India’sbuilding material market rapidly growing

Based on compounded annual growth rates, central India likely to experience cement oversupply as capacity additions outpace expected consumption-growth rates by 2021. 78 mn tonne of cement capacity is expected to be added by 2021. Also a8% rise in the demand for Indian cement is estimated in 2018. Cement consumption in India is growing twice as quickly as that in North Asia, and tied to South Asia The October-December production levels can be used as a proxy for the recovery of volume lost during the monsoon.