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India Construction Chemical Market: Ken Research

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Construction sector in India is a major growth driver for construction chemical market in India with majority of the demand coming from large housing project, infrastructure development and setting up of new manufacturing units. – PowerPoint PPT presentation

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Title: India Construction Chemical Market: Ken Research


1
Growth in Infrastructure Sector, surge in Real
Estate Construction and Increasing Awareness for
Construction Chemicals to Foray Market Growth
Ken Research
2
Construction sector in India is a major growth
driver for construction chemical market in India
with majority of the demand coming from large
housing project, infrastructure development and
setting up of new manufacturing units.
Construction chemicals accounts for nearly 2-5
of the project cost but the benefits realized are
far more than the increase in the cost of the
project. Present levels of urban infrastructure
are inadequate to meet the demands of the
existing urban population.
3
Future cities of India will require smart real
estate and urban infrastructure. 50 of the
demand for construction activity in India comes
from the infrastructure sector the rest comes
from industrial activities, residential and
commercial development and other developments.
The Indian construction industry (infrastructure
and real estate) was valued at over USD 156.7
billion in 2015 with bright prospects for the
future as well. During the 12th five year plan,
USD 1trillion of infrastructure investment is
projected to take place in India. During the
period 2008-2012, approximately 182 luxury
housing projects which were comprised with 25,570
units were launched in top seven metro cities.
Increase in number of high net worth individuals
is expected to further drive the demand for
luxury housing. With growing investment in
infrastructure, it is expected that the usage of
construction chemical will increase as these
structures are executed by expert engineers who
have full knowledge of benefits offered by use of
construction chemical.
4
Increased demand for cement will drive the growth
of concrete admixture, repair and rehabilitation
chemicals and thus develop the base for
consumption of flooring compounds. With global
construction and manufacturing players entering
the market, the awareness and the demand for
internationally proven products and solutions are
set to increase. Major Indian players will also
follow suit as these proven technologies work and
are going to become the norm. Great deal of
discussion on the need of construction chemicals
and proven concrete and waterproofing
technologies were held in last few years. Think
tanks and industry veterans came together to
highlight the importance of construction chemical
and related technologies through industry meets.
5
Construction chemical companies in India should
create dealer network, engage existing dealers in
cement and paint business or hardware dealers to
promote sales. Moreover, though there are
adequate training facilities to provide training
in field related to civil and chemical
application work, there is need to create
training facilities that can club both civil and
chemical expertise for safe use of construction
chemicals. Government has to actively participate
to create laws that can help construction
chemical to gain more market as these chemicals
ensure low energy and material consumption during
construction, according to Research Analyst, Ken
Research. The report titled India Construction
Chemicals Market Outlook to 2020 provides
detailed overview on the construction chemicals
market in India and helps readers to identify the
ongoing trends in the industry and anticipated
growth in future depending upon changing industry
dynamics in coming years. The report is useful
for construction chemical companies, construction
companies, chemical suppliers and retailer,
Manufacturer and other stakeholders to align
their market centric strategies according to
ongoing and expected trends in the future.
6
For more information about the publication, refer
to the below link https//www.kenresearch.com/man
ufacturing-and-construction/construction-materials
/india-construction-chemical-report/55721-97.html
Contact Ken Research Ankur Gupta, Head
Marketing Communications query_at_kenresearch.com
91-124-4230204
7
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