The demand for cement is correlated with the country's economic growth, since the industry's main growth drivers including housing, commercial, and infrastructure investments are the key components of its GDP. As the country's GDP is headed towards growth, the cement industry is expected to see a double-digit growth. Apart from the GDP, rising disposable income and rapid urbanization is likely to boost the demand of cement in India, which is expected to grow at a CAGR of around 11% during 2012-13 to 2014-15.
The recent report by RNCOS, "Indian Cement Industry Outlook 2015", anticipates that cement demand will be driven largely by the increased focus of the government on the infrastructure development and promotion of low-cost affordable housing in the country. On the back of growing middle class segment, emergence of nuclear families, tax incentives and modern attitudes towards home ownership along with moderate economic growth, the housing sector continues to dominate as the largest cement consuming sector in the country.
The research, which aims at evaluating the Indian cement sector's future potentials, covers all necessary aspects of the industry. It analyzes the entire information in a concrete manner, and builds textual analysis on the basis of reliable data. The study also facilitates comprehension of current trends prevailing in the industry and their impact on the future market growth. Moreover, it also presents analysis of the past and current scenarios, and the direction, in which, the industry is likely to proceed in the coming years. It also analyzes the industry structure, competitive landscape and recent developments in the industry. Overall, it is expected to help the clients align their business strategies as per the changing market dynamics in India.
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