Cement demand fizzles out in 2019, recovery expected only in H2FY21

Growth in cement demand was significantly affected this year after no major recovery was seen in the sector. 

With no significant demand growth in sight in the near future, analysts expect growth to return only after the 2020 monsoon.

All India cement volume growth between April and September declined in the range of 2 to 4 per cent. The sector is expected to end both the calendar as well as the financial year with flat demand growth.

“The general elections in Q1, and subsequently, heavy rains in most parts of the country had taken a toll on demand consumption and