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 Q3 2024, according to GlobalData’s construction projects database.
1. Dalian Hydrogen-Based Energy Center
The project involves the construction of a hydrogen-based energy center in Changxiang Island, Dalian.
Construction work started in Q3 2024 and is expected to be completed in Q4 2027.
2. Siziwang Banner Wind-Solar-Hydrogen-Ammonia Integrated Facility
The project involves the construction of a wind-solar-hydrogen-ammonia integrated facilities in Siziwang Banner, Ulanqab, Inner Mongolia.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2027.
3. Urumqi International Industrial Park
The project involves the construction of an international industrial park on a 26.66ha site area with a 300,000m2 gross floor area (GFA) in Xinshi District, Urumqi, Xinjiang.
Construction work started in Q3 2024 and is forecast to complete in Q4 2032.
4. Zhijiang New Chemical Material Production Plant
The project involves the construction of a new chemical Material production plant on 32ha of land in Zhijiang County, Yichang, Hubei.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2025.
5. Xiamen Lithium Iron Phosphate Production Base
The project involves the construction of a lithium iron phosphate production base with a capacity of 200,000 tonnes per annum in Xiamen, Fujian.
Construction work started in Q3 2024 and is expected to be completed in Q4 2026.
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.
