Overview of the India Cement Market:
Gain data-driven insights into the India Cement Market Size, trends, and forecasts. This in-depth report delivers expert analysis of market drivers, segmentation, and emerging opportunities. It highlights key metrics and actionable findings in a professional, easy-to-scan format. Key statistics (market size, growth rates, share by segment) are presented up-front in bullet form for immediate impact.
Executive Summary
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 Driver:
Rapid Infrastructure Development in India – By 2047, India wants to achieve an ambitious target of turning into a developed country and is transforming itself for it. This has resulted in increased government spending on the country's infrastructure to attain such a vast objective. In pursuit of this targeted investment of USD1.3 trillion between 2020 and 2025, India launched the "National Infrastructure Pipeline (NIP)" in 2020 based on the public-private partnership model. It has resulted in the wide-scale infrastructure development in the country with 1,967 projects still in the under-development stage in 2024. As per India Investment Grid (IIG), the launch of the Gatishakti master plan (NMP) by India in 2021 the Indian government has 15,928 projects with a total cost of USD 2.4 trillion in 2024. These projects primarily focus on enhancing and boosting the transportation and logistics capabilities of India by connecting various economic zones of the country.
As per Morgan Stanley, India’s infrastructure as a percentage of GDP stood at 5.3% in FY24 and will increase to 6.5% by FY29. This will result in the burgeoning growth in the cement consumption of India with the heightened infrastructure spending thereby boosting India’s Cement Industry over the foreseeable future.
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India Cement Market Segmentation
Break down the market by key categories and geography. We outline major segments and provide size/share estimates for each.
-By Type
- Blended Cement
- Ordinary Portland Cement
- Others
In 2024, blended cement has the largest market share of more than 70% in the India Cement Market. India’s cement industry voluntarily embarked on decreasing its carbon emissions by increasing the usage of blended-type cement.
-By End Users
- Residential
- Infrastructure
- Commercial
- Industrial
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.
Geographical Analysis
-By Region
- North & Central
- South
- East
- West
The southern region of India includes states like Tamil Nadu, Andhra Pradesh, Karnataka, Telangana, and Kerala, which hold the largest market share of about 27% in the India Cement Market.
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Competitive Market Strategies: List of Largest India Cement Companies
Analysis of the competitive landscape and company strategies. We profile leading players Business Description, Product Portfolio, Recent Developments, and list key Strategic Alliances or Partnerships approaches.
Mitsubishi Tanabe Pharma Corporation (Mitsubishi Chemical Group Corporation)
- 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
- Others
Future Market Analytics Focus Points
Look ahead to the analytics and trends shaping the industry’s future. This section suggests areas of emphasis for market analysis, such as:
- Identify Emerging Market Trends: Recognize new trends shaping industries.
- Leverage Big Data Analytics: Use data for informed decision-making strategies.
- Explore Geographic Expansion: Target growth opportunities in new areas.
- Analyze Consumer Behavior: Adapt to shifting preferences and habits.
- Emphasize Sustainability: Align strategies with ethical and sustainable practices.
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Objectives of the Study
Clearly state what the report aims to achieve. For example:
- Provide a comprehensive market overview with quantitative forecasts.
- Identify key market segments and competitive dynamics.
- Analyze trends and drivers influencing growth.
- Highlight challenges and risks, plus mitigation strategies.
- Offer actionable insights and recommendations for decision-makers.
Report Delivery Model
“Our market research report is available in multiple formats for convenience:
- Interactive PDF with rich charts and data tables.
- PowerPoint summary deck for easy presentation and sharing.
- Excel containing all research figure.
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