India’s cement industry, the secod largest in the world, will add 80-100 million tonnes (mt) of capacity by 2024-25 (FY25), driven by increased spending on housing and infrastructure. Input costs which have hurt the bottomlines are beginning to cool down. Consolidation continues as strategic moves are made by corporates. And yet the biggest innovation efforts are directed towards decarbonisation and logistics. Procurement therefore will undergo some shift and so will logistics.
India’s largest and only cement magazine, the 38-year-old Indian Cement Review magazine is scheduled to host the 14th Cement EXPO on 14th - 15th Decembrer at Hotel Manekshaw Center, New Delhi. The co-located 9th Indian Cement Review Conference will address the cement industry’s ambitions to deliver sustainable, low-carbon cement, in line with the 2030 carbon reduction targets, while navigating the major economic forces impacting businesses at present. The event will also see the staging of the 7th Indian Cement Review Awards where fastest growing cement companies and industry stalwarts will be awarded.
The cement industry in India is a major contributor to the country's economy. In 2023, the industry produced 356 million tons of cement, making India the second largest cement producer in the world. The demand for cement in India is expected to grow at a CAGR of 6.5% from 2023 to 2029, driven by factors such as urbanization, infrastructure development, and industrialization.
The cement industry is also a major emitter of CO2, accounting for about 6% of the country's total emissions. However, there are a number of initiatives underway to reduce the CO2 emissions from the cement industry, such as using alternative fuels and improving energy efficiency.
Here are some of the key trends that are expected to shape the cement industry in India in the coming years:
Increasing urbanization: The urbanization rate in India is expected to reach 50% by 2030. This will lead to increased demand for cement for infrastructure development, such as roads, bridges, and buildings.
Infrastructure development: The Indian government is investing heavily in infrastructure development, such as roads, railways, and airports. This will also lead to increased demand for cement.
Industrialization: The industrial sector is growing rapidly in India. This will also lead to increased demand for cement.
Government policies: The Indian government is implementing a number of policies to promote the use of sustainable materials in the construction industry. This is expected to lead to the development of new technologies and processes in the cement industry.
Overall, the cement industry in India is expected to grow in the coming years. The key drivers of this growth will be increasing urbanization, infrastructure development, and industrialization. The government's policies to promote the use of sustainable materials will also play a role in shaping the future of the cement industry in India.