India Cement Market Set to Grow at 5.1% CAGR and Reach USD 5.1 Billion Worth by 2030

A Quick Overview of India Cement Market

• Base Year: 2024

• Historical Years: 2020-2023

• Forecast Years: 2025-2030

• Market Growth Rate: 5.1% (2025-2030)

The key object of this report on the India Cement Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

According to the latest report, 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% from 2025 to 2030. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data.

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Market Dynamics:

Opportunity-

Expansion of Road Networks - In India, most of the transportation and logistical activities happen through roadways. The increasing spending on expanding the road networks of the country has resulted in massive consumption of cement in the country. Moreover, MoRTH has seen a rise of around 3% in its budget to USD32.3 billion in FY25. This highlights the strong expansionary outlook for the Indian road networks in the country. The Bharatmala project of the GoI which has completed 15,549 km of roads till FY24 is planning to complete the rest of 19,251 km of Bharatmala Phase-I by 2028. This will boost the demand for cement in India leading to market growth over the forecasted period.

India Cement Market Report Segmentation:

The report by MarkNtel Advisors on India Cement Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

By Type

• Blended

•• Portland Slag Cement (PSC)

•• Portland Pozzolana Cement (PPC)

•• Portland Composite Cement (PCC)

• Ordinary Portland Cement (OPC)

• Others

- In 2024, blended cement has the largest market share of more than 70% in the India Cement Market. India's cement industry voluntarily embarked on decreasing its carbon emissions by increasing the usage of blended-type cement. This has resulted in the adoption of the best cement blending practices from the USA and Europe by cement companies in India. The companies in India are actively replacing the clinker with other raw materials such as pozzolana, and granulated slag from blast furnaces.

By End Users

• Residential

• Infrastructure

• Commercial

• Industrial - Market Size & Forecast 2020-2030F, Million Tonnes

By Region

• North & Central

• South

• East

• West

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Some of the Top India Cement Companies in the Market

In the fast-changing India Cement Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top players of the industry ruling the industry are:

• 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

• Others

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