According to GlobalData, the value of China construction market is forecast to grow by 4.4% in real terms in 2024, having grown by 4.4% in 2023. A key growth market will be the infrastructure market, with output rising by 18.0% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five chemical and pharmaceutical construction projects that commenced in China in Q4 2024, according to GlobalData’s construction projects database.
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1. Shuangyashan Green Methanol and Green Aviation Fuel Demonstration Base
The project involves the construction of a green methanol and green aviation fuel demonstration base with an annual production of 200,000 tons of green methanol and 300,000 tons of green aviation fuel in Shuangyashan, Heilongjiang.
Construction work started in Q4 2024 and is expected to be completed in Q4 2028.
2. Baicheng Green Hydrogen Ammonia Alcohol Integrated Facility
The project involves the construction of a green hydrogen ammonia integrated demonstration plant with an annual output of 300,000 tons of green methanol in Tongyu County, Baicheng.
Construction work commenced in Q4 2024 and is expected to finish in Q3 2027.
3. Shijiazhuang Vaccine Production Base
The project involves the construction of a vaccine production base on a 11.80ha site area in Shijiazhuang, Hebei.
Construction work started in Q4 2024 and is forecast to complete in Q4 2026.
4. Ordos Green Hydrogen and Methanol Plant
The project involves the construction of a green hydrogen and methanol production plant with a production capacity of 100,000 tons of green methanol per annum in Ordos, Inner Mongolia.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2027.
5. Wuxi New Drug R&D and Production Base
The project involves the construction of a new drug R&D and production base in Wuxi, Jiangsu.
Construction work started in Q4 2024 and is expected to be completed in Q4 2025.
For more details on the latest construction projects, buy the profiles here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
