Indian Cement Production To Grow At 10.5% CAGR By 2013-14
Aggressive capacity expansion plans and demand from infrastructural projects will trigger cement production to grow at 10.5% CAGR between 2010-11 and 2013-14, says RNCOS.
- (1888PressRelease) July 10, 2010 - According to our latest research offering "Indian Cement Industry Forecast to 2012", India being the second most populated country after China, is also the second biggest producer of cement. Growing demand from housing sector, increased activity in infrastructure development along with recovery in exports market outpaced post-recessionary effects to result into 10.8% year on year cement production growth in 2009-10. Our research has further revealed that capacity expansion plans will continue to increase country's cement output, thus leading the production to grow at a CAGR of around 10.5% during 2010-11 - 2013-14.
The study infers that on the regional front, northern region (including mainly Uttar Pradesh, Rajasthan, Madhya Pradesh and Haryana) is leading the country in terms of cement industry developments. Sufficient raw material availability along with various incentives provided by the state governments makes this region highly investment prone, and number of domestic as well as international cement companies are striving hard to establish their production base in this region.
Furthermore, the rapid capacity expansion plans of cement majors may lead to overcapacity situations in long run. However, the mid-term demand-supply scenario is expected to be slightly imbalanced. The excess production, especially in country's southern cement cluster, will be reflected in decreasing cement prices across the country. However, government backed infrastructure project's cement demand, along with other factors, will help players to minimize their business risk from expected price fluctuations.
Our report "Indian Cement Industry Forecast to 2012" provides extensive research and thorough analysis of the cement industry potentials in India. The report also discusses the market structure, current and past market performance and factors critical to the success of the concerned industry in India. We have also identified all the key players in the 'Competitor Analysis' section of the report. The section talks about the business profile and recent developments of the leading players operating in the sector. In addition, regional demand-supply analysis along with cement pricing analysis facilitates a balanced research outlook.
Most importantly, the report gives the industry forecast based on correlation of past drivers, challenges and opportunities for expansion. In this way, the report presents a complete and coherent analysis of the Indian cement industry and will prove decisive for clients.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM129.htm
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