India Cement and Concrete Market (2024-2030) | Companies, Share, Forecast, Value, Growth, Industry, Analysis, Trends, Size, Revenue & Outlook

India Cement and Concrete Market Synopsis

India is the second largest producer of cement in the world after China. The Indian cement industry has emerged as one of the most dynamic and competitive sectors with a wide range of products. The demand for cement and concrete in India is mainly driven by rapid urbanization, increasing industrial construction activities, rising disposable income levels, growing infrastructure projects such as metro rail networks and highways expansion plans. Over the years, government initiatives to promote housing sector have also been supporting growth in this sector. An annual spending on transport infrastructure alone stood at $20 billion during FY19-20 which is expected to grow significantly over the next few years providing further impetus to cement and concrete market growth prospects in India.

Drivers of the Market:

Increasing Infrastructure Projects: One of the major factors driving growth in Indian cement & concrete market is large scale development programs initiated by various state governments such as Smart Cities Mission, Pradhan Mantri Awas Yojana (PMAY) etc., along with national level initiatives such as Make In India program that are aimed towards improving existing infrastructure across different parts of country. These developments are expected to propel demand for construction materials like cements & concretes over forecast period

Growing Housing Sector : Another key factor driving demand for cements & concretes in India includes increasing investments directed towards housing sector through PMAY scheme launched by Government Of India under which 2 crore houses are planned to be constructed between 2017-18 and 2022-23 period creating huge opportunities for manufacturers operating within this domain.

Challenges of the Market:

Low Capacity Utilization Rates : Despite positive outlook surrounding future prospects for Indian Cement & Concrete Market due to aforementioned drivers, overall capacity utilization rate remains low due to unorganized nature of manufacturing facilities coupled with excess production capacities resulting partially from slow economic conditions especially post COVID-19 pandemic outbreak where job losses resulted into reduced consumer spending power negatively impacting business operations across entire value chain.

Trends of the Market:

Technological Advancements: To remain competitive within crowded marketplace , companies operating within this domain have started investing heavily into research & development activities so as gain edge over their rivals when it comes introducing technologically advanced solutions like use precast technology enabled 3D printing systems or usage if prefabricated components etc., thereby boosting productivity rates while reducing labour costs.

Key Highlights of the Report:

• India Cement and Concrete Market Outlook
• Market Size of India Cement and Concrete Market, 2023
• Forecast of India Cement and Concrete Market, 2030
• Historical Data and Forecast of India Cement and Concrete Revenues & Volume for the Period 2020-2030
• India Cement and Concrete Market Trend Evolution
• India Cement and Concrete Market Drivers and Challenges
• India Cement and Concrete Price Trends
• India Cement and Concrete Porter's Five Forces
• India Cement and Concrete Industry Life Cycle
• Historical Data and Forecast of India Cement and Concrete Market Revenues & Volume By Type for the Period 2020-2030
• Historical Data and Forecast of India Cement and Concrete Market Revenues & Volume By Cement for the Period 2020-2030
• Historical Data and Forecast of India Cement and Concrete Market Revenues & Volume By Ready-Mix Concrete for the Period 2020-2030
• Historical Data and Forecast of India Cement and Concrete Market Revenues & Volume By Concrete PipeBrickand Block for the Period 2020-2030
• Historical Data and Forecast of India Cement and Concrete Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of India Cement and Concrete Market Revenues & Volume By Applications for the Period 2020-2030
• Historical Data and Forecast of India Cement and Concrete Market Revenues & Volume By Residential for the Period 2020-2030
• Historical Data and Forecast of India Cement and Concrete Market Revenues & Volume By Nonresidential for the Period 2020-2030
• India Cement and Concrete Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Applications
• India Cement and Concrete Top Companies Market Share
• India Cement and Concrete Competitive Benchmarking By Technical and Operational Parameters
• India Cement and Concrete Company Profiles
• India Cement and Concrete Key Strategic Recommendations