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India Construction Chemicals Market Size

The India Construction Chemicals Market is poised for significant growth, with its market size expected to expand substantially over the forecast period. As a leading market globally in terms of growth and profitability, the sector is driven by increased construction activities and substantial investments in real estate and infrastructure. The commercial sector leads in demand due to its financial backing, while the residential sector follows closely, fueled by the country's population and the need for waterproofing solutions. Government initiatives and a conducive business environment further enhance the market's expansion prospects in both sectors.

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Market Size of india construction chemicals Industry

India Construction Chemicals Market Summary
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svg icon Study Period 2018 - 2030
svg icon Market Size (2024) USD 3.30 Billion
svg icon Market Size (2030) USD 5.02 Billion
svg icon Largest Share by End Use Sector Commercial
svg icon CAGR (2024 - 2030) 7.24 %
svg icon Fastest Growing by End Use Sector Residential
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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India Construction Chemicals Market Analysis

The India Construction Chemicals Market size is estimated at 3.30 billion USD in 2024, and is expected to reach 5.02 billion USD by 2030, growing at a CAGR of 7.24% during the forecast period (2024-2030).

3.30 Billion

Market Size in 2024 (USD)

5.02 Billion

Market Size in 2030 (USD)

4.46 %

CAGR (2018-2023)

7.24 %

CAGR (2024-2030)

Largest Market by Product

35.68 %

value share, Waterproofing Solutions, 2023

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Waterproofing solutions hold the largest share due to widespread applications of waterproofing, such as roofings, walls, basements, water tank linings, bridge decks, etc., from the industrial and commercial sectors.

Fastest Market by Product

8.24 %

Projected CAGR, Surface Treatment Chemicals, 2024-2030

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Ease of application, low VOC content, and low-cost alternatives to concrete admixtures make them an ideal choice to protect concrete surfaces, and the surface treatment chemical segment is likely to witness the fastest growth.

Largest Market by End Use Sector

27.28 %

value share, Commercial, 2023

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Due to the growing usage of construction chemicals, coupled with the increasing construction activities in the Indian commercial sector, the segment has occupied the largest share of the market.

Fastest Market by End Use Sector

7.74 %

Projected CAGR, Residential, 2024-2030

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Supportive government policies to promote housing constructions, along with increasing awareness toward durability, safety, and quality of structure, are likely to support the growth of the residential sector in the coming years.

Leading Company

6.65 %

market share, Sika AG, 2022

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The company's broad range of high-quality products, well-established network in the country, robust supply chain, and strategic expansions and acquisitions in the construction industry make it a major player in the market.

The commercial and residential sectors are leading the growth of the construction chemicals market in India

  • India's construction chemicals market ranks third globally in profitability and is the leader in terms of growth. In 2022, the market surged by 6.97% in value, driven by increased construction activity and spending across several sectors. The market was projected to maintain its upward trajectory in 2023, with a 6.9% increase owing to robust real estate and infrastructure developments.
  • The commercial sector dominates the demand for construction chemicals, given its funding sources, be it government or private entities. This financial backing makes investing in construction chemicals more accessible in commercial projects compared to residential or other building types. Moreover, commercial buildings, known for their higher densities and intricate designs, necessitate a wider range of construction chemicals.
  • The residential sector follows closely as the second most lucrative sector for construction chemicals. India's status as the world's most populous nation translates into a significant number of residential buildings, driving up demand and market value. Additionally, the sector's consistent demand for waterproofing solutions further bolsters its significance.
  • The market’s value in the residential and commercial sectors is estimated to rise at similar and faster rates than the rest, recording CAGRs of 7.9% and 7.4% during the forecast period (2023-2030). These growth rates are estimated to be propelled by government initiatives, such as housing unit construction drives, and a business-friendly environment attracting both domestic and foreign investments.
India Construction Chemicals Market

India Construction Chemicals Industry Segmentation

Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Adhesives, Anchors and Grouts, Concrete Admixtures, Concrete Protective Coatings, Flooring Resins, Repair and Rehabilitation Chemicals, Sealants, Surface Treatment Chemicals, Waterproofing Solutions are covered as segments by Product.

  • India's construction chemicals market ranks third globally in profitability and is the leader in terms of growth. In 2022, the market surged by 6.97% in value, driven by increased construction activity and spending across several sectors. The market was projected to maintain its upward trajectory in 2023, with a 6.9% increase owing to robust real estate and infrastructure developments.
  • The commercial sector dominates the demand for construction chemicals, given its funding sources, be it government or private entities. This financial backing makes investing in construction chemicals more accessible in commercial projects compared to residential or other building types. Moreover, commercial buildings, known for their higher densities and intricate designs, necessitate a wider range of construction chemicals.
  • The residential sector follows closely as the second most lucrative sector for construction chemicals. India's status as the world's most populous nation translates into a significant number of residential buildings, driving up demand and market value. Additionally, the sector's consistent demand for waterproofing solutions further bolsters its significance.
  • The market’s value in the residential and commercial sectors is estimated to rise at similar and faster rates than the rest, recording CAGRs of 7.9% and 7.4% during the forecast period (2023-2030). These growth rates are estimated to be propelled by government initiatives, such as housing unit construction drives, and a business-friendly environment attracting both domestic and foreign investments.
End Use Sector
Commercial
Industrial and Institutional
Infrastructure
Residential
Product
Adhesives
By Sub Product
Hot Melt
Reactive
Solvent-borne
Water-borne
Anchors and Grouts
By Sub Product
Cementitious Fixing
Resin Fixing
Other Types
Concrete Admixtures
By Sub Product
Accelerator
Air Entraining Admixture
High Range Water Reducer (Super Plasticizer)
Retarder
Shrinkage Reducing Admixture
Viscosity Modifier
Water Reducer (Plasticizer)
Other Types
Concrete Protective Coatings
By Sub Product
Acrylic
Alkyd
Epoxy
Polyurethane
Other Resin Types
Flooring Resins
By Sub Product
Acrylic
Epoxy
Polyaspartic
Polyurethane
Other Resin Types
Repair and Rehabilitation Chemicals
By Sub Product
Fiber Wrapping Systems
Injection Grouting Materials
Micro-concrete Mortars
Modified Mortars
Rebar Protectors
Sealants
By Sub Product
Acrylic
Epoxy
Polyurethane
Silicone
Other Resin Types
Surface Treatment Chemicals
By Sub Product
Curing Compounds
Mold Release Agents
Other Product Types
Waterproofing Solutions
By Sub Product
Chemicals
Membranes
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India Construction Chemicals Market Size Summary

The India Construction Chemicals Market is experiencing significant growth, positioning itself as a key player globally in terms of profitability and expansion. The market's upward trajectory is fueled by increased construction activities and investments across various sectors, with the commercial sector leading the demand due to its financial backing and the complexity of projects requiring a diverse range of chemicals. The residential sector also contributes substantially to market growth, driven by India's large population and the consistent need for housing solutions, particularly waterproofing. Government initiatives and a favorable business environment are further propelling the market, attracting both domestic and foreign investments.

The market is characterized by a fragmented landscape, with major players like Fosroc, Inc., MBCC Group, Pidilite Industries Ltd., Saint-Gobain, and Sika AG holding significant shares. Recent strategic moves, such as Sika's acquisition of the MBCC Group, highlight the dynamic nature of the industry, aiming to enhance product offerings and meet evolving market demands. The commercial and residential sectors are expected to continue their robust growth, supported by increasing urbanization and the need for new infrastructure. This growth is anticipated to be sustained over the forecast period, driven by ongoing developments in real estate and infrastructure projects across the country.

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India Construction Chemicals Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)

    1. 1.1 End Use Sector

      1. 1.1.1 Commercial

      2. 1.1.2 Industrial and Institutional

      3. 1.1.3 Infrastructure

      4. 1.1.4 Residential

    2. 1.2 Product

      1. 1.2.1 Adhesives

        1. 1.2.1.1 By Sub Product

          1. 1.2.1.1.1 Hot Melt

          2. 1.2.1.1.2 Reactive

          3. 1.2.1.1.3 Solvent-borne

          4. 1.2.1.1.4 Water-borne

      2. 1.2.2 Anchors and Grouts

        1. 1.2.2.1 By Sub Product

          1. 1.2.2.1.1 Cementitious Fixing

          2. 1.2.2.1.2 Resin Fixing

          3. 1.2.2.1.3 Other Types

      3. 1.2.3 Concrete Admixtures

        1. 1.2.3.1 By Sub Product

          1. 1.2.3.1.1 Accelerator

          2. 1.2.3.1.2 Air Entraining Admixture

          3. 1.2.3.1.3 High Range Water Reducer (Super Plasticizer)

          4. 1.2.3.1.4 Retarder

          5. 1.2.3.1.5 Shrinkage Reducing Admixture

          6. 1.2.3.1.6 Viscosity Modifier

          7. 1.2.3.1.7 Water Reducer (Plasticizer)

          8. 1.2.3.1.8 Other Types

      4. 1.2.4 Concrete Protective Coatings

        1. 1.2.4.1 By Sub Product

          1. 1.2.4.1.1 Acrylic

          2. 1.2.4.1.2 Alkyd

          3. 1.2.4.1.3 Epoxy

          4. 1.2.4.1.4 Polyurethane

          5. 1.2.4.1.5 Other Resin Types

      5. 1.2.5 Flooring Resins

        1. 1.2.5.1 By Sub Product

          1. 1.2.5.1.1 Acrylic

          2. 1.2.5.1.2 Epoxy

          3. 1.2.5.1.3 Polyaspartic

          4. 1.2.5.1.4 Polyurethane

          5. 1.2.5.1.5 Other Resin Types

      6. 1.2.6 Repair and Rehabilitation Chemicals

        1. 1.2.6.1 By Sub Product

          1. 1.2.6.1.1 Fiber Wrapping Systems

          2. 1.2.6.1.2 Injection Grouting Materials

          3. 1.2.6.1.3 Micro-concrete Mortars

          4. 1.2.6.1.4 Modified Mortars

          5. 1.2.6.1.5 Rebar Protectors

      7. 1.2.7 Sealants

        1. 1.2.7.1 By Sub Product

          1. 1.2.7.1.1 Acrylic

          2. 1.2.7.1.2 Epoxy

          3. 1.2.7.1.3 Polyurethane

          4. 1.2.7.1.4 Silicone

          5. 1.2.7.1.5 Other Resin Types

      8. 1.2.8 Surface Treatment Chemicals

        1. 1.2.8.1 By Sub Product

          1. 1.2.8.1.1 Curing Compounds

          2. 1.2.8.1.2 Mold Release Agents

          3. 1.2.8.1.3 Other Product Types

      9. 1.2.9 Waterproofing Solutions

        1. 1.2.9.1 By Sub Product

          1. 1.2.9.1.1 Chemicals

          2. 1.2.9.1.2 Membranes

India Construction Chemicals Market Size FAQs

The India Construction Chemicals Market size is expected to reach USD 3.30 billion in 2024 and grow at a CAGR of 7.24% to reach USD 5.02 billion by 2030.

In 2024, the India Construction Chemicals Market size is expected to reach USD 3.30 billion.

Construction Chemicals Market in India Report Snapshots

India Construction Chemicals Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis Up to 2030