India Construction Chemicals Market Forecast and Opportunities, 2019
Use of construction chemicals has been witnessing robust growth in India over the last decade. The market for construction chemicals is majorly being driven by rising construction activities in residential and commercial sector across the country. In various tier 1 and tier 2 cities, construction activity is on the rise as a number of malls, shopping complexes and high rise apartments are coming up. In addition, to address the demand for commercial spaces, various business and IT parks are also being built, which again is driving the demand for construction chemicals in the country. Considering the eco-friendly initiatives prevalent in the market, the demand for green buildings and complexes in India is increasing, which in turn, is also driving the adoption of specialty chemicals. Innovative products like Green Polyols are being used in adhesives, sealants and admixtures to minimize environmental pollution.
According to “India Construction Chemicals Market Forecast & Opportunities, 2019”, the market for construction chemicals in India is projected to witness double digit growth at a CAGR of around 18% during 2014-19. The construction chemicals market in India has been segmented into Admixtures; Adhesives & Sealants; Flooring chemicals; Waterproofing chemicals; and Repair & Rehabilitation chemicals. In 2013, admixtures accounted for majority share in overall construction chemical sales in value terms, and are expected to continue dominating the market over the forecast period as well. Region wise, western India exceeds other parts of the country in terms of construction chemical sales as states like Gujarat and Maharashtra have a number of construction projects in pipeline. “India Construction Chemicals Market Forecast & Opportunities, 2019” discusses the following aspects related to construction chemicals market in India:
India Construction Chemicals Market Size, Share & Forecast
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The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with construction chemical manufacturers and suppliers in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and other proprietary databases.
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Construction Chemicals Market in India to Witness 18% CAGR till 2019 Reports TechSci Study
Increasing residential and commercial construction activities coupled with robust growth in infrastructure to drive construction chemicals market in India
Constructionchemicals are widely used in the construction industry, globally to enhance structural properties of buildings and improve performance of concrete or other building materials under extreme environmental conditions. The construction industry in India is expected to grow at a healthy CAGR over the next few years, which would propel the market for construction chemicals in the country during the forecast period.The market for construction chemicals is broadly classified into five segments,namely Admixtures, Waterproofing Compounds, Flooring Compounds, Repair & Rehabilitation Chemicals, and Adhesive, Sealants &Other Chemicals.
According to the recently published TechSci Research report, “India Construction Chemicals Market Forecast & Opportunities, 2019”, the market for construction chemicalsin India is forecast to exhibit a CAGR of around 18% during 2014-19.The market for construction chemicals in India is benefitting from growth in the real estate sector, which accounts for a major share of the market.The market has witnessed major investmentsrecently, such as FOSROC Chemicals India Private Limited opening up a production facility in West Bengal, with a production capacity of 20,000 MT per year. Increasing rate of industrialization and upgradation of technology to process environment friendly construction chemicals is encouraging manufacturers to set up facilities for manufacturing allied products in the most efficient manner.
New government initiatives such as ban on on-site mixing has boosted the demand for ready-mix concrete, which is expected to boost the admixtures segment that accounts for the largest share in the construction chemicalsmarket in the country. Stringent policies placing a ban on excavating sand bed is encouraged the use of other alternatives to sand, like crushed gravel and concrete mixture.This is expected to boost the demand for construction chemicalsthat offer high structural strength,similar to that of natural sand.
“The Government of India has allocated around USD1.025 trillion as investment for overall infrastructural development in India, under the 12thFive Year Plan. Fasttrack approval of stalled infrastructure projects under single window clearances is expected to boost the country’s construction industry, which would propel growth in the market for construction chemicalsin India over the next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Construction Chemicals Market Forecast & Opportunities, 2019” has evaluated the future growth potential of the market for construction chemicals in India and provided the statistics and information on market structure, industry behaviour and trends. The report includes projections and demand forecasting for various market segments, namely Admixtures, Waterproofing Compounds, Flooring Compounds, Repair & Rehabilitation Chemicals, and Adhesive, Sealants & Other Chemicals. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in the market for construction chemicalsin India.
1. Pidilite Industries Limited 2. Sika India Private Limited 3. BASF India Limited 4. FOSROC Chemicals India Private Limited 5. Chembond Chemicals Limited 6. Choksey Chemicals Private Limited 7. CICO Technologies Limited 8. Asian Paints PPG Private Limited 9. CeraChem Private Limited 10. Dow India