The aluminous cement market in India saw fluctuations within a narrow range from 2013 to 2018, experiencing a compound annual growth rate (CAGR) of -0.78%. Growth picked up from 2019, with a notable increase in 2020 and consistent year-on-year growth from 2021 to 2023, achieving a CAGR of 5.31% over these five years. As of 2023, the aluminous cement market size stood at 21.671 million USD. Going forward, the market is expected to grow at a 1.39% CAGR from 2024 to 2028, indicating modest growth prospects with a total increment of 7.14% over the next five years.
Future trends to watch for include:
- Sustainable and environmentally friendly cement options gaining traction.
- Extended use in specialized constructions requiring high durability.
- Technological advancements improving production efficiency and reducing costs.
- Government policies promoting infrastructure development and urbanization.
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