Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
The India cement market reached around 338.04 MMT in 2023. The market is projected to grow at a CAGR of 5.4% between 2024 and 2032 to reach nearly 542.67 MMT by 2032.
India Cement Market Report Summary | Description | Value |
Base Year | MMT | 2023 |
Historical Period | MMT | 2018-2023 |
Forecast Period | MMT | 2024-2032 |
Market Size 2023 | MMT | 338.04 |
Market Size 2032 | MMT | 542.67 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 5.4% |
CAGR 2024-2032 - Market by Region | West India and Central India | 5.8% |
CAGR 2024-2032 - Market by Region | North India | 4.7% |
CAGR 2024-2032 - Market by Type | Blended | 6.1% |
CAGR 2024-2032 - Market by End Use | Infrastructural | 5.9% |
2023 Market Share by Region | South India | 21.3% |
In 2024-25, the market in India is expected to add 70-75 MT of additional production capacity, 55% of which is expected to be concentrated in India’s central and eastern regions.
India is the world’s fastest-growing economy, which recorded an economic growth of 8.4% between September and November 2023. In March 2024, the government announced its plan to allocate nearly $15 billion for infrastructure development across the government. Telangana ($630 million), Odisha ($196 million), Kolkata ($154 million), Bihar ($128 million), and northeastern states ($100 million) were the major beneficiaries of these schemes. This is expected to raise the demand for cement over the forecast period.
Rural and semi-urban regions of India are expected to witness substantial growth in the demand for housing due to the proposed reduction of stamp duties and amendments to the GST law under the Union Budget 2024. The finance ministry has allocated a budget of INR 10 lakh crore, with a contribution of INR 2.2 lakh crore from the central government to build additional 3 crore houses in the country. This is expected to drive the demand for cement in the country in the forecast period.
The reduction in fuel, freight, and energy prices has eased the pressure on Indian cement manufacturers. Their operating margins are expected to increase by 300-350 basis points to nearly 18.5% in 2024.
India Cement Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by End Use
Market Breakup by Region
CAGR 2024-2032 - Market by | Region |
West India and Central India | 5.8% |
North India | 4.7% |
East India | XX% |
South India | XX% |
Based on region, the market is segmented into East India, West and Central India, North India, and South India. South India is projected to dominate the market, representing 21.3% of the overall market share. Over the forecast period of 2024-2032, West India and Central India is projected to grow at a CAGR of 5.8% due to increasing investments in infrastructure development in the region.
Major cement manufacturers in India, including UltraTech Cement, are focusing on expanding their market presence in South Indian states by acquiring a controlling stake in major cement companies of the region.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Type |
|
Breakup by End Use |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
The market reached nearly 338.04 MMT in 2023.
The market is projected to grow at a CAGR of 5.4% between 2024 and 2032.
The market is assessed to witness healthy growth in the forecast period to reach around 542.67 MMT in 2032.
The different types of cement in the market include Portland, and blended, among others.
The different end uses of cement include residential, commercial/institutional/industrial, and infrastructural.
The different regions covered in the market report are East India, West and Central India, North India, and South India.
The key market players are Dalmia Bharat Ltd., J.K.Cement Limited, Ramco Group, UltraTech Cement Ltd., Birla Corporation., ACC Limited, Shree Cement Ltd., India Cements Ltd., Orient Cement Ltd., and Ambuja Cements Ltd., among others.
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Pricing Plans
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124