India Cement Market Size, Share & Industry Analysis, By Type (Portland, Blended, and Others), By Application (Residential and Non-Residential), and Country Forecast, 2026-2034

The India cement market size was worth USD 29.98 billion in 2024. The market is estimated to grow to USD 30.10 billion in 2025 to USD 40.33 billion by 2032, exhibiting a CAGR of 4.3% during the forecast period.

The cement market in India is vital to the country’s infrastructure and housing expansion. With rapid urbanization, rising income levels, and government-backed programs such as “Housing for All” and the “National Infrastructure Pipeline,” demand is surging. Infrastructure upgrades, highway construction, and housing needs are acting as the foundation for growth.

• According to the Cement Manufacturers’ Association (CMA), India has an installed cement production capacity of more than 600 million tons annually, making it the world’s second-largest cement producer.

Hence, growing construction activities and housing requirements are strongly boosting the market in India.

India Cement Market Trends

Green Cement Adoption Creates New Opportunities in India

The rise of sustainable construction has opened major opportunities in the market. Blended and low-carbon cement products are increasingly being adopted for their durability and reduced environmental impact. According to the Bureau of Energy Efficiency, green cement solutions can reduce energy consumption by up to 30%, supporting climate goals. Growing demand from infrastructure, real estate, and institutional projects further accelerates adoption. Hence, the increasing use of green and blended cement offers a strong opportunity for India cement market growth.

Key takeaways

• In the by application segmentation, residential segment is projected to grow at a CAGR of 3.8% in the forecast period.

India Cement Market Growth Factors

Infrastructure Expansion Drives Product Consumption in India

India’s infrastructure push is the key driver of market growth. Large projects such as highways, metro systems, and industrial corridors consume massive amounts of cement.

• The Ministry of Road Transport and Highways reported that India built over 12,300 km of national highways in FY 2023–24, showcasing the growing demand. The expansion of urban infrastructure and industrial projects is adding consistent momentum to product demand.

Hence, strong government and private sector investment in infrastructure is directly driving market growth across the country.

India Cement Market Restraints

Environmental Concerns Restrict Sustainable Market Progress

The Indian cement industry faces a major restraint due to high carbon emissions and energy intensity. Cement manufacturing accounts for nearly 8% of India’s industrial CO₂ emissions, according to the Ministry of Environment, Forest, and Climate Change. Stricter environmental norms are increasing compliance costs, while producers are compelled to invest in green technologies. Rising global scrutiny on sustainability further adds pressure. Hence, environmental challenges and regulatory measures remain a significant restraint on market growth, slowing down expansion if green solutions are not adopted quickly.

India Cement Market Segmentation Analysis

By Type

Based on type, the market is divided into portland, blended, and others.

Blended cement has become the dominant and fastest-growing segment due to its lower carbon footprint, cost-effectiveness, and durability compared to ordinary Portland cement. According to the Cement Manufacturers’ Association, blended cement already accounts for over 70% of India’s production, supported by policies promoting sustainable construction. Hence, blended cement is leading industry transformation and driving market growth.

By Application

The market by application is divided into residential and non-residential segments, with non-residential leading the market.

Large infrastructure projects, industrial corridors, metro expansions, and commercial complexes are driving cement demand at scale. According to the Ministry of Road Transport and Highways, more than 12,300 km of highways were constructed in FY 2023–24, reflecting the sector’s cement intensity. Industrial and commercial real estate construction is also expanding rapidly, adding further momentum. Hence, while housing construction remains significant, it is the non-residential sector that dominates cement consumption in India.

List of Key Companies in India Cement Market

UltraTech Cement, Ambuja Cements, ACC Limited, Shree Cement, and Dalmia Bharat are leading players in India’s cement market, supported by JK Cement, Ramco Cements, and India Cements. These companies are expanding cement capacity, modernizing plants, and investing in renewable energy and carbon-reduction technologies. Their strategies are accelerating sustainability and innovation, thereby shaping the direction of the India cement market share.

LIST OF KEY COMPANIES PROFILED:

• UltraTech Cement (India)
• Ambuja Cements (India)
• ACC Limited (India)
• Shree Cement (India)
• Dalmia Bharat Cement (India)
• India Cements (India)
• JK Cement (India)
• Ramco Cements (India)
• Birla Corporation (India)
• Orient Cement (India)

KEY INDUSTRY DEVELOPMENTS:

• June 2024: UltraTech Cement announced an initiative to expand renewable energy usage across its plants, aiming to meet a larger share of operations through solar and wind power. This move supports its long term decarbonization goals.
• April 2024: Ambuja Cements commissioned a new grinding unit in Uttar Pradesh, enhancing supply capacity in northern India. The expansion is expected to strengthen its presence in high-demand regional markets.
• March 2024: Shree Cement commenced operations at a new clinker line in Rajasthan. The project is designed to increase clinker production and support the growing demand for cement in infrastructure development.
• January 2024: Dalmia Bharat launched a carbon capture project at one of its cement plants. The initiative reflects the company’s commitment to lowering emissions and promoting sustainable practices in production.
• October 2023: ACC Limited introduced a new line of green cement products in India. This product range is designed to reduce carbon intensity in construction and support eco-friendly building solutions.

REPORT COVERAGE

The India cement market report provides a detailed analysis of the market. It focuses on market dynamics and key industry developments, such as mergers and acquisitions. Additionally, it includes information about the growth in population, and increase in product penetration. Besides this, the report also offers insights into the latest industry trends and the impact of various factors on the product demand.

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Report Scope & Segmentation