Infrastructure Market Growth

  Rise in renovation and construction activities and government's spending on infrastructure projects are expected to drive the growth of the India cement market. According to TechSci Research report, “ India Cement Market  -By Region, Competition, Forecast & Opportunities, 2028 ”  India cement market is projected to grow at CAGR of 8.98% through 2028 to reach USD 43037.44 million by 2028.The Cement/concrete is the second-most-utilized product in the world after potable water. Based on application, residential is likely to dominate the market due to affordable housing schemes such as the Pradhan Mantri Awas Yojana (PMAY) with the market share of 50.01%. Based on type, India cement market is dominated by Ordinary Portland Cement (OPC) with a market share of 56.76% in 2022. As estimated, more than 270 million people will be added to India's urban population by 2040. Even with such rapid urbanization on a massive scale, the proportion of India's population livi...