Industrial construction projects pipeline stands at US$1.1 trn in Asia-Pacific
According to the new report from Timetric’s Construction Intelligence Center (CIC), the total value of the industrial construction projects pipeline in APAC stands at US$1.1 trillion, with India, China and Indonesia accounting for the largest shares, with project pipelines valued at US$460.6 billion, US$181.0 billion and US$149.2 billion, respectively.
Based on the projects tracked by the CIC, the metal and material production plants sector has the highest value pipeline, at US$400.6 billion largely driven by the number of steel, aluminium and cement plants planned for the region. India accounts for the majority of this value with US$250.0 billion showing its significant investment in this category and has the highest value project, the US$10.0 billion Angul Integrated Steel and Power Plant. Manufacturing takes the second highest value with US$361.3 billion which is led by China with projects valued at US$101.9 billion. China leads in the manufacturing category of industrial buildings showing its long standing predominance in manufacturing ranging from automotive parts to electronic components.
Although the mining sector in Australia has been in decline due to a reduction in demand particularly from China, the country leads the metal and material processing plants category taking US$56.0 billion of the total US$81.8 billion value. The extensive coal and ore mining and processing facilities in the country drive the sector with Australia accounting for the highest value project the US$12.0 billion Carmichael Coal Mine Development.
Neil Martin, Manager at Timetric’s CIC comments: “Asia-Pacific is a major industrial region in the world economy and this is reflected in the US$1.1 trillion of projects in the planning pipeline. India has a much higher proportion of projects at the pre-execution stages than China which demonstrates the strength of investment for industrial construction in the planning pipeline. China has the highest value of projects at the execution phase however the slowdown in the economy is reflected in the lower investment for future projects. Indonesia, a booming economy in the region has a higher value of projects in the pre-execution stages than China showing its increasing strength in the industrial sector.”
About this report
This information is taken from the Timetric report: ‘Industrial Construction Projects in Asia-Pacific’. It is based on Timetric’s comprehensive CIC projects database which provides details on over 85,000 projects worldwide.
About the Construction Intelligence Center
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Source: Company Press Release