London, 31 December 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Cement Market in India 2015-2019, which is expected to grow at a CAGR of 8.96 percent during the forecast period of 2014-2019.
Cement is one of the essential raw materials required by the construction industry. Demand for cement remains unaffected despite price fluctuation. Moreover, post the setup of a cement plant, cost of production is economical. Cement has a stronger binding material because of its unique chemical properties. Also, cement can be manufactured in bulk and in a controlled environment. If stored under favorable conditions, the durability of cement is relatively long.
“Cement manufacturers have started paying special attention toward ensuring safety standards at cement plants and mines,” says Faisal Ghaus, Vice President of TechNavio.
“Employers are focusing on improving safety standards by improving the work environment. At grassroots level, special attention is being paid to train workers to avoid injuries as well as respond suitably to accidents at sites.”
Key Market Drivers
- High Investment in Infrastructure under 12th Five-year Plan
- Durability of Cement
- Easy Availability of Raw Materials
Key Market Trends
- Market Consolidation
- Increase in Use of Blended Cement
- Focus on Improving Health and Safety Standards
Key Market Vendors
- ACC Ltd.
- Ambuja Cement Ltd.
- Jaiprakash Associates
- Shree Cement Ltd.
- UltraTech Cement Ltd.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
