India Cement Market 2028: Future Growth and Opportunities | Techsci Research

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India Cement Market Set to Surpass USD 43037.44
million by 2028 Techsci Research
TechSci Research reports that the India cement
market will achieve a CAGR of 8.98 and reach
USD 43037.44 million by 2028. Cement/concrete is
the second most widely used product in the world,
after potable water. Residential applications are
expected to dominate the market, with a 50.01
market share, owing to affordable housing
schemes such as the Pradhan Mantri Awas Yojana
(PMAY). Ordinary Portland Cement (OPC) dominates
the India cement market, with a 56.76 market
share in 2022. India's urban population is
expected to grow by over 270 million people by
2040. Despite such rapid urbanization, less than
50 of India's population is expected to live in
cities by 2040. Total residential floor area is
expected to increase significantly, from less
than 20 billion square meters presently to over
50 billion square meters in the next two
decades, due to urbanization. India's economy
depends primarily on
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• the infrastructure sector, which includes the
  construction of motorways, bridges, dams, power
  plants, and other urban infrastructure. The
  infrastructure industry is now a major focus of
  the Indian government, and the government plans
  to invest USD 1.4 trillion in infrastructure to
  ensure the nation's long-term prosperity from
  2019 to 2023. Between 2018 and 2030, the
  government aims to spend USD 750 billion on rail
  projects.
• Browse over 25 market data Figures and 5 Tables
  spread
• through 70 Pages and an in-depth TOC on "India
  Cement Market"- https//www.techsciresearch.com/r
  eport/india-cement- market/4110.html
• Key market players in the India cement market
  include
• UltraTech Cement Ltd
• Ambuja Cements Ltd
• ACC Limited
• Shree Cement Ltd
• Dalmia Bharat Ltd
• Birla cement
• India Cements Ltd
• The Ramco Cements Limited
• JK Lakshmi Cement Ltd
• Orient Cement Ltd
• The cement industry is acknowledged as a
  significant emitter of carbon by the companies.
  To reduce carbon emissions and achieve SDG 13,
  which is the climate change target, they have
  integrated a low-carbon plan into their business
  roadmap based on the United Nations Framework
  Convention on Climate Change's COP21.

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UltraTech's GHG emission reduction targets have
been certified by the science-based targets
Initiative, and the company has aligned its
business plans with the Paris Agreement's
standards. According to Mr. Karan Chechi,
Research Director at TechSci Research, a
research-based global management consulting firm,
"Factors such as mega infrastructural projects,
affordable housing schemes like the Pradhan
Mantri Awas Yojana (PMAY), and an increase in
renovation and construction activities are
driving the demand for the market." The India
cement market is expected to expand during the
projected period. The report "India Cement Market
By Type (Ordinary Portland Cement OPC, Portland
Pozzolana Cement PPC, Others), By Application
(Residential, Commercial, Infrastructure,
Industrial, Institutional), By Region,
Competition, Forecast Opportunities, 2028"
evaluates the future growth potential of the
India cement market and provides statistics and
information on market structure, size, share, and
future growth. The report aims to provide
cutting-edge market intelligence and help
decision-makers make sound investment
decisions. Additionally, the report identifies
and analyzes emerging trends along with
essential drivers, challenges, and opportunities
present in the India cement market. Download
Sample Report _at_ https//www.techsciresearch.com/sa
mple- report.aspx?cid4110 About TechSci
Research TechSci Research is a research-based
management consulting firm providing market
research and advisory solutions to its customers
worldwide, spanning a range of industries.
TechSci Researchs core values are value,
integrity and insight. Led by a team of dynamic
industry experts, TechSci Research provides its
customers with high value market research and
advisory services that helps them identify
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new market opportunities, growth engines and
innovative ways to capture the market share. As
a result, TechScis client leads rather than
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