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In the financial year 2023, UltraTech Cement was the leading cement company in India, with net sales of **** billion U.S. dollars. ACC Ltd. followed with net sales of **** billion dollars. In terms of capacity, Ultratech was one of the largest producers of cement worldwide, with a capacity of over 100 million metric tons. 

India's position in the global cement market

India has solidified its position as the second-largest cement producer globally, with an output of *** million metric tons in 2024. This places India far ahead of other major producers like Vietnam and the United States, though still significantly behind China's dominant production of nearly *** billion metric tons. The strong performance of Indian companies like UltraTech Cement is further exemplified by its continuous revenue growth, reaching *** billion Indian rupees in 2023. 

Global cement industry outlook

In 2024, the production volume of cement worldwide amounted to **** billion metric tons. Meanwhile, the global cement demand volume is forecast to amount to *** billion metric tons in 2026. The surge is largely driven by large infrastructure projects in Asia and Africa, as well as rising urbanization.