India Cement Market Research Report 2023 offers a comprehensive analysis of the market, including business opportunities, growth, and trend analysis for various applications, types, and regions such as North America, Europe, Asia-Pacific, South America, Middle East, and Africa. The report delves into important producers, market developments, opportunities, challenges, and threats to the market as a whole. It is a 100+ page report that provides a detailed examination of growth statistics, opportunities, trends and the competitive landscape in the industry.
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Some of the major players include UltraTech Cement Limited, Ambuja Cements Limited, ACC Limited, Shree Cement Limited.
The cement industry is mainly driven by the consequential number of construction activities with the growing demand and a surging need for residential complexes of urbanised population. Furthermore, the construction of various infrastructure projects such as airports and roads, undertaken by the government in recent times, propels the growth of the market.
Market insights:
India is the second-largest producer of cement in the world, accounting for more than 7% of the global installed capacity. In FY 2021, domestic production stood at 294.40 million tons, declining by 12% year-on-year on account of the economic slowdown. Cement consumption is projected to reach about 419.92 million tons in FY 2027. The spurt in demand from sectors such as housing, commercial construction, and industrial construction will lead to an increase in consumption.
Segment insights:
The housing sector is the key contributor to the cement industry growth. It is estimated that about 60% of cement is consumed by the sector. Demand is further getting fuelled by the non-trade segment, which is gaining momentum with the resumption of construction work of public infrastructure projects such as roadways and metros, after the lockdown. In terms of production, south India has the maximum production capacity among the five zones (north, south, central, west, and east). It has a share of about 33% of the overall cement production.
COVID-19 impact analysis:
In the wake of the pandemic, production was affected due to intermittent lockdowns and restrictions on mobility. Construction activities were interrupted in Q4 FY 2021 and Q1 FY 2022 because of the second wave and this resulted in the decline of consumption. However, because orders were put on hold, consumption volumes increased in the second quarter of FY 2022. Significant market growth is expected over the forecast period because of higher infrastructure and developmental activities.
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Our most recent research report showcases the thriving expansion of the India Cement Market and offers in-depth insights into the projected market size, share, and revenue until 2030.
The report addresses the following key questions regarding the India Cement market:
- What is the expected growth rate of the market in the upcoming years and what factors are driving this growth?
- How do consumers perceive and adopt different types of India Cement in the market?
- How are regulatory policies and government initiatives impacting the growth of the India Cement market?
- What is the market share of the top 5 players in the India Cement market and how is it likely to change in the future?
- What are the latest technologies and innovations in the India Cement market and how are they shaping the industry landscape?
- How do macroeconomic factors such as inflation, GDP, and exchange rates affect the India Cement market?
- What are the challenges related to the supply chain and logistics that India Cement market players face and how are they addressing them?
- How is the changing consumer behavior and preferences influencing the dynamics of the India Cement market?
- What are the potential risks and uncertainties associated with investing in the India Cement market, and how can they be mitigated?
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of India Cement market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the India Cement market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the India Cement market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate India Cement business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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