From 2012 to 2022, the aluminous cement market in India has displayed fluctuations in both growth and decline. The market value increased consistently from 2012 to 2014 with significant year-on-year growth rates, peaking at 19.274 million USD in 2014. However, from 2015 to 2018, the market experienced a general downward trend. It rebounded in 2019 and continued to grow through 2020 and 2022, reaching a value of 20.592 million USD. The recent years displayed moderate growth with 2022 showing a year-on-year increase of 1.85%. Notably, the compound annual growth rate (CAGR) over the last 5 years is 3.55%, indicating a steady, if somewhat modest, upward trend.
Future trends to watch for:
- Advancements in construction technologies could drive demand for specialized cements.
- Increased investment in infrastructure projects by the Indian government may spur market growth.
- Sustainability initiatives and regulations may encourage the use of eco-friendly cement alternatives, impacting market dynamics.
- Economic fluctuations and raw material prices could affect market volatility.
| # | 12 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 257,910,000 | 2023 | +0.2% | +0.24% | View data |
| 2 | 2 China | 156,170,000 | 2023 | +3.4% | +3.59% | View data |
| 3 | 3 Japan | 121,940,000 | 2023 | -0.79% | -0.88% | View data |
| 4 | 4 Italy | 97,616,000 | 2023 | -3.78% | -2.96% | View data |
| 5 | 5 Spain | 68,289,000 | 2023 | +1.66% | +0.51% | View data |
| 6 | 6 Canada | 58,297,000 | 2023 | +2.59% | +2.48% | View data |
| 7 | 7 India | 21,671,000 | 2023 | +1.92% | +5.31% | |
| 8 | 8 Austria | 19,814,000 | 2023 | -2.56% | -2.26% | View data |
| 9 | 9 Thailand | 10,230,000 | 2023 | +0.82% | -2.25% | View data |
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