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The India cement market is expected to grow at a CAGR of around 4% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Cement refers to a binding material obtained by grinding a mixture of clay and limestone. It is also manufactured using other materials, such as shale, clay, slate, chalk, silica, iron ore and blast furnace slag, which are heated at a high temperature to form a brick-like substance that is then grounded into fine powder to form cement. In India, cement is extensively utilized as a prime ingredient for building houses, roads, bridges and other public structures.
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The India cement market is primarily driven by the significant rise in construction activities due to the rapid population expansion and a surge in the need for residential spaces. The development of mega infrastructural projects in the country, such as airports and roads, is also bolstering the growth of the market. Furthermore, with the growing environmental concerns, there has been a rise in the demand for green buildings. This has led to an increase in the sales of sustainable and green cement as it minimizes the CO2 emissions generated during the production process. Moreover, rapid urbanization and industrialization, along with the rising purchasing power of consumers, are some of the other factors catalyzing the market growth across the country.
IMARC Group provides an analysis of the key trends in each sub-segment of the India cement market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on type and end use.
Breakup by Type:
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Breakup by End Use:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2020 |
| Historical Period | 2015-2020 |
| Forecast Period | 2021-2026 |
| Units | Million Tons |
| Segment Coverage | Type, End Use, Region |
| Region Covered | North India, West and Central India, South India, East India |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 1999 Five User License: US$ 2999 Corporate License: US$ 3999 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
We expect the India cement market to exhibit a CAGR of 4% during 2021-2026.
A significant rise in the construction activities pertaining to the development of mega infrastructure projects, along with the elevating levels of urbanization are currently catalyzing the India cement market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation resulting in the temporary halt in numerous construction activities, thereby limiting the demand for cement.
Based on the type, the India cement market has been segmented into blended, portland, and others. Currently, portland cement exhibits a clear dominance in the market
Based on the end use, the India cement market can be categorized into residential, commercial, and infrastructure. Among these, the residential sector holds the majority of the total market share.
On a regional level, the market has been classified into North India, West and Central India, East India, and South India, where South India currently dominates the Indian market.
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