Posted By:Infra Bazaar
Cement industry is one of the world’s fastest and largest growing industries where India stands as a second largest producer of cement worldwide. The cement industry has been significantly expanding due to increase in infrastructure activities, demand of housing sector and construction recovery.
As per latest research reports, the cement industry capacity was 7% of CAGR during 2013-14 period and is estimated to grow at compound annual growth rate (CAGR) of 8.96 % during the period 2015 – 2019.
In India, housing sector has a biggest demand for cement and accounting about 67% of total consumption. Apart from housing sector, infrastructure with 13%, commercial construction around 11% and industrial construction holds about 9% of total consumption.
The cement companies are expected to add 56 million tons (MT) capacity in next three years. The cement capacity in India is estimated to grow at 8% by next year end from current level of 366 MT to 395 MT. It is also estimated that the level can reach to 421 MT by the end of 2017.
Among total installed plants in the country, 188 large cement plants together account for 97% and 365 small plants account 3%. Most of the large cement plants are located in the states of Andhra Pradesh, Rajasthan and Tamil Naidu accounting 77 plants.
As per official report of “Indian Cement Industry Outlook 2015” the regional analysis of cement consumption, cement pricing, production and installed capacity in the country the Indian cement industry is likely to grow in coming years.