The India Cement Market Report is Segmented by Product (Ordinary Portland Cement, Blended Cement, White Cement, Fibre Cement, and Other Types) and End-Use Sector (Residential, Commercial, Industrial and Institutional, and Infrastructure). The Market Forecasts are Provided in Terms of Volume (Tons).

The India Cement Market, valued at 3.96 Billion tons in 2024, is expected to reach 5.1 Billion tons by 2030, growing at a CAGR of 5.1% during 2025-30.

In 2023, India was the second largest producer of cement in the world. Consumption of cement at that time stood at around 375.2 million metric tons. Cement demand in India The market has been dominated by the private sector, having about 98 percent of the total production capacity. Rural and urban housing were the major consumers of cement in 2021, accounting for nearly 60 percent of the domestic demand. Infrastructure in IndiaOne of the key drivers for the Indian economy was infrastructure. In 2023, this sector had an FDI equity inflow of around 1.7 billion U.S. dollars. In financial year 2021, over a trillion Indian rupees of infrastructure investments went into the real estate sector across India.

The India cement market exhibits robust growth, projected to reach a substantial market size, with a Compound Annual Growth Rate (CAGR) of 5.00% from 2025 to 2033. While the exact 2025 market size ("XX Million") is unspecified, considering a typical market size for a developing nation's cement industry and the provided CAGR, a reasonable estimation places it in the range of several billion USD. This growth is fueled by several key drivers: India's sustained infrastructure development, particularly in housing, roads, and industrial projects, is a primary catalyst. Government initiatives promoting affordable housing and smart cities further accelerate demand. Additionally, rising urbanization and increasing disposable incomes contribute significantly to the market's expansion. However, challenges persist. Fluctuations in raw material prices (like coal and clinker), environmental regulations regarding cement production, and potential disruptions in the supply chain due to geopolitical factors pose restraints to the market's growth. Segmentation within the market includes various cement types (Portland cement, blended cement, etc.) and application areas (construction, infrastructure, etc.), further influencing market dynamics. Key players like UltraTech Cement, Ramco Cements, India Cements, Dalmia Bharat, and others are strategically positioned to capitalize on growth opportunities while addressing these challenges, leading to intense competition and further market shaping. The forecast period (2025-2033) anticipates sustained growth, primarily driven by the continued expansion of India's infrastructure sector and the ongoing urbanization trend. Government policies aimed at improving housing and infrastructure will likely provide a favorable environment. However, companies must adopt sustainable production practices and optimize their supply chains to mitigate the impact of raw material price volatility and environmental regulations. The competitive landscape is characterized by both established players and emerging entrants, fostering innovation and driving market consolidation. Analyzing regional variations in demand and market penetration will provide further insights for strategic planning and investment decisions. Key drivers for this market are: , Growing Demand from Paper and Packaging Industry; Shifting Consumer Preferences to Hot-melt Adhesives; Stringent Regulatory Policies. Potential restraints include: , Unfavorable Conditions Arising Due to COVID-19 Outbreak. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

UltraTech Cement is the market leader in India's cement industry. As of fiscal year 2020, it accounted for a ** percent share of the Indian cement market. UltraTech Cement is based in Mumbai and is a subsidiary of the Indian multinational conglomerate, Aditya Birla Group. Ambuja Cement had the second-highest market share that year, accounting for a ** percent share of India's cement market.

The India cement market reached around 338.04 MMT in 2024. The market is projected to grow at a CAGR of 5.40% between 2025 and 2034 to reach nearly 571.97 MMT by 2034.

Discover key trends shaping India Cement Market, size at USD XX in 2023, featuring industry growth and future forecast.

For the fourth consecutive year, the Indian cement market recorded growth in sales value, which increased by 5.7% to $40.1B in 2024. Over the period under review, consumption posted strong growth. Over the period under review, the market attained the peak level in 2024 and is likely to see gradual growth in the immediate term.

The India Cement market is expected to grow with more than 8.50% CAGR from 2024 to 2029.

India Cement: Consumption: Southern Region data was reported at 50,913.000 Ton th in 2012. This records a decrease from the previous number of 51,026.000 Ton th for 2011. India Cement: Consumption: Southern Region data is updated yearly, averaging 32,032.000 Ton th from Mar 1996 (Median) to 2012, with 17 observations. The data reached an all-time high of 54,425.000 Ton th in 2009 and a record low of 18,495.000 Ton th in 1996. India Cement: Consumption: Southern Region data remains active status in CEIC and is reported by Cement Manufacturers' Association. The data is categorized under India Premium Database’s Cement Sector – Table IN.RCE001: Cement: Consumption: by Region.

The size of the India Cement Market market was valued at USD 395 Million in 2023 and is projected to reach USD 600 Million by 2032, with an expected CAGR of 5.00% during the forecast period. Recent developments include: August 2023: The Adani Group's subsidiary, Ambuja Cements Ltd, announced the purchase of a 57% promoter stake in Indian cement manufacturer Sanghi Industries Ltd at an enterprise value of USD 606.5 million to expand its manufacturing capacity and market presence.August 2023: Dalmia Bharat commenced commercial production at its new Greenfield Cement Grinding unit in Sattur, Tamil Nadu, adding 2 million tons of cement capacity to the company’s overall installed capacity.June 2023: Shree Cement Limited's wholly owned subsidiary, Shree Cement East Pvt. Ltd completed a greenfield cement plant in the Purulia district of the Indian state of Bengal, increasing the group's cement production capacity to around 50 MTPA.. Key drivers for this market are: , Growing Demand from Paper and Packaging Industry; Shifting Consumer Preferences to Hot-melt Adhesives; Stringent Regulatory Policies. Potential restraints include: , Unfavorable Conditions Arising Due to COVID-19 Outbreak. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

Preliminary figures for fiscal year 2025 indicate a growth rate of ***** percent for India's cement production, a decrease when compared with the production rate the previous year. The cement industry was one of the eight core industries of the country that year.

India Cement Market size was valued at USD 4.14 Billion in 2024 and is projected to reach USD 5.94 Billion by 2032, growing at a CAGR of 4.6% from 2026 to 2032.

India Cement Market Drivers

Government Initiatives: The Indian government's strong emphasis on infrastructure development through projects like the National Infrastructure Pipeline (NIP), Gati Shakti Master Plan, Bharatmala Pariyojana (highways), Sagarmala Programme (ports), and the development of smart cities, metro rail networks, high-speed rail corridors, and dedicated freight corridors are significant drivers for cement demand.

Increased Budget Allocations: The consistent increase in budgetary allocations for infrastructure projects, such as the Ministry of Road Transport and Highways' enhanced budget, directly translates to higher cement consumption.

Government Schemes: Schemes like the Pradhan Mantri Awas Yojana (PMAY) in both rural and urban areas are boosting the demand for cement in the housing sector, which constitutes the largest share of cement consumption in India.

Urbanization and Nuclear Families: The ongoing shift of population from rural to urban areas, coupled with the rise in nuclear families, fuels the need for new housing units, thereby driving cement demand.

Discover the latest insights on the booming global cement market. Explore market size projections, CAGR, key drivers, regional trends, and competitive analysis for 2025-2033. Learn about leading companies and emerging opportunities in this essential construction material sector.

India Cement: Consumption: Western Region: Gujarat data was reported at 15,022.000 Ton th in 2012. This records an increase from the previous number of 13,080.000 Ton th for 2011. India Cement: Consumption: Western Region: Gujarat data is updated yearly, averaging 8,287.000 Ton th from Mar 1996 (Median) to 2012, with 17 observations. The data reached an all-time high of 15,022.000 Ton th in 2012 and a record low of 5,518.000 Ton th in 1996. India Cement: Consumption: Western Region: Gujarat data remains active status in CEIC and is reported by Cement Manufacturers' Association. The data is categorized under India Premium Database’s Cement Sector – Table IN.RCE002: Cement: Consumption: by Region: Annual (Discontinued).

India Cement: Consumption: Northern Region: Haryana data was reported at 7,768.000 Ton th in 2012. This records an increase from the previous number of 6,770.000 Ton th for 2011. India Cement: Consumption: Northern Region: Haryana data is updated yearly, averaging 3,984.000 Ton th from Mar 1996 (Median) to 2012, with 16 observations. The data reached an all-time high of 7,768.000 Ton th in 2012 and a record low of 1,717.000 Ton th in 1996. India Cement: Consumption: Northern Region: Haryana data remains active status in CEIC and is reported by Cement Manufacturers' Association. The data is categorized under India Premium Database’s Cement Sector – Table IN.RCE002: Cement: Consumption: by Region: Annual (Discontinued).

At the end of fiscal year 2024, the export volume of cement to India amounted to just 0.82 million metric tons. This represents a significant drop from the peak of 6.85 million metric tons exported in fiscal year 2017, highlighting a shift in India's position in the global cement market.

After two years of growth, the Indian cement pipe market decreased by -1.2% to $17.2B in 2024. Over the period under review, the total consumption indicated moderate growth from 2012 to 2024: its value increased at an average annual rate of +3.5% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +33.6% against 2021 indices.

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Cement Market Size 2024-2028

The cement market is estimated to grow by USD 89.4 billion at a CAGR of 4.25% between 2023 and 2028. The market is experiencing significant growth, driven by increasing investments in road and highway infrastructure projects, particularly in the highway sectors. This trend is fueled by government initiatives to improve connectivity and boost economic development. The market is expanding rapidly due to increased construction activities, with rising demand for high-quality cement products driving advancements in production technologies and sustainable building practices. Another key trend is the adoption of alternative fuels in cement manufacturing, such as waste materials and biomass, to reduce carbon emissions and improve sustainability. Additionally, rising construction costs are pushing cement producers to increase efficiency and reduce production costs through technological advancements and economies of scale. These factors, along with population growth and urbanization, are expected to continue driving market growth in the coming years.

What will be the size of the Market During the Forecast Period?

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Market Segmentation

By Product

The market share growth by the blended segment will be significant during the forecast period. Blended cement is a product in which part of the clinker is substituted with other materials. The market plays a pivotal role in the infrastructure and construction sectors, particularly in the development of airports, bridges, commercial projects, and buildings. Cement consumption is driven by the demand for concrete in various applications, including the construction of healthcare centers, hospitals, housing, and dams. Cement formulations have evolved to include eco-friendly options, such as blended cement and green cement, which help reduce carbon emissions and the environmental footprint.

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The blended segment was valued at USD 184.20 billion in 2018. The production of this product involves interring one or more additives, in various proportions, at the grinding stage. Thus, blended cement can be defined as the uniform mix of portland cement and blending materials such as silica fumes, fly ash, limestone, and slag to enhance its properties for different applications. The consumption of this product is increasing as it can improve the workability, strength, durability, and chemical resistance of concrete. Additionally, water consumption is less, which makes it easy to work with and shape. This product can also be used in functions such as domestic construction, engineering projects, mining applications, and road construction. Therefore, the increase in various infrastructural development projects will drive the demand for blended cement and, contribute to the growth of the market in focus during the forecast period.

By Region

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APAC is estimated to contribute 87% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In 2022, APAC accounted for the largest share of the global market in terms of consumption. The market in APAC is dominated by China, Japan, India, Australia, South Korea, and Indonesia. The factors responsible for the growth of the market in APAC are growing industrialization, rapid urbanization, and increasing infrastructure development. APAC is leading the market as it is home to some of the leading manufacturing and export-oriented countries. Several countries in APAC are witnessing rapid economic growth, which is boosting the industrial sector and increasing the urbanization rate. China, India, Japan, and Australia significantly contribute to the growth of the market in APAC.

Moreover, in APAC, population growth will also fuel the demand for cement during the forecast period. The Smart City Mission by the Government of India has increased infrastructure development in the country. The ongoing infrastructure projects across the country will drive the demand during the forecast period. Such projects require cement, which will drive the growth of the market in APAC during the forecast period. The construction industry in several Asian countries is also growing. Developing countries, including India, Vietnam, Indonesia, and Malaysia, where residential housing constructions are growing exponentially due to a rise in household incomes and increasing urbanization, are expected to be significant contributors to the growth of the market in APAC during the forecast period.

Market Dynamics and Customer Landscape

The market witnesses robust growth driven by worldwide demand in both the industrial and institutional sectors and the in

India Cement Market is segmented by Application (Insurance industry_ Finance industry_ Agriculture industry_ Climate change_ Rural development), Type (Insurance_ Finance_ Agriculture_ Risk management_ Climate change), and Geography ()