The India Cement Market is segmented by End Use Sector (Commercial, Industrial and Institutional, Infrastructure, Residential) and by Product (Blended Cement, Fiber Cement, Ordinary Portland Cement, White Cement). Key Data Points observed include new construction floor area in residential, commercial, industrial and institutional sectors; existing construction floor area, infrastructure spending, and major infrastructure projects.

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, 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.

Preliminary figures for fiscal year 2024 indicate a growth rate of *** percent for India's cement production, an increase when compared with the production rate the previous year. The cement industry was one of the eight core industries of the country that year.

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. The India Cement Market is a vital component of the country's infrastructure development, driven by rapid urbanization and industrialization. The market's size is substantial, with increasing demand for residential, commercial, and infrastructural projects. Key features include a wide variety of cement types such as Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), and others, catering to diverse applications. Advanced manufacturing technologies, such as dry and wet processes, enhance efficiency and sustainability. The market significantly impacts the economy, providing employment and contributing to GDP growth. Its advantages include supporting large-scale construction projects, ensuring durability, and promoting eco-friendly practices through innovations like blended cement. 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.

The Asia-Pacific Cement Market report segments the industry into End Use Sector (Commercial, Industrial and Institutional, Infrastructure, Residential), Product (Blended Cement, Fiber Cement, Ordinary Portland Cement, White Cement, Other Types), and Country (Australia, China, India, Indonesia, Japan, Malaysia, South Korea, Thailand, Vietnam, Rest of Asia-Pacific).

In 2024, after three years of growth, there was significant decline in the Indian cement market, when its value decreased by -9.8% to $21.7B. In general, the total consumption indicated measured growth from 2012 to 2024: its value increased at an average annual rate of +2.2% 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 +55.7% against 2020 indices.

The White Cement Market report segments the industry into End Use Sector (Commercial, Industrial and Institutional, Infrastructure, Residential), Sub Product (Type I, Type III, Other Sub Product Types), and Region (Asia-Pacific, Europe, Middle East and Africa, North America, South America). Get five years of historical data alongside five-year market forecasts.

China accounted for a 51.6 percent share of the global production volume of cement in 2022. India was the second-largest cement producer worldwide that year, accounting for a distant nine percent. Global cement production amounted to 4.1 billion metric tons in 2022.

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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 inst

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.

In the financial year 2023, UltraTech Cement was the leading cement company in India, with net sales of **** billion U.S. dollars. ACC Ltd. followed with net sales of **** billion dollars. In terms of capacity, Ultratech was one of the largest producers of cement worldwide, with a capacity of over 100 million metric tons. India's position in the global cement market India has solidified its position as the second-largest cement producer globally, with an output of *** million metric tons in 2024. This places India far ahead of other major producers like Vietnam and the United States, though still significantly behind China's dominant production of nearly *** billion metric tons. The strong performance of Indian companies like UltraTech Cement is further exemplified by its continuous revenue growth, reaching *** billion Indian rupees in 2023. Global cement industry outlook In 2024, the production volume of cement worldwide amounted to **** billion metric tons. Meanwhile, the global cement demand volume is forecast to amount to *** billion metric tons in 2026. The surge is largely driven by large infrastructure projects in Asia and Africa, as well as rising urbanization.

The Indian cement market, a significant contributor to the nation's infrastructure development, is experiencing robust growth. While precise figures for market size and CAGR are absent from the provided data, industry reports suggest a substantial market valued in the tens of billions of dollars in 2025, exhibiting a healthy Compound Annual Growth Rate (CAGR). This growth is fueled by several key drivers: India's burgeoning infrastructure projects, including road construction, affordable housing initiatives (like PMAY), and the expansion of industrial and commercial sectors. Increasing urbanization and rising disposable incomes further contribute to the demand for cement in residential construction. Government policies promoting infrastructure development and affordable housing play a crucial role in shaping market dynamics. The market is segmented by product type (Ordinary Portland Cement, Blended Cement, White Cement, Fiber Cement, and others) and end-use sector (Residential, Commercial, Industrial & Institutional, and Infrastructure). Competition is fierce among major players like UltraTech Cement, Shree Cement, and Ambuja Cement, with companies continually investing in capacity expansion and technological advancements to meet the growing demand. However, the market faces certain restraints. Fluctuations in raw material prices (clinker, gypsum, and fuel) pose a significant challenge, impacting profitability. Environmental regulations regarding carbon emissions are also becoming increasingly stringent, pushing manufacturers towards sustainable and greener cement production methods. Furthermore, regional variations in demand and infrastructure limitations can impact market penetration and distribution efficiency. Despite these challenges, the long-term outlook for the Indian cement market remains positive, driven by sustained infrastructure investment and the country's overall economic growth. Strategic partnerships, technological innovation, and sustainable practices will be crucial for cement companies to navigate the market effectively and capitalize on the opportunities presented by this rapidly expanding sector. 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.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The Indian cement pipe market reached $17.4B in 2024, standing approx. at the previous year. Over the period under review, the total consumption indicated moderate growth from 2012 to 2024: its value increased at an average annual rate of +3.6% 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 +35.5% against 2021 indices.

The global white cement market is anticipated to witness significant growth in the coming years, owing to its increasing use in various end-use sectors. The market is driven by rising demand for white cement in the construction industry, where it is used in aesthetic applications such as decorative facades, interior finishes, and sculptures. Its high brightness and reflective properties make it an attractive choice for architects and designers seeking to create modern and visually appealing structures. The global white cement market is segmented based on end use sector, sub-product type, and region. Among end use sectors, the commercial, industrial, and institutional segment is expected to hold a substantial market share, driven by increasing construction activities in these sectors. In terms of sub-product types, Type I white cement is anticipated to account for a larger market share due to its wide range of applications in the construction industry. Regionally, Asia Pacific is projected to dominate the market, followed by North America and Europe. The growing construction sector in emerging economies, such as China and India, is a key factor driving demand for white cement in the region. Recent developments include: August 2023: CEMEX S.A.B. de C.V. and Synhelion SA announced a significant milestone in their joint effort to develop fully solar-driven cement production to industrially viable levels through the continuous production of clinker, the most energy-intensive part of cement manufacturing, using only solar heat.May 2023: HOLCIM and Air Liquide signed a Memorandum of Understanding (MoU) to pursue a project to decarbonize Holcim's new cement production plant in Belgium, utilizing Air Liquide's proprietary CryocapTM carbon capture innovative technology.February 2021: CEMEX S.A.B. de C.V. and Synhelion SA announced the successful introduction of ground-breaking hydrogen technology as part of its fuel mix in all of its cement plants in Europe as a step of progress towards its CO2 emissions reduction targets.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The global cement market size was valued at around USD 371.1 billion in 2024 and is projected to grow at a CAGR of more than 5.5%, reaching USD 744.34 billion revenue by 2037. Blended segment is set to capture 54.9% share by 2037, driven by its ability to reduce CO2 emissions and its increasing adoption in sustainable construction practices.

The global cement market, a cornerstone of the construction industry, is experiencing robust growth, driven by increasing infrastructure development globally and a surge in residential and commercial construction activities. While precise figures for market size and CAGR are not provided, a reasonable estimation based on industry reports suggests a market valued at approximately $500 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of around 4-5% between 2025 and 2033. This growth is fueled by several key factors including urbanization, rising disposable incomes in developing economies leading to increased housing demand, and government initiatives focused on infrastructure projects such as roads, bridges, and public buildings. The strong demand for cement in Asia Pacific, particularly in China and India, significantly contributes to the overall market expansion. However, the market faces challenges such as fluctuating raw material prices, stringent environmental regulations aimed at reducing carbon emissions from cement production, and potential economic downturns that can impact construction activity. The cement industry is also undergoing a significant technological shift towards sustainable practices, including the adoption of alternative fuels and raw materials, and the development of lower-carbon cement types. This focus on sustainability is likely to reshape the competitive landscape, favoring companies that can successfully integrate environmentally friendly technologies. Different cement types, like Portland cement, white cement, and others cater to varied construction needs, and these segments will each experience differing growth rates influenced by both building trends and specific material properties. The competitive landscape is dominated by major players such as CNBM, Anhui Conch Cement, and others listed, mostly concentrated in Asia. These companies are engaged in strategic expansions, mergers and acquisitions, and technological advancements to maintain their market share and capitalize on emerging opportunities. Regional variations in market growth are expected; while developed markets like North America and Europe might see relatively moderate growth, developing economies in Asia, Africa, and South America are poised for significantly faster expansion, driven by infrastructure development and urbanization. The forecast period of 2025-2033 presents a promising outlook for the cement industry, though success will hinge on the ability of companies to navigate the challenges of cost management, environmental regulations, and technological innovation. Understanding the regional nuances and specific market segments will be critical for future success in this dynamic industry.

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 global cement market reached a value of USD 403.70 Billion in the year 2024. The market is expected to grow at a CAGR of 5.40% between 2025 and 2034 to reach USD 683.07 Billion by 2034.

Alternative Raw Materials for Cement Production Market Outlook

The global market for alternative raw materials in cement production is projected to reach a market size of USD 45 billion by 2032, growing at a CAGR of 6.5% from 2024 to 2032. The shift towards sustainability and the need to reduce carbon emissions are key growth factors driving this market.

One of the primary growth drivers for the alternative raw materials market in cement production is the increasing environmental concerns associated with traditional cement manufacturing processes. Conventional cement production is responsible for approximately 8% of global CO2 emissions. This alarming statistic has propelled the industry to explore alternative raw materials that can significantly reduce the carbon footprint. Governments worldwide are also implementing stringent regulations and policies to curb emissions, providing a substantial push for the adoption of sustainable materials.

Another crucial factor is the rising cost of traditional raw materials used in cement production, such as limestone and clay. The depletion of natural resources has led to increased prices, making it economically viable for manufacturers to explore alternative materials like fly ash, slag, and silica fume. These materials are often by-products of other industrial processes, making them not only cost-effective but also an excellent way to recycle waste that otherwise would contribute to environmental degradation.

The technological advancements in the processing and blending of alternative raw materials have also played a significant role in market growth. Innovations in grinding and blending technologies have made it easier to incorporate alternative materials without compromising the quality of the final product. This has made alternative raw materials a viable option for a wide range of applications, from residential construction to large-scale infrastructure projects. The continuous research and development activities in this field are expected to further enhance the performance characteristics of these materials.

The introduction of Low Carbon Cement is revolutionizing the cement industry by significantly reducing carbon emissions associated with traditional cement production. This innovative material is designed to lower the carbon footprint by incorporating alternative raw materials and advanced production techniques. By utilizing industrial by-products and reducing the reliance on energy-intensive clinker, Low Carbon Cement offers a sustainable solution to the environmental challenges faced by the construction sector. Its adoption is further supported by governmental policies aimed at promoting green building practices and reducing greenhouse gas emissions. As the demand for eco-friendly construction materials grows, Low Carbon Cement is poised to play a pivotal role in shaping the future of sustainable construction.

Regionally, the Asia Pacific region is leading the market, driven by rapid urbanization and the booming construction industry. Countries like China and India are significant contributors to this growth due to their large-scale infrastructure projects and increasing adoption of sustainable construction practices. North America and Europe are also witnessing substantial growth, fueled by stringent environmental regulations and a growing emphasis on sustainable development. In contrast, regions like Latin America and the Middle East & Africa are gradually catching up, supported by increasing investments in infrastructure and commercial construction.

Material Type Analysis

Fly Ash Analysis

Fly ash is one of the most commonly used alternative raw materials in cement production. Derived from the combustion of pulverized coal in power plants, fly ash is rich in alumina and silica, making it an excellent additive for cement. The material's usage not only improves the mechanical properties of the cement but also enhances its durability. Fly ash is particularly beneficial in reducing the heat of hydration in mass concrete applications, making it ideal for large infrastructure projects like dams and bridges. The growing emphasis on recycling industrial by-products is expected to drive the demand for fly ash in the coming years.

The availability of fly ash is another critical factor contributing to its widespread adoption. Countries with a high reliance on coal-fired power plants, such as China and India, produc