TechSci Research reports that the India cement market will achieve a CAGR of 8.98% and reach USD 43037.44 million by 2028. Cement/concrete is the second most widely used product in the world, after potable water. Residential applications are expected to dominate the market, with a 50.01% market share, owing to affordable housing schemes such as the Pradhan Mantri Awas Yojana (PMAY). Ordinary Portland Cement (OPC) dominates the India cement market, with a 56.76% market share in 2022. India’s urban population is expected to grow by over 270 million people by 2040.
Despite such rapid urbanization, less than 50% of India’s population is expected to live in cities by 2040. Total residential floor area is expected to increase significantly, from less than 20 billion square meters presently to over 50 billion square meters in the next two decades, due to urbanization. India’s economy depends primarily on the infrastructure sector, which includes the construction of motorways, bridges, dams, power plants, and other urban infrastructure. The infrastructure industry is now a major focus of the Indian government, and the government plans to invest USD 1.4 trillion in infrastructure to ensure the nation’s long-term prosperity from 2019 to 2023. Between 2018 and 2030, the government aims to spend USD 750 billion on rail projects.
Browse over 25 market data Figures and 5 Tables spread through 70 Pages and an in-depth TOC on “India Cement Market”– https://www.techsciresearch.com/report/india-cement-market/4110.html
Key market players in the India cement market include:
- UltraTech Cement Ltd
- Ambuja Cements Ltd
- ACC Limited
- Shree Cement Ltd
- Dalmia Bharat Ltd
- Birla cement
- India Cements Ltd
- The Ramco Cements Limited
- JK Lakshmi Cement Ltd
- Orient Cement Ltd
The cement industry is acknowledged as a significant emitter of carbon by the companies. To reduce carbon emissions and achieve SDG 13, which is the climate change target, they have integrated a low-carbon plan into their business roadmap based on the United Nations Framework Convention on Climate Change’s COP21. UltraTech’s GHG emission reduction targets have been certified by the science-based targets Initiative, and the company has aligned its business plans with the Paris Agreement’s standards.
According to Mr. Karan Chechi, Research Director at TechSci Research, a research-based global management consulting firm, “Factors such as mega infrastructural projects, affordable housing schemes like the Pradhan Mantri Awas Yojana (PMAY), and an increase in renovation and construction activities are driving the demand for the market.” The India cement market is expected to expand during the projected period.
The report “India Cement Market By Type (Ordinary Portland Cement {OPC}, Portland Pozzolana Cement {PPC}, Others), By Application (Residential, Commercial, Infrastructure, Industrial, Institutional), By Region, Competition, Forecast & Opportunities, 2028” evaluates the future growth potential of the India cement market and provides statistics and information on market structure, size, share, and future growth. The report aims to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Additionally, the report identifies and analyzes emerging trends along with essential drivers, challenges, and opportunities present in the India cement market.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4110
About TechSci Research:
TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]