India Cement Production to Grow at 12% CAGR

Noida : According to our research, “Indian Cement Industry Forecast to 2012”, Indian cement industry has outpaced the growth rates of other prominent industries in the country on the back of factors, such as rising demand from the housing sector, increased activity in infrastructure, and construction recovery. Moreover, favorable government support and policies are attracting global cement giants and sparking off a spate of mergers & acquisitions that will spur the growth. We forecast that the cement production in the country will surge at a CAGR of 12% during FY 2012–2014.

Our ongoing analysis found that, Southern Region accounted for the maximum number of large cement plants. Increasing number of cement manufacturers in the region are also encouraging the cement installed capacities. Besides, the report also reveals that the large plants accounted for the major portion of the overall cement production in the country.

It is expected that with the increase in number of investment by both international as well as domestic players, the level of cement production will sustain a rapid growth momentum in the years to come.