New Delhi, September 5, 2024 — IndiaMART, the largest B2B marketplace in India, has released its inaugural report on the cement industry, titled “Cementing Growth: An Indian Perspective on the Cement Industry.” This comprehensive study, unveiled just ahead of National Concrete Day on September 7, provides a detailed analysis of key trends, government initiatives, and future growth projections for the sector.
The report reveals that cement is now one of India’s eight core industries, boasting an installed manufacturing capacity of 583 million tonnes and an annual production output of 391 million tonnes. The sector achieved a year-on-year growth rate of 6.8% in FY23 and is anticipated to expand at 8% in FY25. This growth trajectory suggests that output will increase by 150-160 million tonnes between FY25 and FY28. Cement’s economic impact is notable, with a multiplier effect of 4.16x on economic output and 1.53x on GDP. For every million tonnes of installed capacity, 20,000 downstream jobs are created, underscoring the industry’s role in driving economic development.
IndiaMART’s platform has been a vital hub for the cement sector, with 8% of total paid sellers focusing on construction and building raw materials. Over the past five years (2019-2023), the platform has handled 15.5 million enquiries related to cement. The top ten states contributing to these enquiries are Uttar Pradesh (16%), Maharashtra (9%), Bihar (8%), Tamil Nadu (7%), Rajasthan (7%), Karnataka (7%), West Bengal (6%), Madhya Pradesh (5%), Telangana (5%), and Andhra Pradesh (4%).
Dinesh Gulati, Chief Operating Officer of IndiaMART InterMESH Limited, commented, “IndiaMART remains the top choice for connecting cement and construction buyers and sellers digitally. With over 15 million enquiries in five years, this demonstrates the significant scale of this category. Our report provides valuable insights into the cement industry, showcasing how IndiaMART continues to be a preferred platform for engaging in the sector.”
The cement industry is poised for further growth due to rising demand in both rural and urban housing, complemented by government investments in infrastructure and transportation. The report aims to equip buyers and suppliers with the insights needed to navigate and capitalize on these trends effectively.
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Did you know?
- The top 10 cement companies in India account for 70% of the total production.
- Cement manufacturing capacities in India are expected to reach approximately 740 million tonnes by FY2027-28.
- Rajasthan leads in limestone production, contributing 22% of the total.
- Cement and its raw materials make up the third largest share of cargo moved by Indian Railways.
- Demand drivers for cement include rural housing (29%), urban housing (25%), infrastructure development (23%), low-cost housing (12%), and commercial construction (11%).
For further details, download the complete report here.