India’s construction chemicals market is better known as the “sunrise market” in the current scenario. This could be credited to rising investments by the government of India in the infrastructure of various industries along with residential complexes being built. Some of the initiatives on this count are inclusive Make in India, Smart City, and Housing for All. The basic advantage here is that the construction sector in India is at the developing stage, which, in turn, sends out the message that there is ample scope for the market to flourish.
With the construction sector booming, demand for construction chemicals is also bound to increase. The infrastructure improvement activities are inclusive of exporting cargo, construction of highways, and power generation.
Admixture concrete is used in the commercial sector to facilitate sustainable construction practices inclusive of watertight concrete, long-lasting hassle-free floor concepts, and quick construction. Close to 3% of the revenue generated by the Indian construction chemicals market is invested in extensive research about the development of new products and applications.
The emerging economies are also subject to the establishment of service and sales facilities with long-term partnerships. These days, onsite training is being provided to the site workers to enable an effective application of the construction chemicals.
The northern part of India accounts for 33% of the market share. This growth is reasoned with the speedy development of infrastructure coupled with the population explosion. Persistence Market Research has brought out these facts backed by its line of expertise in the form of analysts and consultants along with prospects in its latest market study entitled “India Construction Chemicals Market”.
How about India Construction Chemicals segregation?
India’s construction chemicals market, by product, spans concrete admixtures (plasticizers (lingo, PCE, SNF), accelerators, and air entertainers), waterproofing chemicals (Bitumen, PVC, EPDM, TPO, PTFE, silicone, acrylic polymers, SBR – Styrene-butadiene, cementitious membrane, PU membrane – liquid-applied membrane, crystalline, and additives in waterproofing, protective coatings (epoxy, polyurethane, acrylic, alkyd, polyester, and likewise), adhesives & sealants (adhesives (tile adhesives (cementitious, epoxy Tile grouts (cementitious and epoxy), and masonry mortar (sealants (silicone, MS Hybrid, PU, weatherproof silicone and polysulfide)), concrete repair mortar (cement-based (epoxy-based and micro concrete) and plaster (cement-based, gypsum-based, and asphalt additives). Application-wise, it’s residential, commercial & industrial, and infrastructure. Region-wise, it’s West, East, North, and South. Persistence Market Research has enlisted all these findings with insights in its latest market study entitled “India Construction Chemicals Market”.
Persistence Market Research has profiled the key players in the Indian construction chemicals market as SIKA AG, Master Builder Solutions, Dow Chemicals, RPM International Inc., MAPEI Construction Products India Pvt. Ltd., AkzoNobel NV, Pidilite Industries, Chembond Chemicals Ltd., Flowcrete India, Fosroc International, CICO Technologies Ltd., MC-Bauchemie, W.R. Grace & Co.-Conn., Saint-Gobain SA, KEKAROLL India Pvt. Ltd., Ardex Endura, Magicrete, Balmer Lawrie & Co. Ltd., Cera-Chem Pvt. Ltd., Choksey Chemicals Pvt. Ltd., MYK LATICRETE, and GCP Applied Technologies. These players are competing with one another on the organic as well as inorganic front to make a mark in India Construction Chemicals Market.
The Road Further
India Construction Chemicals Market will grow by leaps and bounds in the forecast period – Persistence Market Research