India Cement Industry Report 2022: Cement Consumption Reached 355.46 Million Tons in FY 2022 and is Expected to Reach 450.78 Million Tons by the End of FY 2027 - ResearchAndMarkets.com
India is the second-largest producer of cement in the world, accounting for more than 7% of the global installed capacity.
- India is the second-largest producer of cement in the world, accounting for more than 7% of the global installed capacity.
- In FY 2022, domestic production of cement stood at 356 million tons, up from 296 million tons in FY 2021.
- In terms of volume, cement consumption reached 355.46 million tons in FY 2022 and is expected to reach 450.78 million tons by the end of FY 2027.
- However, because orders were put on hold, consumption volumes increased in the second quarter of FY 2022.