China is the largest cement producer in the world, accounting for 58.5% of global output in 2017, according to estimates from the National Minerals Information Center of the US Geological Survey (USGS). The cement sector in China is characterised by overcapacity, a large number of enterprises and fierce competition. The sector is undergoing a process of consolidation, with an increasing number of M&As between local enterprises. In the last few years, cement manufacturing in China has experienced a huge transformation, moving towards advanced cement production by replacing outdated shaft kilns with the efficient new suspension preheater (NSP) kilns. The number of NSP clinker production lines in China increased from 792 in 2007 to 1,715 at end-2017. At present, over 95% of the kilns used in China are NSP kilns.

01 EXECUTIVE SUMMARY

02 SECTOR FORECAST

03 SECTOR IN FOCUS

04 COMPETITIVE LANDSCAPE

05 COMPANIES IN FOCUS

06 REGULATORY ENVIRONMENT