1
Cement Industry In India 2019
Published on 14 Jan 2023
2
Report Overview
India accounts for 8 of the global cement
production installed capacity. In FY 2018, India
held the second position in the global cement
industry, with a production volume of 297.56 Mn
tons in comparison to Chinas 2170 Mn tons. The
cement industry in India is supported by high
FDI. During the April 2000-March 2019 period, FDI
in the cement and gypsum products industry was
INR 369.38 Bn.Market insightsThe production
of cement in India is expected to reach 410.21 Mn
tons by FY 2024, expanding at a compound annual
growth rate (CAGR) of 3.83 during the FY
2019-FY 2024 period, owing to rising demand from
the government and housing contractors. Cement
consumption is anticipated to increase at a CAGR
of 4.38 during the forecast period owing to the
sanction of schemes for improving roads and
highways connectivity and housing facility
related programs, and growing demand from the
commercial real estate sector. The major players
operating in the Indian cement industry include
UltraTech Cement Limited, Ambuja Cements Limited,
JK Lakshmi Cement, and Ramco Cements Limited.
