The government of India has been strict in its compliance with the environmental ‘Green Revolution’, which has been a major factor in fuelling the
construction industry in India and shaping it according to international environmental standards. According to a new market research study presented by
Future Market Insights (FMI), the India construction chemical market is estimated to touch US$1,890 million by the end of 2020, growing substantially at a
17.2% CAGR between 2014 and 2020. Major factors propelling this market include:
· Rise in foreign investment activities
· Growing urbanization
· Rising preference for utilization of ready-mix concrete
· Technological advancements
On the flip side, less availability of skilled and expert manpower and fluctuating prices of raw material are some of the restraining factors faced by the
market players in this industry.
Browse the full India Construction Chemical Market Report
Adhesives and Sealants Lead India Construction Chemical Market
Construction chemicals play a vital role in construction processes. Use of construction chemicals has shown substantial growth in the recent past, owing to
the development of infrastructure facilities in emerging economies. The usage of construction chemicals in construction materials enhances:
· Chemical Resistance
On the basis of types, the India construction chemical market has been categorized into repair and rehabilitation, flooring chemicals, adhesives and
sealants, waterproofing compounds, admixtures, and others. Among all these types, admixtures and adhesives and sealants are collectively estimated to hold
the largest market share, accounting for 61.2% of the India construction chemicals market by the end of 2020. The annual growth rate of the repair and
rehabilitation segment of the construction industry is expected to drop till 2020, exhibiting a lack of maintenance and inspection in the India
construction chemical industry.
The India construction chemical market has been further segmented according to its end-use industries such as the commercial and residential sector and the
infrastructure sector. The infrastructure sector is projected to exhibit a progressive 18.3% CAGR between 2014 and 2020, whereas the commercial and
residential sector holds a market share of 34% in the Indian construction chemical market, with a steady growth of around 16% annually.
Browse the full Press Release of Construction Chemical Market
Southern, Western Regions of India to Lead National Market
Talking about the various regions within the India construction chemical market, the market has been segmented into the western region, northern region,
southern region, and the eastern region. In the present scenario, the northern region of India is estimated to grow significantly at a 17.8% CAGR in the
coming years. In the near future, the southern region, which comprises the states of Andhra Pradesh, Kerala, Tamil Nadu, and Karnataka, is expected to
generate huge opportunities for the construction chemical market. Agencies in the southern region have realized the growing potential of IT services and
thus have been able to attract substantial investment from several international manufacturing and service organizations. In the western region (Gujarat
and Maharashtra), engineering and chemical industries are the key drivers boosting demand for construction chemicals in the Indian market.