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News Fortune Business Insights forecasts cement market growth

Fortune Business Insights forecasts cement market growth

Written by Global Cement staff 06 January 2020
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India: Market researcher Fortune Business Insights has forecasted market growth of 5.2% in the cement industry to US$463bn in 2026 from US$313bn in 2019. It conjectured that global improvements in road quality and investments in high-grade products will drive growing demand. The industry will meet this demand through advances in cement production and a reduction in the number of companies consolidating operations.

In India, the government’s ‘Housing for All by 2020’ scheme is set to kick-start consumption.

Fortune Business Insights' report is available here.

Last modified on 25 March 2021
Published in Global Cement News
Tagged under
  • market research
  • India
  • World
  • market
  • growth
  • Government
  • Roads
  • Infrastructure
  • demand
  • GCW437

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