Cement Market Accelerates Growth Trajectory with ACC, Ambuja Cements, UltraTech, J.K. Cement

Latest published market study on Cement Industry in India 2020 Market provides an overview of the current market dynamics in the Cement Industry in 2020 space, as well as what our survey respondents—all outsourcing decision-makers—predict the market will look like in 2027. The study breaks market by revenue and volume (wherever applicable) and price history to estimates size and trend analysis and identifying gaps and opportunities. Some of the players that are in coverage of the study are ACC Limited, Ambuja Cements Limited, J.K. Cement Limited, Jaiprakash Associate Limited – Jaypee Group, JK Lakshmi Cement Limited, Orient Cement, The Ramco Cements Limited, Shree Cement Limited, The India Cements Limited, UltraTech Cement Limited.

Get ready to identify the pros and cons of regulatory framework, local reforms and its impact on the Industry. Know how Leaders in Cement Industry in 2020 are keeping themselves one step forward with our latest survey analysis

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Cement Market insights:
Domestic cement production was recorded at 334.48 Mn tons in FY 2020 as compared to

337.32 Mn tons in FY 2019, a fall of 0.84% year-on-year, mainly due to the economic slowdown in FY 2020. Cement production is expected to reach 304.97 Mn tons by the end of FY 2025, expanding at a compound annual growth rate (CAGR) of 4.69% during the FY 2021-FY 2025 period. The southern part of India holds the highest market share (~35%) of the Indian cement industry, in terms of installed production capacity.

The capacity utilization rate has declined from 70% in FY 2019 to 61% in FY 2020 on account of excessive rain in many parts of the country and temporary closure of cement plants during the government-enforced lockdown.

Prolonged rain in many parts of the country and the temporary closure of cement plants during the government enforced lockdown have led to the capacity utilization rate to fall from 70% in FY 2019 to 61% in FY 2020.

The major players operating in the Indian cement industry include UltraTech Cement Limited, Ambuja Cements Limited, JK Lakshmi Cement, and Ramco Cements Limited.

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Impact of COVID-19:
The nationwide lockdown in the wake of the pandemic took an unprecedented toll on the cement industry in India. With the outbreak of the COVID-19 pandemic and the lockdown that followed, the cement industry in India suffered an unprecedented blow. The demand for cement declined to ~3.5% in FY 2020 from 9.5% in FY 2019. This was only the second instance of such a sharp decline in the last 15 years, after the demonetization in FY 2017. The downturn ofSlump in the real estate market, including the IHB (individual houses and buildings) housing segment in the country, has negatively impacted affected the cement industry in the country. The wWeakened demand from the consuming industries has resulted in reduced capacity utilization of the cement sector. ACC Limited's consolidated net profit declined by 6.6% year-on-year, while its net sales declined by 11% in the last quarter of FY 2020 due to disruptions in business

As a result of the impact of COVID-19 related business disruptions, ACC Limited's consolidated net profit declined by 6.6% year-on-year, while its net sales declined by 11% in the last quarter of FY 2020.

To comprehend Cement Industry in India 2020 market dynamics in the India mainly, the Cement Industry in 2020 market is analyzed across major Indian regions. Customized study by specific regional or country can be provided, usually client prefers below

• North America: United States of America (US), Canada, and Mexico.
• South & Central America: Argentina, Chile, Colombia and Brazil.
• Middle East & Africa: Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Israel, Egypt and South Africa.
• Europe: the UK, France, Italy, Germany, Spain, NORDICs, BALTIC Countries, Russia, Austria and Rest of Europe.
• Asia: India, China, Japan, South Korea, Taiwan, Southeast Asia (Singapore, Thailand, Malaysia, Indonesia, Philippines & Vietnam etc) & Rest
• Oceania: Australia & New Zealand

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Cement Market segment insights:
Among the major Indian states, the southern states of Tamil Nadu, Andhra Pradesh, and Karnataka together accounted for the highest cement production installed capacity of (~35%) in FY 2020, followed by the northern states (Rajasthan, Punjab, and Haryana), which collectively accounted for ~20% of the total installed capacity.

Out of the different end- user industries of cement, the housing segment accounted for the highest demand in FY 2020. Within the housing segment this, ~38% demand was generated by the rural housing sector. Such high demand for cement from the housing sector may can be attributed to the fast execution of affordable government housing schemes like such as Pradhan Mantri Awas Yojna, and Housing for All by 2022. Apart from housing, commercial and industrial investments, the infrastructure segment accounted for considerable demand for cement in India.

For deep analysis of Cement Industry in 2020 Market Size, Competition Analysis is provided which includes Revenue (M USD) by Players (2019-2021E) & Market Share (%) by Players (2019-2021E) complimented with concentration rate.

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Actual Numbers & In-Depth Analysis of Cement Industry in India 2020 Market Size Estimation and Trends Available in Full Version of the Report.

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