Dublin, Sept. 05, 2024 (GLOBE NEWSWIRE) -- The "India Construction Chemicals Market, By Region, Competition, Forecast and Opportunities, 2020-2030F" report has been added to ResearchAndMarkets.com's offering.
India Construction Chemicals Market was valued at USD 3.76 Billion in 2024 and is expected to reach USD 5.17 Billion by 2030 with a CAGR of 5.64%
Construction chemicals are essential for improving both the performance and durability of building materials and structures. This category encompasses various products, including adhesives and sealants, which are used for bonding and sealing applications within construction. Concrete admixtures are another critical component, as they modify the properties of concrete through additives like water reducers, retarders, and accelerators. Additionally, protective coatings play a significant role in shielding surfaces from environmental damage and wear. Repair and maintenance chemicals, such as epoxy resins and grouts, are crucial for restoring and maintaining the integrity of construction structures. 
The demand for construction chemicals is driven by several factors. Government projects, such as the Pradhan Mantri Awas Yojana (PMAY) and infrastructure development initiatives under schemes like the PM Gatishakti National Master Plan (NMP), are significantly boosting the need for these products. The emphasis on smart cities and modern infrastructure is further accelerating the demand for high-performance construction chemicals.
Market dynamics are affected by fluctuations in raw material prices, including polymers and additives, which can impact profit margins. A notable trend is the growing emphasis on eco-friendly and sustainable construction chemicals. Green building materials and low-VOC products are increasingly gaining traction, reflecting a broader commitment to environmental sustainability. Innovations such as smart or responsive chemicals that adapt to environmental conditions are becoming more prevalent, alongside the increased use of digital tools in manufacturing and application processes.
The influx of foreign direct investment (FDI) into the Indian construction sector is also contributing to the growth of the market for construction chemicals. The development and use of nanomaterials are enhancing key properties like durability, strength, and resistance to environmental factors. These materials also feature self-repairing capabilities, reducing maintenance needs and extending the lifespan of structures. The rise of digital platforms for marketing, customer engagement, and education is improving product awareness and driving adoption. Companies that focus on sustainability, innovation, and customer-centric approaches are likely to excel in this evolving landscape.
Increased Demand for Sustainable Solutions
There is a growing demand for construction chemicals with low or zero volatile organic compounds (VOCs) due to their benefits for indoor air quality and environmental impact.
Sustainable construction chemicals are designed for greater durability and longevity, reducing the need for frequent maintenance and replacements, which supports overall sustainability. In 2024, Nuvoco Vistas Corp. Ltd., launched Concreto Uno - Hydrophobic Concrete. This innovative concrete, featuring a unique blend of admixtures and a specialized mix design, reduces permeability and enhances strength and durability, extending the lifespan of structures.
Products that improve thermal insulation, like energy-efficient coatings and sealants, are becoming more popular for their role in reducing energy consumption in buildings. Reflective and cool coatings that lower heat absorption is also gaining traction. Offering sustainable construction chemicals allows companies to stand out in the market by appealing to environmentally conscious consumers and differentiating themselves from competitors. The growing emphasis on sustainable solutions in the construction chemicals market signifies a broader shift towards environmentally responsible practices.
Regional Insights
Based on Region, North India emerged as the dominant region in the Indian market for Construction Chemicals in 2024. North India, home to major urban centers like Delhi NCR, sees a high volume of residential, commercial, and infrastructure projects. Rapid urbanization and expansion in these areas drive significant demand for construction chemicals. The region is marked by substantial infrastructure projects, such as highways, metro systems, and major commercial developments, which increases the need for a variety of construction chemicals.
Numerous government initiatives and investments in infrastructure development support projects like new metro lines, expressways, and smart city initiatives, all of which require diverse construction chemicals. North India's higher budget allocations for infrastructure contribute to increased spending on these chemicals. Additionally, the region's rapid economic growth and significant commercial investments further drive the need for construction chemicals in office buildings, shopping malls, and other commercial spaces.
In 2023, Xypex Chemical Corporation, a Vancouver-based company known for its crystalline concrete waterproofing solutions, announced a significant expansion in the Asian market with the launch of a new production facility in Greater Noida, Uttar Pradesh. The ongoing urbanization and population growth in North Indian cities generate strong demand for new residential construction and related construction chemicals. Efforts to develop smart cities in the region also heighten the need for advanced construction chemicals that support innovative and sustainable building practices. The prevalence of large-scale projects, including new transportation networks and extensive residential complexes, amplifies the demand for construction chemicals.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 85 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $3.76 Billion |
| Forecasted Market Value (USD) by 2030 | $5.17 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | India |
Report Scope:
Key Market Players
- Sika India Pvt. Ltd.
- Pidilite Industries Ltd.
- MAPEI Construction Products India Pvt. Ltd.
- Tremco CPG (India) Private Limited
- Polygon Chemicals Private Limited
- Ruia Chemicals Pvt. Ltd.
- Chembond Chemicals Limited
- Cera-Chem Private Limited
- Choksey Chemicals Pvt. Ltd.
- CICO Group
India Construction Chemicals Market, By Product Type:
- Concrete Admixtures
- Waterproof Chemicals
- Flooring Resins
- Protective Coatings
- Adhesives
- Sealants
- Others
India Construction Chemicals Market, By End Use:
- Commercial & Industrial
- Residential
India Construction Chemicals Market, By Region:
- West India
- North India
- South India
- East India
For more information about this report visit https://www.researchandmarkets.com/r/muzv8p
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