The market is dominated by domestic suppliers, as imports account for 4.7% of total market size in 2023. B2B drives market demand, with B2B spending representing 88.0% of total demand in 2023. India has the second largest market size for cement, stone and ceramic products regionally, with demand reaching USD87.8 billion in 2023. LafargeHolcim Ltd is the largest company in India, generating 9.5% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 24.2% of total production value in 2023. The total number of companies increases in 2023, to 2,012,500 units. The costs of the industry increase by 0.4% in 2023, largely driven by rising labour costs. The industry’s profitability decreases and stands at 17.0% of production value in 2023, the eighth highest regionally. The industry’s exports share decreases in 2023 to 4.9% of total production output. With production value of USD76.6 billion, India accounts for 5.3% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Cement, Stone and Ceramic Products in India: ISIC 269. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Cement, Stone and Ceramic Products in India: ISIC 269 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Non-metalic Mineral Products is an aggregation of Quarrying of Stone, Sand and Clay; Cement, Stone and Ceramic Products; Glass and Glass Prodcuts.
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