, 02 Dec 2021 07:18:04 +0000 en-US hourly 1 https://www.cri-report.com/wp-content/uploads/2021/01/cropped-shcrilogo-c.jpg Cement Industry – CRI Report https://www.cri-report.com 32 32 Research Report on Vietnam Cement Industry 2021-2025 https://www.cri-report.com/research-report-on-vietnam-cement-industry-2021-2025/ Sat, 30 Jan 2021 05:21:36 +0000 https://www.cri-report.com/product/import-placeholder-for-2101454/ Cement designed capacity in Vietnam is expected to surge in the next three to five years thanks to aggressive expansion of local manufacturers including Tan Thang, Vissai, and Xuan Thanh. In conclusion, Vietnam is expected to face with continuous supply surplus before reaching equilibrium. In other words, export volume of cement is estimated to keep rising in the future.

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]]> The growth rate of Vietnam’s GDP in 2020 was about 2.9%. Considering the spread of COVID-19 in 2020, the annual GDP growth rate of 2.9% is already a good figure in the world. Vietnam’s economy has been increasing rapidly for many years, but wages of the manufacturing are still at a low level, which were less than 50% in China and far below that of the developed countries in 2020.
According to CRI analysis, due to the effective control of the COVID-19 epidemic in Vietnam, Vietnam’s cement production will maintain growth in 2020.Vietnam cement and clinker production volume reached 100.1 million tons in 2020, increased 3.8% YOY.
According to CRI analysis, compared to China or other developed countries, low labor cost is one of advantage of Vietnam cement industry. Besides, Vietnam possesses rich ore resources, which are raw materials of cement. The production cost of cement is mainly influenced by coal price.
Construction of infrastructure and booming property industry contributed to increasing domestic consumption of cement in Vietnam in recent years. Several large infrastructure projects are also underway. However, urbanization rate of Vietnam is still very low, only less than 40% by the end of 2020, which means the consumption of cement is not currently at the peak.
Cement designed capacity in Vietnam is expected to surge in the next three to five years thanks to aggressive expansion of local manufacturers including Tan Thang, Vissai, and Xuan Thanh. In conclusion, Vietnam is expected to face with continuous supply surplus before reaching equilibrium. In other words, export volume of cement is estimated to keep rising in the future.

Topics covered:
-The impact of COVID-19 on Vietnam’s cement industry
-Development Environment of Vietnam Cement Industry
-Analysis on Market Status of Vietnam Cement Industry
-Analysis on Import and Export of Cement in Vietnam
-Major Cement Manufacturers in Vietnam
-Prospect of Cement Industry in Vietnam 2021-2025

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]]> Cement Industry in India 2020 https://www.cri-report.com/cement-industry-in-india-2020/ Wed, 16 Sep 2020 02:07:05 +0000 https://www.cri-report.com/product/cement-industry-in-india-2020/ ement production is expected to reach 304.97 Mn tons by the end of FY 2025, expanding at a compound annual growth rate (CAGR) of 4.69% during the FY 2021-FY 2025 period.

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]]> Market insights:
Domestic cement production was recorded at 334.48 Mn tons in FY 2020 as compared to
337.32 Mn tons in FY 2019, a fall of 0.84% year-on-year, mainly due to the economic slowdown in FY 2020. Cement production is expected to reach 304.97 Mn tons by the end of FY 2025, expanding at a compound annual growth rate (CAGR) of 4.69% during the FY 2021-FY 2025 period. The southern part of India holds the highest market share (~35%) of the Indian cement industry, in terms of installed production capacity.
The capacity utilization rate has declined from 70% in FY 2019 to 61% in FY 2020 on account of excessive rain in many parts of the country and temporary closure of cement plants during the government-enforced lockdown.
Prolonged rain in many parts of the country and the temporary closure of cement plants during the government enforced lockdown have led to the capacity utilization rate to fall from 70% in FY 2019 to 61% in FY 2020.
The major players operating in the Indian cement industry include UltraTech Cement Limited, Ambuja Cements Limited, JK Lakshmi Cement, and Ramco Cements Limited.

Impact of COVID-19:
The nationwide lockdown in the wake of the pandemic took an unprecedented toll on the cement industry in India. With the outbreak of the COVID-19 pandemic and the lockdown that followed, the cement industry in India suffered an unprecedented blow. The demand for cement declined to ~3.5% in FY 2020 from 9.5% in FY 2019. This was only the second instance of such a sharp decline in the last 15 years, after the demonetization in FY 2017. The downturn ofSlump in the real estate market, including the IHB (individual houses and buildings) housing segment in the country, has negatively impacted affected the cement industry in the country. The weakened demand from the consuming industries has resulted in reduced capacity utilization of the cement sector. ACC Limited’s consolidated net profit declined by 6.6% year-on-year, while its net sales declined by 11% in the last quarter of FY 2020 due to disruptions in business
As a result of the impact of COVID-19 related business disruptions, ACC Limited’s consolidated net profit declined by 6.6% year-on-year, while its net sales declined by 11% in the last quarter of FY 2020.

Market segment insights:
Among the major Indian states, the southern states of Tamil Nadu, Andhra Pradesh, and Karnataka together accounted for the highest cement production installed capacity of (~35%) in FY 2020, followed by the northern states (Rajasthan, Punjab, and Haryana), which collectively accounted for ~20% of the total installed capacity.
Out of the different end- user industries of cement, the housing segment accounted for the highest demand in FY 2020. Within the housing segment this, ~38% demand was generated by the rural housing sector. Such high demand for cement from the housing sector may can be attributed to the fast execution of affordable government housing schemes like such as Pradhan Mantri Awas Yojna, and Housing for All by 2022. Apart from housing, commercial and industrial investments, the infrastructure segment accounted for considerable demand for cement in India.
Key growth drivers of the market:
To develop the country’s infrastructure, the Indian government has undertaken several projects related to the construction of roads and highways, both in the rural and urban areas, along with the development of industrial hubs in different parts of the country. These schemes and initiatives are together expected to drive the growth of the Indian cement industry, since it is one of the primary materials for the successful execution of such projects.

Essential minerals used for manufacturing cement, which include limestone (calcium), bauxite (aluminium), iron ore, and coal, are available in abundance in different parts of India. This has resulted in zero or low cost of import of raw materials for cement manufacturers, thus making cement businesses profitable in India. As a result, cement manufacturing has increased steadily, driving the supply side of the Indian cement industry over the years.

Companies covered
ACC Limited
Ambuja Cements Limited
J.K. Cement Limited
Jaiprakash Associate Limited – Jaypee Group
JK Lakshmi Cement Limited
Orient Cement
The Ramco Cements Limited
Shree Cement Limited
The India Cements Limited
UltraTech Cement Limited

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