Japan Cement Industry – Market Analysis, Forecasts and Opportunity Assessment (2017-2023)
Report on Japan Cement Industry – Market Analysis, Forecasts and Opportunity Assessment (2017-2023)
Introduction to Japan Cement Industry
The global cement market is expected to reach over US$ 725 Billion by 2025, expanding at a CAGR of 7.3% from 2017 to 2025.
Cement demand is expected to grow at a rate of 7.3% between 2017 and 2025; factors such as increasing urbanization and industrialization are currently fueling the growth of the global cement market.
Cement industry is highly fragmented with existence of large, medium, and small manufacturers across the world. Lafarge is the largest manufacturer and holds the major market share in the cement market globally. Producers are also involved in development in manufacturing of colored cement to cater the changing demand of end-use customers.
The Japanese cement industry commenced the actual production of cement in 1875. The decades since have witnessed the relented pursuit of technological development, economic growth as a construction basic materials industry and other steady expansion and progress. Today, the sector ranks as a world leader in terms of production, quality, energy-saving technology, labor productivity, industrial waste and byproduct technological initiatives and on other fronts.
As of April 2017, the industry’s production scale spanned 30 plants owned by 17 companies, supporting clinker production capacity of 55 million tons.
China produces more cement than the rest of the world combined. China, which is already by far the largest market for cement in the world, will show the largest increase in total amount of cement sold. Other developing parts of the Asia/Pacific region and Eastern Europe, as well as a number of nations in the Africa/Middle-East and Latin American regions will also record above-average cement market gains, fueled by a robust construction outlook.
Cement industry has devoted substantial effort to introducing innovative procedures in cement production. Considerable resources have been spent in recent years to investigate emerging and hopefully non-controversial and non-polluting technologies. Unfortunately, many such technologies have low capacities (some are still under development), are technically sophisticated, and currently not affordable by many developing countries.
The cement sector has thrived in recent years as a result of a boom in the real estate sector, as well as large infrastructure projects. Non-residential/Infrastructure sector dominated the global cement market in 2016, accounting for over 66.0% of the overall revenue. China, India, and Japan are poised to lead the demand for cement for infrastructure projects over the forecast period. The World Bank predicts that these three countries are expected to attract 39% of the global infrastructure investments in the coming years.
Megaprojects such as China’s One Belt and One Road (OBOR) infrastructure program are likely to stir up the demand for cement during the forecast period.
The market is segmented in terms of the cement type (Portland cement and blended cement), geography, end user and by the application. In cement types, Portland cement can be further divided into ordinary and high early strength. On the other hand, blended cement can be further divided in to blast furnace slag, fly-ash and others.
Ongoing construction practices in both developed, as well as the developing countries, the purchasing power of the end user, the GDP of the country indicative of its relative affluence, and the rise in applications, drive the market.
Japan is shipping more cement abroad to make up for slack demand at home.
The country’s cement exports are projected to be more than 6% higher than last year’s. Thanks in part to the yen’s depreciation, Japanese cement producers see opportunities for bigger profits on exports. They are looking toward Asian markets, in particular, as demand for cement is growing as construction of ports and other infrastructure picks up.
Globally, there has been a growth in demand for construction material due to rapid urbanization. The growth primarily is expected from new housing however, restoration projects will also have a positive impact with both public and private restoration efforts growing. Technological advancements are also expected to further fuel this demand.
Japan’s cement market is dominated by four producers – Taiheiyo Group, Mitsubishi Materials, Ube Industries and Sumitomo Osaka Cement – which hold nearly three-quarters of the nation’s production capacity between them.
Major Trade Partners
Japan cement industry major trade partners are United States, China, South Korea, Taiwan, Hong Kong etc.
The report contains a comprehensive analysis on:
- Japan Cement Industry Segments
- Japan Cement Industry Drivers, Restraints and Opportunities
- Japan Cement Industry Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Japan Cement Industry Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macro-economic factors and other qualitative and quantitative insights. The impact of all such factors are delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- In-depth Market Segmentation
- Historical and Projected Market Sizing in terms of volume and value
- Recent market trends and Impact Factors
- R&D Status and Technology Overview
- Extensive Industry Structure Coverage