India Construction Chemicals Market

2021 Analysis and Review: India Construction Chemicals by Application – Infrastructure, Commercial and Industrial, and Residential for 2021 – 2031

Key Highlights from Report

  • Which Is the Highest Grossing Construction Chemicals Market in India?  

    North India currently holds dominance, accounting for over 30% of the India construction chemicals market in 2021. Rising investment in infrastructure projects from the Indian government is creating significant growth opportunities for the years ahead. North India market is expected grow at a CAGR of 13.6% during the forecast period.

  • Which Application is Generating Maximum Demand for Construction Chemicals in India?

    Infrastructural applications account for more than 63% of the India construction chemicals market. Rising investments and adoption of governmental initiatives such as “Make in India” and “Pradhan Mantri Awas Yojna” support infrastructural and industrial development, in turn creating long-term growth opportunities for construction chemicals market.

  • Which are Some of the Leading Companies Offering Constructional Chemicals in India?

    Some of the leading companies in this landscape are Pidilite Industries, Master Builder Solutions, Sika India, Kerakoll, Mapei, Ardex Endura, MYK Laticrate, Dow Inc., Saint-Gobain, Chembond Chemicals Ltd. This are the top 10 players who account for more than 27% of the overall market share.

  • Which is the Top-Selling Type of Construction Chemicals?

    Waterproofing chemicals segment is expected to reach a valuation of US$ 7,446.8 Mn by 2031 end, rising at an impressive CAGR of over 14%. Demand is expected to remain high in the near future, especially due to increasing usage across applications in polymer modified cementitious composites, water proofing concrete, polysulphide sealants, butyl and acrylic sealants, and  elastomeric polyurethane.

Key Points Covered in India Construction Chemicals Market Study

  • Market estimates and forecast 2015-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Construction Chemicals Market in India and How to Navigate
  • Recommendation on Key Winning Strategies

2016-2020 India Construction Chemicals Market Outlook Compared to 2021-2031 Forecast

The construction industry is one of the fastest growing sectors in India. Growth in number of infrastructural projects and the resultant rise in spending across all states in the country is thrusting the demand for construction chemicals in the country. Rising government initiatives such as Smart City, Make in India, and Housing for All, amongst others are creating significant opportunities which will boost the sales of construction chemicals in India.

In its latest report, Future Market Insights, provides insights into key factors driving demand for construction chemicals in India. The report evaluates impact COVID-19 has had on the construction industry in general, and India’s construction chemicals market in particular.

Construction chemicals play a crucial role in increasing the GDP of a country. According to Future Market Insights, construction chemicals market has grown at a rate of 5% during 2016-2020. Construction chemicals are hindered here owing to a lack of awareness.

Moreover, the growth rate took a hit due to the impact of COVID 19 on the industry. The COVID-19 pandemic has had a drastic impact on the global economy at various levels with the construction industry hurt from lockdown restrictions.

Construction chemicals also saw a major drop in demand in 2020, given the nation-wide and local level lockdown situations, which impacted sales and project completions. Also, supply issues and shortage in demand were predicted to result in a significant drop in Y-O-Y growth.

The recovery of construction chemicals industry through 2021 is anticipated with the gradual relaxation of regulations, and the investments being made by governments towards infrastructure development in the country.

With growing awareness and governmental initiatives towards recovery of various sectors of economy, Future market insights expects that the construction chemicals market in India will expand at CAGR of 13.6% through 2031.

What is the Commercial Potential of Construction Chemicals Market in India?

Increasing spending in the construction industry by the government of India has created significant opportunities for growth in the country. These opportunities are primarily created due to expansion of infrastructure and commercial construction activities.

Manufacturers can leverage these opportunities by innovating new products including watertight concrete, high strength, reliable, and hassle-free floor concepts. Admixture concretes are majorly used to cater the demand created from infrastructural and commercial construction activities.

Why is Research and Development Key to Market Growth?

Leading players in the India construction chemicals market are engaged in research and development strategies. In order to cater the increasing demand created and register maximum incremental $ opportunity, construction chemicals manufacturers are working with construction industry experts and end users.

This will help manufacturers to understand the exact needs, requirements and demand of the products. Research and development facilities of key manufacturers will result in a wider product portfolio as per demand requirements to gain maximum dollar opportunities.

Moreover, manufacturer often intensify their positions in the emerging regions coupled with long-term partnerships with end-users to expand potential revenue streams.

Region Wise Insights

Why Does North India Holds Leading Market Share?

North India accounts for more than 31% of the market in the construction chemical market of India. Rapid development in infrastructure coupled with increased governmental spending in the country are the factors driving the region’s construction chemical industry.

Also, relatively faster population growth and a rise in disposable incomes of the population across the region is creating significant demand for construction chemicals for residential constructional activities across the region.

Manufacturers are investing in expansion of production capacity across the region. For instance, Master Builder Solution installed a construction chemical plant in Nalagarh. Some of the rapidly growing states of the region are Punjab, Delhi, Haryana, and Uttar Pradesh.

How is Demand for Construction Chemicals Faring in Eastern India?

A significant rise in demand has been witnessed in Eastern India and the region is expected to continue this growth trend during the forecast period. East India is expected to grow at a CAGR of over 13% through the end of 2031. This growth rate can be attributed to an increase in infrastructural activities, especially in areas such as West Bengal, Jharkhand, and Bihar.

Eastern India is creating noteworthy demand. Master Builder Solutions announced the expansion of its sixth production plant in India which manufactures concrete admixtures.

How Large is the Opportunity in Western India?

The western region of India is generating ample opportunities for durable and energy efficient construction materials. The western region is expected to create incremental $ opportunity of around US$ 4.3 Bn by the end of 2031.

Manufacturers here, are engaged in research and development activities to innovate as per end user requirements. Moreover, various government initiatives such as smart cities and investments on urban areas such as Kharagpur is driving the demand for construction chemicals in Western India.

Additionally, increasing levels of foreign direct investment is anticipated to create key opportunities for the industry over the coming years.

Is South India a Lucrative market for Construction Chemicals?

South India includes the states of Tamil Nadu, Karnataka, Andhra Pradesh, and Kerala. The region has displayed great potential in IT services and significant opportunities have been created from IT services for construction facilities.

Commercial construction is one of the leading industrial segments in the region and it accounts for more than 25% of the regional market. Commercial construction especially in cities such as Bengaluru, Chennai, and Hyderabad is a major driver of region’s construction chemical business.

Category wise Insights

What’s the Market Share of Concrete Admixtures?

According to research conducted by Future Market Insights, concrete admixtures are anticipated to hold more than 15% of the India construction chemicals market. The wide range of applications of concrete admixtures in non-metallic materials of construction will drive growth for the foreseeable future.

Why Does Waterproofing Hold a Maximum Share of Construction Chemicals in India?

Waterproofing applications are key to revenue generation in the construction chemicals industry. It accounts for approximately 35% of the market share.

Waterproofing products are expected to continue their dominance over the forecast period as they play crucial role in stopping the water leaks, which is very important for modern construction projects.

Why are Infrastructure Projects Key to Demand Generation?

Infrastructural applications hold more than 63% of the India construction chemicals market. Rising investments and governmental initiatives such as “Make in India”, “Pradhan Mantri Awas Yojna” and “Home for All” are aimed towards infrastructural and industrial development of the country.

Competitive Landscape

The biggest challenge for construction chemical manufacturers in India in recent years has been product pricing. Manufacturers have low profit margins since major contractors prefer low-cost chemicals.

Construction chemicals can be subcategorized on the basis of value. High-value products have limited demand, which are mostly used in premium construction projects. Some contractors in the construction industry are still not wholly aware about the benefits of various construction chemicals, and consequently, tend to use substitutes at low costs.

Suppliers of construction chemicals are focusing on acquisitions and regional expansion to establish a stronger foothold across the nation. For instance:

  • In June 2021, JSW Group announced the amalgamation of its steel and cement businesses in India through Aikyam the company’s technology platform for common access to large project divisions.
  • In May 2021, Kamdhenu Group announced its estimates of reaching 1000 crores from its paints section alone in the next five years with a separation of the segment, in line with the demand arising from new housing projects in the country.
  • Praj Industries a leading biotech company in India unveiled an innovative technology to produce bio-bitumen based out of lignin as a part of the company’s flagship CHAPLIN Program for construction sector applications.

Some of the leading companies operating in the market are:

  • 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
  • CICO Technologies Limited
  • MYK LATICRETE India
  • Ardex Endura
  • KERAKOLL India Pvt. Ltd
  • Akzo Nobel NV
  • RPM International Inc.
  • Saint-Gobain S.A.
  • W. R. Grace & Co.-Conn
  • MC-Bauchemie
  • Magicrete
  • Balmer Lawrie & Co. Ltd
  • Cera-Chem Pvt. Ltd
  • Choksey Chemicals Private Limited
  • GCP Applied Technologies

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.

Scope of the Report

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

USD Million for Value and Units for Volume

Key Regions Covered

India, North, East, South, and West

Key Segments Covered

Product, Application, and Region

Key Companies Profiled

  • 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
  • CICO Technologies Limited
  • MYK LATICRETE India
  • Ardex Endura
  • KERAKOLL India Pvt. Ltd
  •  Akzo Nobel NV
  • RPM International Inc.
  • Saint-Gobain S.A.
  •  W. R. Grace & Co.-Conn
  • MC-Bauchemie
  • Magicrete
  • Balmer Lawrie & Co. Ltd
  • Cera-Chem Pvt. Ltd
  • Choksey Chemicals Private Limited
  • GCP Applied Technologies

Report Coverage

Market Forecasts, Brand Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

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  • Is this research conducted by Future Market Insights?

    Yes, the research has been conducted by expert analysts of Future Market Insights, through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

  • What research methodology is followed by Future Market Insights?

    Future Market Insights follows a methodology that encompasses the demand-side assessment of the market and triangulates the same through supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions. Request a detailed methodology.

  • Who are the respondents for primary research?

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  • What are the sources of secondary research?

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Key Segments

By Product Type:

  • Concrete Admixtures
    • Plasticizers (lingo, SNF, PCE)
    • Accelerators
    • Retarders
    • Air Enterainers
  • Waterproofing Chemicals
    • Bitumen
    • PVC
    • EPDM
    • TPO
    • PTFE
    • Silicone
    • Acrylic Polymers
    • SBR - Styrene-butadiene
    • Cementitious Membrane
    • PU Membrane – Liquid-applied Membrane
    • Crystalline
    • Additives in Waterproofing
  • Protective Coatings
    • Epoxy
    • Polyurethane
    • Acrylic
    • Alkyd
    • Polyester
    • Others
  • Adhesives & Sealants
    • Adhesives
      • Tile Adhesives
        • Cementitious
        • Epoxy
      • Tile Grouts
        • Cementitious
        • Epoxy
      • Masonry Mortar
    • Sealants
      • Silicone
      • MS Hybrid
      • PU
      • Weatherproof Silicone
      • Polysulfide
  • Concrete Repair Mortar
    • Cement-based
    • Epoxy-based
    • Micro Concrete
  •  Plaster
    • Cement-based
    • Gypsum-based
  • Asphalt Additives

 By Application:

  • Infrastructure
  • Commercial & Industrial
  • Residential

By Region:

  • North
  • South
  • East
  • West

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