The report provides a comprehensive analysis of the potential of Construction Chemicals Industry in India. The report covers an overview and genesis of the industry, market size in terms of revenue generated.
The report has market segmentation which include segments by Revenue (Organized, Unorganized), by Categories (Concrete Admixtures, Waterproofing, Sealants & Tile Adhesives, Flooring, Repair & Rehabilitation, Grouting Chemicals & Others, Coatings, Others), by End-User (Infrastructure, Residential, Commercial), by Region (North, South, East, West), growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview:
According to Report Ocean estimates, the Market Size of India Construction Chemicals has shown increasing trend from 2017 to 2022. However, drop was observed in 2020. This is owing to fear and social distance among service providers during pandemic. Market Size of Construction Chemicals market is expected to show a decent growth trajectory from 2022 to 2028 at CAGR of $%. This is mainly due to rapid infrastructural development which has led to services being able to reach previously un-accessible regions.
The boost in market growth of Construction Chemicals in India has been supported by the rising urbanization and government measures to revitalize rural areas, as well as infrastructural development.
New Innovations such as Multipurpose & Hybrid Coating, eco-friendly products for instance Nano-Coating, Green Coating for fire protection and anti-corrosion fueled the sales.
Key Trends by Market Segment:
By Revenue: Organized Market dominated the trade scenario in 2022 capturing more than half of the share.
By End-User: Infrastructure captured a major chunk of the market with more than half share.
Competitive Landscape:
Future Outlook:
Market Size of India Construction Chemicals Market is expected to show increasing trend from 2021 to 2026. This is owing to a booming construction sector, government aid alongside M&A activities which has resulted in increasing sales. Moreover, a huge number of market players have resulted in increasing competition leading to product innovation & development.