How India Construction Chemicals Market Is Positioned?
India
construction chemical industry revenue stood at INR ~ Cr in FY’20 and recorded a
CAGR of 8.5% during FY’15-FY’20. Concrete admixture dominated the constructions
chemical market in India in FY’20 followed by waterproofing, Tile adhesives and
others. The market was also observed to be highly dominated by the organized
construction chemical companies in India.
New
Regulatory Norms and Compulsory Certifications such as Green Building Code,
usage of Ready Mix Concrete in Metro Rail Projects in 20+ Cities and
Certification for product quality from engineer under RERA has increased usage
of construction chemicals in India. Construction sector had to bear the worst
impact of COVID 19 as there was a major financial crunch in the market.
Construction activities were completely halted and labors migrated. This
indirectly impacted the construction chemicals market adversely.
Rise in
demand for urban housing, investment in infrastructure and government spending
is set to further increase the market for construction chemicals.
The
competition structure in India Construction Chemicals industry is fragmented in
nature with presence of large number of companies offering a vast product
portfolio, including waterproofing, coating, grouting chemicals, concrete
admixtures, Tile adhesives and others.
Major
companies in India construction chemicals market include Fosroc, Sika,
Pidilite, STP Berger, MYK Laticrete, MBCC (BASF), Bostik, Jotun, Thermax,
Mapei, Asian Paints, Asian Paints PPG, Chembond, Chryso and others.
India Construction Chemical Market Segmentation
By Type of Construction
Chemical Market (Organized and Unorganized)
Construction chemicals market is dominated by organized players having vast product portfolio. ( Companies with overall annual revenue greater than INR 50Cr.) High Product Quality, International Certifications, Brand Image and after sales services are some of the reasons why organized construction chemical companies are preferred more.
By Type of Construction Chemicals (Concrete Additives, Waterproofing, Tile Adhesives, Flooring, Repair and Rehabilitation Chemicals, Sealants, Grouting chemicals and Coatings)
Concrete admixtures dominated the construction chemicals market of India. Surging residential and commercial construction market is leading to the growth of the concrete admixtures in India.
By Concrete Admixtures Market
(Organized and Unorganized)
Concrete additives market of India is dominated by the unorganized players owing to the large presence of small players in the market. High demand for low cost products leads to the higher growth of the unorganized concrete additives players in India.
By Waterproofing Market (Organized
and Unorganized)
The Indian waterproofing market is dominated by organized waterproofing players. Higher preference for high quality waterproofing product has led to the growth of the organized waterproofing players in India.
By Tile Adhesives Market (Organized
and Unorganized)
Demand
for tile adhesives is majorly from the organized players in the Indian Market.
Unorganized players are providing lower quality products.
By Flooring Market (Organized and
Unorganized)
The
Indian flooring market is highly dominated by the organized flooring players.
Higher complexity in manufacturing and application of such products has led to
lower market share of the unorganized players.
By Repair and Rehabilitation Chemicals
Market (Organized and Unorganized)
The
Repair and Rehabilitation Chemicals market is dominated by the organized
players in India. Major players in Repair and Rehabilitation Chemicals market
include MBCC (BASF), Sika, Fosroc and others.
By Sealants Market (Organized and
Unorganized)
The
Indian Sealants market witness similar demand from the organized and unorganized
players. Silicon sealants have the highest share in the
sealants market in India.
By Grouting Chemicals Market
(Organized and Unorganized)
Grouting
chemicals market in highly dominated by the organized players in the market.
Cementitious grouts are preferred more by the end users.
By Coatings Market (Organized and
Unorganized)
The
organized coating players dominated the coatings market in India. Major coating
companies in India Includes STP, Fosroc, Sika and Others.
Comparative Landscape In India
Construction Chemicals Companies
The competition structure in India
Construction Chemicals Industry is fragmented in nature with the presence of
large number of small unorganized players providing low cost and lower quality
products. The construction chemical companies were observed to compete on
the basis of revenue, manufacturing plants, branches, business verticals, end
user industries, construction chemical brands, product range, product pricing
and others.
India Construction Chemicals Market
Future Outlook and Projections
The
construction chemicals market in India is anticipated to grow with the growing
real estate and construction industry. Over the forecast period FY’20-FY’25,
the India construction chemicals market revenue is anticipated to increase
further to INR ~ Cr by FY’25, thus showcasing a CAGR of ~10.0%.The Unorganized
vs. Organized Market asymmetry will get more skewed, with Organized Players
slowly eating away the Unorganized Market’s share.
Key Segments
Covered in India Construction Chemicals Market:-
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
Key Topics Covered in the Report:-
Global overview of construction chemicals market
Construction Chemical Market Ecosystem
Value chain Analysis of Construction Chemicals
market
Demand side analysis of Construction Chemicals
market
Porter’s Five Forces Analysis of the Indian
Construction Chemicals Market
SWOT Analysis of Construction Chemicals Market
Key Trends in India Construction Chemicals
Ecosystem
Government’s Role in the Indian Construction
Chemical Market
Challenges Faced by Construction Chemical Market
Recent Developments in India Construction
Chemical Market
Import Scenario in India Construction Chemical
Market
Export Scenario in India Construction Chemical
Market
India Construction Chemicals Market End User
Analysis
India Construction Chemicals Market Size and
Segmentation
Market Share of Construction Chemical Companies
on the basis of Revenue
Financial Analysis of the Industry
Financial and Business Landscape of India
Construction Chemicals Players
Product Landscape of India Construction Chemicals
Players
Company Profile of Major Construction Chemical
Companies in India
India Construction Chemicals Market Future
Outlook and Projections
COVID-19 Impact on the Construction Chemicals
Industry
Forward Path and Recommendations
Analyst Recommendation
India Construction Chemical Market
India Construction Chemical Industry
India Construction Chemical Market Revenue
Indian Construction Chemical Industry
Indian Construction Chemical Market
India Construction Chemical Market Major Players
India Construction Chemical Market Future Outlook
Covid-19 Impact India Construction Chemical Market
India Waterproofing Construction Chemicals Market
India Tile Adhesive Construction Chemicals Market
India Grouting Construction Chemicals Market
India Coatings Construction Chemicals Market
Unorganized Construction Chemical Market India
Organized Concrete Additives Market India
Organized Waterproofing Market India
Unorganized Waterproofing Market India
Organized Tile Adhesives Market India
Unorganized Tile Adhesives Market India
For More
Information on the research report, refer to below link:-
India Construction Chemicals Market
Related
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