Overview of the India Cement Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “India Cement Market By Type, (Blended, [Portland Slag Cement (PSC), Portland Pozzolana Cement (PPC), Portland Composite Cement (PCC)], Ordinary Portland Cement (OPC), Others), By End Users, (Residential, Infrastructur, Commercial, Industrial), and Others, The India Cement Market size was valued at around 3. 5.16 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. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
India Cement Market Growth and Scope:
Base Year: 2024
Forecast Period: 2025-30
Historical Data: 2020-23
CAGR (2025-2030): 5.1%
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India Cement Market Opportunity:
Expansion of Road Networks – In India, most of the transportation and logistical activities happen through roadways. The increasing spending on expanding the road networks of the country has resulted in massive consumption of cement in the country. Moreover, MoRTH has seen a rise of around 3% in its budget to USD32.3 billion in FY25. This highlights the strong expansionary outlook for the Indian road networks in the country. The Bharatmala project of the GoI which has completed 15,549 km of roads till FY24 is planning to complete the rest of 19,251 km of Bharatmala Phase-I by 2028. This will boost the demand for cement in India leading to market growth over the forecasted period.
A Comprehensive Analysis of Leading Companies of India Cement Market by MarkNtel Advisors:
- 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
- Others
Key India Cement Market Segmentation:
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-By Type
- Blended Cement
- Ordinary Portland Cement
- Others
In 2024, blended cement has the largest market share of more than 70% in the India Cement Market.
-By End Users
- Residential
- Infrastructure
- Commercial
- Industrial
Residential is the largest end-user in the India Cement Market with a market share of more than 55% in 2024.
Geographical Analysis
-By Region
- North & Central
- South
- East
- West
The southern region of India includes states like Tamil Nadu, Andhra Pradesh, Karnataka, Telangana, and Kerala, which hold the largest market share of about 27% in the India Cement Market.
Key Reports Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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