- Construction sector had to bear the worst impact of COVID 19 as there was a major financial and manpower crunch in the market. This indirectly impacted the construction chemicals market adversely.
- The Concrete Admixtures market is anticipated to grow the fastest, with a CAGR of 11.7% during the forecast period FY’20-FY’25.
Adoption of Sustainable Products and Technological Advancements: The demand for products with features like longer durability, environment friendliness and anti-corrosion capabilities is increasing among consumers. In addition to this, stricter environmental regulations from governments are also driving the demand for greener solutions. This has motivated companies to opt for eco-friendly construction chemicals. The construction chemicals domain is highly cost-competitive in India.
Massive Potential in Commercial Construction Industry in India: Commercial construction activities are the major end users of construction chemicals in the country. Construction chemicals are mostly used in the commercial sector for good quality and sustainable construction practices, which include watertight concrete, fast construction, and durable hassle-free flooring solutions. The government of India’s commitment to increase spending on infrastructure and housing development will bode well for the expansion of the construction chemicals market in the country. The upcoming major commercial projects in the country are to present a huge growth potential for the construction chemicals in India.
Increasing investments in Research and Development: The leading construction chemical players in India are investing in research & development activities to achieve a competitive edge. Manufacturers need to work with construction industry experts and end users to develop new construction chemical products.
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 expected to grow further in the near future, with the growing residential and commercial construction. The market is expected to register a positive CAGR of 10.0% in terms of revenue during the forecast period ofFY’20-FY’25.
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
For More Information on the research report, refer to below link:-
India Construction Chemicals Market
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