Press release
Construction Chemicals Market is Projected to Reach a market value of US$ 21.6 Bn in 2031
Construction Chemicals Market 2022-2031
As per Persistence Market Research analysis, the India construction chemicals market is projected to reach a market value of US$ 21.6 Bn in 2031, expanding at an impressive CAGR of close to 14% over the forecast period of 2022-2031.
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Construction chemicals are usually added to construction materials in order to improve their strength, durability, workability, and other operational and functional properties, and encompass admixtures, water-proofing chemicals, adhesives and sealants, protective coatings, and asphalt additives. Increasing foreign direct investment in the country is expected to bolster the construction industry in India, especially infrastructure projects initiated by the government, thereby pushing demand for construction chemicals over the coming years.
Key Players:
The report has profiled some of the important players prevalent in the global like - Chembond Chemicals Limited, Master Builder Solutions, SIKA AG, The Dow Chemical Company, Pidilite Industries, Fosroc International, MAPEI Construction Products India Pvt. Ltd., Flowcrete India Ltd, etc and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Construction Chemicals Market.
Key Takeaways from India Construction Chemicals Market Study
In terms of regional growth, the north is expected to hold nearly one-third of market value share, and is expected to dominate over the coming assessment period as well. The southern and western regions do not lag far behind as far as demand is concerned.
Market share of waterproofing chemicals and plaster is high in the Indian market as compared to the developed world, while the share of concrete repair mortar, protective coatings, and asphalt additives is low.
Rising demand for infrastructure and development across states is projected to drive demand for construction chemicals, primarily for concrete admixtures.
Protective coating manufacturers are working on continuous cost-reduction initiatives in order to fuel adoption rates.
Increasing urbanization and government initiatives to develop rural areas, along with infrastructural development, are expected to drive demand for construction chemicals in the country over the coming years.
Global key players are strengthening their presence in India through regional expansions. A common trend seen is that they have set up production facilities and service footprints across India, especially in eastern and north-eastern parts of the country.
Infrastructure holds around 60% share in the market, when considering application areas.
Due to the COVID-19 outbreak, the construction industry in India came to a standstill. As such, the construction chemicals market in the country experienced a CAGR of -12.1% in 2020, with the growth rate set to get back to normal levels from 2021 onwards.
"The Indian construction chemicals market is highly fragmented, and hence, competitive in nature, with the presence of a large number of local players. Demand is anticipated to rise with growth in urbanization and metro cities' speedy construction projects in the country," says an analyst at Persistence Market Research.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Construction Chemicals Market Manufacturers
Construction Chemicals Market Distributors/Traders/Wholesalers
Construction Chemicals Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
If you have any special requirements, please let us know and we will offer you the report as you want.
Construction Chemicals Market - Report Highlights
A detailed overview of parent market of Construction Chemicals Market
Changing Construction Chemicals Market dynamics in the industry
In-depth segmentation of the Construction Chemicals Market
Historical, current, and projected Construction Chemicals Market size regarding volume and value
Recent industry trends and developments in Construction Chemicals Market
Competitive landscape of the Construction Chemicals Market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Construction Chemicals Market performance
Must-have information for Construction Chemicals Market players to sustain and enhance their market footprint
Key Questions Answered in the Construction Chemicals Market Report
How is the Construction Chemicals Market expected to grow over the projected period?
What direction is the Construction Chemicals Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Construction Chemicals Market in future?
What are the key market drivers in the Construction Chemicals Market?
What are significant opportunities and improvement areas for Construction Chemicals Market manufacturers?
What are the key developments and trends taking over the Construction Chemicals Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Construction Chemicals Market?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.
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About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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