| | December 20239the steady demand of Indian Housing sector. In the total cement consumption, the housing sector alone consumes 60-65 percent and the high investment on construction of Road & Highways by Indian Government is expected to play a major role in enhancing the demand for cement. The Brick and Block manufacturing market of India is expected to reach $3.14 billion by the year 2027 with a growing CAGR of 5.45 percent growth rate. In accordance with report of Brick Industry association, the cost of Bricks in India has increased by 30 percent between the forecast period of 2016 and 2020. Owning to the increasing building stock in India, the demand for bricks is anticipated to multiply 3 to 4 times in upcoming 20 years and ignite the demand for 750 to 1000 billion brick per annum. Previously the CAGR of Indian brick market was estimated at 8.7 percent in 2019 and projected to reach 10.6 percent in the financial year 2024. The highest number of brick kilns is situated in Uttar Pradesh.The key players in Cement & Brick industry are UltraTech Cement Ltd, Ambuja Cements Ltd, Dalmia Bharat, Grasim Industries, Ramco Cements, JK Cements, RMC Ready Mix, Shree Cements, Bharat Bricks, and Birla Corporation.The Steel market of India is one of the important markets among the other industrial markets. By surpassing the country Japan, India became second largest steel producer in the world. Behind the robust movement of Industrialization, metal consumption is one of the crucial driving forces. India is being a fifth largest & highest reserves of iron-ore in the world. As per the report of World Steel Association, India is the second consumer of finished steel across the world. Indian government has approved a scheme of Production Linked Incentive (PLI) for specialty steel in India and envisages the production of steel in India to rise 42 million tonnes by the financial year 2026-27. And the ministry of SRTMI (Steel Research and Technology Mission of India) associates with private & public sector to spearhead the research & development events on steel & iron items. In the period of January-April 2023, India accounted 24.1 percent of world DRI production. IBEF (India Brand Equity Foundation) reported that India produced 125.32 MT of crude steel and 121.29 MT of finished steel in 2023. The Union Government of India allocated Rs. 70.15 crore for Ministry of Steel under the financial budget of 2023-24. In 2024, the steel production of India is estimated to grow 123-127 MT at a growth rate 4-7 percent. These consolidated developments and initiatives into the country led the global & domestic players to invest in diverse entities.The key players in Steel industry are Tata Steel, JSW Steel, Jindal Steel, and Electrotherm, Ratnamani Metals & Tubes.Driven by increased urbanization and robust demand for construction materials, the Sand market in India is
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