Project Report For White cement
Introduction
Project report for White cement is as follows.
Because of the increased need for white cement in various areas, such as housing, commercial building, and industrial construction, the cement industry in India is predicted in 2025 to reach 550-600 million tonnes per annum (MTPA).
Demand for housing in India is fueled by reasons such as a growing middle class, a better standard of life, and rising income levels. In addition, the construction of highways, flyovers, railway stations, and other infrastructure is being fueled by the growth in infrastructure development.
Ultratech (Birla White) Cement Ltd, J.K. Cement Limited, Emirates Cements India Private Limited, Travancore Cement India Private Limited, Sakari Plaster (India) Private Limited, NGS White Cements Pvt Ltd, among others, are the prominent participants in the India white cement industry.
When it comes to building, the term “white cement” refers to a substance that is both long-lasting and visually appealing. The quality of raw ingredients and the production process affects white cement’s color.
Pre-cast cladding panels, terrazzo flooring, and transportation projects are all examples of where this material has been employed. Sculptures, monuments, and archaeological site restoration benefit from white concrete’s flexibility to be cast in virtually any shape. Its color, fineness, strength, and simplicity of usage are all comparable to grey Portland cement, but white glue has a few distinct advantages.
Market potential & Strategy
In 2020, the global market for white cement was valued at INR 3730.11 Crores. The market is estimated to expand at a CAGR of 5% between 2021 and 2026, reaching INR 5000 Crores by 2026.
For the period 2020 to 2025, India’s white cement market is expected to grow at a CAGR of 12 percent due to a rise in residential and commercial construction activities, as well as an increase in government initiatives such as “Housing for All” by 2020 and the construction of hospitals and railway stations.
Demand for homes in India is increasing due to a growing middle class, an improved standard of life, and rising income levels. In addition, the construction of highways, flyovers, railway stations, and other infrastructure is being fueled by the growth in infrastructure development.
As a result, demand for white cement is increasing due to these causes. Due to COVID-19, significant cement businesses have detected urgent commercial concerns, which may impact the financial years of 2021 and 2022.
Demand for housing has risen in recent years due to rapid population expansion, rising middle-class income, increasing proportion of nuclear families, expanding working population, and changing lifestyles. As a result, urban housing shortages have emerged, which is projected to fuel the housing market’s rise in the following years.
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