Indian cement demand slowed in 2024, but will rebound

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Cement production will need to expand quicker to meet demand. The Cement Manufacturers’ Association (CMA) of India is targeting a “CAGR growth rate of more than six per cent of installed cement capacity”. With capacity utilisation rates heading towards 70 per cent, capacity expansion will be a key consideration for producers. In turn, mergers and acquisition activity will remain prevalent.


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