Construction chemicals are added to construction materials to its enhanced performance, workability, add functionality, improve chemical resistance or enrich the durability of civil structures. Construction chemicals are predominantly used for infrastructural, residential and commercial sectors. Construction chemicals are not only used to add life to structures but also helps in reducing the water content in the materials.
Expansion and innovation is the main reason for the use of cost-effective and eco-friendly products. With the advent of Union Budget 2019, the manufacturers are focusing towards formulating and implementation of ‘Green Buildings’ that would augment the foreign direct investments. According to Green Building Council, there are around 2,362 registered buildings out of which only 447 buildings are rated as Green buildings. The manufacturers have recognized the need for green buildings, which would induce the demand for construction chemicals market in India.
According to MarkNtel Advisors’ report “India Construction Chemicals Market Analysis, 2020”, the market is expected to grow with a CAGR of around 13% during 2020-25. According to the Federation of Indian Chambers of Commerce & Industry (FICCI), the Indian construction chemicals market is surging due to a push and consolidation in the construction sector.
Building Smart Cities to Fuel the Demand for Construction Chemicals in India
With the ongoing infrastructure development and boosting construction activities in the country, the demand for construction activity is expected to surge in the coming years. Moreover, the growing consumer’s inclination towards building smart cities is growing the need for construction chemicals. Thus, the infrastructural development is anticipated to surge during the forthcoming years which would generate the need for construction chemicals in the country.
Leading Players Targeting Admixtures and Plasticizers to Enhance the Construction Chemicals Market
According to MarkNtel Advisors, the major companies capturing a considerable market share are Pidilite Industries, Sika AG, BASF SE, Fosroc, Inc., W.R Grace and Company, Dow Chemicals, Chryso, Arkema Group, Mapei, Chembond Chemicals among others. The four leading players in the market- BASF, Sika, Fosroc, and Pidilite contributed around 30% to 70%. Pidilite had the highest revenue generation in 2016 around USD 840 million.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on India Construction Chemicals Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million, while the market volume is measured in terms of quantity sold (Thousand Tons).
Q. What would be the growth rate or CAGR of India Construction Chemicals Market during 2020-25?
A. The growth rate of India Construction Chemicals Market during 2020-25 is forecast to be around 13%.
Q. Who are the key competitors or players operating in India Construction Chemicals Market?
A. Pidilite Industries, Sika AG, BASF SE, Fosroc, Inc., W.R Grace and Company, Dow Chemicals, Chryso, Arkema Group, Mapei, Chembond Chemicals are few of the leading players in the India Construction Chemicals Market.
Q. Does the report scope cover India Construction Chemicals Market type wise market statistics also?
A. Yes, the scope of the report encompass detailed India Construction Chemicals type and region wise statistics such as market size, market segmentation based on various subcategories.
Q. Which sector would emerge as an opportunity area for players in India Construction Chemicals Market?
A. The construction segment will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of India Construction Chemicals Market.
