Overview:

The India cement market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Cement is used in construction activity in paste form, which hardens and adheres with other material to keep them together. It is a binding substance commonly manufactured using shells, limestone, and marl or chalk in combination with shale, clay, slate, iron ore, and silica sand.

Market Dynamics:

Growing demand of cement from commercial, industrial, and residential sector is a major factor driving growth of the India cement market. Additionally, rising number of low cost housing projects in country and rising government housing schemes in the country are other key factors supporting growth of the target market. Rising focus on improvement of public infrastructure is expected to support target market growth in the near future. For instance, in Union Budget 2019-20, the Indian government has announced plan of 1,25,000 kms of road improvement in the next five years.

In addition, growing population is another key factor which is resulting in growing residential sector. This is another major factor propelling growth of the target market. Growing income level, purchasing capacity, and economic growth are among the other factors expected to drive growth of the cement market in the near future. However, increasing cost of cement is a major factor may affect growth of the target market to a certain extent.

Key Trends:

Growing investment and strategic mergers and acquisitions by key players are key trends observed in the India cement market. For instance, in September 2018, Emami Cement has acquired Bhabua manufacturing plant. In addition, Ultratech Cement has invested around US$ 134.50 Mn in October 2019, to increase the production capacity of company. These types of strategic initiatives are expected to propel growth of the target market in the near future.

Regional Analysis:

For detailed understanding of market dynamics, the India cement market is analyzed across key regions viz. North Region, East Region, West Region, Central Region, and South Region. The South region held major market share in terms of installed capacity followed by North region. This is attributed to strong market presence of key players in these regions. Currently, South region leads with 132.7 million tons per annum (MTPA).

Scope of the Report:

Detailed Segmentation:

India Cement Market, By End Use:

• Housing and Real Estate
• Public Infrastructure
• Industrial Development

India Cement Market, By Region:

• North Region (Punjab, Haryana, and Rajasthan)
• East Region (Chhattisgarh, Odisha, Jharkhand, and West Bengal)
• West Region (Maharashtra and Gujarat)
• Central Region (Madhya Pradesh and Uttar Pradesh)
• South Region (Andhra Pradesh, Tamil Nadu, and Karnataka)

Key Players Covered:

Key players operating in the India cement market includes ACC Ltd., Ambuja Cement, India Cement, JK Cement, Emami Cement Limited (Nuvoco Vistas Corp. Ltd.), Ramco Cement, Shree Cement, Dalmia Bharat Ltd., HeidelbergCement, and Ultratech Cement.

Key Features of the Study:

Foresight Market Research provides detailed analysis on India market in our report- India Cement Market by end use and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2019 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the India cement market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.