“Amplified demand for Concrete Admixtures has driven the growth of Construction Chemicals Market in India.”
Surging Government Initiatives: The Government has launched a massive National Infrastructure Pipeline (NIP) till 2025, as of 2019, with ~24 lakh crore investment on Infrastructure. The government is also taking various steps to restructure corporate taxes and make them more appealing to foreign investors. The move is anticipated to boost investments in the healthcare, education, housing, transportation, and water infrastructure sectors, leading to the growth of the Construction Chemicals industry in India.
Growing Market Share of Organized Construction Chemical Players: The organized construction chemical companies contribute a market share of ~55-60% in the India construction chemical market. The market has witnessed a large number of global construction chemical companies entering this market in the past few decades, leading to the growth in their market share. The surging demand for high quality construction chemical products is leading to the growing demand for the organized construction chemical Companies. These Organized Players have started providing a varied product portfolio with products such as waterproofing, concrete admixtures, sealants, Adhesives and others targeting a larger user segment. High complexity in manufacturing along with limitations related to technical assistance and after sales service are some of the factors leading to the limited entry of Unorganized Players in the market.
Increasing Demand for Concrete Admixtures: Concrete Admixtures are contributing majorly to the construction chemicals market (by Value) in India. The market for concrete admixture in India is witnessing a significant growth, owing to the rapid growth and Project Execution in the construction industry. Government initiatives like “Housing for all by 2022” have largely facilitated the growth of the construction sector in the country. Low complexity in manufacturing the concrete admixtures has led to the sustenance of a large number of unorganized concrete admixture companies in India. The unorganized concrete admixture companies are dominating the market with a market share of ~55-60%, by value.
The report titled “India Construction Chemicals Market Outlook to 2025: Surging Construction Industry in India is leading to the Growth of Construction Chemicals Market” by Ken Research suggested that the India construction chemicals market is further expected to grow in the near future with the growing Residential and Commercial construction along the massive pipeline of Infrastructure Projects anticipated to be executed in the forecasted period. The market is expected to register a positive CAGR of 10.0% in terms of revenue during the forecast period of FY’20-FY’25, with the Organized market anticipated to grow at a faster rate.
Key Segments Covered in India Construction Chemicals Market:-
By Type of Construction Chemical Market
By Type of Construction Chemicals
Repair and Rehabilitation Chemicals
By Type of Concrete Additives Market
By Type of Waterproofing Market
By Type of Tile Adhesives Market
By Type of Flooring Market
By Type of Repair and Rehabilitation Chemicals Market
By Type of Sealants Market
By Type of Grouting Chemicals Market
By Type of Coatings Market
Key Target Audience:-
Construction Chemical companies
Concrete Additive companies
Adhesive and Sealant Companies
Grouting chemical companies
Time Period Captured in the Report:-
Historical Period: FY’15-FY’20
Forecast Period: FY’20-FY’25
Construction Chemical Companies in India:-
Asian Paints PPG
Saint Gobain Weber
For More Information on the research report, refer to below link:-
India Waterproofing Membrane Market Outlook to 2025 – Waterproofing Membrane Market by Revenue (Sheet & Liquid Membrane), By Application (Roofing, Walls, Basements & Others), By End Users (Real Estate, Industrial, Infrastructure & Others) & By Regional Demand (North, West, South & East)
Ankur Gupta, Head Marketing & Communications