India Cement Industry to Hit 637.56 million Tons by 2031 | Residential and Commercial Demand Boosting Volumes

The India Cement Industry is on a steady growth path, projected to expand from 469.74 million tons in 2026 to 637.56 million tons by 2031, reflecting a CAGR of 6.3% over the forecast period.

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This growth is supported by government infrastructure spending, urban housing projects, and commercial real-estate development. Blended cement continues to dominate the market due to cost advantages, compliance with Bureau of Indian Standards, and lower carbon intensity. Fiber cement is emerging as a rapidly growing segment, particularly in commercial and industrial projects, where fire safety and structural durability are key considerations.

Market Drivers & Insights in the India Cement Market

Infrastructure Expansion Driving Cement Demand

Ongoing public-sector projects such as Bharatmala Phase I, the Delhi-Mumbai Expressway, and Western Dedicated Freight Corridor are creating significant demand for ordinary Portland and slab-track cement. These large-scale projects align cement consumption with construction execution schedules, ensuring steady growth in the India Cement Industry. Highway construction, railway modernization, and multimodal logistics parks are key contributors to sustained market activity.

Urban Housing Initiatives Boost Residential Consumption

Government schemes like PMAY-Urban 2.0 target the construction of over one crore affordable homes, driving bulk cement procurement across Tier-II and Tier-III cities. Vertical apartment projects, Smart Cities Mission tie-ins, and rural housing schemes are increasing cement intensity per unit, reinforcing the India Cement Industry Size and stimulating regional demand for both blended and OPC grades.

Rising Demand from Commercial and Industrial Projects

Commercial real estate and industrial construction are adopting ready-mix and performance-graded cement solutions. Retail malls, Grade-A office buildings, and industrial sheds increasingly rely on fiber cement and blended formulations for fire resistance and durability. Industrial corridors such as the Delhi-Mumbai Industrial Corridor support predictable, clustered demand for high-performance cement.

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India Cement Industry Breakdown

By Product Type:

Blended Cement: Dominates the market due to lower production costs, carbon-footprint compliance, and abundant fly-ash availability.
Ordinary Portland Cement (OPC): Widely used for bridges, high-rise cores, and infrastructure requiring high compressive strength.
Fiber Cement: Fastest-growing segment, particularly in commercial buildings and industrial sheds adhering to non-combustible mandates.
White Cement: Preferred in premium architectural applications.
Other Specialized Cements: Includes marine-grade, rapid-setting, and performance-based formulations for niche construction needs.

By End-Use Sector:

Residential: Accounts for the largest share, driven by vertical housing projects, rural plot construction, and Smart Cities Mission initiatives.
Commercial: Experiencing rapid growth through retail malls, Grade-A offices, and hospitality projects, adopting ready-mix and performance-based cement solutions.

Industrial and Institutional: Supported by public health, educational, and manufacturing-linked incentive programs.
Infrastructure: Includes roads, railways, ports, and urban transport projects sustaining bulk cement demand.

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Leading Companies in the India Cement Industry

UltraTech Cement Ltd. - Operates one of the largest capacities in India, targeting further expansion by 2028.
Shree Cement Limited - Maintains a strong regional footprint with modern kilns and sustainability measures.
Dalmia Bharat Limited - Focuses on blended cement and low-carbon solutions to meet industrial and residential demand.
Nuvoco Vistas Corp Ltd. - Engaged in innovative cement formulations and regional capacity expansions.
Adani Group - Aggressively expanding coastal grinding capacity through strategic acquisitions, enhancing market coverage.
Conclusion

The India Cement Market Forecast indicates steady demand growth driven by infrastructure projects, urban housing schemes, and industrial development. Blended cement continues to lead the market, while fiber cement is gaining traction in safety-focused commercial and industrial constructions. Regional consumption, particularly in southern and eastern states, will remain a key factor shaping pricing and supply strategies.

Government initiatives like PMAY-Urban 2.0, Bharatmala, and PM-GatiShakti are supporting long-term demand, while new segments such as data-center construction create opportunities for premium cement products. Consolidation among leading manufacturers strengthens efficiency and resilience, ensuring that both residential and commercial sectors are effectively served. Overall, the India Cement Market Size and Share are expected to expand steadily through 2031.

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Industry Related Reports:

Asia-Pacific Cement Market

The Asia-Pacific Cement Market is projected to grow from 3.35 billion tons in 2025 to 3.52 billion tons in 2026, reaching 4.54 billion tons by 2031 at a CAGR of 5.18%. Growth is driven by rapid urbanization, infrastructure expansion, and government investments in construction projects across the region.

https://www.mordorintelligence.com/industry-reports/asia-pacific-cement-market?utm_source=openpr

Global Cement Market

The global Cement Market is expected to increase from 4.37 billion tons in 2025 to 4.57 billion tons in 2026, with projections of 5.71 billion tons by 2031 at a CAGR of 4.55%. Rising demand in residential, commercial, and industrial construction, coupled with sustainable cement innovations, is supporting market expansion.

https://www.mordorintelligence.com/industry-reports/cement-market?utm_source=openpr

China Cement Market

China's Cement Market is estimated at 2.4 billion metric tons in 2026, up from 2.29 billion metric tons in 2025, and expected to reach 3.01 billion metric tons by 2031 at a CAGR of 4.69%. Growth is fueled by ongoing infrastructure projects, urban redevelopment, and the government's emphasis on sustainable building materials.

https://www.mordorintelligence.com/industry-reports/china-cement-market?utm_source=openpr

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