MarkNtel Advisors recently published a detailed industry analysis of the India Cement Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

India Cement Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

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. 

Key Findings in India Cement Market:

• Historical Analysis: 2020–2023
• Base Year: 2024
• Forecast Period: 2025–2030

Leading Market Players- 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, and Others

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the India Cement industry?

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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What segments define the India Cement Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?

By Type

• • Blended
    • Portland Slag Cement (PSC) - Market Size & Forecast 2020-2030F, Million Tonnes
    • Portland Pozzolana Cement (PPC) - Market Size & Forecast 2020-2030F, Million Tonnes
    • Portland Composite Cement (PCC) - Market Size & Forecast 2020-2030F, Million Tonnes
  • Ordinary Portland Cement (OPC)- Market Size & Forecast 2020-2030F, Million Tonnes
  • Others- Market Size & Forecast 2020-2030F, Million Tonnes

According to report,In 2024, blended cement has the largest market share of more than 70% in the India Cement Market.

By End Users

• • Residential - Market Size & Forecast 2020-2030F, Million Tonnes
  • Infrastructure- Market Size & Forecast 2020-2030F, Million Tonnes
  • Commercial - Market Size & Forecast 2020-2030F, Million Tonnes
  • Industrial – Market Size & Forecast 2020-2030F, Million Tonnes

According to report, Residential is the largest end-user in the India Cement Market with a market share of more than 55% in 2024.

Explore the Complete India Cement Market Analysis Report – https://www.marknteladvisors.com/research-library/india-cement-market.html

Geographical Analysis: India Cement Market

 By Region

• North & Central India
• South India
• East India
• West India

India Cement Market Recent Development:

• October 2024: Ambuja Cement acquired a 46.8% stake in Orient Cement Limited with an equity value of USD 963.5 million.
• July 2024: Ultratech Cement which holds around 22.7% equity in India Cement is looking to acquire 32.72% of additional equity in India Cements.  

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the India Cement Market?
• How is the India Cement Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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