Noida, UP -- (SBWire) -- 03/06/2011 -- According to our recent research report “Indian Cement Industry Forecast to 2012”, the cement industry in India has emerged as a potential investment hub for international cement giants during the past few years. Even in the wake of economic slowdown, the industry sustained its blistering demand-supply pace and posted positive year on year growth during 2009-10. In view of the upcoming massive infrastructure projects, the cement consumption is expected to advance at 10.6% CAGR growth during FY 2011–FY 2014, which is anticipated to strengthen long-term investments viability of the Indian cement industry.
The study identified that housing sector is currently the prominent consumer of cement in India and roughly accounts for over 50% of the total cement consumption in the country. The country is witnessing a boom in affordable and luxury housing industry, which is expected to intensify in coming years and the sector will remain the dominant consumer of cement during the forecast period.
Further, it has been found that almost all the cement industry players have either finalized their production expansion plans or are in the process of strategy development to speed up production during the next 3-4 years. The stable and fast growing economy and government support is persuading industry majors to capitalize on strong cement demand from massive infrastructure projects. In coming years, the expanded capacity will not only enable players to tap the domestic demand, but will also increase their export considerations.
Our report “Indian Cement Industry Forecast to 2012”, has been authored to study and evaluate cement industry growth potentials in India. It provides information/statistics on all prominent segments, such as production, installed capacity, export, import, plant size, and consumption to present clients valuable information of different aspects of cement industry. It also critically analyzes regional cement demand-supply outlook to help clients understand the market dynamics and get an insight into the industry at the grass root level. The report has also given the industry forecast based on correlation of past drivers, challenges, and opportunities for expansion.
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Cement Industry Expects Staggering Growth in India
Dynamic housing sector developments along with infrastructure projects execution will enable the industry to register 10.6% demand growth by FY 2014, says RNCOS.