1. India's Construction Chemicals Market: Emerging Powerhouse in Southeast Asia Driven by Growth, M&A, and Government Aid.
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With a rich legacy dating back to 1892, when Bengal Chemicals and Pharmaceutical Works was established, the Indian chemical industry has experienced impressive progress. Initially dominated by organized players like Pidilite, MBCC, Sika, and Fosroc, the market has now opened up to new possibilities.
Investments in commercial and residential infrastructure, along with government collaborations, are driving the growth of the India construction chemicals market. Mergers and acquisitions have been instrumental in securing a competitive advantage across industry segments.
The sector is witnessing the entry of prominent companies such as Nippon Paint and JSW Cement, signaling the market's potential. Embracing sustainability, manufacturers are prioritizing technical products that reduce carbon footprint, challenging traditional concrete and cementitious chemicals.
India's construction chemicals Industry continues to evolve, propelled by its legacy, growth opportunities, and commitment to innovation.
2. Dynamic Ecosystem and Collaborative Efforts Drive India's Construction Chemicals Market with 200+ Players and Industry Bodies.
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The Indian construction chemicals market is marked by the presence of approximately 200 players, comprising both international and domestic companies. These players bring a diverse range of expertise and offerings to the market. Some international companies have established manufacturing units within the country or import raw materials and finished products from other countries. The concentration of major head offices in Mumbai, Thane, and Pune is attributed to the strategic proximity to the JNPT port, which plays a crucial role in facilitating imports for the industry. The dependence on imports underscores the significance of these locations as key hubs for the construction chemicals sector in India.
