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

Overview

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

• Waterproofing  
• Adhesives and 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

Companies Covered