Philippines Cement Industry – Market Analysis, Forecasts and Opportunity Assessment (2016-2023)

Report on Philippines Cement Industry – Market Analysis, Forecasts and Opportunity Assessment (2016-2023)

Introduction to Philippines Cement Industry

The word “cement” can be traced back to the Roman term opus caementicium. Cement is the basic material that is used in construction as an adhesive for binding sand and gravel. Cement industry is considered as one of the core industries which is vital for growth of any economy. It is a vital input for infrastructure building and its production is directly linked with performance of other sectors like coal, power, construction and transportation. It also provides employment to low and semi-skilled labours which is essential for inclusive economic growth.

End-user/Technology

Usually inorganic can be characterized into hydraulic or non-hydraulic, depending on the ability of the cement to set in the presence of water. Cement is a powdered mixture of limestone, clay and sand and acts as a binding unit in forming concrete. It is the backbone of construction sector. It is used for foundations of buildings foundations, concrete slabs, roofing tiles, roads etc. It also has other applications like, usage in mortar for masonry work and plastering, joints of drains, construction of dams, tunnels, pipes, bridges etc.

Market Dynamics

The cement market in the Philippines has been increasing steadily over the past decade (2007 – 2017), it is totaled to approximately 27.8M by quantity as of 2017, an increase of 7% against the previous year. Swift construction growth especially in the infrastructure sector, against strong economic development in the country appears as the primary reasons for market expansion. The Philippines cement market earned a total revenue of USD 3.6 Billion in 2017. This figure reflects the total revenue of producers and importers.

Market Segmentation

Cement industry has been segmented based on end uses, cement type and geography. According to end uses cement has been segmented into residential applications and non-residential applications. Also, based on cement type, it has been segmented into General Purpose (GP), General Blend(GB), which is a blend of GP and other materials like fly ash, General Limestone(GL), which is a mix of GP/GB with higher proportion of limestone, and other specialized cements like SL(Shrinkage Limited), Early Strength (EA) and Sulphate Resistant(SR). GP segment remains the most dominant segment based on cement type and is projected to maintain the status quo in the coming years.

Regional/Geographic Analysis 

 In 2017, Micronesia was almost the only consumer of cement from the Philippines. Cement export in the Philippines remains negligible, the reason for the same being the growth of the infrastructure sector in the Philippines. Philippines imports cement from Vietnam, China, Thailand and Indonesia to satisfy their cement needs.

Opportunities

There is plethora of opportunities in the sector especially due to its link with residential construction sector. Cement production has been steadily increasing over the past decade, against a robust surge in demand. Many manufacturers are planning to expand their production capacity, as government initiatives, in terms of infrastructure construction projects, intensify.

Key Players

Main players in the market are Cemex Philippines, Holcim Philippines inc, Eagle cements to name a few.

The report contains a comprehensive analysis on:

  • Philippine Cement Industry Segments
  • Philippine Cement Industry Drivers, Restraints and Opportunities
  • Philippine Cement Industry Size & Forecast 2016 to 2022
  • Supply & Demand Value Chain
  • Philippine 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.

 Report Highlights:

  • 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

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