New Delhi, September 5, 2024: In celebration of National Concrete Day, IndiaMART, India’s leading B2B marketplace, has launched a comprehensive industry report titled “Cementing Growth: An Indian Perspective on the Cement Industry.” This report, based on extensive business interactions between buyers and sellers on the platform over the past five years, highlights significant trends, government initiatives, and future growth trajectories within the cement and construction sector.

Key Findings of the Report:

• Market Insights: India’s cement industry, one of the eight core industries, boasts a manufacturing capacity of 583 million tonnes and an annual production output of 391 million tonnes. With a year-on-year growth rate of 6.8% in FY23, the industry is expected to expand at 8% in FY25. Output is projected to increase by 150-160 million tonnes between FY25-28.
• Economic Impact: The cement industry has a multiplier effect of 4.16x on economic output and 1.53x on GDP. For every million tonnes of installed production capacity, 20,000 downstream jobs are created, underscoring the sector’s role in economic development.
• IndiaMART’s Role: Over the past five years, IndiaMART has facilitated 15.5 million enquiries related to cement. Key states include Uttar Pradesh, Maharashtra, Bihar, Tamil Nadu, Rajasthan, Karnataka, West Bengal, Madhya Pradesh, Telangana, and Andhra Pradesh.

Dinesh Gulati, COO of IndiaMART InterMESH Limited, emphasized, “IndiaMART remains the top choice for sellers and buyers in the cement and construction sectors. With over 15 million enquiries in five years, this report demonstrates the vast scope of this category. Our insights aim to enhance the buyer experience and provide value to cement suppliers on our platform and beyond.”

Industry Insights:

• The top 10 cement companies account for 70% of total production in India.
• By the end of FY2027-28, cement manufacturing capacities are projected to reach around 740 million tonnes.
• Rajasthan leads in limestone production, contributing 22% of the national total.
• Cement and its raw materials constitute the third-largest share of cargo moved by Indian Railways.
• Rural housing is the primary driver of cement demand (29%), followed by urban housing (25%), infrastructure development (23%), low-cost housing (12%), and commercial construction (11%).

The report aims to guide buyers and suppliers in leveraging industry trends and planning for future growth.