India Cement Market Report 2023-2028, Size, Share, Growth, Trends and Forecast
The India cement market size reached 3,644.5 Million Tons in 2022. Cement refers to a binding material manufactured by calcining lime and clay and mixing it with water, sand, and gravel to make concrete. It contains a considerable amount of iron oxide, magnesium oxide, gypsum, and silica, which possess excellent plasticity and offer resistance to moisture. As a result, it is used in the construction of roads, buildings, bridges, dams, flyovers, and residential and commercial complexes across India.
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The increasing population and inflating income levels represent one of the leading factors escalating the demand for cement in India. In addition, rising investments by the Government of India in mega infrastructural projects and restoration and remodeling of historical places to enhance the architectural aesthetics are offering lucrative growth opportunities to key players operating in the country. Besides this, the increasing focus on introducing green and environment-friendly product variants to minimize (CO2) emissions is anticipated to drive the market in the coming years. Looking forward, IMARC Group expects the market to reach 4,832.6 Million Tons by 2028, exhibiting a growth rate (CAGR) of 4.94% during 2023-2028.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market on the basis of type, end use and region.
Breakup by Type:
Breakup by End Use:
Breakup by Region:
West and Central India
Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization
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