India Cement Sector Report 2023-2024

India is the second-largest producer of cement in the world, accounting for more than 7% of the global installed capacity after China. However, India's per capita cement consumption at ~242kg is less than half of the world average of 525kg, as per the FY2022 annual report of Gujarat Ambuja Cement, suggesting untapped growth potential. Cement is one of India's eight core industries due to its direct and indirect linkages to other sectors and its employment creation ability. According to the Cement Manufacturers Association (CMA), the industry has a multiplier effect of 4.16x on economic output, 1.53x on GDP, 0.51x on rural consumption, and 0.52x on urban household consumption. In addition, for every 1mn tonne capacity added, 20,000 downstream jobs are created. Currently, the cement sector is going through the pain of high costs due to the rise in raw material, power and fuel and logistics costs. This has been taking a toll on operating profit but the financial strength of the industry largely remains intact. The industry continues to add capacity in anticipation of future growth. The sector has been rife with M&A activity and the likelihood of consolidation remains high as large players look to strengthen their position in the market, particularly by establishing presence in markets they are not represented in.

This report provides a complete and detailed analysis of the "Cement and concrete production" sector for India. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Cement and concrete production" sector in India
• Crystallise the forces both driving and restraining this sector in India
• Ascertain India’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in India.
• Build a clear picture of trends, output and consumption for specific sub-sectors