Executive Summary
The India Construction Chemicals Market is 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 negative growth in 2020, the market is expected to record double-digit growth during the 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 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.
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 labor 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: 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 of 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 urbanization 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 Firm. 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 capitalize on untapped business potential in the specific geography.
India Construction Chemical Market Structure
By Product Type
By Type
By End User
By Region
Leading Players Covered
The report helps the reader to gain information on the following areas:
What is the present state of the Indian economy and what impact did COVID-19 leave 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?
Table of Content
Report Synopsis
Industry Overview
1. Research Methodology
1.1 Objective of the Study
1.2 Research Process
1.3 Data Collection Methods
1.4 Analytical Framework
2. India EPTD Analysis
2.1 Economic Overview
2.2 Political Overview
2.3 Technological Overview
2.4 Demography Overview
3. COVID-19 & Impact
3.1 COVID-19 Spread in India
3.2 Month on Month Change in Number of COVID-19 Cases
3.3 Impact of Covid over India Construction Chemical Market
3.4 Increasing Number of Residential Sector
4. Trade Performance
4.1 India Trade Performance: Pre Covid Scenario
4.2 India Trade Performance: Post Covid Scenario
4.3 India Trade Performance: Export 2021
4.4 India Trade Performance: Import 2021
5. India Construction Chemical Market Analysis and Future Forecast
5.1 India Construction Chemical Industry Structure
5.2 India Construction Chemical Market Overview
5.3 India Construction Chemical Market Revenue – Past and Present Performance
6. India Construction Chemical Market Segmentation
6.1 India Construction Chemical Market by Product Type Overview
6.2 India Construction Chemical Market: By Product Type – Concrete Admixtures
6.3 India Construction Chemical Market: By Product Type – Waterproofing
6.4 India Construction Chemical Market: By Product Type – Adhesive & Sealants
6.5 India Construction Chemical Market: By Product Type – Protective Coatings
6.6 India Construction Chemical Market by Type – Organized vs Unorganized Players
6.7 India Construction Chemical Market by End Use
6.8 India Construction Chemical Market by Region
7. India Specialty Chemical Market
7.1 India Specialty Chemical Market Structure
7.2 India Specialty Chemical Market Overview
7.3 India Specialty Chemical Market Performance
8. India Construction Chemical Market Future Outlook
8.1 India Construction Chemical Market Revenue – Future Performance
8.2 Factors to Drive the Industry in Future
9. India Construction Chemical Market - Competitive Landscape
9.1 Competitive Landscape
10. India Construction Chemical Market - Mergers & Acquisition
10.1 Mergers & Acquisitions
11. India Construction Chemical Market - Company Profile
11.1 Company Profile – Pidilite Industries Limited
11.2 Company Profile – SIKA India Private Limited
11.3 Company Profile – 3M Co
11.4 Company Profile – DOW Chemical Company
11.5 Company Profile – BASF India Ltd
11.6 Company Profile – Arkema Group
11.7 Company Profile – Chembond Chemicals Ltd
11.8 Company Profile – W.R. Grace & Co.
11.9 Company Profile - Mapei
11.10 Company Profile – Others
12. India Construction Chemical Market - Macro Economic Factors
13. India Construction Chemical Market - Market Dynamics
13.1 India Construction Chemical Industry – Emerging Opportunities
13.2 India Construction Chemical Industry - Driving Forces
13.3 India Construction Chemical Industry – Restraints
14. Limitations of the Study