Development Trends and Growth in Indian Cement Industry Bharatbook.com added a new research report on "Indian Cement Industry" which gives in-depth analysis and forecast on the Indian Cement Industry. Indian Cement Industry Product mix expected to tilt towards OPC... Indian cement industry had witnessed an implausible growth journey during the period of FY06-10. This was mainly on account of the increased cement offtake from the real estate, infrastructure and industrial construction activities. Increased spending by the government on infrastructure activities coupled with the growth in the real estate sector had led to increased appetite of cement in past few years. The cement industry growth has surpassed the economic growth rate of the country during this period consistently. Cement consumption in the country grew at an average multiplication factor of approximately 1.2 times the GDP growth rate during the period FY 06-10. http://www.bharatbook.com/market-research-reports/cement-market-researchreport/indian-cement-industry1.html In FY11, cement demand grew at moderate rate of 5% on yoy basis. The multiplier of cement demand growth to the GDP growth declined below one. The construction activities remained subdued in FY11 owing to various reasons like prolonged monsoon, heavy winter, delay in execution of infrastructural projects etc. which led to slowdown in cement offtake. The dismal performance of the cement industry continued in FY12. The slowdown in the real estate sector and delay in take off of the various infrastructural projects owing to the spiralling cost of capital has hit the cement consumption in this fiscal. During the first nine months of FY12, the cement demand grew at 5.3% on yoy basis. However, the long term cement demand is expected to remain intact. Increasing focus of GoI on the infrastructure development and promotion of low cost affordable housing in the country will provide impetus to the growth of cement consumption. CARE Research estimates the cement demand to grow at a CAGR of 8.3% during the period FY12-15. In the period FY08-11, the cement industry registered a double-digit growth in capacity as compared to the moderate growth of 3-7% registered during the period FY03-07. The cement production capacity of India grew at a CAGR of 14.5% from 166.7 mn tonnes at the end of FY07 to 286.4 mn tonnes at the end of FY11. During the same period, the consumption of cement grew at a CAGR of 8.6%. Consequently, the industryâ€™s operating rate has shown a declining trend from a level of 93% in FY07 to 73% in FY11. CARE Research expects the operating rate of the industry to decline to a level of 71% by the end of FY15. For more information kindly visit : http://www.bharatbook.com/market-researchreports/cement-market-research-report/indian-cement-industry1.html
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Published on Apr 20, 2012
For more information kindly visit : http://www.bharatbook.com/market-research- reports/cement-market-research-report/indian-cement-industry1...