Cement Market in India 2015-2019
About Cement Market in India
India's cement industry is a vital part of its economy, providing employment to more than a million population, directly or indirectly. Ever since it is deregulated in 1982, the Indian cement industry has attracted huge investments, from both Indian and foreign investors, making it the second largest in the world. The industry is currently in a turnaround phase, trying to achieve global standards in production, safety, and energy-efficiency. The immense potential offered by the housing sector of the world's second largest populated country is expected to drive the cement market. With supply-side developments in technology, product range, and capacity utilization, the industry is expected to showcase tremendous growth in the coming years.
TechNavio's analysts forecast the Cement market in India to grow at a CAGR of 8.96 percent during the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Cement market in India for the period 2015-2019. The report has considered the production of Cement in India to calculate the market size. It primarily focuses on the domestic and global Cement production scenarios. The report also presents the vendor landscape and a corresponding detailed analysis of the key vendors and a brief description about other prominent vendors operating in the market. In addition, the report discusses the major drivers that influence the growth of the Cement market in India. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market. Key Regions
TechNavio Announces the Publication of its Research Report – Cement Market in India 2015-2019
TechNavio recognizes the following companies as the key players in the Cement Market in India: ACC Ltd., Ambuja Cement Ltd., Jaiprakash Associates, Shree Cement Ltd. and UltraTech Cement Ltd.
Other Prominent Vendors in the market are: Birla Cement, JK Cement, Prism Cement and Ramco Cement.
Commenting on the report, an analyst from TechNavio’s team said: “The consolidation of the once fragmented Cement market is a major trend upcoming in the market. Small and medium vendors present in the market are entering into JVs to increase their respective market shares. The low cost of the raw materials required for the manufacture of cement, gives contractors an upper hand when bargaining for cement for construction as several small and medium-sized vendors are operating in the market.”
According to the report, growth of the market is mainly because of growth of the construction industry in India and increased support from the GoI. The Construction industry of India has the potential to create tremendous opportunities that can boost the Cement market. The country is in a crucial phase of development where numerous infrastructure projects are underway in different regions, thus propelling the demand for cement production.
Further, the report states that a major challenge that the market faces is high transportation costs. Poor logistics system and weak transport networks increase the cost of transporting cement from the plant to the construction site. ACC Limited., Ambuja Cements Limited., Jaiprakash Associates., Shree Cement., Ultratech Cement Limited., Binani Cement Limited., Dalmia Cement Limited., India Cement Limited., Madras Cement Limited.