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 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 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.
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: 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.
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.
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 capitalise on untapped business potential in the specific geography.
India Construction Chemical Market Structure
By Product Type
Adhesive & Sealants
By End User
Commercial & Industrial
Leading Players Covered
Pidilite Industries Limited
SIKA India Private Limited
DOW Chemical Company
BASF India Ltd.
Chembond Chemicals Ltd.
W.R. Grace & Co.
The report helps reader to gain information on following areas:
Table of Content
1. Research Methodology
Objective of the Study
Data Collection Methods
2. India EPTD Analysis
3. COVID-19 & Impact
COVID-19 Spread in India
Month on Month Change in Number of COVID-19 Cases
Impact of Covid over India Construction Chemical Market
Increasing Number of Residential Sector
4. Trade Performance
India Trade Performance: Pre Covid Scenario
India Trade Performance: Post Covid Scenario
India Trade Performance: Export 2021
India Trade Performance: Import 2021
5. India Construction Chemical Market Analysis and Future Forecast
India Construction Chemical Industry Structure
India Construction Chemical Market Overview
India Construction Chemical Market Revenue – Past and Present Performance
6. India Construction Chemical Market Segmentation
India Construction Chemical Market by Product Type Overview
India Construction Chemical Market : By Product Type – Concrete Admixtures
India Construction Chemical Market : By Product Type – Waterproofing
India Construction Chemical Market : By Product Type – Adhesive & Sealants
India Construction Chemical Market : By Product Type – Protective Coatings
India Construction Chemical Market by Type – Organized vs Unorganized Players
India Construction Chemical Market by End Use
India Construction Chemical Market by Region
7. India Specialty Chemical Market
India Speciality Chemical Market Structure
India Speciality Chemical Market Overview
India Speciality Chemical Market Performance
8. India Construction Chemical Market Future Outlook
India Construction Chemical Market Revenue – Future Performance
Factors to Drive the Industry in Future
9. India Construction Chemical Market - Competitive Landscape
10. India Construction Chemical Market - Mergers & Acquisition
Mergers & Acquisitions
11. India Construction Chemical Market - Company Profile
Company Profile – Pidilite Industries Limited
Company Profile – SIKA India Private Limited
Company Profile – 3M Co
Company Profile – DOW Chemical Company
Company Profile – BASF India Ltd
Company Profile – Arkema Group
Company Profile – Chembond Chemicals Ltd
Company Profile – W.R. Grace & Co.
Company Profile - Mapei
Company Profile – Others
12. India Construction Chemical Market - Macro Economic Factors
13. India Construction Chemical Market - Market Dynamics
India Construction Chemical Industry – Emerging Opportunities
India Construction Chemical Industry - Driving Forces
India Construction Chemical Industry – Restraints
14. Limitations of the Study