Optimism in India’s cement industry
Shree Cement
WEO of IMF
Industry sources
Government of India
OneStone Research
OneStone Research
OneStone Research
Ultratech
LafargeHolcim
LafargeHolcim
KHD
Ramco Cements
Birla Corp.
HeidelbergCement
CRH
OneStone Research
In India, the cement supply-demand gap significantly widened due to 55 million t of new capacity in the last three years, together with subdued cement demand and production, with negative growth in 2017. But since this year optimism has come back to the cement industry due to a projected high economic growth and a favorable construction industry development. This market review presents the situation of the cement industry and gives an outlook to 2021.
1 Introduction
Marc Twain noted: “India is the cradle of the human race, the birthplace of human speech, the mother of history, the grandmother of legend, and the great-grandmother of tradition. Our most valuable and most instructive materials in the history of man are treasured up in India only.” At the end of 2020, India will also be the most populous country in the world with a projected 1400 million inhabitants, followed by China with 1397 million. In 2030 India will have a population of 1528 million, while China will have 1418 million. The per capita gross national income (GNI on PPP base)...
