India Cement Market – Trends, Share [Latest] & Forecast

India cement market was valued at USD26023.83 million in 2022 & will growth in the forecast period with a CAGR of 8.98%, Sample Report.
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India cement market was valued at USD26023.83 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 8.98%, owing to rapidly increasing mega infrastructural projects, a rise in renovation and construction activities.

A cement is a binder, a substance used for construction that sets, hardens, and adheres to other materials to bind them together. Cement/concrete is the second-most-utilized product in the world after potable water. Cement used in construction is typically inorganic, based on lime or calcium silicate, and is classified as either non-hydraulic or hydraulic, depending on its capacity to set in the water.

Mega Infrastructural Projects Driving Market Growth

The economy of India relies heavily on the infrastructure industry. This sector is essential to India’s overall growth, and the government has placed a high priority on enacting regulations that would ensure the country’s building of world-class infrastructure promptly. Power, bridges, dams, highways, and urban infrastructure development are part of the infrastructure industry.

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The government of India has turned its attention to the infrastructure sector. India intends to invest USD1.4 trillion in infrastructure between 2019 and 2023 to ensure the country’s long-term prosperity. From 2018 to 2030, the government proposes investing USD 750 billion in railway infrastructure.

Rapid Urbanization Driving India Cement Market

An estimated 270 million people will be added to India’s urban population between now and 2040. Even with such rapid urbanization on a massive scale, the proportion of India’s population living in cities is anticipated to be less than 50% by 2040. Most of the structures that will exist in India in 2040 have yet to be constructed. Urbanization is driving a tremendous rise in total residential floor area, from less than 20 billion square meters today to more than 50 billion square meters in the next two decades. As a result, demand for energy-intensive building materials is expected to skyrocket. Steel demand doubles to 2040 in the STEPS, while cement consumption roughly triples.

Affordable Housing Schemes (Pradhan Mantri Awas Yojana) Driving Market

The Pradhan Mantri Awas Yojana (PMAY), launched in 2015, is a massive scheme promoting affordable housing in India. The principal goal of this program is to offer 20 million affordable housing units to people from low-income families by 2022. This program covers urban (PMAY-Urban) and rural (PMAY-Gramin) India, aiming to build dwellings with adequate sanitation, water, and power. While the former covers nearly 4000 cities and towns across India, the latter focuses on slums, villages, and other rural areas. Furthermore, the government has consistently attempted to promote the affordable housing segment through many welcome measures, such as the Pradhan Mantri Awas Yojana’s a credit-linked subsidy scheme (PMAY).

The Growing Population

After China, India is the world’s second most populated country. India’s population has recently surpassed one billion. According to the 2001 Indian Census, India has a population of 4 billion. On March 1, 2001, India had a population of 1027 million. The population-housing relationship is a two-way street. Moreover, population shifts result in shifting housing demand. Housing demand rises with population increase, particularly as the number of households rises. In the long run, population loss may lead to a fall in housing demand. However, the availability of housing impacts the chances for population growth through immigration and the formation of new households.

Market Segmentation

The India cement market is segmented based on type, application, region, and company. Based on type, the market is further fragmented into Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), Others. Also, segmentation of the market on grounds of the application is done into residential, commercial, infrastructure, industrial and institutional. Based on regional analysis the market is divided into North, South, East, and West.

Company Profiles

UltraTech Cement Ltd, Ambuja Cements Ltd, ACC Limited, Shree Cement Ltd, Dalmia Bharat Ltd, Birla Cement, India Cements Ltd, The Ramco Cements Limited, JK Lakshmi Cement Ltd and Orient Cement Ltd, are among the major market players that lead the market growth of the India cement market.

Attribute Details
Market size value in 2022 USD26023.83 Million
Revenue Forecast in 2028 USD43037.44 Million
Growth Rate 8.98%
Base Year 2022
Historical Years 2018 – 2021
Estimated Year 2023
Forecast Period 2024 – 2028
Quantitative Units Revenue in USD Million, Volume (Million Tons) and CAGR for 2018-2022 and 2023-2028
Report Coverage Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered ·         Type

·         Application

Regional Scope North; South; East; West
Key Companies Profiled UltraTech Cement Ltd, Ambuja Cements Ltd, ACC Limited, Shree Cement Ltd, Dalmia Bharat Ltd, The Ramco Cements Limited, JK Lakshmi Cement Ltd, Heidelberg Cement India Limited
Customization Scope 10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, India cement market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • India Cement Market, By Type:

o   Ordinary Portland Cement (OPC)

o   Portland Pozzolana Cement (PPC)

o   Others

  • India Cement Market, By Application:

o   Residential

o   Infrastructure

o   Commercial

o   Industrial

o   Institutional

  • India Cement Market, By Region:

o   South

o   North

o   West

o   East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India cement market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

 

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Table of Content-India Cement Market

  1. Product Overview
  2. Research Methodology
  3. Executive Summary
  4. Impact of COVID 19 on India Cement Market
  5. Voice of Customer

5.1.  Brand Awareness

5.2.  Key Satisfaction Level

5.3.  Major Challenges Faced

5.4.  Key Factors for Selecting Supplier

  1. India Cement Market Outlook

6.1.  Market Size & Forecast

6.1.1.      By Value & Volume

6.2.  Market Share & Forecast

6.2.1.      By Type (Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), Others)

6.2.2.      By Application (Residential, Commercial, Infrastructure, Industrial, Institutional)

6.2.3.      By Region

6.2.4.      By Company (2022)

6.3.  Product Market Map

  1. West India Cement Market Outlook

7.1.  Market Size & Forecast

7.1.1.      By Value & Volume

7.2.  Market Share & Forecast

7.2.1.      By Type (Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), Others)

7.2.2.      By Application (Residential, Commercial, Infrastructure, Industrial, Institutional)

7.2.3.      By Top 3 States

  1. South India Cement Market Outlook

8.1.  Market Size & Forecast

8.1.1.      By Value & Volume

8.2.  Market Share & Forecast

8.2.1.      By Type (Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), Others)

8.2.2.      By Application (Residential, Commercial, Infrastructure, Industrial, Institutional)

8.2.3.      By Top 3 States

  1. North India Cement Market Outlook

9.1.  Market Size & Forecast

9.1.1.      By Value & Volume

9.2.  Market Share & Forecast

9.2.1.      By Type (Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), Others)

9.2.2.      By Application (Residential, Commercial, Infrastructure, Industrial, Institutional)

9.2.3.      By Top 3 States

  1. East India Cement Market Outlook

10.1. Market Size & Forecast

10.1.1.    By Value & Volume

10.2. Market Share & Forecast

10.2.1.    By Type (Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), Others)

10.2.2.    By Application (Residential, Commercial, Infrastructure, Industrial, Institutional)

10.2.3.    By Top 3 States

  1. Market Dynamics

11.1.                Drivers

11.2.                Challenges

  1. Market Trends and Developments
  2. Policy & Regulatory Landscape
  3. Competitive Landscape

14.1.        UltraTech Cement Ltd

14.2.        Ambuja Cements Ltd

14.3.        ACC Limited

14.4.        Shree Cement Ltd

14.5.        Dalmia Bharat Ltd

14.6.        Birla Cement

14.7.        India Cements Ltd

14.8.        The Ramco Cements Limited

14.9.        JK Lakshmi Cement Ltd

14.10.     Orient Cement Ltd

  1. Strategic Recommendations

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