India Cement Market

India Cement Market Size and Share:

The India cement market size was valued at USD 19.6 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 39.7 Billion by 2033, exhibiting a CAGR of 7.60% during 2025-2033. West and Central India currently dominate the market, holding a significant market share of over 35.0% in 2024. The market is driven by rapid urbanization, government infrastructure projects and smart cities, and rising residential demand. Industrial and commercial construction, including metros and airports, further enhances growth. Foreign investments and public-private partnerships (PPPs) enhance sector expansion. Additionally, the strong economic growth and increasing construction activities are further expanding the India cement market share.

The India cement market is primarily driven by rapid urbanization and infrastructure development. The government’s focus on initiatives such as "Housing for All," smart cities, and road construction has significantly enhanced cement demand. Residential housing sales in India hit an 11-year high in the first half of 2024 with 173,000 units sold, an 11% growth on the same period a year prior, according to an industry report. The share of premium housing has increased to 34% from just 15% in 2018, due to which the demand for fibre cement boards for sustainable construction materials has been propelled. Mumbai was the number one city in terms of sales, with 47,259 units sold, while affordable housing sales fell by 27%. Additionally, rising disposable incomes and population growth are increasing residential construction activities. The expansion of industrial and commercial projects, such as airports and metro networks, further fuels India cement market growth. These factors, combined with affordable housing schemes and rural development programs, ensure steady demand for cement across the country.

Another key driver is the increasing foreign direct investment (FDI) in India’s construction sector, supported by favorable government policies. Cement manufacturers are also investing in capacity expansion and green technologies to meet sustainability goals. India is ranked 3rd globally for LEED certifications, with a total of 370 LEED-certified projects covering 8.5 million GSM, according to USGBC. The country is committed to sustainable development and climate actions, which is driving the need for eco-friendly construction materials such as fibre cement boards. The country is aligning its real estate sector with global sustainability goals, making significant inroads with green infrastructure. Along with this, the growing emphasis on renewable energy projects, such as solar and wind farms, also requires substantial cement usage for infrastructure. Additionally, the post-pandemic recovery has accelerated construction activities, pushing cement consumption higher. The rise in public-private partnerships (PPPs) for large-scale infrastructure projects further propels market growth. Moreover, technological advancements in cement production, such as blended and low-carbon cement, cater to environmentally conscious consumers. With strong economic growth and continued investments in real estate and infrastructure, the Indian cement market is poised for sustained expansion.

India Cement Market Trends:

Infrastructure Development and Urbanization

As the country experiences rapid economic growth and urban migration, the demand for robust infrastructure and modern urban living spaces has increased. Urbanization is a defining phenomenon, with millions of individuals relocating from rural areas to cities in search of better employment opportunities, education, and improved lifestyles. As per estimates by Worldometers, 37.08% of the population of India lives in urban areas in 2025, equating to 542,742,539 individuals. This mass movement has led to an increased need for housing, transportation networks, healthcare facilities, and educational institutions. Also, the government's various mission reflects this shift, aiming to transform numerous cities into technologically advanced, sustainable, and liveable urban centers. This initiative encompasses a wide spectrum of projects, from building efficient public transportation systems and waste management solutions to creating green spaces and digital infrastructure. All these endeavors are creating a positive India cement market outlook.

Industrialization and Commercial Construction

As industries expand their operations, the need for modern, well-equipped industrial facilities has risen substantially. For instance, in November 2024, the Index of Industrial Production (IIP) in India recorded a growth of 5.2%, according to the Press Information Bureau (PIB). Moreover, the influx of multinational corporations and the growth of domestic businesses have strengthened the demand for commercial spaces. From corporate offices to retail outlets, the requirement for well-designed and functionally efficient structures has intensified. This demand extends beyond metropolitan areas, as smaller cities and towns also experience a rise in commercial and industrial activities. Cement, as the foundational material for construction, has become a linchpin in these endeavors. Industrial facilities require cement for their heavy-duty flooring, structural elements, and machinery foundations. Commercial spaces necessitate cement for their durability and adaptability to diverse architectural designs.

Sustainability and Eco-Friendly Innovations

Environmental concerns are playing an increasingly important role in shaping the future of the market. As awareness around carbon emissions and ecological impact grows, cement manufacturers are focusing on more sustainable production methods. This includes incorporating alternative fuels, recycling industrial waste into raw materials, and adopting energy-saving technologies. In addition, national efforts to promote eco-conscious construction, through initiatives like green building certifications, are encouraging developers to choose environmentally friendly materials. As a result, there’s a noticeable shift toward producing low-emission and blended cement types. These innovations not only reduce environmental harm but also align with the country’s broader goals for sustainable infrastructure development.

India Cement Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the India cement market, along with forecasts at the country and regional levels from 2025-2033. The market has been categorized based on type and end use.

Analysis by Type:

• Blended
• Portland
• Others

Portland stands as the largest component in 2024, holding around 65.0% of the market. The prominence of Portland cement can be attributed to its adaptability across a spectrum of applications, from residential buildings and commercial complexes to infrastructure projects and industrial facilities. Its inherent strength, ability to set and harden underwater, and compatibility with various supplementary materials make it a preferred choice for construction professionals and engineers worldwide. The broad range of Portland cement variations, including Type I, Type II, Type III, and Type V, tailored to specific requirements, such as rapid setting or sulfate resistance, further underscores its flexibility. The demand for Portland cement is supported by its established performance history, reliable characteristics, and compliance with construction standards. Moreover, its ubiquity is supported by the extensive distribution networks and manufacturing capabilities of cement companies globally. As the construction industry continues to change, Portland cement's legacy endures, playing a pivotal role in shaping the physical landscapes of cities and nations.

 Analysis by End Use:

• Residential
• Commercial
• Infrastructure

Residential leads the market with around 45.0% of market share in 2024. As the Indian population continues to grow, urbanization accelerates, and economic conditions improve, the demand for housing increases. Cement, being a vital ingredient in the creation of strong and resilient structures, is the linchpin of residential construction projects. From the foundation to the walls and roofing, cement ensures the structural integrity and longevity of residential buildings. Furthermore, the versatility of cement facilitates diverse architectural designs, enabling the construction of single family homes, high-rise apartment buildings, and innovative sustainable housing solutions. In regions prone to earthquakes and adverse weather conditions, the durability and seismic resistance of cement based structures provide essential safety to residents. Cement's ability to contribute to energy-efficient designs through thermal mass properties further enhances its significance in modern residential construction. As economies flourish and living standards rise, the demand for aesthetically pleasing and technologically advanced residential spaces also increases.

Regional Analysis:

• North India
• West and Central India
• East India
• South India

In 2024, West and Central India accounted for the largest market share of over 35.0%. West and Central India are home to abundant limestone reserves, a primary raw material in cement production. The proximity of these reserves to major cement manufacturing hubs ensures a steady supply chain, minimizing logistical complexities and reducing production costs. This competitive advantage gives manufacturers in these regions the ability to produce cement more efficiently, contributing to their dominance in the market. Furthermore, the region’s well-developed transportation networks, including road, rail, and port facilities, facilitate the seamless distribution of cement products across the country. This logistical superiority enhances the accessibility of West and Central India's cement offerings to a broader market, encompassing not only local construction projects but also those in distant states. The concentration of infrastructure development and urbanization activities in these regions further solidifies their leadership. West and Central India's dominance is also underpinned by their proactive approach to adopting advanced technologies and sustainable practices in cement production.

Competitive Landscape:

Companies are actively engaging in a multitude of strategies to navigate challenges, seize opportunities, and maintain their competitive edge. Efforts to reduce carbon emissions, optimize energy consumption, and enhance waste management practices are becoming integral components of their operations. Investments in research and development have led to the development of alternative cementitious materials with lower carbon footprints, demonstrating their commitment to environmentally responsible production. According to the India cement market forecast, companies are also expanding their product portfolios to cater to diverse market needs. They are introducing specialized cement variants designed for specific applications, such as high-strength cement for critical infrastructure projects and blended cements with added durability for coastal regions. This flexibility allows them to address varying customer requirements and seize niche markets. Furthermore, market leaders are focusing on enhancing their distribution networks to ensure the availability of their products across the country. Strategic collaborations, partnerships, and investments in infrastructure are enabling them to penetrate both urban and rural areas efficiently.

The report provides a comprehensive analysis of the competitive landscape in the India cement market with detailed profiles of all major companies, including:

• Ambuja Cements Ltd
• Birla Corporation Limited (MP Birla Group)
• Dalmia Bharat Limited
• Deccan Cement Limited
• HeidelbergCement India Limited (HeidelbergCement AG)
• India Cements Ltd
• JK Lakshmi Cement Ltd
• Orient Cement Ltd
• Shree Cement Limited
• The Ramco Cements Limited
• UltraTech Cement Limited

Latest News and Developments:

• February 2025: Topcem Cement, a renowned cement production company in Northeast India, introduced its latest product, the Topcem SDC FTR++, in Guwahati, Assam. The innovative product is equipped with advanced Smart Mix Technology features, providing exceptional energy efficiency and outstanding performance while promoting sustainable practices.
• February 2025: Shree Cement introduced the premium Bangur Marble Cement under its flagship brand Bangur Cement. With its best-in-class brightness, exceptional durability, and resistance to cracking, this PSC cement is suitable for exposed concrete buildings and guarantees the easy construction of imposing, opulent aesthetics.
• December 2024: UltraTech Cement launched 150 new UltraTech Building Solutions (UBS) outlets in 135 cities across India as part of its North India retail expansion. The outlets are located in major northern states, including Delhi, Punjab, Haryana, Uttar Pradesh, Rajasthan, Jammu and Kashmir, Madhya Pradesh, and Himachal Pradesh, providing superior products and professional expertise.
• June 2024: JK Cement announced the official commencement of a new grinding unit at their Prayagraj Plant in Uttar Pradesh. With the construction of a 2 MTPA Clinker Grinding unit, the Prayagraj Plant is expected to be able to increase its overall capacity from the existing 22 MTPA to 24 MTPA.
• May 2024: JSW Cement, a division of the American JSW Group, announced an investment of INR 3000 crore for the establishment of an integrated cement production plant in Nagaur, Rajasthan.
• April 2024: JK Cement launched its Grey Cement business in Bihar, expanding the company’s presence in East India.

India Cement Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India cement market from 2019-2033.
• The India cement market research report provides the latest information on the market drivers, challenges, and opportunities in the regional market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India cement industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.