Press release
India Construction Chemical Market will possibly to Surpass a Value of US$ 1,890 Mn by 2020
Click to View Complete Report @ https://www.futuremarketinsights.com/reports/india-construction-chemical-market
Construction chemicals are added to construction materials in order to improve their workability, performance, functionality, chemical resistance and durability. Utilisation of construction chemicals has witnessed significant growth over the past decade due to increasing infrastructure development activities in developing economies.
Some major trends in India construction chemical market are increase in investment in R&D, entry of new players, adoption of sustainable products and technological advancements. Asian region is turning out to be focus point for most of the major construction chemicals companies for investment in R&D. Rising construction of new buildings and renovation activities across India is expected to boost the overall demand for construction chemicals in the near future.
From regional perspective, India construction chemical market is segmented into northern region, eastern region, western region and southern region. Currently, northern region is expected to experience highest CAGR of 17.8% as compared to other regions. Southern region is likely to create an opportunity which is three times the value in 2013. The southern region comprises the states of Tamil Nadu, Andhra Pradesh, Karnataka and Kerala. This region realises the potential of IT services and hence are able to attract significant investment from these service and manufacturing companies. Chemical and engineering industries are the main drivers of growth in western region particularly in Maharashtra and Gujarat.
Key market participants covered in the report include BASF India, Pidilite, Sika India Pvt. Ltd., Forsoc Chemicals (India) Ltd., Chembond Chemicals and CICO Technologies
Report Overview, with TOC @ https://www.futuremarketinsights.com/reports/india-construction-chemical-market/toc
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