India Cement Market Set for Robust Growth, Projected to Reach 5.1 Billion Tons by 2030

India Cement Market Overview

The India Cement Market, valued at 3.96 billion tons in 2024, is set to expand at a CAGR of 5.1% through 2030, driven by massive infrastructure investments and housing initiatives under schemes like PM Awas Yojana and National Infrastructure Pipeline (NIP). Cement remains the backbone of India's construction sector, with demand surging from residential (55% market share), infrastructure, and commercial projects. The government's allocation of USD 132 billion for FY25 capital expenditure and ambitious targets like the 508-km Gujarat-Mumbai bullet train (requiring 20,000 cubic meters of cement daily) underscore the sector's growth potential.

India Cement Market Forecast

• Volume Growth: India Cement Market to hit 5.1 billion tons by 2030, up from 3.96 billion tons in 2024.

• Key Driver: Infrastructure projects like Bharatmala Phase-I (19,251 km roads by 2028) and rail expansion (4 km/day track addition).

• Residential Boom: PM Awas Yojana sanctioned 11.8 million urban and 34.9 million rural houses, with 26.6 million already completed.

• Green Cement Trend: Adoption of LC3 cement (40% lower emissions) and clinker reduction to 45% by UltraTech Cement.

• Regional Leader: South India dominates the India Cement Market with 27% market share and 187.96 million tons production capacity.

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India Cement Market 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 Competitive Landscape

The India Cement Market is highly competitive, with top players leveraging M&A and sustainability initiatives to strengthen footholds. Key companies include:

• 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

Key Takeaways from the India Cement Market Report

• Blended cement (70% share) leads due to carbon-reduction efforts.

• Residential sector drives 55% demand, fueled by affordable housing schemes.

• South India is the production hub with fragmented competition.

• Green cement and LC3 adoption accelerate amid emission targets.

• Government spends USD 2.4 trillion on 15,928 projects under PM Gatishakt

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India Cement Market Recent Development

• October 2024: Ambuja Cement acquired a 46.8% stake in Orient Cement for USD 963.5 million, expanding its capacity in South India.

India Cement Market Segmentation

By Type:

> Blended Cement (PSC, PPC, PCC) - 70% share

> Ordinary Portland Cement (OPC)

> Others

By End User:

> Residential (55%)

> Infrastructure

> Commercial

> Industrial

By Region:

> South India (27% share, 187.96M tons capacity)

> North & Central

> East

> West

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Frequently Asked Questions (FAQs) on India Cement Market

• What is the projected CAGR of the India Cement Market (2025-30)?

• Which cement type dominates the India Cement Market?

• How is PM Awas Yojana impacting demand in the India Cement Market?

• Which region leads in production capacity in the India Cement Market?

• What are the key sustainability trends in the India Cement Market?

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