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Cement production volume in India FY 2008-2020

The production of cement in India started in 1889 by a company based in Kolkata. In the early nineteenth century, the industry started taking an organized stance and is currently, the second largest producer of cement worldwide after China. The production volume of cement across the south Asian country was about 247 million metric tons in financial year 2020 as of December 2019. The sector encompasses a total of over 450 small and large cement plants.

Supply and demand

Within the country, the maximum demand was created by the housing sector, with a share of over 60 percent during financial year 2017. The increased demand was a consequence of the government setting up an Affordable Housing fund under the National Housing Bank, which helped the citizens get credits to buy homes. Outside the nation, Sri Lanka was the leading destination for cement clinker exports in 2016, with over one million metric tons of estimated exports.

Building together

To meet the increasing domestic and international demands, companies started to sign joint ventures. In 2017, the number of mergers and acquisitions in the cement and building sector amounted to 14 deals. Due to its possibilities in composition in addition to be a binder, cement is a very precious commodity.

Cement production volume in India from financial year 2008 to 2020 with a forecast to 2021

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Sources

Release date

March 2020

Region

India

Survey time period

FY 2008 to FY 2020

Supplementary notes

Note: India's financial year begins in April and ends in March. For example, FY 2020 started in April 2019 and ended in March 2020.

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