India Construction Chemicals Market: Current Analysis and Forecast (2024-2032)

Construction chemicals are specific products applied in the building process to improve the characteristics and properties of construction products. Aimed that these chemicals enhance the performance of concrete concerning durability, strength, and workability; it also help to form a waterproof layer on a surface, prevent corrosion, and accelerate curing time. These are part of admixtures, sealants, coats, grouts, and adhesives. Among them are construction chemicals, the builders can develop structures with high density, and charge minimal maintenance costs, as well as high durability of structures. It also manages problems with the current construction, weather conditions, environmental care, and energy consumption.

The India Construction Chemicals Market is expected to grow at a steady rate of around 7.3% owing to the rising company expansions. Moreover, the rapid urbanization and infrastructure development, government initiatives for smart cities mission, and growing focus on sustainability are anticipated to boost the Indian construction chemicals market.

For instance, on May 25 2024, Fosroc India is proud to announce the inauguration of its new, integrated Construction Chemicals Plant in Hyderabad. This innovative facility is strategically designed to enhance service levels and extend geographical coverage, across South and Central INDIA.

Based on product type, the market is segmented into concrete admixtures, curing compounds, sealants and adhesives, protective coatings, repair and rehabilitation products, and others. Concrete admixtures dominated the market in the year 2023 owing to exceptional demand for high-speed concrete and other advanced solutions related to construction. Cutoffs which entail plasticizers, superplasticizers, accelerators, retarders, and airs entraining agents improve the workability, durability, and tensile strength of the concrete to suit a certain project. With the advancement of urbanization and infrastructural growth across the world, there is increased focus placed on time-efficient, cost-efficient, and environmentally friendly construction processes, which has led to the growth in the consumption of specialized admixtures. In addition, due to higher awareness of sustainability, concrete admixtures that possess less environmental effects on construction processes, including admixtures that extend the durability of concrete and minimize energy consumption, are becoming more popular. Thus, the concrete admixtures segment dominated the market in the year 2023.

Based on the application, the Indian construction chemicals market is segmented into residential, commercial, and others. The commercial category of the construction chemicals market in India is growing very fast due to the growing population, advancement in civil construction, and demand for higher quality and longer-lasting construction materials in the commercial application sectors. Technological construction used on office buildings, shopping centers, hotels, industrial & commercial buildings, and others needs higher-grade materials to produce high strength, water resistance, and durability. Sealants and coatings, adhesives, and floor hardeners are the construction chemicals that are indispensable to improving these properties in commercial constructions. Also, the future prospect of sustainability has tailored commercial segments and green building projects and the trend towards environmentally friendly products has strengthened this segment. Advances in construction chemicals that provide relatively higher energy efficiency than their counterparts, lower maintenance expenses, and enhanced safety features are also causing the increased uptake of construction chemicals in the commercial construction industry. Thus, the commercial segment is expected to grow at a significant rate in the forecast period.

For a better understanding of the market adoption of Indian construction chemicals, the market is analyzed based on its state-wise presence in India such as North India, East India, West India, and South India. The utilization of construction chemicals has been ascending to North India at a higher pace due to the development in infrastructure and urbanization, and the upgraded consciousness in the utilization of superior building materials in the North region. As in other megacities, the construction industry in Delhi, Chandigarh, and Jaipur or in the new evolving cities implies diverse and growing development in both the residential and commercial building sectors requiring superior construction chemicals. Materials like concrete admixtures, waterproofing products, and surface protection coatings have found great markets among builders and contractors in search of enhanced performance and durability as well as conservation of scarce resources. The nature of the climate in the region - hot weather, monsoon rains, and the related need for performance-enhancing chemicals such as water repellents, corrosion inhibitors, and heat and temperature-stable admixtures are also on the increase. Thus, north India is growing at a significant rate in the Indian construction chemicals market.

Some of the major players operating in the market include Ardex Group; Don Construction Products Ltd.; ECMAS Group; Fosroc, Inc.; MAPEI S.p.A.; Construction Chemicals Corporation; Pidilite Industries Limited; Saint-Gobain Group; Sika AG; Thermax Limited.