India Cement Market Overview and Insights:
According to MarkNtel Advisors Report, the India Cement Market size was valued at around 3.96 billion tons in 2024 and is projected to reach 5.1 billion tons by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.1% during the forecast period, i.e., 2025-30.
India Cement Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
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Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2020-23
- Base Year: 2024
- Forecast Period: 2025-2030
India Cement Market Opportunity
Expansion of Road Networks – In India, most of the transportation and logistical activities happen through roadways. The increasing spending on expanding the road networks of the country has resulted in massive consumption of cement in the country. Moreover, MoRTH has seen a rise of around 3% in its budget to USD32.3 billion in FY25. This highlights the strong expansionary outlook for the Indian road networks in the country. The Bharatmala project of the GoI which has completed 15,549 km of roads till FY24 is planning to complete the rest of 19,251 km of Bharatmala Phase-I by 2028. This will boost the demand for cement in India leading to market growth over the forecasted period.
Who are the Key Players Operating in the India Cement Industry?
The top companies of the India Cement market ruling the industry are:
- UltraTech Cement
- Ambuja Cement
- Shree Cement
- ACC Limited
- Dalmia Bharat Group
- JK Cement
- Nuvoco Vistas Corporation Ltd.
- Ramco Cement
- Birla Corporation Ltd.
- Prism Johnson Ltd.
- JK Lakshmi Cement Ltd.
- India Cements
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What is Included in India Cement Market Segmentation?
The report has segmented the market into the following categories:
By Type
- Blended
-- Portland Slag Cement (PSC) - Market Size Forecast 2020-2030F, Million Tonnes
-- Portland Pozzolana Cement (PPC) - Market Size Forecast 2020-2030F, Million Tonnes
-- Portland Composite Cement (PCC) - Market Size Forecast 2020-2030F, Million Tonnes
- Ordinary Portland Cement (OPC)- Market Size Forecast 2020-2030F, Million Tonnes
- Others- Market Size Forecast 2020-2030F, Million Tonnes
By End Users
- Residential - Market Size Forecast 2020-2030F, Million Tonnes
- Infrastructure- Market Size Forecast 2020-2030F, Million Tonnes
- Commercial - Market Size Forecast 2020-2030F, Million Tonnes
- Industrial – Market Size Forecast 2020-2030F, Million Tonnes
Residential is the largest end-user in the India Cement Market with a market share of more than 55% in 2024. This is primarily because housing in India is considered an important requirement for an individual, leading to healthy demand in the market throughout the year. This leads to major cement companies actively targeting this segment. This is seen in the rapidly growing bank credit outstanding in India towards the housing sector. As per the RBI’s data on the sectoral development of bank credit, the outstanding housing credit stood at around USD 323.7 billion in March 2024, which has risen from USD 205.2 billion in March 2022.
By Region
- North Central
- South
- East
- West
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Frequently Asked Questions (FAQs)-
- What are the industry's overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- How has the India Cement industry been evolving in terms of geography adoption?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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