Cement consumption to grow at 11% CAGR
According to a recent research titled ‘Indian Cement Industry Forecast to 2012’ published by RNCOS, a leading global market research and information provider, the country’s cement industry witnessed a huge growth on the back of various industry developments and pro-economic policies of the union government.
This has helped in catching up the attention of various global cement giants, thereby sparking off a spate of mergers and acquisitions in several states. The research estimated India’s cement consumption to grow at a CAGR of 11%, between 2011-12 and 2013-14.
The research was conducted by experts after examining various trends and drivers which led to the growth in the cement industry. An in depth analysis of some of the major trends, such as production, installed capacity, export, import, plant size and consumption were carried out, before arriving at a final conclusion.
The research which zoomed on the demand-supply outlook and the cement pricing in various regions revealed that Andhra Pradesh topped the chart in 2008-09 in terms of large plants and its installed capacity in the country.
Fast growing economy and the regulatory support is likely to further encourage the industry players to embark on expansion plans.
Meanwhile, it is estimated that the government’s support to several infrastructure projects, road networks and housing facilities will propel the growth in the cement consumption in the near future.