India Cement Market Size, Growth, Opportunities Analysis & Forecast to 2028 (Business Opportunities - Advertising Service)
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India Cement Market Size, Growth, Opportunities Analysis & Forecast to 2028 | |
India Cement Market was valued at USD26023.83 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 8.98%, owing to a rapidly increasing mega infrastructural projects, rise in renovation and construction activities. A cement is a binder, a substance used for construction that sets, hardens, and adheres to other materials to bind them together. Cement/concrete is the second-most-utilized product in the world after potable water. Cement used in construction is typically inorganic, based on lime or calcium silicate, and is classified as either non-hydraulic or hydraulic, depending on its capacity to set in the water. Mega Infrastructural Projects Driving Market Growth The economy of India relies heavily on the infrastructure industry. This sector is essential to India's overall growth, and the government has placed a high priority on enacting regulations that would assure the country's building of world-class infrastructure promptly. Power, bridges, dams, highways, and urban infrastructure development are part of the infrastructure industry. The government of India has turned its attention to the infrastructure sector. India intends to invest USD1.4 trillion in infrastructure development between 2019 and 2023 to ensure the country's long-term prosperity. From 2018 to 2030, the government proposes investing USD 750 billion in railway infrastructure. | |
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2023-02-08 (0.403 sec)