A booming construction sector alongside government aid to be the backbone of India’s Construction Chemicals Market, says a report by ken Research
The India Construction Chemicals market is highly fragmented in nature, with the presence of many international players as well as local players. Some of the major players in the industry, are Pidilite, Asian Paints, Sika, Fosroc, Aqua Prof and Fibrex.
Government driven boom: Railways, Roads & Energy Projects Propel Infrastructural Activities, creating Lucrative Opportunities for India’s Construction Chemical Market.
The Indian Government’s strategic initiatives, including the National Infrastructure Pipeline (NIP) alongside the Production Linked Scheme (PLI), are propelling the infrastructure sector & encouraging the Indian construction Industry to reach around INR 2.0 Tn by 2025. Moreover, with demand for residential properties surging with the support of schemes such as Pradhan mantri Awas Yojana Urban (PMAY-U), Pradhan Mantri Gramin Awas Yojana (PMAY-G), the Tamil Nadu Housing Board Scheme (TNHB) alongside government’s reduction of GST taxes on housing from 12% to 5% has significantly increased investment in residential sector which is ultimately boosting the construction chemicals market
Rising Construction Sector, M&A Activities, and Government Support Propel India’s Construction Chemicals Market in Southeast Asia.
The India construction chemicals market is experiencing a significant boost due to increased investments in the commercial and residential infrastructure sectors, as well as strategic collaborations with government organizations. This industry has always been characterized by active mergers and acquisitions, as companies recognize the importance of inorganic growth strategies to maintain a competitive edge across various segments. By leveraging these opportunities, players in the construction chemicals sector are able to expand their market presence, capitalize on emerging trends, and enhance their product portfolios to cater to the evolving needs of the construction industry.
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:
Construction Companies
Engineers
Industrial & Commercial Companies
Distributers & Retailers
Infrastructure Consultants & Research Institutions
Time Period Captured in the Report:
Historical Period: 2017-2022
Base Year: 2022
Forecast Period: 2022-2028
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