India Cement Market Forecast 2030: Growth Trends, Key Players & Future Outlook

As per MarkNtel Advisors the India Cement Market size was valued at around 3.96 billion tons in 2024 and is projected to reach 5.1 billion tons by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.1% during the forecast period, i.e., 2025-30.

India Cement Market Systems Market Analysis:

This growth is attributed to the expansion in the cement’s end-user Industries in India including residential, Infrastructure, commercials, and industrial. In India, the cement industry had experienced a tailwind scenario with burgeoning demand for cement coming from the rapidly growing infrastructure in the country. India is witnessing an increase in fiscal spending on developing country’s infrastructure. Under this, there is a significant allocation of around USD29.7 billion for Indian railways. As per the railway ministry in 2024, India’s rail track is growing at 4km of rail track per day. This has led to the addition of 31,000 km of rail tracks in the last ten years of the country.

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India Cement Market Systems Market Segmentation:

By Type

Blended

Portland Slag Cement (PSC) - Market Size & Forecast 2020-2030F, Million Tonnes
Portland Pozzolana Cement (PPC) - Market Size & Forecast 2020-2030F, Million Tonnes
Portland Composite Cement (PCC) - Market Size & Forecast 2020-2030F, Million Tonnes

Ordinary Portland Cement (OPC)- Market Size & Forecast 2020-2030F, Million Tonnes
Others- Market Size & Forecast 2020-2030F, Million Tonnes

By End Users

Residential - Market Size & Forecast 2020-2030F, Million Tonnes
Infrastructure- Market Size & Forecast 2020-2030F, Million Tonnes
Commercial - Market Size & Forecast 2020-2030F, Million Tonnes
Industrial – Market Size & Forecast 2020-2030F, Million Tonnes

By Region

North & Central
South
East
West

India Cement Market Recent Development:

July 2025: The Middle East cement market is projected to grow 5% annually, reaching USD16.3 billion by 2025, driven by infrastructure projects and climate goals. Key growth areas include Saudi Arabia’s Giga Projects and UAE smart cities. Sustainability, innovation, and regional partnerships boost competitiveness amid regulatory and export challenges.

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India Cement Market Drivers:

Rapid Infrastructure Development in India – By 2047, India wants to achieve an ambitious target of turning into a developed country and is transforming itself for it. This has resulted in increased government spending on the country's infrastructure to attain such a vast objective. In pursuit of this targeted investment of USD1.3 trillion between 2020 and 2025, India launched the "National Infrastructure Pipeline (NIP)" in 2020 based on the public-private partnership model. It has resulted in the wide-scale infrastructure development in the country with 1,967 projects still in the under-development stage in 2024. As per India Investment Grid (IIG), the launch of the Gatishakti master plan (NMP) by India in 2021 the Indian government has 15,928 projects with a total cost of USD 2.4 trillion in 2024. These projects primarily focus on enhancing and boosting the transportation and logistics capabilities of India by connecting various economic zones of the country.

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Report Highlights Essential Insights for Strategic Decision-Making

Detailed market size, share, and forecast analysis
• In-depth pricing trends and segment-wise cost evaluations
• Key industry strategies, including innovation, partnerships, and acquisitions
• Critical value chain analysis and stakeholder profiling
• Regional import-export market insights and trade flow assessment
• Thorough competitive benchmarking of top hearing aid manufacturers
• Identification of new growth opportunities and niche market segments
• Overview of market trends, drivers, and challenges shaping future demand

Some of the leading players in the India Cement Market are:

UltraTech Cement
Ambuja Cement
Shree Cement
ACC Limited
Dalmia Bharat Group
JK Cement
Nuvoco Vistas Corporation Ltd.
Ramco Cement
Birla Corporation Ltd.
Prism Johnson Ltd.
JK Lakshmi Cement Ltd.
India Cements
Others

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

Key Steps:

Define objectives and research design
Collect data through surveys and interviews
Analyze and validate data using reliable tools
Forecast trends and deliver actionable insights

About us:

MarkNtel Advisors is a globally recognized market research firm offering comprehensive insights into the construction and mining sector, encompassing building management, construction materials, and construction technology & equipment. We assist developers, equipment manufacturers, and infrastructure investors in understanding market trends, sustainability mandates, and technological disruptions. Leveraging our Competitive Intelligence services, we help organizations benchmark competitors, identify white spaces, and craft informed growth strategies for enduring success in the global construction landscape.

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