NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/11/10 - Affluent housing sector developments coupled with the government backed infrastructure spending will trigger cement consumption to grow at 10.6% CAGR by FY 2014, says RNCOS.
According to our latest research offering, “Indian Cement Industry Forecast to 2012”, Indian cement industry has outpaced the growth rates of other prominent industries in the country, on the back of growing demand from the housing sector, increased activity in infrastructure development, and exports recovery. The economic slowdown could not alter industry’s development pace and cement consumption registered double digit year on year growth in FY 2010. Considering the current market trends and analyzing the impact of their long-term operability and transformations, the report identified that cement consumption will grow at 10.6% CAGR during FY 2011 – FY 2014.
The study identifies that, despite 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. It is anticipated that in coming years, growing demand from rural infrastructural developments will infuse cement production and will transform in high per capita cement consumption.
At the supply front, despite recession, Indian cement industry enhanced its production to the record level in 2009-10 because of the recent boom in the infrastructure and housing markets. In 2009-10, large plants continued their positive growth momentum and accounted for the maximum cement production. Many cement manufacturers rapidly increase their production levels in view of the upcoming government backed infrastructure projects across the country.
These developments are expected to strengthen long-term cement industry outlook in India.
Our report, “Indian Cement Industry Forecast to 2012”, is an outcome of extensive research and conceptual analysis of the Indian cement industry potentials. The report highlights major segments like production, installed capacity, export, import, plant size, and consumption to provide clients valuable information regarding different aspects of cement industry. It also throws light at the regional cement demand-supply outlook to provide a balanced research outlook. Most importantly, the report also presents the industry forecast based on correlation of past drivers, challenges, and opportunities for expansion.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.