Holcim, one of the top players in the global cement industry, expects that Indian construction market to grow more than double by 2020. The Switzerland-based cement maker, Holcim, which entered India in the middle of the last decade, has its presence in the country through two established brands — ACC and Ambuja Cements. Collectively, these companies have the largest market share in India.
The Indian construction market will replace Japan as the third largest, after China and the US, by 2020, during which, emerging markets will outweigh mature markets, as per one of the company's presentations earlier this year. At $360 billion, India accounted for five per cent of the $7.2-trillion global construction market in 2010.
By 2020, India is likely to capture a seven per cent market share, at $840 billion, of the $12-trillion global market.Holcim, currently has a capacity of close to 57 million tonne per annum, and is ahead of domestic giant Aditya Birla Group's UltraTech Cement (52 million tonnes).