IndiaMART, the largest business-to-business (B2B) marketplace in India, has released its inaugural report on the cement industry titled “Cementing Growth: An Indian Perspective on the Cement Industry,” coinciding with National Concrete Day on September 7. The report, which examines trends in the cement and construction sector, draws on extensive data from interactions between buyers and sellers on IndiaMART over recent years.
The cement sector is a crucial part of India’s economy, recognized as one of the eight core industries. It boasts an installed manufacturing capacity of 583 million tonnes and an annual production output of 391 million tonnes. The industry experienced a 6.8% year-on-year growth in FY23 and is expected to grow at an 8% rate in FY25.
Output is projected to increase by 150-160 million tonnes between FY25 and FY28. The cement industry significantly impacts the economy, with a multiplier effect of 4.16x on economic output and 1.53x on GDP. Each million tonnes of installed cement capacity generates 20,000 downstream jobs, underscoring its importance in driving economic growth.
IndiaMART’s platform has been instrumental in connecting sellers and buyers in the cement sector. Over the past five years (2019-2023), the platform recorded 15.5 million inquiries related to cement. The top ten states with the highest inquiry volumes were Uttar Pradesh (16%), Maharashtra (9%), Bihar (8%), Tamil Nadu (7%), Rajasthan (7%), Karnataka (7%), West Bengal (6%), Madhya Pradesh (5%), Telangana (5%), and Andhra Pradesh (4%).
Dinesh Gulati, Chief Operating Officer of IndiaMART InterMESH Limited, highlighted the significance of the report: “IndiaMART remains the leading digital platform for cement and construction sector interactions. The 15 million inquiries we facilitated over five years demonstrate the substantial demand in this category. Our report offers valuable insights into the cement industry and showcases how IndiaMART continues to be a key online engagement platform for suppliers and buyers. We hope this report enhances the shopping experience for buyers and supports cement suppliers in making informed operational decisions.”
The cement industry’s growth is driven by rising demand for housing in both rural and urban areas, along with government investments in infrastructure and transportation. The report aims to help buyers and suppliers understand emerging trends and navigate their growth trajectory effectively.
IndiaMART is the premier online B2B marketplace in India, facilitating connections between buyers and sellers across various product categories and regions. The platform offers business enablement solutions, including lead generation, lead management, and payment services, enhancing the ease and convenience of business transactions.
