India Construction Chemicals Market to Expand Due to Rise in Construction and Renovation Activities and Increasing Foreign Investment

The report states that this market is witnessing exponential growth, but is still in a nascent stage. The rise in activities of infrastructure development, renovation of historical monuments, rising investments in residential and commercial housing, and construction of bridges, water retention structures, and other civil structures has consumed a substantial amount of construction chemicals all around India.


Albany NY, NY -- (SBWIRE) -- 10/27/2015 -- Market Research Reports Search Engine (MRRSE) has announced that its repository now features a report titled "Construction Chemicals Market: India Industry Analysis and Opportunity Assessment 2014 - 2020". The report, by Future Market Insights, forecasts that the construction chemicals market in India will register a striking CAGR of 17.0% from 2014 to 2020. This report presents a thorough evaluation of the state of the construction chemicals market in India and evaluates all the parameters related to this market.

The report incorporates a number of market dynamics including market trends, drivers, inhibitors, and opportunities prominent within the construction chemicals market in India. As per the report, the prime trends in the market include the penetration of new market players, adoption of cutting-edge technologies and sustainable products, and rising investment in research and development by market players.

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Factors such as increasing foreign investments, promotion of the 'Green Revolution' concept via the formulation of certain regulations formed by the government, and the increasing shift towards using ready-mix concrete (RMC) are amongst the major factors fuelling the India construction chemicals market. On the other hand, factors such as the absence of skilled workers, fluctuating prices of raw materials, and ignorance of infrastructure developers about implementing quality standards are amongst the prime factors that may inhibit the growth of the market in the coming years.

As per the report, on the basis of type, the construction chemicals market in India is segmented into flooring chemicals, adhesives and sealants, water proofing compounds, repair and rehabilitation, admixtures, and others. Amongst these, by 2020, the segments of admixtures and adhesive and sealants together will constitute a share of 61.2% in the India construction chemicals market. On the basis of end use, the market is segmented into the residential and commercial, and infrastructure sector. Amongst these, the infrastructure sector is poised to expand at a whopping 18.30% CAGR from 2014 to 2020.

As per the report, in terms of geography, the construction chemicals market in India is segmented into the northern region, western region, southern region, and eastern region. Amongst these, the northern region is predicted to grow at the most expeditious rate. The southern region, comprising Andhra Pradesh, Kerala, Tamil Nadu, and Karnataka, is able to attract substantial investments from IT services and manufacturing companies.

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The prime players covered in this study are Pidilite, Apple Chemie, BASF SE Chemicals, Chembond Chemicals, CICO Technologies, SIKA (India), Perma Chemicals, FOSROC, Mapei India, and Fairmate Chemicals, amongst others.

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