IndiaMART, the largest business-to-business (B2B) marketplace in India, recently released its inaugural report on the cement industry titled “Cementing Growth: An Indian Perspective on the Cement Industry,” coinciding with National Concrete Day on September 7. The report highlights key trends, government initiatives, and the future growth trajectory of the sector based on extensive business interactions on the platform from 2019 to 2023.
Notably, the top ten cement companies in India account for 70% of total production, with manufacturing capacities projected to reach approximately 740 million tonnes by FY2027-28. Rajasthan leads the country in limestone production, contributing 22 per cent, while cement and its raw materials constitute the third-largest share of total cargo transported by Indian Railways.
Demand for cement is primarily driven by rural housing (29 per cent), urban housing (25 per cent), infrastructure development (23 per cent), low-cost housing (12 per cent), and commercial construction (11 per cent).