India has a rapidly growing industrial minerals market, and a number of factors point towards the increase in the country’s industrialization. This expansion has been driven by various factors including, but not limited to, the growing construction industry. Urbanization and governmental policies and activities are driving the need for cement and concrete, and of the minerals which constitute them such as limestone and gypsum. With the growth in infrastructure development, the demand for such basic materials is touching new heights. At the same time, the ceramics business is showing a growing trend. The opportunity in India can be derived from the growing population in middle income group and increase in disposable income which is driving the demand for better ceramics, tiles and sanitary ware. This has in return increased the usage of other minerals such as feldspar and kaolin required in the production of ceramics.
Also, the electronics industry that uses silica in the manufacturing of semiconductors and other accessories is rapidly growing. Digitalization, consumer electronics, and the increase in the use of silica in various industries are creating a demand for industrial minerals. Another factor that supports India’s industrial minerals is the export market; the consumption of industrial minerals in the global market is also high. This has also seen export volume of Indian minerals increase because countries of the world are appreciating the quality and affordability of the Indian minerals. This also helps in having better trade relations as India is geographically located in a strategic position and hence export is easier.
In the current issue, we introduce you to the top companies in this sector. In this issue, Industry Outlook has identified the select few companies that have done particularly well in this industry with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.
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