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India Cement Consumption Poised for Double Digit CAGR by FY 2014
Aug 19, 2010
According to our latest research report “Indian Cement Industry Forecast to 2012”, India provides a fast growing untapped cement market with excellent future growth prospects. Even the volcanic global slowdown could not alter the exponential growth trajectory of the industry and posted positive year-on-year growth in 2009. The research has further revealed that billion’s of dollar worth of construction projects, especially in the housing sector, will lead to cement consumption grow at a CAGR of around 10.6% during FY 2011-FY 2014.
The study has acknowledged that in spite of strong growth, per capita cement consumption is still quite low in India at 148 Kg - much lower than per capita consumption of 1,200 Kg in Korea and even below the global average of 260 Kg. This shows a huge growth potential for the Indian cement industry. In coming years, it is anticipated that growing demand from rural infrastructural developments will infuse cement production and will transform in high per capita cement consumption.
Moreover, almost all the cement industry majors have either announced their capacity expansion plans or are currently formulating strategies to ramp up production in coming years. The rapidly growing economy and regulatory support encourage the industry players to execute expansion plans. In coming years, the expanded capacity will not only enable players to tap the domestic demand, but also increase their export considerations.
On the regional front, Northern Region (including Uttar Pradesh, Rajasthan, Madhya Pradesh and Haryana) is leading the country in terms of cement consumption. Sufficient raw material availability and various incentives provided by state governments make this region lucrative for investments.
“Indian Cement Industry Forecast to 2012” is an outcome of extensive research and conceptual analysis of Indian cement industry potentials. It provides statistics and analysis of state wise cement production, consumption and installed capacity trends along with future forecasts. The report also facilitates regional demand-supply analysis along with regulatory policies description. We have identified all the key players in the Competitor Analysis section of the report. The section talks about the business profile and strategic moves of the leading players operating in the sector.
For more information visit: http://www.rncos.com/Report/IM129.htm
For more information visit: http://www.rncos.com/Report/IM129.htm
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