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News Indian cement sector to reach 509Mt/yr by 2029

Indian cement sector to reach 509Mt/yr by 2029

Written by Global Cement staff 25 November 2024
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India: The cement sector in India is forecast to reach a market size of 509Mt/yr by the 2029 financial year. A report published by Infomerics Ratings made the prediction based on a market size of 382Mt in the 2023 financial year and a compound annual growth rate of 4.9%. The credit agency noted the cement sector’s mean growth rate of 5.37% over the last decade and the low cement consumption per capita compared to the global average. It also pointed out that the local cement sector “…faced significant pricing challenges, primarily due to weak demand across various regions.” Demand was reportedly low during the first half of the 2025 financial year leading to lower prices particularly in the south of the country.

Last modified on 27 November 2024
Published in Global Cement News
Tagged under
  • India
  • Forecast
  • Infomerics Ratings
  • market
  • GCW687
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