Ten Key Words Review 2025 Cement Industry: Exploring New Opportunities in Adjustment and Transformation

In 2025, the domestic cement industry stood at the key crossroads of demand adjustment and industrial transformation, and steadily moved forward in the throes of capacity reconstruction and the resilience of breakthrough exploration.

In this year, the wave of clinker line replacement reshaped the market structure, the global layout broadened the development boundary, and the carbon market was included in the new journey of green transformation. At the same time, multiple variables such as personnel iteration, market fluctuation and project adjustment were intertwined, which accelerated the evolution of the industry to a new stage of stock optimization and coordinated development.

1," In

2025, the production capacity of domestic cement clinker production lines was replenished on a large scale, which profoundly changed the domestic cement market pattern. Enterprises take this opportunity to optimize and adjust the layout of production capacity. In high-quality markets, such as along the Yangtze River and the Pearl River Delta, a large amount of production capacity is added from other provinces, while in inferior markets, a large amount of cement clinker production capacity flows out, such as Guizhou, which adds more than 13.1 million tons of production capacity to other provinces. Statistics from

China Cement Network show that as of December 30, nearly 330 clinker lines in China have completed their production capacity, totaling 114 million tons of production capacity. 1. Anhui has the largest supplementary production capacity, reaching 14.35 million tons; In addition, Guangdong provinces put in 10.26 million tons of production capacity, Anhui provinces put in 1015. Guizhou withdrew 21.245 million tons of production capacity, ranking first; Hunan withdraws from 1364.

" In terms of asset acquisition, Huaxin Cement 's two major overseas mergers and acquisitions have attracted the attention of the industry, one is the acquisition of Brazil's Embu Aggregate Company for 180 million US dollars, and the other is 55. Up to now, the overseas clinker production capacity of China's cement enterprises has exceeded 100 million tons, an increase of 17.01% over the same period last year. Among them, the top three enterprises include 26.598 million tons of Huaxin Cement and 18.035 million tons of Taiwan Cement . Conch Cement 1646.

Yufeng Cement exports to Brunei,

was affected by the price at the end of last year." Cement prices started at a high level. At the beginning of the year, the average price of cement in China was once close to 400 yuan/ton, and then went down in shock, and continued to bottom out in July-September. The fourth quarter, as the traditional peak season, became the low point of the whole year's price, and almost the whole second half of the year's national market was in a state of low volatility. At the end of the year, cement prices around the country continued to push up, but the implementation was not good, and the overall market did not improve. By the end of December, the average price of cement in China had dropped by about 80 yuan/ton compared with the beginning of the year. Cement prices were at a low level at the end of the year, which not only squeezed the profit margins of enterprises, but also cast a shadow on the start of the industry market in 2026. Enterprises generally took measures of "limiting production and guaranteeing prices" to cope with the market downturn.

6. Strategic cooperation

In the face of declining market demand and intensified competition in the industry, in 2025, domestic cement enterprises increased the linkage between upstream and downstream industrial chains, and signed strategic cooperation contracts with construction enterprises, forming a breakthrough idea of "group development".

According to the incomplete statistics of China Cement Network, in 2025, domestic cement giants signed at least 23 strategic cooperation agreements with construction enterprises alone. These include: Conch Group and China Railway Construction, China National Building Material and China Huadian, Conch Cement and Western Construction, China Resources Building Material Technology and Hainan Holdings, China National Building Material and Xizang Construction Engineering, Huaxin Cement and China Railway 20th Bureau, Jinyu Jidong and China Railway First Bureau.

7. Capacity List

In 2025, due to the large-scale capacity replenishment in the industry and the continuous promotion of mergers and acquisitions in the industry. For example, Jidong Cement's acquisition of Liaoning

According to the list data, by 2025, there will be 1344 cement clinker production lines in China, 173 fewer than in 2024; the clinker production capacity will be 1.712 billion tons, a decrease of 81.2278 million tons; 5 clinker production lines will be put into operation in the whole year, with a total capacity of 9.403 million tons; 92 production lines were put into production overseas, totaling 1024 7.

In the "2025 Top 20 Global Ranking of Clinker Production Capacity of Chinese Cement Enterprises", the production capacity of Western Cement Xinjiang was sold to Conch Cement, and the total production capacity fell out of the top ten, ranking 11th; China's clinker production capacity of building materials decreased by 16.8234 million tons, which is the largest reduction of clinker production capacity in domestic enterprises; After large-scale overseas mergers and acquisitions, Huaxin Cement's overseas production capacity reached 2659.

8. Steady growth

China Cement Network predicts that the national cement output in 2025 will be about 1.69 billion tons, down about 7.5% from the same period last year. Compared with the historical peak of 2.476 billion tons in 2014, it decreased by about 786 million tons, with a decline of about 31. In the face of declining demand, overcapacity is still the primary contradiction in the current industry. Stabilizing the market situation and realizing the "steady growth" of the industry are the key points to cross the cycle and achieve sustainable development.

In 2025, cement enterprises in the industry will continue to hold high the banner of steady growth and strive to maintain the development of the industry.At the policy level, the Ministry of Industry and Information Technology, together with the Ministry of Natural Resources and the Ministry of Ecology and Environment, issued the Work Programme for Steady Growth of Building Materials Industry (2025-2026), proposing to focus on quality and efficiency, strengthen the deep integration of scientific and technological innovation and industrial innovation, and pay attention to the synergy between supply and demand, so as to strictly prohibit new production capacity and carry out risk warning. To upgrade traditional building materials and develop excellent supply of advanced inorganic non-metallic materials, to promote transformation through digital and green transformation, to tap the potential of traditional consumption and cultivate new applications to expand demand, to accelerate the cultivation of new quality productivity, to further improve the resilience and safety level of the industrial chain, and to achieve effective improvement of quality and reasonable growth of quantity.

First, the world's largest hydropower project in the lower reaches of the Yarlung Zangbo River was officially announced to start construction. Total project investment 1.

Subsequently, various provinces and municipalities in China took active action to release the list of key emission units in the carbon emission trading market (cement industry) in 2025, and more than 1000 cement enterprises in China were included in the list. In order to do a good job in carbon emission reduction and give full play to the role of market mechanism regulation, by November 17, the Ministry of State Environment officially issued the "Total Quota and Distribution Plan for Steel, Cement and Aluminum Smelting Industries in the National Carbon Emission Trading Market in 2024 and 2025" to provide support for the industry to achieve the "double carbon" goal.

Looking ahead, facing the continuous decline in demand, the cement industry needs more courage and greater courage to meet the continuing challenges.