India Cement Market to grow by 7% in 2019.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
India is the second-largest producer of cement in the world. Increased construction and infrastructural activities are the major drivers of cement market. Initiatives such as the development of 98 smart cities are expected to provide a major opportunity for the market. An increase in expenditure further impels growth to the India cement market. Cement demand to grow by 8 % owing to governments focus on infrastructure and housing.
Expecting such developments in the country and helped by suitable government foreign policies, several foreign players like Lafarge-Holcim, Heidelberg Cement, and Vicat have invested in the country in the recent past. A major factor that aids the growth of this sector is the ready availability of the raw materials for making cement, for instance, limestone and coal.
India’s cement market is segmented by product and by an application. By product, grey cement is dominating product segment of India’s cement market. Grey cement is durable for bridges, buildings and other infrastructures. Grey cement costs about half as much to produce as white cement and is more widely available than white cement.
52.84 % of people are now living in urban areas and this figure is increasing year by year. By 2030 India will lead to the urban population. Residential sector grabs 60 % share of the market. Increasing urbanization drives the residential segment market. Non-residential has cement as an alternative to bitumen has greatly affected to non- residential segment in India cement market. Infrastructure development outlay for highways, roads, and railways has increased by 22 %.
The Indian cement industry is dominated by a few key players. The top 20 cement companies account for almost 70 % of the total cement production of the country. A total of 210 large cement plants account for a cumulative installed capacity of over 410 Mn tonnes, with 350 small plants accounting for the rest. Of these 210 large cement plants, 77 are sited in the states of Rajasthan, Andhra Pradesh, and Tamil Nadu.
The objective of the report is to present comprehensive analysis of India Cement Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding India Cement Market dynamics, structure by analyzing the market segments, and project the India Cement Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the India Cement Market make the report investor’s guide.
Scope of the India Cement Market
India Cement Market, By Product:
• White Cement
• Grey Cement
India Cement Market,By Application:
Key Player analysed in India Cement Market:
• UltraTech Cement
• Shree Cements
• Ambuja Cements
• Binani Cement
• Ramco Cements
• OCL India
• Birla Corp
• India Cement
• Agarwal Min Chem Ltd
• Anjani Portland Cement Ltd
• Asian Concretes Cement Ltd
• Bagalkot Cement & Inds.Ltd
• India Cements Ltd
• J & K Cement Corporation
• Nuvoco Vistas Corp. Ltd.
• Saurashtra Cement Ltd
• Uma Cement Industries
• Vadraj Cement Ltd.
• Viket Sagar Cement
• Wonder Cement Ltd
• Zuari Cement Ltd
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