Cement market share in India | Size Forecast 2025

Q: How much does the top five companies comprise?

By the end of 2023, the five leading cement makers had about 54 percent of the Indian cement capacity that is likely to rise to 55 percent by the start of 2025.

Q: Who is the leader in the market?

The market share of UltraTech Cement is close to 21 percent.

Q: Why is consolidation increasing?

Accelerated M&amp;A, capacity expansion, and regulatory approvals—like Ambuja’s takeover of Orient Cement—are driving competitive consolidation.

Q: What challenges does the industry face?

Volatile raw material prices, environmental compliance costs, and margin pressures from rising input costs and competition remain key challenges.

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Code: MTA4155

Publication Date: Jun 2025

What is the Cement Market Share, Size & Growth Rate in India?

According to 6Wresearch insights and industry sources, the top five Indian cement companies—UltraTech Cement, Ambuja Cements, Shree Cement, ACC Ltd., and Dalmia Bharat—held approximately 54% of domestic capacity by December 2023, with this share expected to rise to around 55% by March 2025 due to ongoing consolidation.

UltraTech Cement alone commands nearly 21% of the market share, remaining the largest cement manufacturer in India.

Key Growth Factors in the India Cement Market

Expansion is due to the prolonged investment in infrastructure, more urbanization and housing construction, intelligent participations and capacity augmentations by key rivals, and attention to cost economies and excess in manufacturing.

Cement Market Trends

India Cement Market is expected to evolve with increasing consolidation among major producers, reflected in significant M&A activity such as acquisitions by UltraTech and Ambuja. Increased expansion of grinding units and modern milling set-ups is redefining efficiency of operations. Demand of high-quality and specialty cement products such as green and low-carbon cement is catching up. Moreover, breakthroughs in the areas of procurement, production monitoring, and logistics of a supply-chain are increasingly common among top companies, in terms of digital solutions.