Market Forecast By Type (Type 1, Type 2, Type 3, Type 4, Type 5), By Application (Residential, Commercial, Industrial), By Packing Type (10 KG, 15 KG, 25 KG, Others) And Competitive Landscape
Product Code: ETC342564 | Publication Date: Aug 2023 | Updated Date: Apr 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
India Portland Cement Market registered a decline of -24.5% in value shipments in 2022 as compared to 2021 and a decrease of -13.26% CAGR in 2022 over a period of 2017. In Portland Cement Market India is becoming more competitive as the HHI index in 2022 was 3880 while in 2017 it was 6575. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Portland Cement Market.
India is unable to meet its increasing needs for this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of the Portland Cement Market in 2022 was 0.81 while in 2017 it was 0.74. Bangladesh, Bhutan, United Arab Emirates, Oman and Nepal were among the top players in the market in 2022, where Bangladesh acquired the largest market share of 44.31% with a shipment value of 13.15 million USD in 2022 Bangladesh also offered the product above the average market price but remained at the leadership position indicating the trust it holds in the Portland Cement Market. In 2017 Pakistan had the largest market share of 78.81% with a shipment value of 72.77 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As Pakistanprice is lower than the average price, it provided a significant edge over another competitor in 2017.
India Portland Cement Market report thoroughly covers the market by type, by application, and by packing type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The India Portland cement market is a cornerstone of the construction industry, driven by urbanization, infrastructure development, and real estate projects. Portland cement`s widespread use in concrete and mortar production underscores its significance. However, factors such as environmental concerns, energy consumption, and fluctuations in construction activity might impact the market. The industry`s ability to balance growth with sustainable practices will shape its future. Moreover, India is one of the leading producers and users of cement due to its large construction sector and continuous infrastructure development. This factor provides a massive boost to the India Portland Cement Market growth. Being the highest cement producer across the world, this increases the cement export which leads to creating a positive impact on the Portland cement market in India. The top countries that import Indian cement are Nepal, Sri Lanka, and Bangladesh, this shows a high demand for cement across the world augmenting the market at a considerable rate.
According to 6Wresearch, the India Portland Cement Market size is expected to witness a during the forecast period 2023-2029. The construction industry`s growth, driven by infrastructure projects and urbanization, fuels the demand for Portland cement. The housing sector`s expansion and the government`s investments in affordable housing also contribute to market growth. Additionally, advancements in cement production technology and the need for durable and high-strength materials further support the market`s expansion. Challenges like environmental concerns and fluctuations in cement prices could influence market dynamics.
The Indian government's focus on infrastructure development, including roads, bridges, airports, and urban housing projects, creates a steady demand for cement. Initiatives like the "Bharatmala" project for road construction and the development of smart cities contribute to the cement industry's growth. Indian economy is rapidly developing in terms of infrastructure development coupled with the rising investment in the commercial sector, hence increasing the development of as office buildings, shopping malls, airports, and industrial setups. This is one of the leading factors driving the cement demand to construct commercial and industrial buildings. The cement industry in the country has been booming due to the rising population growth which generates the demand for cement to construct residential buildings. Rapid urbanization in t the country led to bolstering the demand of the for houses, which simultaneously drive the cement demand to construct buildings and houses. All these aforementioned factors are estimated to proliferate the India Portland Cement industry.
India Portland Cement Market is set to grow substantially in the foreseeable period owing to the various ongoing latest trends and opportunities. One of the latest opportunities is the rising need to maintain and repair old building structures. Old building upgradation requires premium quality cement to attain the durability of the buildings. Additionally, Infrastructure developments in other countries including Nepal and Bangladesh, are dependent on Indian cement export, leading to creating a favourable impact on market growth. Also, rising smart technology integrated houses demand coupled with an increase in the population income are estimated to augment the cement demand, this further estimated to fuel the market growth in the coming years.
India Portland Cement Market is expected to register sound growth in the coming years massively with some introduced policies and schemes. One of the significant policies is the government promoting reasonable houses and urban development leading to increased construction of houses, as a result, an increase in the demand for cement. FDI inflows can boost construction activity, hence the Indian government emphasizing massively attracting foreign investment in certain sectors such as infrastructure and real estate. Also, the government has introduced a scheme like the Pradhan Mantri Gram Sadak Yojana (PMGSY) aimed at improving rural Infrastructure by increasing connectivity through higher-grade road construction. This is one of the top drivers estimated to surge the cement demand and subsequently open the corridors to market growth.
The Portland cement market in India is essential for the construction sector. Challenges include reducing carbon emissions in cement production, optimizing energy consumption, and incorporating sustainable materials. The industry needs to invest in eco-friendly practices and innovative technologies. These are some challenges that can hamper the India Portland Cement Market share.
The India Portland cement market has faced significant challenges due to the COVID-19 pandemic. The construction and infrastructure sectors, major consumers of cement, experienced disruptions in operations, leading to a temporary slump in demand. Lockdowns, supply chain disruptions, and labor shortages affected production and distribution. However, as economic activities gradually resumed, the market showed signs of recovery, driven by government initiatives and increased infrastructure spending.
The India Portland cement market is set to grow due to infrastructure and construction projects. Challenges include environmental impact and the need for sustainable alternatives. Notable players include
These are some top companies in the market that are offering top-notch quality cement to attain building durability.
According to Nitesh Kumar, Research Manager, 6Wresearch, all sectors including industrial, commercial, and residential are generating a high demand for cement. The growing population growth, industrial setups, and commercial buildings require high-grade cement to attain building durability.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Portland Cement Market Overview |
3.1 India Portland Cement Market Revenues & Volume, 2023 - 2030F |
3.2 India Portland Cement Market - Industry Life Cycle |
3.3 India Portland Cement Market - Porter's Five Forces |
3.4 India Portland Cement Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.5 India Portland Cement Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.6 India Portland Cement Market Revenues & Volume Share, By Packing Type, 2020 & 2030F |
4 India Portland Cement Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Portland Cement Market Trends |
6 India Portland Cement Market Segmentation |
6.1 India Portland Cement Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Portland Cement Market Revenues & Volume, By Type, 2023 - 2030F |
6.1.3 India Portland Cement Market Revenues & Volume, By Type 1, 2023 - 2030F |
6.1.4 India Portland Cement Market Revenues & Volume, By Type 2, 2023 - 2030F |
6.1.5 India Portland Cement Market Revenues & Volume, By Type 3, 2023 - 2030F |
6.1.6 India Portland Cement Market Revenues & Volume, By Type 4, 2023 - 2030F |
6.1.7 India Portland Cement Market Revenues & Volume, By Type 5, 2023 - 2030F |
6.1.8 India Portland Cement Market Revenues & Volume, By , 2023 - 2030F |
6.2 India Portland Cement Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Portland Cement Market Revenues & Volume, By Residential, 2023 - 2030F |
6.2.3 India Portland Cement Market Revenues & Volume, By Commercial, 2023 - 2030F |
6.2.4 India Portland Cement Market Revenues & Volume, By Industrial, 2023 - 2030F |
6.2.5 India Portland Cement Market Revenues & Volume, By , 2023 - 2030F |
6.3 India Portland Cement Market, By Packing Type |
6.3.1 Overview and Analysis |
6.3.2 India Portland Cement Market Revenues & Volume, By 10 KG, 2023 - 2030F |
6.3.3 India Portland Cement Market Revenues & Volume, By 15 KG, 2023 - 2030F |
6.3.4 India Portland Cement Market Revenues & Volume, By 25 KG, 2023 - 2030F |
6.3.5 India Portland Cement Market Revenues & Volume, By Others, 2023 - 2030F |
7 India Portland Cement Market Import-Export Trade Statistics |
7.1 India Portland Cement Market Export to Major Countries |
7.2 India Portland Cement Market Imports from Major Countries |
8 India Portland Cement Market Key Performance Indicators |
9 India Portland Cement Market - Opportunity Assessment |
9.1 India Portland Cement Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 India Portland Cement Market Opportunity Assessment, By Application, 2020 & 2030F |
9.3 India Portland Cement Market Opportunity Assessment, By Packing Type, 2020 & 2030F |
10 India Portland Cement Market - Competitive Landscape |
10.1 India Portland Cement Market Revenue Share, By Companies, 2023 |
10.2 India Portland Cement Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |