Top Rated Report: India Construction Chemical Market Analysis & Opportunity Assessment, 2014 – 2020

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The report defines and segments the India construction chemical market into adhesives and sealants, admixtures, water proofing chemicals, rehabilitation, repair, and others. It predicts significant growth for each of the individual market segments, except for rehabilitation and repair owing to the lack of propensity among local residents to spend on maintenance. However

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the market as a single unit is expected to register an exceptionally high rate of growth at 17% CAGR between 2014 and 2020.
Favorable government regulations and emerging concepts of green buildings will magnify the demand for construction chemicals in India. However, the lack of awareness and high cost of products might appear as inhibitions to growth. Nevertheless, factors such as increased investment on infrastructural development, construction and maintenance in residential and non-residential sectors, and encouraging FDI policies are expected to drive the demand in the construction chemical market in India during the forecast period from 2014 to 2020. The market will also benefit from the influx of new products in adhesives and sealants, admixtures, and water proofing chemical segments, initiated by key players such as Pidilite, SIKA, and BASF.

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Some of the key players operating in the market are Pidilite, CICO Technologies, FOSROC, Apple Chemie, Chembond Chemicals, Perma Chemicals, Mapei India, BASF SE Chemicals, SIKA (India), and Fairmate Chemicals.
Among the different segments, admixture represents remarkable growth potential followed by the segment of adhesives and sealants. The demand for water proofing chemicals is also expected to rise reasonably over the forecast period.
The India construction chemical market is highly competitive, with a handful of leading companies accounting for the lion’s share of the market revenue. However, the market is expected to move towards consolidation in the next couple of years. This is ascribed to the increasing demand for quality products in the construction industry.

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