India Construction Chemical Market and Future Outlook 2016-2027-Demand by Product Type, End Use, Geography

India Construction Chemical Market and Future Outlook 2016-2027-Demand by Product Type, End Use, Geography

Executive Summary

Construction chemicals are used to improve construction materials' reliability, productivity, functionality, chemical resistance, and durability. The use of construction chemicals has expanded dramatically in India during the last decade as a result of increased infrastructure building operations.

The India Construction Chemical market recorded revenues of more than USD 1.0 Billion in 2017 and with rising demand for construction chemicals, despite a negative growth in 2020 the market is expected to record double digit growth during forecast period.

India's specialty chemicals sector accounts for ~% of the country's total chemical and petrochemical market. Rising demand from various end-user sectors, including as paints & coatings, real estate, agriculture, food processing, textile, automotive, and home and personal care, is driving the Indian Specialty Chemical market. Because of rigorous environmental laws and broad use in paints, coatings, specialty detergents, and other fields.

Flouro-surfactants, a type of surfactant used in paints and coatings, adhesives, waxes and polishes, and industrial cleaning solutions, have seen an upsurge in demand in recent years.

Economy of India

India is one of the fastest growing countries, with the fifth largest economy in the world. The Indian economy increased at 9.5% in 2021, despite a GDP growth rate of -7.3% in 2020. The World Bank estimates India's GDP to be USD 2.9 trillion in 2021. Infrastructure plays a critical role in pushing other industries and India's overall development, and as a result, it is a major source of income for the labour force, with construction employing over 16 percent of India's working population. The construction industry alone accounts for 7.16% of India's GDP.

Covid-19 Impact: The COVID-19 has caused a substantial slowdown in construction operations in India, which has had a significant influence on the market. According to the instructions, the Indian government put a halt on all construction activities and announced a strict lockdown across the country in April 2020. Furthermore, because to the impact of the Covid-19 epidemic on the building and infrastructure industries, demand declined in the first quarter of FY2021, but it began to rise in April 2021.

India Construction Chemical Market Segmentation

By Product Type: Admixtures, Flooring & Waterproofing agents, Adhesives & Sealants, Protective Coating, and Others make up the India Construction Chemical market by product. Admixtures hold a significant place in the industry. The market for admixture in India is booming because of increased urbanisation and the rapid growth of the building industry. Government efforts such as "Housing for All by 2022" have assisted the building industry's expansion.

By Type: In India, organized players dominate the construction chemicals market, with a healthy mix of domestic and multinational firms. Domestic companies like Pidilite tend to dominate the B2C market, while multinationals like Sika and Fosroc tend to dominate the B2B market. A large number of worldwide construction chemical companies have entered the industry in recent decades, resulting in a significant increase in their market share.

By End User: Due to rising demand for commercial buildings, bridges, highways, dams, and tunnels, the commercial and industrial segment dominates the Construction Chemical market in India. Furthermore, rising disposable income across the country, combined with rising population, is driving up demand for higher-quality public infrastructure.

By Region: North India now dominates the Indian construction chemicals market, accounting for more than one fourth of the market in 2021. In the coming years, the Indian government's increased investment in infrastructure projects will provide significant growth opportunities.

The primary states driving construction chemical demand in northern India are Punjab, Delhi, Haryana, and Uttar Pradesh. Master Builder Solutions opened a site in Nalagarh in the north. This factory will benefit other Master Builder Solutions building chemicals plants in the vicinity.

Scope of the Study

The following synopsis is based on the report "India Construction Chemical Market and Future Outlook 2016-2027 – Demand by Product Type, End Use, Geography" published by Makreo Research and Consulting. The report delves deeply into various parameters such as market size, segmentation, value chain analysis, and industry cause and effect analysis. The study includes market dynamics that provide an understanding of industry opportunities, driving forces, major challenges impeding growth, and an analysis of future opportunities that may help market players capitalise on untapped business potential in the specific geography.

India Construction Chemical Market Structure

By Product Type

Waterproofing

Adhesive & Sealants

Concrete Admixtures

Protective Coatings

Others

By Type

Organized

Unorganized

By End User

Commercial & Industrial

Residential

Others

By Region

Northern India

Southern India

Eastern India

Western India

Leading Players in the Indian Chemical Construction Market

Pidilite Industries Limited

SIKA India Private Limited

3M Co

DOW Chemical Company

BASF India Ltd.

Arkema Group

Chembond Chemicals Ltd.

W.R. Grace & Co.

Mapei

CHRYSO

The report helps reader to gain information on following areas:

What is the present state of Indian economy and what impact did COVID-19 left over the country?

How COVID-19 has disrupted the trade?

How construction chemicals market has performed in the past and what is the expected future of the industry?

What all factors are contributing in the Indian construction chemicals industry growth?

What opportunities are attracting foreign players in Indian chemicals market?

Which is the dominant product type in Indian construction chemicals industry (concrete admixture, waterproofing agents, Adhesives and sealants, Protective coating)?

What percentage of the Indian construction chemical market is organized?

How Indian construction chemical market is performing in different parts of the country?

Who are the dominant players in the Indian construction chemicals market?