Summary

The building chemicals market in India is expanding rapidly. Construction chemicals are being used more frequently in India as a result of new regulatory standards and mandated certifications such as the green building code, the use of ready-mix concrete in metro rail projects in more than 20 cities, and the product quality certificate issued by the Real Estate Regulatory Authority (RERA). The construction chemicals market is rapidly rising as the building sector expands to keep up with the increasing trend of urbanization. The market for construction chemicals will continue to rise rapidly as more people become aware of the benefits of employing these compounds, which fundamentally improve building qualities such as compressive durability, strength, and resistance to adverse working conditions. The Smart Cities Mission of the Indian government sought to build 100 smart cities across the country. These projects involved the development of infrastructure, such as roads, buildings, and utilities, which necessitated the use of a variety of construction chemicals to ensure durability and sustainability. The government's emphasis on strengthening the country's road infrastructure has resulted in a slew of highway construction projects. Construction chemicals are used in road and bridge construction and maintenance to extend the life and performance of these structures. Other infrastructure projects that contribute to the demand for construction chemicals include airports, ports, power plants, and irrigation projects. These chemicals are used for a variety of purposes, such as waterproofing, concrete admixtures, and corrosion protection.

According to the research report "India Construction Chemicals Market Overview, 2028," published by Bonafide Research, the India Construction Chemicals market is projected to grow with more than 13% CAGR from 2023 to 2028. Waterproofing, concrete admixtures, adhesives and sealants, protective coatings, grouts, and repair products are among the applications served by the Indian construction chemicals market. This variety reflects the building industry's diverse needs. The Indian construction chemicals market was seeing material and technology breakthroughs. This included the creation of cutting-edge additives, polymers, and nanotechnology-based products that improved the performance and longevity of building materials. In order to ensure that construction chemicals fulfilled the appropriate standards and specifications, quality control and certification systems were required. These standards were developed and enforced by regulatory organizations and industry associations. Infrastructure projects led by the government, such as roads, highways, bridges, airports, and metro rail systems, were important drivers of the construction chemicals business. For durability, safety, and sustainability, these projects required a variety of construction chemicals. Due to India's unique climate, which includes high heat, strong monsoon rains, and coastal locations prone to corrosion, construction chemicals for weather proofing, corrosion prevention, and water resistance were required. Construction chemicals play an important part in gaining green building certifications such as LEED and GRIHA in India, where there is a growing interest in sustainable construction practices.

Based on product type market is divided into concrete admixture, waterproofing chemicals, repair and rehabilitation, adhesives and sealants, industrial flooring, surface treatment, cement grinding aids, protective coatings and grout and anchor. Among them waterproofing chemical type is expected to grow at fastest rate in India construction chemicals market during the forecast period. India has a diversified climate, including a large monsoon season that provides considerable rain. Proper waterproofing is critical for preventing water damage to structures, such as seepage, leaks, and corrosion of building components. As a result, demand for waterproofing chemicals skyrockets during the monsoon season. India's rapid urbanization and infrastructure development have resulted in the construction of a diverse range of buildings and structures. Residential structures, business complexes, highways, bridges, and underground facilities are among the projects that require excellent waterproofing solutions. With the construction of high-rise buildings and apartment complexes, India's real estate market is experiencing rapid growth. Waterproofing solutions are critical for protecting these investments by avoiding dampness and mold growth caused by water. Waterproofing is becoming more important to consumers and property buyers in preserving the long-term value and quality of their assets. This increased awareness is driving up demand for waterproofing solutions in the residential real estate sector. Continuous R&D efforts have resulted in the creation of new waterproofing chemicals that provide better performance, simplicity of application, and longer durability. These developments are propelling the market forward.

The end-user of the market includes commercial, residential, industrial and infrastructure. Infrastructure industry is growing at significant pace in India construction chemicals market. The Indian government has initiated a number of ambitious infrastructure development programs, including the "Bharatmala Pariyojana" for road construction, the "Sagarmala" for port-led development, and the "Pradhan Mantri Awas Yojana" for affordable housing. These initiatives have resulted in increased investment in infrastructure projects across the country. The urban population in India is growing, necessitating the development of better urban infrastructure. Infrastructure growth has been spurred by the creation of smart cities, urban transit networks, and modern amenities. Foreign direct investment (FDI) has been drawn to Nigeria in a variety of areas, including infrastructure. International collaboration and investment have spurred infrastructure development. The development of ports and shipping infrastructure is critical for trade and commerce due to India's large coastline. This includes the development of new ports, terminals, and coastal infrastructure. The expansion of India's economy has raised demand for commercial and residential real estate, resulting in the construction of office buildings, shopping malls, and housing complexes, all of which necessitate extensive infrastructure support.

Considered in this report:
• Geography: India
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• India Construction Chemicals market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type:
• Concrete Admixture
• Waterproofing Chemicals
• Repair and Rehabilitation
• Adhesives and Sealants
• Industrial Flooring
• Surface Treatment
• Cement Grinding Aids
• Protective Coatings
• Grout and Anchor

By End-User Industry:
• Commercial
• Residential
• Industrial
• Infrastructure

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Construction Chemicals industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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