India Construction Chemicals Market Size Expands at Strong CAGR to Touch USD 5.63 Billion and 352.36 Million Metric Tons by 2030

Published | 24 June 2024

India Construction Chemicals Market is flourishing due to the governments’ increasing investments in housing schemes, rapid urbanization and residential constructions, and growing adoption of innovations and technological advancements in the building and construction sector.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India Construction Chemicals Market size by value at USD 3.47 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Construction Chemicals Market size to expand at a CAGR of 7.68% reaching a value of USD 5.63 billion by 2030. The Construction Chemicals Market in India is propelled by the increasing infrastructure development. Construction chemicals, essential for enhancing the performance and durability of building materials, are vital across the infrastructure, residential, and commercial sectors. Industry trends are shifting towards cost-effective and eco-friendly solutions, propelled by government support for green building practices.

By volume, BlueWeave estimated the India Construction Chemicals Market size at 298.13 million metric tons in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Construction Chemicals Market size by volume is projected to grow at a CAGR of 7.43% reaching the volume of 352.36 million metric tons by 2030. The 2019 Union Budget's emphasis on low VOC, high-quality waterproofing systems has accelerated this shift. With only 447 out of 2,362 registered buildings certified as green, there is significant growth potential, encouraging manufacturers to focus on sustainable construction, boosting the demand for construction chemicals.

Sample Request @ https://www.blueweaveconsulting.com/report/indian-construction-chemicals-market-bwc20006/report-sample

Opportunity – Smart Cities and Urban Planning

India's ambitious push to develop 100 smart cities is reshaping urban planning and significantly boosting the construction chemicals market. These smart cities incorporate advanced technologies to improve infrastructure, resource management, and quality of life. Key components like smart energy systems, efficient transportation, and robust communication networks drive the need for innovative construction solutions. Construction chemicals, such as admixtures, waterproofing agents, and protective coatings, are essential for building sustainable, durable, and high-performance structures. As India aligns with global standards for sustainable urbanization, these chemicals play a pivotal role in enhancing energy efficiency, extending the lifespan of buildings, and ensuring compliance with stringent safety regulations. Consequently, the smart city initiative is propelling the growth of the construction chemicals market, making it a cornerstone of modern urban development in India.

Impact of Escalating Geopolitical Tensions on India Construction Chemicals Market

Geopolitical tensions can have a multifaceted impact on the India Construction Chemicals Market by introducing uncertainties that affect investments and construction activities. Uncertain geopolitical conditions can lead to fluctuating material costs, supply chain disruptions, and economic instability, all of which influence the market dynamics. Investors and developers may delay projects or adopt cautious approaches, affecting the demand for construction chemicals. Moreover, heightened tensions can impact trade relations, potentially affecting imports of raw materials essential for manufacturing these chemicals. The market thus navigates challenges of increased costs, supply uncertainties, and strategic shifts in response to geopolitical developments impacting India's construction sector.

India Construction Chemicals Market

Segmental Coverage

India Construction Chemicals Market – By Type

By type, the India Construction Chemicals Market is divided into Admixtures, Surface Treatment, Concrete Repair, Industrial Flooring, Grouts & Anchors, Soil Stabilizer, and Waterproofing & Protective Coatings segments. The admixtures segment holds the highest share in the India Construction Chemicals Market by type. Concrete admixtures are additives incorporated into concrete either during or prior to mixing. These substances enhance the properties of cured concrete, thereby reducing construction costs and ensuring improved quality throughout mixing, transportation, placement, and curing processes. This capability equips users to effectively manage challenges encountered during concrete applications. The continuous advancement of chemical admixtures promises substantial enhancements in various construction sectors, from residential homes to large-scale commercial structures and skyscrapers. India's expanding construction industry is a key driver behind the significant growth observed in the market for concrete admixtures, thereby bolstering the broader India Construction Chemicals market.

India Construction Chemicals Market – By Region

Geographically, the India Construction Chemicals Market is divided into North India, South India, East India, and West India regions. The North India holds the highest share in the India Construction Chemicals Market and is expected to maintain its dominance over the forecast period. It can be attributed to the swift infrastructure development and rising government investment. Population growth and increasing disposable incomes are also boosting demand for these chemicals, especially in residential construction. These factors collectively propel the construction chemical industry’s growth in the region. Meanwhile, the East India is expected to witness the fastest growth market during the forecast period. It can be attributed to its durability and energy-efficient construction materials.

Competitive Landscape

The India Construction Chemicals Market is fragmented, with numerous players serving the market. The key players dominating the India Construction Chemicals Market include Ardex Group, Don Construction Products Ltd, ECMAS Group, Fosroc, Inc., MAPEI, Pidilite Industries Ltd, Saint-Gobain, Sika AG, The Dow Chemical Company, and Chembond Chemicals Limited. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market. 

Don’t miss the business opportunity of the India Construction Chemicals Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The report's in-depth analysis provides information about growth potential, upcoming trends, and the India Construction Chemicals Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Construction Chemicals Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

About Us

BlueWeave Consulting provides all-inclusive Market Intelligence (MI) Solutions to businesses regarding various products and services online & offline. We offer comprehensive market research reports by analyzing qualitative and quantitative data to boost your business solution's performance. BlueWeave has built its reputation by delivering quality inputs and nourishing long-lasting relationships with its clients. We are a promising digital MI solutions company providing agile assistance to make your business endeavors successful.

Contact Us:

BlueWeave Consulting & Research Pvt Ltd

+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662

info@blueweaveconsulting.com