“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.
By Type of Construction Chemical Market
Organized
Unorganized
By Type of Construction Chemicals
Concrete Additives
Waterproofing
Tile Adhesives
Flooring
Repair and Rehabilitation Chemicals
Sealants
Grouting chemicals
Coatings
By Type of Concrete Additives Market
Organized
Unorganized
By Type of Waterproofing Market
Organized
Unorganized
By Type of Tile Adhesives Market
Organized
Unorganized
By Type of Flooring Market
Organized
Unorganized
By Type of Repair and Rehabilitation Chemicals Market
Organized
Unorganized
By Type of Sealants Market
Organized
Unorganized
By Type of Grouting Chemicals Market
Organized
Unorganized
By Type of Coatings Market
Organized
Unorganized
Key Target Audience:-
Construction
Chemical companies
Concrete
Additive companies
Waterproofing
companies
Adhesive
and Sealant Companies
Grouting
chemical companies
Coating
companies
Time Period Captured in the Report:-
Historical Period: FY’15-FY’20
Forecast Period: FY’20-FY’25
Construction Chemical Companies in India:-
Fosroc
Sika
Jotun
BASF
Thermax
MYK Laticrete
Asian Paints PPG
Asian Paints
Chryso
Chembond
Pidilite
STP Limited
Mapei
Ardex Endura
Zydex
Flowcrete
McCoy
Soudal
Bostik
Choksey
Sunanda
Cipy
Saint
Gobain Weber
MC
For More Information on the research report, refer to below
link:-
India Construction Chemicals Market
Related Reports:-
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