Demand for cement in China will rise six percent annually through 2012, driven by rising construction spending. Nonresidential building construction will stay the largest end use, while nonbuilding construction grows the fastest. Contractors will remain the largest market while ready-mix concrete grows most rapidly.

This study analyzes the 317 billion yuan Chinese cement industry. It presents historical demand data for the years (1997, 2002 and 2007) and forecasts for 2012 and 2017 by product (e.g., blended cement, Portland cement), end use (e.g., residential building construction, nonresidential building construction, nonbuilding construction), market (e.g., construction contractors, concrete products) and Chinese geographic region.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 32 industry participants, including Anhui Conch, China Shanshui (Hong Kong) and China National Building Material.

TABLE OF CONTENTS


SECTION                                                                      PAGE

               INTRODUCTION                                                    ix

          I.   EXECUTIVE SUMMARY                                                1
            
         II.   MARKET ENVIRONMENT                                               4
               General                                                          4
               Economic Overview                                                4
                   Recent Economic Performance                                  5
                   Economic Outlook                                             7
               Demographic Overview                                             8
                   Population                                                   9
                   Households                                                  11
               Industrialization & Manufacturing Trends                        12
               Construction Outlook                                            15
                   Residential Building                                        17
                     New Housing                                               20
                     Improvements & Repairs                                    21
                   Nonresidential Building                                     22
                     New Construction                                          24
                     Improvements & Repairs                                    25
                   Nonbuilding Construction                                    26
                     Roads & Other Transportation Infrastructure               28
                     Utilities & Other                                         30
                     New Construction                                          31
                     Maintenance & Repairs                                     32
               The Eleventh Five-Year Plan                                     33
               Legal & Regulatory Issues                                       34
               Technology & Quality Trends                                     35
               Pricing Patterns                                                36
               International Environment                                       38
                   World Outlook                                               40
                   Foreign Trade                                               41

        III.   PRODUCTS                                                        43
               General                                                         43
               Product Categories                                              46
               Blended Cement                                                  47
                   Types                                                       49
		   Strength Grades                                             51
                   Raw Materials                                               52
               Portland Cement                                                 53
               Specialty & Other Cements                                       55
                   Specialty                                                   56
                   Other                                                       58

         IV.   END USES                                                        60
               General                                                         60
               Residential Building Construction                               63
                   By Structure                                                65
                     Single Family                                             67
                     Multiple Family                                           67
                   By Application                                              68
               Nonresidential Building Construction                            69
                   By Structure                                                70
                   By Application                                              72
               Nonbuilding Construction                                        73
                   By Structure                                                75
                   By Application                                              77

          V.   MARKETS                                                         79
               General                                                         79
               Construction Contractors                                        81
               Concrete Products                                               82
               Ready-Mix                                                       84
               Consumers                                                       87
               Other                                                           89

         VI.   REGIONAL TRENDS                                                 91
               General                                                         91
               Regional Demographic & Economic Trends                          93
                   Population Patterns                                         94
                   Economic Outlook                                            96
               Regional Construction Expenditures                              97
               Regional Cement Demand                                          99
		   Central-North                                              101
                     Overview                                                 101
                     Cement Demand                                            103
                   Northeast                                                  105
                     Overview                                                 105
                     Cement Demand                                            108
                   Central-East                                               109
                     Overview                                                 109
                     Cement Demand                                            111
                   Central-South                                              113
                     Overview                                                 113
                     Cement Demand                                            115
                   Southwest                                                  117
                     Overview                                                 117
                     Cement Demand                                            118
                   Northwest                                                  120
                     Overview                                                 120
                     Cement Demand                                            122

        VII.   INDUSTRY STRUCTURE                                             125
               General                                                        125
               Industry Composition                                           126
               Market Share                                                   128
               Foreign Participation in the Chinese Market                    130
                   Legal & Regulatory Issues                                  131
                   Joint Ventures                                             133
                   Wholly Owned Foreign Enterprises                           134
                   Representative Offices                                     136
               Technological Issues                                           136
               Role of Government                                             137
               Marketing & Distribution                                       137
               Cooperative Agreements                                         139
               Acquisitions & Divestitures                                    143
               Financial Issues & Requirements                                147
               Company Profiles                                               148
                   Anhui Chaodong Cement Company,
                     see Anhui Conch Cement
		   Anhui Conch Cement Company Limited                         149
                   Asia Cement Corporation                                    152
                   BBMG Group Company Limited                                 154
                   Binani Industries Limited                                  157
                   Chia Hsin Cement Greater China, see Taiwan Cement
                   China Century Cement, see HeidelbergCement
                   China National Building Material Group Corporation         158
                   China National Materials Group Corporation                 161
                   China Resources (Holding) Company Limited                  162
                   China Shanshui Cement Group Limited                        165
                   China United Cement Company,
                     see China National Building Material Group
                   Dalian Huaneng Onoda Cement Company,
                     see Taiheiyo Cement
                   Datong Cement Group,
                     see China National Building Material Group
                   Fujian Cement Incorporated                                 166
                   Gansu Qilianshan Cement Company Limited                    167
                   Hebei Taihang Cement Group, see BBMG Group
                   HeidelbergCement AG                                        169
                   Heilongjiang Haolianghe Cement Company,
                     see China National Building Material Group
                   Henan Anyang Hubo Cement Company Limited                   171
                   Holcim Limited                                             172
                   Hongshi Holding Group Company Limited                      173
                   Huaxin Cement Company, see Holcim
                   Jiangnan-Onoda Cement Company, see Taiheiyo Cement
                   Jiangxi Lanfeng Cement Company Limited                     175
                   Jiangxi Wannianqing Cement Company Limited                 176
                   Jilin Yatai Group Company Limited                          178
                   Jinan Sunnsy Group, see China Shanshui Cement Group
                   Lafarge SA                                                 180
                   Mitsubishi Materials Corporation                           182
                   Nanfang Cement Company,
                     see China National Building Material Company
                     and Jiangxi Wannianqing Cement Company
                   Qinhuangdao Asano Cement Company, see Taiheiyo Cement
			Rizhao Gangyuan Cement Company,
                     see China National Building Material Group
                   Shaanxi Qinling Cement (Group) Company Limited             184
                   Shandong Yizhou Cement Group                               185
                   Shui On Construction and Materials Limited                 186
                   Sichuan Shuangma Cement Company,
                     see Lafarge and Shui On Construction and Materials
                   South Cement Company,
                     see China National Building Material Group
                   Taiheiyo Cement Corporation                                190
                   Taishan Cement Group Company,
                     see China National Building Material Group
                   Taiwan Cement Corporation                                  192
                   Taiyuan Lionhead Cement Company Limited                    194
                   Tangshan Jidong Cement Group Company Limited               195
                   TCC International, see Taiwan Cement
                   Tianrui Group Cement Company Limited                       196
                   Tianshui Qilianshan Cement Company,
                     see Gansu Qilianshan Cement Company
                   Xinjiang Tianshan Cement Company Limited                   197
                   Zhejiang Hushan Group                                      199
                   Zhejiang Jianfeng Group Company Limited                    200
                   Zhejiang Jinyuan Cement Company Limited                    201
                   Zhejiang Leomax Group Company Limited                      202


                                LIST OF TABLES
                                        
TABLE NUMBER                                                                 PAGE

               SECTION I -- EXECUTIVE SUMMARY
               Summary Table                                                    3

               SECTION II -- MARKET ENVIRONMENT
           1   Gross Domestic Product of China                                  8
           2   Population of China                                             10
           3   Households in China by Region                                   12
           4   Manufacturing Value Added in China                              15
           5   Construction Expenditures in China                              16
           6   Residential Building Construction Expenditures in China         20
           7   Nonresidential Building Construction Expenditures in China      24
           8   Nonbuilding Construction Expenditures in China                  28
           9   Paved Roads in China by Region                                  30
          10   Cement Pricing Patterns in China                                38
          11   World Cement Demand by Region                                   41
          12   Chinese Foreign Trade in Cement                                 42

               SECTION III -- PRODUCTS
           1   Cement Demand in China                                          45
           2   Major Product Categories of Cement in China                     47
           3   Blended Cement Demand in China by Market                        49
           4   Blended Cement Demand in China by Type                          51
           5   Blended Cement Demand in China by Grade                	       52
           6   Blended Cement Composition in China by Material                 53
           7   Portland Cement Demand in China                                 55
           8   Specialty & Other Cement Demand in China                        56

               SECTION IV -- END USES
           1   Cement Demand in China by End Use                               62
           2   Residential Building Cement Demand in China                     65
           3   Nonresidential Building Cement Demand in China                  70
           4   Nonbuilding Construction Cement Demand in China                 75

               SECTION V -- MARKETS
           1   Cement Demand in China by Market                                80
           2   Construction Contractor Market for Cement in China
                   by Region                                                   82
           3   Concrete Product Market for Cement in China by Region           84
           4   Ready-Mix Market for Cement in China by Region                  87
	   5   Consumer Market for Cement in China by Region                   89
           6   Other Markets for Cement in China by Region                     90

               SECTION VI -- REGIONAL TRENDS
           1   Population of China by Region                                   96
           2   Gross Domestic Product of China by Region                       97
           3   Construction Expenditures in China by Region                    99
           4   Cement Demand in China by Region                               100
           5   Central-North Region of China: Cement Demand                   105
           6   Northeast Region of China: Cement Demand                       109
           7   Central-East Region of China: Cement Demand                    113
           8   Central-South Region of China: Cement Demand                   116
           9   Southwest Region of China: Cement Demand                       120
          10   Northwest Region of China: Cement Demand              	      124

               SECTION VII -- INDUSTRY STRUCTURE
           1   Revenue Data: Selected Cement Companies, 2007                  127
           2   Selected Cooperative Agreements                                140
           3   Selected Acquisitions & Divestitures                           145

                                LIST OF CHARTS
                                        
CHART NUMBER                                                                 PAGE

               SECTION II -- MARKET ENVIRONMENT
           1   Population of China by Age                                      11
           2   Construction Expenditures in China by End Use, 2007             17

               SECTION III -- PRODUCTS
           1   Cement Demand in China by Product, 2007                         45

               SECTION IV -- END USES
           1   Cement Demand in China by End Use, 2007                         62

               SECTION V -- MARKETS
           1   Cement Demand in China by Market, 2007                          80

               SECTION VI -- REGIONAL TRENDS
           1   Cement Demand in China by Region, 2007                         101
           2   Central-North Region of China                                  103
           3   Northeast Region of China                                      107
           4   Central-East Region of China                                   111
           5   Central-South Region of China                                  115
           6   Southwest Region of China                                      118
           7   Northwest Region of China                                      122

               SECTION VII -- INDUSTRY STRUCTURE
           1   Cement Market Share in China by Company, 2007                  128