The India construction materials market size reached USD 114.45 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 156.80 Million by 2033, exhibiting a growth rate (CAGR) of 3.20% during 2025-2033. The rapid urbanization, infrastructure development, and increasing real estate investments is driving the India construction materials market growth. Demand for cement, steel, bricks, and advanced materials is rising, supported by government initiatives, smart city projects, and sustainable construction practices, driving market expansion and technological advancements.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 114.45 Million |
Market Forecast in 2033 | USD 156.80 Million |
Market Growth Rate 2025-2033 | 3.20% |
Growing Demand for Sustainable and Green Building Materials
The India construction materials market share is expanding due a rapid shift towards sustainable and eco-friendly solutions, driven by rising environmental awareness and government initiatives like the Green Building Movement. For instance, as of February 6, 2025, India was still ranked third in the world for LEED (Leadership in Energy and Environmental Design) certifications by the US Green Building Council (USGBC). In 2024, 370 projects totaling 8.50 million gross square meters (about 91.5 million square feet) of space in India were certified LEED. Canada came in second with 10 million GSM certified, while China topped the list with nearly 25 million. Builders and developers are increasingly adopting recycled aggregates, fly ash-based cement, and energy-efficient materials to reduce carbon footprints. The growing preference for sustainable construction is also influenced by regulatory frameworks such as the Energy Conservation Building Code (ECBC). Additionally, the demand for prefabricated and modular materials is rising due to their cost-effectiveness and faster construction timelines. This trend is expected to reshape the industry, promoting sustainability and innovation in material production.
Increasing Infrastructure Investments Driving Material Demand
With the Indian government’s continued focus on large-scale infrastructure projects, the demand for construction materials such as cement, steel, and concrete is rising. Initiatives such as the Pradhan Mantri Awas Yojana (PMAY) and the Smart Cities Mission are accelerating material consumption across residential, commercial, and industrial sectors. For instance, the Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0 was approved by the Union Cabinet on August 9, 2024, under the direction of Prime Minister Narendra Modi. Its goal is to finance the building, acquisition, or rental of affordable housing for one crore urban poor and middle-class families over the course of the following five years. With a government subsidy of ₹2.30 lakh crore, the project requires a total investment of ₹10 lakh crore. Family incomes up to ₹3 lakh for the Economically Weaker Section (EWS), ₹3 lakh to ₹6 lakh for the Low Income Group (LIG), and ₹6 lakh to ₹9 lakh for the Middle Income Group (MIG) are among the eligibility requirements. The National Infrastructure Pipeline (NIP) also plays a crucial role in boosting demand for high-performance construction materials. Additionally, private sector investments in urban development, roads, and railways are fueling growth. As urbanization expands and infrastructure projects scale up, which in turn is positively impacting India construction materials market outlook.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on material type and end user.
Material Types Insights:
The report has provided a detailed breakup and analysis of the market based on the material types. This includes aggregate, cement, bricks and blocks, metals, and others.
End User Insights:
A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes residential, infrastructure (roads, bridges, and waste management), commercial, and industrial.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Material Types Covered | Aggregate, Cement, Bricks and Blocks, Metals, Others |
End Users Covered |
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Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
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) |