Construction chemicals are specialty products that are essential for the sustainable infrastructure and energy conservation in the industry of construction to augment durability of buildings, and to deliver added fortification from the environmental hazards. Infrastructure is the most fascinating segment in the India construction chemicals market. It would be the foremost preference for the fresh entrants owing to surge in population and urbanization that propels the requirement for the sustainable infrastructure and environment friendly products. In addition, the chemical products likewise concrete admixtures similarly assist in decreasing the quantities of cement and water primarily demanded during the construction.
Report Analysis
According to the report analysis, ‘India Construction Chemicals Market Outlook to 2025 ( Second Edition ): Surging Construction Industry in India is leading to the Growth of Construction Chemicals Market’ states that India Construction Chemicals industry revenue stood at INR ~ Cr in FY’20 and recorded a CAGR of 8.5% throughout FY’15-FY’20. Growth in Urbanization and Development of Housing Projects, Augment in Smart Cities led to the growth for construction chemicals in India. Requirement for High Quality and Durable Products such as Admixtures for cements and waterproofing products have underwritten to the implementation of construction chemicals in the Country.
Comparative Landscape in India Construction Chemicals Market
The competition structure in India Construction Chemicals Industry is fragmented in nature, with the presence of a large number of small unorganized players providing low cost and low-quality products. The construction chemical companies were witnessed to compete on the basis of revenue, product specialization by application, end user industries served, construction chemical brands, product variety, product pricing and several others.
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India Construction Chemicals Market Segmentation
By Organized and Unorganized Construction Chemicals Market: Construction chemicals market is registered by organized players that have a wide-ranging product portfolio, around product segments. High Product Quality, International Certifications, Brand Image and Post purchase technical assistance are some of the causes why organized construction chemical companies are obtaining the preference. In the Organized sector, more than 50% of the companies have the annual revenues less than INR ~100 Cr.
By Type of Construction Chemicals (Concrete Additives, Waterproofing, Tile Adhesives, Flooring, Repair and Rehabilitation Chemicals, Sealants, Grouting chemicals and Coatings): Concrete admixtures registered the construction chemicals market of India, followed by Waterproofing, Tile adhesives and several others. Heaving Real Estate and Infrastructure construction market is important to the growth of the concrete admixtures market across India.
By Organized and Unorganized Concrete Additives: Concrete admixtures market of India is registered by the unorganized players (~60% by value), due to the large existence of small regional players in the market. The organized market is registered by foremost global players. High requirement for low cost products and greater commoditization of the segment has led to sustenance of the unorganized concrete additives players across India.
By Organized and Unorganized Waterproofing: The Indian waterproofing market is registered by the organized waterproofing players. Greater preference for superiority waterproofing product has led to the growth of the organized waterproofing market players in the country.
By Organized and Unorganized Tile Adhesives: Requirement for tile adhesives is majorly from the organized players in the Indian Market. Unorganized players deliver the comparatively lower superiority products.
Future Outlook
The construction chemicals market in India is projected to grow with the increasing Real Estate and Infrastructure Construction Industry. Over the forecast duration FY’20-FY’25, the India construction chemicals market revenue is further predicted to augment to INR ~ Cr by FY’25, thus presenting a CAGR of 10.0%. The Unorganized vs. Organized Market asymmetry will get more skewed, with the Organized Players slowly eating away the Unorganized Market’s share.
For More Information, refer to below link:-
India Construction Chemical Market Research Report
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