The India construction chemicals market has been encountering critical development;
in any case, it is still at a developmental stage when compared with other regional markets. Construction chemicals are included with construction
materials so as to enhance their workability, improve execution, enhance chemical resistance or upgrade sturdiness of civil structures. In recent years,
increasing construction of residential and commercial buildings and redesign activities of historical monuments, water storage structures, bridges, and
various other civil structures have prompted the growing utilization of construction chemicals all over India.
The India construction chemicals market is segregated into admixtures; flooring chemicals; waterproofing compounds; adhesives and sealants; and repair,
rehabilitation, and others. Adhesives and sealants and admixtures market is predicted to hold a collective share of 61.2% by 2020. It is expected that
there will be a downturn in the growth rate of the rehabilitation, repair, and other segments from 12.7% in 2014 to 11.9% by 2020, pointing to a lack of
interest in upkeep in the construction industry in India.
The market for construction chemicals in India is predicted to display a promising CAGR of 17.2% between 2014 and 2020 and is expected to reach a market
value of US$1,890 million by 2020.
India Construction Chemicals Market: Trends and Drivers
Significant trends in the India construction chemicals market are the rise in investment in R&D, entry of new players, endorsement of sustainable
products by governments, and innovative advancements. Asia is ending up being the center point for a large portion of major global construction chemical
manufacturers for investment in R&D. Increasing development of new structures and renovation exercises all over India are predicted to propel demand
for construction chemicals in the forthcoming future.
Government regulations formulated for advancing the idea of ‘Green Revolution’, upsurge in foreign investment, urbanization, and developing inclination for
usage of ready-mix concrete (RMC) are a percentage of the projected factors driving the development of the construction chemicals market in India. Then
again, some of the difficulties in this market are: low availability of skilled labor, raw material cost volatility, and absence of implementation of
quality standards by infrastructure developers.
Northern Region of India Predicted to Exhibit Highest CAGR of 17.8% in the Country’s Chemicals Market
From the regional point of view, the India construction chemicals market is segmented into the northern region, eastern region, western region, and
southern region. Currently, the northern region is predicted to exhibit the highest CAGR of 17.8% areas among the regional segments of the India
construction chemicals market. In 2020, the southern region is expected to build an opportunity which will be three times the value of
2013. The southern region includes the states of Tamil Nadu, Andhra Pradesh, Karnataka, and Kerala. This region recognizes the capability of IT services
and therefore is able to magnetize substantial investment from these manufacturing and service organizations. Engineering and chemical industries are the
major drivers for growth in the western region, especially in Maharashtra and Gujarat.
Some of the top players operating in the India construction chemical market are Pidilite, CICO Technologies, FOSROC, Apple Chemie, Chembond Chemicals,
Perma Chemicals, Mapei India, BASF SE Chemicals, SIKA (India), and Fairmate Chemicals.
Browse the full India Construction Chemicals Market report at http://www.mrrse.com/india-construction-chemical-market