全球水泥工業(yè)行業(yè)市場前景及投資研究報告-培訓(xùn)課件外文版2024.5海螺水泥

INDUSTRIES

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MARKETSCementindustryworldwideCHAPTER

01OverviewProductionvolumeofcementworldwidefrom1995to2022(inbillionmetrictons)Globalcementproduction1995-20225.04.54.03.53.04.44.184.24.24.084.14.14.14.14.053.73.63.312.52.01.51.00.50.02.31.61.391995200020052010201120122013201420152016201720182019202020212022*3Description:Thetotalvolumeofcementproductionworldwideamountedtoanestimated4.1billiontonsin2022.Backin1995,thetotalglobalproductionofcementamountedtojust1.39billiontons,anindicationoftheextenttowhichtheconstructionindustryhasgrownsincethen.ReadmoreNote(s):Worldwide;1995to2022;*Estimated.Thisstatistichasbeenassembledusingseveraleditionsothereport.ReadmoreSource(s):USGeologicalSurveyProductioncapacityofcementworldwidein2022,byleadingcountry(inmillionmetrictonsperyear)Cementproductioncapacityrankingworldwidebyleadingcountry2022ProductioncapacityinmillionmetrictonsIntegratedtotals2022600

800Grindingtotals20221,00002004001,2001,4001,6001,800China*IndiaVietnamUnitedStatesRussiaTurkeyIndonesiaBrazilIranEgypt4Description:In2022,Chinahadthehighestcementproductioncapacityintheworldbyfar,atanestimated1.64billionmetrictonsperyear(ormore).China'scementproductioncapacityincludedanestimated1.51billionmetrictonsinitsintegratedcementplants,andafurtherestimated124.5millionmetrictonsperyearinitsgrindingplants.ReadmoreNote(s):Worldwide;2022;*Chinawastheworld'slargestcementproducerbyfarbasedoninstalledcapacityandproductionvolumein2021.However,themassivescaleoftheindustryandthelikelyunreliabilityofthestatisticsprovidedbyChina[...]

ReadmoreSource(s):GlobalCementMagazineClinkercapacityworldwidein2022,byselectedcountry(inmillionmetrictons)Globalclinkerproductioncapacityinselectedcountries2022Capacityinmillionmetrictons1,00005001,5002,0002,500China2,000IndiaUnitedStates*Vietnam29010010092TurkeyIran81Russia807975IndonesiaSaudiaArabiaKorea,RepublicofBrazil626054JapanEgypt48Othercountries(rounded)6005Description:Theglobalproductioncapacityofclinkeramountedtoanestimated3.8billionmetrictonsin2022.Ofthatamount,Chinaaccountedforthevastmajorityofthecapacity,attwobillionmetrictons.Indeed,Chinahasaccountedforoverhalfoftheworld`scementproductioninrecentyears.ReadmoreNote(s):Worldwide;2022Source(s):USGeologicalSurveyNumberofcementplantsintheleadingproducingcountriesworldwidein2022,bytypeCementplantsintheleadingproducingcountriesworldwidebytype2022NumberofplantsIntegratedtotals2022

Grindingtotals2022400

500

60001002003007008009001,000China*IndiaUnitedStatesVietnamBrazilIranTurkeyRussiaIndonesiaEgypt6/statistics/1256752/number-of-cement-plants-worldwide-by-country-and-typeIn2022,Chinahadthemostoverallnumberofcementplantsworldwide,with875plantsreported.Chinahad818integratedplantsand57grindingplants.Indiawasnextwith158integratedplantsand93grindingplantstotalingto251cementplants.ReadmoreNote(s):Worldwide;2022;*Chinawastheworld'slargestcementproducerbyfarbasedoninstalledcapacityandproductionvolumein2022.However,themassivescaleoftheindustryandthelikelyunreliabilityofthestatisticsprovidedbyChina[...]

ReadmoreSource(s):GlobalCementMagazineMarketshareofcementworldwidein2020,bysectorGlobalcementmarketsharein2020,bysectorNonresidential27%Residential41%Infrastructure&other32%7Description:In2020,theresidentialconstructionsectoraccountedfora41percentshareoftheglobalcementmarket.Comparatively,thenonresidentialconstructionsectoraccountedfora27percentshareoftheglobalcementmarketthatyear.

ReadmoreNote(s):Worldwide;2020Source(s):FreedoniaSelectedforecastfiguresaboutcementdemandworldwidein2025and2026Globalcementdemandselectedforecastfigures2025-202620252.920262.4Fiveyearannualriseincementdemand(inpercent)Cementdemandvolume(inbillionmetrictons)Valueofcementdemand(inbillionU.S.dollars)4.74.83408Description:Cementdemandworldwideisforecasttoriseby2.4percentannuallybetween2022and2026,whentheglobalvolumeofcementdemandedisestimatedtobe4.8billionmetrictons.ThisanticipatedgrowthoftheglobaldemandforcementisbasedonlargeinfrastructureprojectsinAsiaandAfrica,risingurbanization,andotherrelatedfactors.ReadmoreNote(s):Worldwide;2021and2022;*All2025figureswereforecastasofJune2021,all2026figureswereforecastasofDecember2022.Therewasnocementdemandvaluefigureprovidedinthe2022editionofthepressreleasefromthesource.

[...]

ReadmoreSource(s):FreedoniaCarbondioxideemissionsfromthemanufactureofcementworldwideinfrom1990to2021,byselectcountry(inmillionmetrictons)Globalcarbondioxideemissionsfromcementmanufacturing1990-2021,bycountryChinaIndiaIndonesiaIranJapanSaudiArabiaSouthKoreaTurkeyUnitedStatesVietnam1,0009008007006005004003002001000199020052020*2021*9Description:Chinaisbyfartheworld`slargestemitterofcarbondioxidefromthemanufactureofcement.In2021,China`scementindustryreleased853millionmetrictonsofcarbondioxide(MtCO?)intotheatmosphere.ThiswasroughlysixtimesmorethantheemissionsproducedinIndia.ReadmoreNote(s):Worldwide;1990to2021;*Preliminarydata.Figureshavebeenrounded.ReadmoreSource(s):Expert(s)(Friedlingsteinetal.(2022),AndrewandPeters(2022).);GlobalCarbonProjectCHAPTER

02TradeLeadingcountriesbasedoncementexportvolumeworldwidein2021(inmillionmetrictons)Globalcementexportvolumebymajorcountries2021Exportsinmillionmetrictons15051020253035TurkeyUnitedArabEmiratesIndonesiaJapan32.8715.2612.0511.45SaudiArabiaPakistan7.977.416.886.656.51GermanyEgyptSpainCanada5.27Greece4.2Tunisia3.07SlovakiaMalaysia2.42.372.2China11Description:In2021,Turkeyexportednearly33millionmetrictonsofcement,valuedatabout1.37billionU.S.dollars.ReadmoreNote(s):Worldwide;2021Source(s):UNComtradeExportvalueofcementworldwidein2022,byselectcountry(inmillionU.S.dollars)Globalcementexportvaluerankingbycountry2022ExportsinmillionU.S.dollars800

1,00002004006001,2001,4001,6001,8002,000VietnamTurkey1,8001,700GermanyEgyptCanada588.6570.2512.9494AlgeriaSpainThailand429.4380.8IndonesiaJapan376.6375.3BelgiumUnitedArabEmiratesMexico320.3282264.412Description:Vietnamwastheworld'slargestexporterofcementbasedonvaluein2022,withcementexportsworth1.8billionU.S.dollars.Turkeywasthesecond-largestglobalcementexporterthatyear,withexportsreachingavalueofapproximately1.7billionU.S.dollars.InthethirdpositionwasGermany,withexportsworthnearly589millionU.S.dollars.ReadmoreNote(s):Worldwide;2022Source(s):CIA(WorldFactbook);TradeMap;WTExLeadingcountriesbasedoncementimportvolumeworldwidein2021(inmillionmetrictons)Globalcementimportvolumerankingbymajorcountry2021Importvolumeinmillionmetrictons1005152025UnitedStatesSriLankaAustraliaChina,HongKongSAROman22.125.314.884.353.172.922.792.42.391.87NetherlandsBelgiumIndiaBurkinaFasoCanadaRussiaRomania1.761.72Austria1.58Senegal1.47Malaysia1.113Description:TheUnitedStatesisbyfartheworld'slargestcementimportingcountry.In2021,importsofcementtotheU.S.amountedtoover22millionmetrictons.Thatamountedtoavalueof1.83billionU.S.dollars.

ReadmoreNote(s):Worldwide;2021Source(s):UNComtradeImportvalueofcementworldwidein2022,byselectcountry(inmillionU.S.dollars)Globalcementimportvaluebycountry2022ImportsinmillionU.S.dollars1,000

1,50005002,0002,5003,000UnitedStatesPhilippinesChina2,700638.1600.9UnitedKingdomFrance577.9571.5NetherlandsBangladeshItaly515.1340.7286.9IvoryCoastSingaporeAustralia284.8276.5239.7HongKongBelgium233.8219.9213.9Taiwan14Description:TheUnitedStateswasbyfarthelargestimporterofcementworldwidein2022,withcementimportsworth2.7billionU.S.dollars.ThePhilippineswastheworld'ssecond-largestcementimporterthatyear,withimportsreachingavalueofapproximately638millionU.S.dollars.ReadmoreNote(s):Worldwide;2022Source(s):WTExDistributionofcementimportvalueworldwidein2022bycountryGlobalcementimportsvalueshare2022,bycountryShareofimports0%2%4%6%8%10%12%14%16%18%20%UnitedStatesPhilippinesChina17.9%4.3%4%UnitedKingdomFrance3.9%3.8%NetherlandsIsrael3.4%2.9%BangladeshItaly2.3%1.9%IvoryCoastSingaporeAustralia1.9%1.8%1.6%1.6%HongKong15Description:Theleading15cementimportingcountriesintheworldaccountedforslightlyoverthehalfoftheinternationalimportpurchasesin2022.Inthatyear,theUnitedStateshelda17.9percentshareofthetotalglobalcementimports,andwastheworld'sleadingimporterofcementbasedonvaluebyalargemargin.ReadmoreNote(s):Worldwide;2022Source(s):WTExCHAPTER

03MineralsProductionvolumeofcementminerals*worldwidein2022,bymineral(in1,000metrictons)Globalproductionvolumeofcementminerals2022Productionvolumeinthousandmetrictons600,000

800,000

1,000,0000200,000400,0001,200,0001,400,0001,600,0001,800,000Ironore**Limestone1,600,000430,000SandandgravelBauxite***380,000380,000Clays****71,00017Description:Cementisproducedbycombiningseveralrawmineralswhicharethengrindedandfurtherprocessedtogether,beforeundergoingseveralmoresteps.Limestoneaccountsforthelargestshareofcement'srawmineralcontent.Thetotalglobalproductionvolumeoflimestonein2022wasestimatedtobe430millionmetrictons.ReadmoreNote(s):Worldwide;2022;*Thereareeightmainmineralsusedtoproducecement:ironore,bauxite,limestone,sand,clay,shale,chalk,andmarl.Thesourcedidnotprovideproductionfiguresforthelatterthreeminerals.Theproductionvolumes[...]

ReadmoreSource(s):USGeologicalSurveyDistributionofthemineralcompositionofcement,bytypeCementcompositionbreakdownbymineralLower

rangeUpper

range65%Lime60%17%3%Silica25%Alumina8%MagnesiaSulfurTrioxideAlkaline1%3%1%3%0%1%IronoxideCalciumsulfate0.5%0.1%0.6%0.5%18Description:Limeaccountsforthelargestshareofthemineralcompositionofcement,averagingbetween60and65percent.Silicaisthesecond-largestcomponentofcement,accountingforbetween17and25percentoftheoverallmineralcontent.Thereareeightmainmineralspresentincement.ReadmoreNote(s):Worldwide;2020Source(s):HowdenCHAPTER

04ProductionDistributionofcementproductionworldwidein2022,byregionGlobalcementproductionsharebyregion2022Restofworld30.9%China51.1%UnitedStates2.3%Europe*6.7%India9%20Description:Chinaaccountedfora51.1percentshareoftheglobalproductionvolumeofcementin2022.Indiawasthesecond-largestcementproducerworldwidethatyear,accountingforadistantninepercent.Globalcementproductionamountedto4.1billionmetrictonsin2022.ReadmoreNote(s):Worldwide;2022;*ListedasCembureauinthereport.ReadmoreSource(s):CembureauMajorcountriesinworldwidecementproductionin2022(inmillionmetrictons)Leadingcementproducingcountriesworldwide2022Productioninmillionmetrictons1,00005001,5002,0002,500ChinaIndia2,100370VietnamUnitedStatesTurkey120958565BrazilIndonesiaRussia6462625451505050IranSaudiArabiaEgyptJapanSouthKoreaMexico21Description:In2022,cementproductionintheUnitedStatesamountedtosome95millionmetrictons.Thus,theUnitedStateswasrankedasthefourthleadingcementproducerglobally.ReadmoreNote(s):Worldwide;2022Source(s):USGeologicalSurveyProductionofcementinChinafrom1970to2021(inmillionmetrictons)ProductionofcementChina1970-20213,0002,5002,0001,5001,000500022Description:In2021,theproductionvolumeofcementinChinaamountedtoalmost2.38billionmetrictons.TomatchChina'surbanizationneed,thedomesticproductionofcementgrewrapidlybetween2002and2014,reachingitspeakat2.5trillionmetrictons.Thegovernmentannouncedtoreducetheoutput,inordertoaddresstheproductionovercapacityinthecementsector.In2018,thevolumeofcementproductionfellto2.2trillionmetrictons.Chinaistheworld'slargestproducerofcement.

ReadmoreNote(s):China;1970to2021Source(s):NationalBureauofStatisticsofChinaProductionvolumeofcementinIndiafromfinancialyear2008to2019withaforecastuntil2022(inmillionmetrictons)CementproductionvolumeinIndiaFY2008-2022450400350300381329329294291274273270.04255.83248.2325020015010050230.49216206.6186.9174.30FY2008

FY2009

FY2010

FY2011

FY2012

FY2013

FY2014

FY2015

FY2016

FY2017

FY2018

FY2019

FY2020*

FY2021*

FY2022*23Description:TheproductionofcementinIndiastartedin1889byacompanybasedinKolkata.Intheearlynineteenthcentury,theindustrystartedtakinganorganizedstanceandiscurrently,thesecondlargestproducerofcementworldwideafterChina.TheproductionvolumeofcementacrossthesouthAsiancountrywasestimatedatabout381millionmetrictonsinfinancialyear2022.Thesectorencompassesatotalofover450smallandlargecementplants.

ReadmoreNote(s):India;FY2008toFY2022;*Estimates.India'sfinancialyearbeginsinAprilandendsinMarch.Forexample,FY2020startedinApril2019andendedinMarch2020.ReadmoreSource(s):HDFCSecurities;IndiaBrandEquityFoundationProductionvolumeofcementinVietnamfrom2010to2022(inmillionmetrictons)ProductionvolumeofcementVietnam2010-2022140120100117.63112.28111.2105.5389.1281.498074.4667.6560.9858.2757.5255.856.3560402002010201120122013201420152016201720182019202020212022*24Description:In2022,thecementproductionvolumeinVietnamamountedtoapproximately117.6millionmetrictons,indicatinganincreasefromthepreviousyear.Intermsofcapacityinthecementsector,Vietnamisamongthefiveleadingcement-manufacturingcountriesworldwide.ReadmoreNote(s):Vietnam;2010to2022;*Preliminaryfigure.ReadmoreSource(s):GeneralStatisticsOfficeofVietnamProductionofcementintheUnitedStatesfrom2010to2022(inmillionmetrictons)U.S.cementproductionvolume2010-20221009095938987.286.486.48584.383.277.48070605040302010074.968.667.2201020112012201320142015201620172018201920202021**2022**25Description:Cementproductionreachedanestimated95millionmetrictonsintheUnitedStatesin2022,thehighestproductionvolumerecordedintheperiodofconsideration.Thatsameyear,4.1billionmetrictonsofcementwasproducedworldwide.

ReadmoreNote(s):UnitedStates;2010to2022;figuresincludePuertoRico;*Estimated.

Thisstatistichasbeenassembledusingseveraleditionsofthereport.ReadmoreSource(s):USGeologicalSurveyProductionvolumeofcementinTurkeyfrom2010to2022(inmillionmetrictons)CementproductionvolumeinTurkey2010-2022908070858280.67575.472.57271.371.463.963.462.75760504030201002010201120122013201420152016201720182019202020212022*26/statistics/1338054/turkey-cement-productionIn2022,theproductionvolumeofcementinTurkeyamountedtoanestimated85millionmetrictons.Thus,TurkeywasrankedasthefifthleadingcementproducingnationintheworldthatyearfollowingChina,India,Vietnam,andtheUnitedStates.ReadmoreNote(s):Turkey;2010to2022;*Estimate.Thisstatistichasbeenassembledusingseveraleditionsofthereport.ReadmoreSource(s):USGeologicalSurveyForecastproductiondistributionofcementworldwidein2030,bycountryGlobaldistributionforecastofcementproductionin2030,bycountryChina35%Restofworld30%Russia2%Iran2%India16%UnitedStates2%Turkey2%Pakistan2%EuropeanUnion3%Vietnam3%Indonesia3%27Description:By2030,Chinaisexpectedtomaintainitsstatusastheworld'sleadingcementproducingnation,albeitbyasmallershare.Atthebeginningofthe2020's,Chinaaccountedformorethanhalfoftheworld'scementproduction,andthisisforecasttodecreaseto35percentglobalproductionby2030.Insecondplace,Indiaisexpectedtomaintainitsranking.UnlikeChina,India'scementproductionshareisanticipatedtodoubleby2030comparedtoits2018volume,to16percentofglobal[...]

ReadmoreNote(s):Worldwide;2019Source(s):WCACHAPTER

05CompaniesLeadingcementmanufacturersworldwidein2021,basedonrevenue(inbillionU.S.dollars)Revenueofmajorglobalcementmanufacturers2021RevenueinbillionU.S.dollars0CNBM(China)5101520253035404542.43CRH(Ireland)30.98Holcim(Switzerland/France)AnhuiConchCement(China)HeidelbergCementAG(Germany)BBMG(China)29.3626.0422.1419.17TheSiamCementPublicCo(Thailand)MitsubishiMaterials(Japan)Cemex(Mexico)16.616.1314.55GrasimIndustries(India)12.9629Description:In2021,ChinaNationalBuildingMaterials(CNBM)hadarevenueofover42billionU.S.dollars,whichgaveitthedistinctionofbeingtheleadingglobalcementcompanybasedonrevenue.Anotheroneofthelargestcementcompaniesintheworld,Ireland'sCRHgeneratednearly31billionU.S.dollarsinrevenuein2021,andcameinsecondplaceintheranking.ReadmoreNote(s):Worldwide;2021Source(s):GlobalDataLeadingcementmanufacturersworldwidebasedonmarketcapitalizationasofJuly2023(inbillionU.S.dollars)Marketcapitalizationofmajorcementmanufacturersglobally2023MarketcapitalizationinbillionU.S.dollars15

20

25051030354045HolcimUltratechCementAnhuiConch39.2629.1418.15HeidelbergCementGrasimIndustriesSiamCement15.3314.611.2811.1310.97CemexAmbujaCementsShreeCement10.5510.5XinjiangTianshanCement30Description:TheSwisscompanyHolcimhadthehighestmarketcapitalizationofanycementmanufacturerworldwideasofJuly2022,at39.3billionU.S.dollars.UltratechCementrankedsecondatthattime,withamarketcapitalizationofmorethan29billionU.S.dollars.ReadmoreNote(s):Worldwide;asofJuly30,2023Source(s):Value.TodayInstalledcapacityofselectedtopcementproducersworldwidein2022(inmillionmetrictonsperyear)Cementproductioncapacityofselectedtopcompanies2022Capacityinmillionmetrictonsperyear0100200300400500600CNBM[Sinoma](China)AnhuiConch(China)Holcim(Switzerland)HeidelbergCement(Germany)UltraTechCement(India)Cemex(Mexico)530368260.5189.693.382.9Votorantim(Brazil)AdaniGroup67.163.463.3CRH(Ireland)Eurocement(Russia)DangoteCement(Nigeria)BuzziUnicem(Italy)Vicem(Vietnam)4845.242.542.1InterCement(Brazil)ShreeCement(India)37.13031Description:Thelargestcementcompanyworldwidein2022basedoninstalledcapacitywasChinaNationalBuildingMaterialCo.Ltd.(alsoknownasCNBM),withatotalcapacityof530millionmetrictonsperyear.AnotherChinesecompany,AnhuiConch,wasinsecondplacethatyear.HeadquartedinZug,Switzerland,Holcimwasthethird-largest.Theyhadacapacityof260.5millionmetrictonsthatyear.Holcim'smaincompetitor,HeidelbergCement,hadthefourth-highestcementproductioncapacity[...]ReadmoreNote(s):WorldwideSource(s):GlobalCementMagazineRevenueofChinaNationalBuildingMaterial(CNBM)from2012to2022(inbillionyuan)RevenueofChinaNationalBuildingMaterial2012-2022300250200275.62253.4254.76230.17218.96184.12150122.01117.69100.36101.5510050087.22201220132014201520162017*2018201920202021202232Description:In2022,ChinaNationalBuildingMaterialCompanygeneratedover230billionyuan,a16.5percentdecreasecomparedtothepreviousyear.ThecompanywasoneofChina'slargestbuildingmaterialproducersandthecountrywaslistedontheHongKongExchange.ReadmoreNote(s):China;2012to2022;*Datafor2017and2018havebeenrestatedinthereportsreleasedinnextyear.Oneyuanequalsapproximately0.14U.S.dollarsand0.13euros(asofSeptember2023).Figureshavebeenrounded.

ReadmoreSource(s):ChinaNationalBuildingMaterialCompanyCementandclinkersalesvolumeofChinaNationalBuildingMaterial(CNBM)from2012to2022(inmilliontons)ChinaNationalBuildingMaterialcementandclinkersalesvolume2012-2022450391.25388.840035030025020015010050376.79372.53368.98316.6291.19291.22285.1279.56220.8802012201320142015201620172018201920202021202233Description:In2022,ChinaNationalBuildingMaterialCompanysoldapproximately316.6milliontonsofcementandclinker,a15percentdecreasecomparedtothepreviousyear.Thecompanywasoneo