Increase in Construction Activities Expected to Drive Vietnam Cement Industry: Ken Research
by Rati Ram Business DeveloperAccording to study, “Vietnam
Cement Comprehensive Report Q4/2019”
the key companies operating in the Vietnam cement industry are Ha Tien 1 Cement
Joint Stock Company, VICEM Hoang Thach Cement Company, VissaiNinhBinh Cement
Corporation., VICEM But Son Cement Joint Stock Company, Nghi Son Cement Company,
VICEM Hoang Mai Cement Joint Stock Company, Bim Son Cement Joint Stock Company,
QuangNinh Cement and Construction Joint Stock Company, Thang Long Cement Joint
Stock Company, Sai Son Cement Joint Stock Company. The depletion of fossil fuel
reserves and rise in environmental concerns have prompted cement manufacturers
to introduce improved production methods & formulations. Key companies are
forming mergers & acquisitions (M&A) and joint ventures to increase
their market presence & product portfolio. Rapid investments are being made
by companies to expand their capacities.
Cement is a construction material made by grinding a
combination of clay and limestone. It binds together other materials through a blend of chemical processes collectively known as
setting. It is a dry powder. It is an important constituent of mortars or
concretes as it acts as the 'glue' that gives strength to structures.Depending
on its capability to set in the existence of water, it is categorized as
hydraulic and non-hydraulic. Hydraulic cement hardens quickly owing to a
chemical reaction between water and dry ingredients. Non-hydraulic cement
reacts with carbon dioxide (CO2) in the environment to set and provides optimal
resistance against chemicals. Cement is a backbone of the infrastructure sector
as it is utilized for mass constructions, for instance civil works, industrial
estates and dwellings.
Based on type, Vietnam cement industry is segmented
into blended cement (slag, limestone, pozzolana, slag), Portland cement and
others (colored cement, composite cement, low-alkali cement, air-entraining
cement). Blended cement segment holds major share in market owing to its
characteristics for instance improved workability & pump ability, reduced
water demand and reduced crack formation due to thermal stress. Portland cement
is used to produce concrete which is further used in the construction of
panels, beams, and in mega-structures such as roads and dams. The segment is
estimated to witness higher growth rate as it can be used for all basic type of
construction purposes during the forecast period. Portland cement is further
divided based on their chemical and physical properties. In addition, based on
end-use, market is segmented into commercial construction, residential
construction, and infrastructure.
The Vietnam cement industry is driven by increase in
construction activities, followed by expansion of civil engineering sector, increase
in disposable income, favorable demographics, growth in demand for green
cement, rise in urbanization and increase in infrastructure projects in
developing regions. However, danger of getting exposed to diseases for instance
lung cancer may impact the market. Moreover, rise in investment by government
on residential as well as public work sectors is a key opportunity for market.
Furthermore, growth in trend of nuclear families is a major trend for market.
In upcoming years, it is predicted that the Vietnam
cement market will be reached at rapid pace as a result of growth in
development in technology & commercial establishments, increase in need for
accommodation, and rise in disposable income during the forecast period.
For More
Information, refer to below link:-
Related
Reports:-
Global
Portland Cement Market Research (2015-2019) and Future Forecast (2020-2025)
Global
Cementing Unit Market Research (2015-2019) and Future Forecast (2020-2025)
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Ankur@kenresearch.com
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Created on Feb 26th 2020 00:43. Viewed 328 times.