India Cement Market Set to Experience a Massive 5.1% CAGR During 2025-2030

India Cement Market Overview and Insights:

According to Markntel Advisors Report, 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% during the forecast period, i.e., 2025-30.

India Cement Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Industry Growth Driver:

Rapid Infrastructure Development in India – By 2047, India wants to achieve an ambitious target of turning into a developed country and is transforming itself for it. This has resulted in increased government spending on the country’s infrastructure to attain such a vast objective. In pursuit of this targeted investment of USD1.3 trillion between 2020 and 2025, India launched the “National Infrastructure Pipeline (NIP)” in 2020 based on the public-private partnership model. It has resulted in the wide-scale infrastructure development in the country with 1,967 projects still in the under-development stage in 2024. As per India Investment Grid (IIG), the launch of the Gatishakti master plan (NMP) by India in 2021 the Indian government has 15,928 projects with a total cost of USD 2.4 trillion in 2024. These projects primarily focus on enhancing and boosting the transportation and logistics capabilities of India by connecting various economic zones of the country.

What is Included in India Cement Market Segmentation?

The report has segmented the market into the following categories:

By Type

– Blended

– – Portland Slag Cement (PSC) – Market Size & Forecast 2020-2030F, Million Tonnes

– – Portland Pozzolana Cement (PPC) – Market Size & Forecast 2020-2030F, Million Tonnes

– – Portland Composite Cement (PCC) – Market Size & Forecast 2020-2030F, Million Tonnes

– Ordinary Portland Cement (OPC)- Market Size & Forecast 2020-2030F, Million Tonnes

– Others- Market Size & Forecast 2020-2030F, Million Tonnes

By End Users

– Residential – Market Size & Forecast 2020-2030F, Million Tonnes

– Infrastructure- Market Size & Forecast 2020-2030F, Million Tonnes

– Commercial – Market Size & Forecast 2020-2030F, Million Tonnes

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

Residential is the largest end-user in the India Cement Market with a market share of more than 55% in 2024. This is primarily because housing in India is considered an important requirement for an individual, leading to healthy demand in the market throughout the year. This leads to major cement companies actively targeting this segment. This is seen in the rapidly growing bank credit outstanding in India towards the housing sector. As per the RBI’s data on the sectoral development of bank credit, the outstanding housing credit stood at around USD 323.7 billion in March 2024, which has risen from USD 205.2 billion in March 2022.

By Region

– North & Central

– South

– East

– West

Who are the Key Players Operating in the India Cement Industry?

The top companies of the India Cement market 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

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