Construction Chemicals Manufacturers in India- Ken Research
The Indian Construction chemicals market which is currently around INR 7000 Cr market is expected to being a staggering around INR 11000 Cr industry by 2025, as per findings released by Ken Research.
Massive infrastructure development push & growing per capita consumption combined with a search for green solutions are major pull factors for growth in India construction chemicals industry. This mark is expected to witness a growth of around 9% in the coming 5 years.
1. “Surged demand in certain regions:” Construction Chemicals demand is estimated to be the highest in the North Zone and Central Zone (45%), followed by the South Zone (20%)
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Major development, especially in Northern & Central India is anticipated to trigger the growth of construction chemical industry. The region alone contributed 45% of construction chemical demand in the country in 2020. ~140 Infrastructure & Real Estate Developers such as Alhuwalia, GMR, HUDCO, & other were registered in Delhi NCR region as of 2020. On the other hand, a demand of ~20% in terms of construction were generated by the western region in 2018-19. With Maharashtra & Gujarat together having 16 out of 100 smart cities, the region holds massive potential for industry development.
2. Real Estate in focus Enhancing Investment for Real Estate Development a Priority for the Government; poised to indirectly boost demand in the Construction Chemicals Market
Indian Real Estate market is expected to increase at a CAGR of ~23% during 2017-2030. It is expected to contribute 13% of India’s GDP by 2025. The growth is anticipated to be triggered by various GOI policies such as Real Estate regulatory act (RERA), Benami transactions act, boost to affordable housing construction & interest subsidy to home buyers. Under the housing development program, the govt. has chosen 100 smart cities and prepared projects worth $30 Bn more over projects worth $20 Bn to almost completion. Govt. is also working on enhancing connectivity by working on metro Rail in 27 cities and plans to lay 1,000 Km of metro rail network by 2022. As per Housing for All Program, it plans to deliver 10 Mn to families in Urban Areas before 2022. Furthermore, the government is planning to allow Limited Liability Partnership to attract investment in construction of road, hotel, hospital and townships & to boost the logistics corridors as well. All in all, a major boost to the construction chemical industry is expected from the real estate sector in the upcoming 5 years.
3. “A bright future for the industry:” Construction Chemicals Industry is going to witness a healthy growth of its end user Industries, which reduces demand uncertainty in the medium to long term
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The future growth rate of construction chemical industry is expected to be a steady but consistent one. A major push will be received via projects in hospitality, residential, commercial & infrastructure segments. Furthermore, New Innovations such as Multipurpose & Hybrid Coating, eco-friendly products for instance Nano-Coating, Green Coating for fire protection and anti-corrasion are anticipated to fuel the sales. Global Companies have already increased their presence by opening new manufacturing plants for instance BASF opened 6th Plant in India, Fosroc and Arkema inaugurated their new plants as well. All in all, even though the industry is currently is at a nascent stage currently, it is expected to register strong growth in upcoming years.
For more insights on the market intelligence, refer to the link below:-
India Construction Chemicals Market
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