The India construction chemicals market has witnessed a significant increase in its growth rate in the past few years. However, the construction industry in the country has still not reached maturity. Construction chemicals find applications in improving the functionality of different construction materials to enhance performance, workability, functionality, and chemical resistance for increasing the longevity of buildings or other structures.
Recent years have witnessed exponentially expanding infrastructure development activities, and high monetary investments in residential and commercial buildings along with renovation processes of historical monuments, and civil service infrastructure such as dams and bridges have resulted in a relatively higher use of construction chemicals in India.
As per a recent study by Future Market Insights on the Indian construction chemical market, the growth of this industry still is at a developmental phase and is gaining attention from foreign and local market participants such as chemical manufacturers, infrastructure developers, and related vendors who are investing in the setting up of production facilities for construction chemicals positively contributing to the manufacturing sector of the country.
Bio-based Construction Chemical Gain Importance
Government regulations in recent times have emphasized on the promotion of ecologically sustainable materials and processes through the concept of the Green Revolution, which in conjunction with rising foreign investments, growing urbanization and increasing use of ready-mix materials are considered as key aspects that are propelling the demand for construction chemicals within India.
Moreover, rising public and private investments in research and development activities, the higher activity of new producers, increasing adoption of sustainable chemicals and innovative advancements in technology are generating good prospects for the sector.
For example, the Building Materials and Technology Promotion Council (BMTPC) of India promoted the use of construction chemicals and materials that are sourced from agro-industrial waste, natural fiber, residue, and agricultural by-products that are cultivated on a large scale within the country. This has resulted in the creation of corrugated sheets sourced from bamboo, concrete made using rice husk ash, bricks of recycled plastic, and particle boards made from agricultural bagasse.
Increasing Construction of High Rises with International Standards Drives Demand
With expansion of tier 1 cities in the countries and numerous construction projects involving high rise buildings in these regions, the use of construction chemicals in concrete, to improve on corrosion resistance, and durability of construction materials, consequently leading to manufacturers focusing on the ratio of performance to price instead of just the price alone.
Rising awareness amongst businesses in the construction sector about the mandatory compliance with international building standards is anticipated to boost the use of prescribed best practices in the industry. The government’s move on banning the mixing of cement onsite and mandatory usage of ready to mix cement in metro city areas are essential factors that are expected to have a major impact on the growth of the construction chemical sector. On the other hand the industry is being hampered by the lack of skilled labor, as most construction chemicals require precise handling and technical expertise for appropriate use.
For more detailed insights on the constantly evolving Indian construction chemicals industry, click here.