Business Series Report
Report Summary Building India's Future: Monitoring Cement Industry Status in India & Outlook 2030
India Cement Industry: Fueling Growth through Infrastructure Development and Rising Demand
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- The Expansion of Small and Mid-size Cement Players Across Regions Spurs Market Diversification, While Foreign Entrants Capitalize on Profitable Opportunities: The Indian cement industry is witnessing a notable shift in market dynamics as the presence of small and mid-size cement players continues to grow across different regions. This trend is contributing to the reduction of market concentration, offering a more balanced competitive landscape. Moreover, the industry has attracted a significant influx of foreign players, drawn by the promising profit margins, consistent demand, and favorable valuation. This influx of international companies further adds to the diversity and competitiveness of the market. The combined presence of domestic and foreign players signifies the immense growth potential and attractiveness of the Indian cement sector, fostering a dynamic and thriving industry ecosystem.
- Cement Industry Leaders Pioneer Sustainable Practices: UltraTech, a leading cement manufacturer, made significant strides towards sustainability and environmental responsibility. In October 2022, UltraTech achieved a noteworthy accomplishment by obtaining Environmental Product Declaration (EPD) certificates for four of its cement products. These certifications were granted for Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), Portland Slag Cement (PSC), and PCC (Portland Composite Cement). The EPD certificates validate UltraTech's commitment to transparency and provide customers with essential information about the environmental impact of their products. Another notable player in the industry, Dalmia Cement, unveiled its ambitious plans to produce 100% low carbon cement by 2031. In line with this objective, the company has outlined a substantial USD 405 million investment plan for carbon capture and utilization (CCU) technologies.
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