Is India’s Construction Chemical market on a Sustainable Rise? Exploring the 10.9% CAGR growth in 2022, driven by Green Solutions, Urbanization & Chemical Demand: Ken Research

 Buy Now

Green Solutions & surging demand are expected to tilt Construction Chemical’s Market trajectory towards higher growth prospects, says a report by Ken Research

Major Green Construction Chemical Initiatives

1. “Greenovation in action:” Paving the way for Sustainable success in India’s Construction Chemical Market

Rapid urbanization is fueling energy demand, emphasizing the crucial role of the revised energy conservation building code (ECBC). The new paradigm prioritizes eco-friendly practices such as green building materials, energy efficient HVAC & lightning systems alongside bio-based chemicals. With cities expanding rapidly, energy consumption in building rises significantly, necessitating a focus on energy consumption. The demand for green solutions is thus on an upsurge which is ultimately encouraging innovation in construction chemical industry.

2. India’s booming real estate & Infrastructure: Fueling Demand for construction chemicals.

Download a Free Sample Report

According to the National Investment Promotion and Facilitation Agency of the Government of India, India's real estate sector (residential and commercial construction sector) is expected to reach INR 1.3 Tn by 2025.and will represent around 13% of India’s GDP.1 In order to meet India’s aim of reaching a INR 6.7 Tn economy by 2025, the government has launched the   combined with other initiatives such as ‘Make in India’ and the production-linked incentives (PLI) scheme that will generate higher demand for construction chemicals for infrastructure industry.

Major Players Mentioned in the Report:

India Construction Chemicals Organized Market

• Pidilite
• Asian Paints
• MBCC Group
• Sika
• Fosroc

India Construction Chemicals Unorganized Market

• Hindcon Chemicals
• DCP
• Aqua Prof
• Fibrex

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:

• Construction Companies
• Engineers
• Industrial & Commercial Companies
• Distributers & Retailers
• Infrastructure Consultants & Research Institutions

Time Period Captured in the Report:

• Historical Period: 2017-2022
• Base Year: 2022
• Forecast Period: 2022-2028

For More Insights On Market Intelligence, Refer To The Link Below: –

India Construction Chemicals Market

Related Reports by Ken Research

Indonesian Construction Chemicals Market Outlook to 2025

Global Construction Chemical Market Outlook to 2020

Building New India: can government initiative & FDI inflow catapult the construction chemical market to INR 11000 Cr by 2025?

 An FDI Inflow of over INR 25 Bn & Smart City Mission are some of the factors serving as catalyst in the Indian Construction Chemical Market: Ken Research

1. “Real Estate fueling the construction chemical market:” Enhancing Investment for Real Estate Development is a Priority for the Government; this will indirectly boost demand in the Construction Chemicals Market

Click to Read Full Article: India Construction Chemicals Market

Real estate has been a major market for Construction chemical Industry in India. With increasing urbanization & development initiatives taken up by GOI, the sector has been supporting the growth of Construction chemical market. Initiatives such as “smart city mission” wherein the govt. has chosen 100 smart cities and prepared projects worth $30 Bn moreover, projects worth $20 Bn to almost completion are boosting the market growth. Moreover, In Budget 2021, gov. proposed forming of a Development Financial Institution (DFI) named as National Bank for Financing Infrastructure and Development. The institution will serve as a catalyst for real estate market thus fueling the construction chemical sector as well.

2. There is a huge pipeline of on-going & up-coming Real Estate & Infrastructure Projects till FY’2025.

Request a Free Sample to learn more about the report: Click here

Investment of ₹ 30 trillion for transport sector with major investment in railway, roads, & highway sector is expected for next 5 years. Target of 12,000 km national highway construction every year till FY’2024 by the current government is being taken place. Moreover, as part of Sagarmala Project of New Port & Port Modernization till 2015-2025 with 610 projects with ₹7 Lakh Cr out of which 542 projects under implementation, development & completion. Many other projects are being carried out which are serving the growth of construction chemicals market in India.

3. “A bright future for the industry:” Construction Chemicals Industry is going to witness a healthy growth of its end user Industries, which reduces demand uncertainty in the medium to long term.

Visit this Link: – Request for custom report

The future growth rate of construction chemical industry is expected to be a steady but consistent one. A major push will be received via projects in hospitality, residential, commercial & infrastructure segments. Furthermore, New Innovations such as Multipurpose & Hybrid Coating, eco-friendly products for instance Nano-Coating, Green Coating for fire protection and anti-corrosion are anticipated to fuel the sales. Global Companies have already increased their presence by opening new manufacturing plants for instance BASF opened 6^th Plant in India, Fosroc and Arkema inaugurated their new plants as well. All in all, even though the industry is currently is at a nascent stage currently, it is expected to register strong growth in upcoming years.