The hydraulic cement production in India has displayed a steady upward trend from 231 million metric tons in 2013 to 369.42 million metric tons in 2023. Notable growth periods include 2018-2019 with a 13.42% year-on-year increase and 2021 with a 24.21% rise, though a significant drop was seen in 2020 (-16.85%) due to global disruptions. As of 2023, production stands at 369.42 million metric tons.
In terms of growth analysis:
- 2013-2023 CAGR: 4.39% average annual increase
- Year-on-year variation for 2022: 2.94%
- Year-on-year variation for 2023: 2.8%
Forecasting ahead, production is expected to continue its upward trajectory, reaching 421.99 million metric tons by 2028, marking a forecasted 5-year CAGR of 2.09% and a cumulative growth rate of 10.91% over the next five years.
Future trends to watch for include potential impacts of infrastructure development policies, climate change regulations, advancements in green construction technologies, and shifts in domestic demand influenced by urbanization rates and economic growth.
