By 2029, the India Cement Market is expected to reach 404.11 million tons in terms of production volume, thanks to growth in the infrastructure segment. The report analyzes market dynamics by region and end-user industries.
India Cement Market Overview:The India Cement overall production stood at 277.61 million tonnes in 2022, and it is expected to reach 404.11 million tons by 2029 with a CAGR of 5.51% during the forecast period. The cement industry has extensive forward and backward ties to a country's economy. The value proposition of the cement industry is even bigger for a rising and transitioning economy like Indian, given the huge infrastructural requirements of an expanding and urbanizing country, as well as its contributions in terms of direct and indirect jobs.To know about the Research Methodology :- Request Free Sample Report With the inauguration of many projects spanning manufacturing, housing, and education, the Indian government has emphasized its commitment to infrastructure development. The cement sector is at the center of all planned infrastructure development, and as one of the country's eight essential industries, it offers a unique value proposition for laying the foundations for a new Indian. The India Cement sector's entire installed capacity is over 545 million tonnes per year, while 337 million tonnes of cement were produced in 2021-22, indicating a capacity utilization of around 62%. The India Cement Industry, which is dominated by domestic market players, has been an initial step in terms of adapting to changing socio-economic and environmental paradigms, whether it's through the adoption of new technology, higher environmental requirements, or repurposing waste from other industries.
India Cement Market Dynamics:
Rising infrastructure post-pandemic:The India Cement business, which accounts for about 7% of the installed capacity, is the world's second-largest cement industry, second only to China. It is also the fourth-largest revenue contributor to the exchequer and the second-largest revenue contributor to the Indian Railways, contributing nearly US $7.14 billion (INR 50,000 crore) per annum to the government via taxes and levies, and about US $1.29 billion (INR 9,000 crore) per annum to the Indian Railways through freight. Indian's infrastructure and construction sectors have a lot of room for growth, and the cement industry is likely to profit greatly from it. Some recent initiatives, such as the development of 98 smart cities, are expected to provide the sector with a significant boost. Several foreign players, including Lafarge-Holcim, Heidelberg Cement, and Vicat, have recently invested in the country thanks to favorable government policies. The ready availability of raw resources for creating cement, such as limestone and coal, is a crucial aspect that promotes the growth of the India Cement industry.
Supportive Government policies:The government has been allowing private sector investment programs to assist them in driving the India Cement business. The following are some of the government's recent initiatives: • In July 2021, For the cement sector, the government established a council of 25 members (including UltraTech Cement MD Mr. K C Jhanwar and Dalmia Bharat Group CMD Mr. Puneet Dalmia) to decrease waste, achieve maximum production, improve quality, lower costs, and encourage product standardization. • The government allocated an allocation of Rs. 1,18,101 crore (US $16.22 billion) for the Ministry of Road Transport and Highways in the Union Budget 2021-22, which is expected to drive cement consumption.
Rising investments in the sector:Cement and gypsum products drew US $5.87 billion in Foreign Direct Investment (FDI) between April 2000 and March 2021, according to data supplied by the Department for Promotion of Industry and Internal Trade (DPIIT). Working remotely is likely to become more popular in 2021, and demand for cheap residences with ticket sizes of less than Rs. 40-50 lakh is expected to surge in Tier 2 and 3 cities, increasing cement demand.
The following are some of the recent key investments in the India Cement industry:• In August 2021, Ambuja Cement has announced an Rs. 310 crore (US $41.82 million) investment in its Ropar Unit, Punjab, to expand its manufacturing capacity to meet rising demand from the manufacturing sector for house construction and public infrastructure development. By June 2023, the expansion activities should be completed. • In February 2021, Shree Cement partnered with IBM to run its database and critical business applications on IBM POWER9-based IBM Power Systems utilizing AIX and Red Hat. Shree Cement will be able to improve productivity and supply chain efficiencies across its manufacturing unit as a result of the deployment.
Emerging opportunities:For cement businesses, the eastern states of Indian are likely to represent newer and undeveloped markets that could contribute to their bottom line in the future. In the next ten years, Indian may overtake China as the world's leading supplier of clinker and grey cement to the Middle East, Africa, and other developing countries. Cement facilities near ports, such as those in Gujarat and Visakhapatnam, are expected to have a competitive edge for export and will be well-equipped logistically to compete with cement mills in the interior of the country. The government also plans to increase railway capacity as well as handling and storage facilities to make cement transportation easier and less expensive. These steps would result in more construction activity, which would raise cement consumption. For example, the Union Budget gave Rs. 13,750 crore (US $1.88 billion) to the Urban Rejuvenation Mission: AMRUT and Smart Cities Mission and Rs. 12,294 crore (US $1.68 billion) to the Swachh Bharat Mission, respectively, and Rs. 27,500 crore (US$ 3.77 billion) to the Pradhan Mantri Awas Yojana.
India Cement Market Segment Analysis:Based on Application, the India Cement market is segmented as follows, Infrastructure. In 2022, the infrastructure segment dominated the market and held xx% of the overall market share in terms of revenue. Infrastructure is also expected to hold maximum shares of the India Cement market thanks to rising construction activities post-pandemic period. Based on Type, the India Cement market is segmented as follows, white cement, and grey cement. In 2022, the grey cement segment dominated the market and held xx% of the overall market share in terms of revenue. Grey cement is grey because it contains large concentrations of iron, manganese, and chromium oxide, which are present in white cement only in trace amounts. The objective of the report is to present a comprehensive analysis of the Indian market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Indian market dynamics, structure by analyzing the market segments and projecting the Indian market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Indian market makes the report investor's guide.
India Cement Market Scope: Inquire before buying
India Cement Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: 277.61 Million Tons. Forecast Period 2023to 2029 CAGR: 5.51% Market Size in 2029: 404.11 Million Tons Segments Covered: by Type Grey Cement White Cement by Application Ifrastructure
India Cement Market, Key Players1. Ultratech Cement 2. Ambuja Cement 3. ACC Limited 4. Shree Cement Limited 5. Dalmia Bharat 6. Birla Corporation Limited 7. India Cement Limited 8. The Ramco Cement Limited 9. NU Vista Limited 10. Raymond Cement Industries 11. Heidelberg Cement Indian Limited 12. Cement Corporation of Indian 13. Aditya Cement 14. Deccan Cement Limited 15. J.K. Cement Limited 16. Others
Frequently Asked Questions:1. What is the forecast period considered for the India Cement market report? Ans. The forecast period for the India cement market is 2023-2029. 2. What is the compound annual growth rate (CAGR) of the India Cement market for the next 8 years? Ans. The India Cement market is expected to grow at a CAGR of 5.51% during the forecast period (2023-2029). 3. What are the key factors driving the growth of the India Cement market? Ans. The rising Indian production of cement because of increased demand for infrastructure activities across the country and supporting government policies are the key factors expected to drive the growth of the market during the forecast period. 4. Which are the worldwide major key players covered for the India Cement market report? Ans. Ultratech Cement, Ambuja Cement, ACC Limited, Shree Cement Limited, Dalmia Bharat, Birla Corporation Limited, India Cement Limited, The Ramco Cement Limited, NU Vista Limited, Raymond Cement Industries, Heidelberg Cement Indian Limited, Cement Corporation of Indian, Aditya Cement, Deccan Cement Limited, J.K. Cement Limited, and Others.
1. Indian Cement Market: Research Methodology 2. Indian Cement Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Indian Cement Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Indian Cement Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1. M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.8.1. PORTERS Five Forces Analysis 3.8.2. PESTLE 3.8.3. Regulatory Landscape by region 184.108.40.206. North America 220.127.116.11. Europe 18.104.22.168. Asia Pacific 22.214.171.124. The Middle East and Africa 126.96.36.199. Latin America 3.8.4. COVID-19 Impact 4. Indian Cement Market (Volume) by region: 4.1. Indian Cement Market, by Application 4.1.1. Infrastructure 4.2. Indian Cement Market, by Type 4.2.1. Grey Cement 4.2.2. White Cement 4.3. Company Profile: Key Players 4.3.1. Ultratech Cement 188.8.131.52. Company Overview 184.108.40.206. Financial Overview 220.127.116.11. Indian Presence 18.104.22.168. Type Portfolio 22.214.171.124. Business Strategy 126.96.36.199. Recent Developments 4.3.2. Ambuja Cement 4.3.3. ACC Limited 4.3.4. Shree Cement Limited 4.3.5. Dalmia Bharat 4.3.6. Birla Corporation Limited 4.3.7. Indian Cement Limited 4.3.8. The Ramco Cement Limited 4.3.9. NU Vista Limited 4.3.10. Raymond Cement Industries 4.3.11. Heidelberg Cement Indian Limited 4.3.12. Cement Corporation of Indian 4.3.13. Aditya Cement 4.3.14. Deccan Cement Limited 4.3.15. J.K. Cement Limited 4.3.16. Others