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The global iron oxide market is anticipated to reach a value of US$ 3,775 Mn in 2032, with the market growing at an average CAGR of 4.1% from the forecast period of 2022 to 2032. Driven by escalating consumption in paints & coatings, plastic manufacturing, and construction industries, the iron oxide market is expected to reach an estimated US$ 2,525.85 Mn in 2022.

Textiles, ceramics, and other end-use industries are also contributing to the growing demand for iron oxide in the global market. The continuous urbanization process occurring all over the world as well as the rapidly expanding construction industry and increasing investment in infrastructure development amplify the consumption of iron oxides in the forthcoming years.

Characteristics like superior chemical stability, dispersibility, and high thermal stability, further augment the demand of iron oxides in the paints & coatings and construction industries.  An inorganic pigment with excellent properties like good resistance to UV rays, high thermal stability, and high dispersibility promote iron oxides’ use the development of numerous construction materials such as cobblestone, roof tiles, floor tiles, and concrete.

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It has a remarkable chemical structure that is insoluble in water and immune to acids & alkalinity of cement and lime. The rising construction activities, particularly in emerging economies, will likely aid the market growth of iron oxides in the following decade.

Different construction firms are embracing green construction projects to create sustainability. This stimulates opportunities for iron oxide as it is an environmentally friendly raw material that is used for construction activities. These factors are driving the sales of the product in the global market during 2022-2032.

The unique ability of iron oxide to absorb ultraviolet radiation, stop the degradation of base material, its inexpensiveness, high purity, strong thermal stability, and good compatibility with other ingredients are factors that promote the adoption of iron oxide in various industrial verticals.

Iron oxide also has a great concealing power, impermeability to UV rays, water solubility along with great adhesive quality and anti-rust properties. This increases the robustness of paint films and ensures the product’s usage in a variety of outdoor paint applications.

“Rising usage of iron oxide in paint & coatings, construction & buildings are driving the global market expansion of iron oxide market over the forecast period,” says an FMI analyst.  

Key Takeaways:

• Rising adoption of iron oxide in beauty and cosmetics sector to stimulate market opportunities.
• High costs and strict regulations may hamper the market growth.
• Paints and coatings sector to drive the market growth in the U.S.
• Germany will account for a 6.7% share of the iron oxide market.
• By type, red powdered iron oxide to register high demand.

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Competitive Landscape 

Lanxess AG, Huntsman International LLC, Cathey Industries, Toda Kogyo Corporation, Alabama Pigments Company, LLC, Jiangsu Yuxing Industry and Trade Co. Ltd., Golccha Pigments Pvt. Ltd., Shenghua Group Deqing Huayuan Pigment Co. Ltd., Tata Pigments Company, Yaroslavsky Pigment Company, and Hunan Three-Ring Pigments Co. Ltd among others are some of the major players in the iron oxide market profiled in the full version of the report.

Leading market players are interested in developing new formulations of iron oxides as well as producing and developing more sustainable iron oxide solutions. Some other enterprises are focusing on manufacturing different grades of iron oxide and expand their production capacity to cater to a large consumer base and strengthen their market presence.

More Insights into Iron Oxide Market Report

In its latest report, FMI offers an unbiased analysis of the global iron oxide market, providing historical data from 2014 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on product type (red, yellow, black, brown, orange, green, other blends), application (construction, paint & coatings, plastics, chemicals, paper & pulp manufacturing, textile, ceramics, leather, other (fertilizer, cosmetics, rubber)), and region.

According to the latest FMI reports, based on region, the iron oxide market in the U.S. is expected to present substantial growth over the forecast period. The market in this country is likely to grow at a very fast pace. Heightened demand for the product in paints & coatings, plastics, and construction are propelling the market growth in this region.

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With steady rise in residential construction activities, the demand for iron oxide is likely to escalate in the U.S. during the upcoming decade. Germany, too, will experience notable growth in the target market owing to the surging sales of synthetic iron oxide pigments which are in high demand in the plastic industry.

Based on segmentation, by product type, the red powdered iron oxide will register high demand in the global space over the forecast period.

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The global hot melt adhesives market is anticipated to create a lucrative growth opportunity in the global landscape by registering a CAGR of 5.3%. from 2022 to 2032. The market is expected to reach a valuation of US$ 7,562.9 Mn by the end of 2022 and is predicted to reach US$ 12,675.7 Mn by 2032.

Over the historical period, the global hot melt adhesives market witnessed a CAGR of 4.8% between 2014 to 2021. The manufacturing activities have been reduced and significant reduction has been witnessed in the product capacities, part-time shifts, as well as introduction of automated production machinery, let manufacturers improve their market positions.

These aforementioned factors are expected to drive the hot melt adhesives market during the forecast period. Several regulatory bodies including the Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) and the Environmental Protection Agency (EPA) are expected to take more steps in order to limit the use of solvent-based adhesives which helps in reducing their negative impacts on the environment.

These factors are likely to drive the global hot melt adhesives market in the upcoming decade. As per FMI, the market is estimated to exhibit a CAGR of 5.3% from 2022-2032.

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Key Takeaways

• Renewable resources-based hot-melt adhesives comprise several benefits due to which they are rapidly being replaced by petroleum-based. Renewable resources-based hot-melt adhesives are inexpensive and have properties that match or exceed those of polymer-based adhesives. Prominent companies in the market are partnering with local firms in order to meet the growing demand for bio-based adhesives.
• About two-thirds (60%) of renewable plant-based raw materials composition is extracted from plants. Key leading players are focusing on developing bio-based hot melt adhesives to meet the growing consumer demand and keep up with regulatory compliance. Commencing with the consumer packaging applications including end-of-line and labeling, bio-based hot melt adhesives are expected to gain traction.
• The trend of do-it-yourself (DIY) is gaining momentum in both developed and developing countries. There are a variety of materials and surfaces that can be effectively glued by hot melt adhesive glue such as ceramics, fabrics, paper, cardboard, metals, and plastics, thereby making it ideal for DIY applications and DIY projects.
• DIY being a relatively new term has gained traction across various developed countries such as North America and Europe. Owing to the easy availability of hot melt adhesive pens across these regions would aid growth. In addition to that, in the U.S. and Europe, the cost of labor is higher resulting in higher installation costs. Attributed to this, DIY methods for regular repairs and maintenance are popular in developed countries.
• Hot melt systems are the most cost-effective on the basis of space and personnel requirements. As a result, it is not needed to operate large-scale drying and curing furnaces and pollution control equipment at a high cost. Like solvent-based systems, hot melt adhesives eliminate the need for solvent recovery and incinerators.
• Solvent-free, bio-based melt adhesives are surging in the market from manufacturers of packaging solutions, disposable sanitary products, furniture & woodwork, automotive & transportation, and footwear are projected to drive the hot melt adhesives market.

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Competitive Landscape

In order to elevate their annual turnover and fortify their market positions worldwide, leading manufacturers in the market are purchasing small-scale market players. To efficiently meet the rising demand and thrive in the highly competitive market, key participants are also concentrating on mergers and expansion activities.

Hot Melt Adhesives Market Outlook by Category

By Polymer Base:

• Ethylene Vinyl Acetate
• Polyolefin
• Polyamide
• Styrenic Block Copolymers
• Polyurethane (PU)
• Others

By End Use:

• Packaging Solutions
• Disposable Hygiene Products
• Furniture & Woodwork
• Automotive & Transportation
• Footwear
• Textile
• Electronics
• Bookbinding
• Others

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

4. Key Success Factors

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More Insights into the Hot Melt Adhesives Market

The U.S. is anticipated to dominate the global hot melt adhesives market owing to the presence of various dominant manufacturers in the North American region. In addition to that, the increasing adoption of advanced technology in the U.S. would also contribute to the growth in the hot melt adhesives market in the country. The U.S. packaging industry is expected to be a key driver of market expansion owing to the presence of leading packaging manufacturers in the region.

China is the second largest market in the East Asia hot melt adhesives market attributed to the rapid expansion of various end-use industries. Owing to the rising demand from sectors, including footwear, packaging, disposable hygiene products, textile chemicals, and automotive & transportation, China is projected to showcase considerable growth.

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The global HID ballast market is expected to decline gradually over the period of 10 years between 2022 and 2027. This market is expected to register a growth rate of -9.8% during the forecasted period. In a bid to sustain revenue growth, key market players are laying emphasis on increasing their product offerings and providing innovative products to achieve competitive edge, specifically over other local players.

One of the significant reasons behind the declining growth of the market is increasing replacement of HID with new energy efficient LED luminaries. Global sales of HID ballasts is estimated to be valued at US$ 6.8 Bn in 2022 and this is projected to drop down to US$ 3.6 Bn by 2027.

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Global HID Ballast Market: Key Regional Takeaways

• Increasing government investments for the replacement of conventional lighting with energy efficient lighting systems is expected to provide traction in the North America HID ballast market during the forecast period
• Growing adoption and subsequent sales of energy efficient lighting systems for enhanced outdoor brightness in areas such as stadiums and parking spaces is expected to create an opportunity for electronic ballasts over the forecast period
• Rising replacements of tunnel lighting and street lighting as well as a growing trend for decorative lighting is estimated to propel the Latin America HID ballast market throughout the forecast period
• Regional manufacturers are focussing on increasing the illumination efficiency of car headlights. This may influence the application of HID ballast in the automotive sector during the forecast period

Global HID Ballast Market: Forecast by Sales Channel

The sales channel segment comprises offline and online segments. Offline sales has been a prominent channel for most of the market players due to the fact that they gain direct access to the customer to portray their offerings. It offers high chances of negotiations and also helps build better business relations. On the other hand growing internet infrastructure is likely to create significant opportunities for market players aiming to capitalise on lucrative opportunities in the untapped markets of several developing nations.

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Global HID Ballast Market: Forecast by Product Type

On the basis of product type, global HID ballast market is segmented into electromagnetic ballast and electronic ballast. Electromagnetic ballast technology improves the performance of lighting systems owing to its higher efficiency, optimal lumen maintenance as well as enhanced colour control over magnetic HID Ballast. The electromagnetic ballast segment is estimated to be valued at US$ 1,038.5 Mn in 2022 and this is anticipated to reach US$ 287.1 Mn by the end of 2027. Due to limited usability and subsequently decreasing sales in the global market, the electromagnetic ballast segment is expected to shrink rapidly over the forecast period.

Global HID Ballast Market: Forecast by Application

On the basis of application, the global HID ballast market is segmented into automotive, residential, commercial, industrial, and outdoors. Automotive components manufacturers, mainly headlights and headlamps manufacturers, are focussing on the manufacturing of energy efficient lamps such as HID lamps and LED lamps to enhance the vision of the driver. The automotive application segment was pegged at 64,510 (‘000 Units) in 2021 and is expected to reach 28,327 (‘000 Units) by 2027 end while expanding at a CAGR of -7.5% over the forecast period.

Global HID Ballast Market: Forecast by Region

The key regions of North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are covered in this report. Growing construction infrastructure, a rapidly expanding commercial sector and rising demand for outdoor and parking lighting are providing high traction for the HID ballast market in APEJ.

Global HID Ballast Market: Competitive Landscape

Some of the key leaders operating in the global HID ballast market are Philips Lighting Holding B.V., General Electric Company, Fulham Co., Inc. Villa Industrias, S.A. de C.V., Eaton Corporation

Westinghouse Electric Corporation, Morimoto HID, Satco Products Inc., Howard Industries, Inc., Halco Lighting Technologies, Iris Energy Private Limited, OSRAM Licht AG, HELLA KGaA Hueck & Co., Universal Lighting Technologies, GUANGZHOU FUCHW INDUSTRIAL CO., LTD., Lighting and Power Technologies, LLC, and Advanced Lighting Technologies, Inc.

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The global antimicrobial additives market is valued at around US$ 12,711.5 Mn in 2022 exhibiting an impressive CAGR of 8.2% during the forecast period 2022 to 2032. The market is predicted to reach a valuation of US$ 27,955.6 Mn by 2032.

The global demand for antimicrobial additives is expected to grow at a robust CAGR of 8.2% between 2022 and 2032, as compared to the historical period between 2013 and 2021 during which the CAGR was about 7.7%.

The market is projected to showcase a higher growth rate across the estimation period due to the rising concern among consumers related to personal and family wellness. Furthermore, the presence of strict regulations encouraged the use of antimicrobial products and devices in order to decrease health hazards.

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Key Takeaways

• The increased use of antimicrobial additives in paints, inks, fabrics, paper, plastic, and various other applications has driven the overall sales of antimicrobial additives in the future. Antimicrobial additives are known to be active agents that when included in the processing of materials will automatically inhibit the life or growth of microbes.
• Antimicrobial additives have proven to be very effective in preventing the growth of infection and various fever-causing microorganisms such as fungi, mold, bacteria, and algae among other materials. These additives have also played a crucial role in extending the shelf life of products.
• Various end-use industries are rapidly adopting antimicrobial additives such as automotive, electronics, building & construction, and healthcare, which is expected to bolster the growth of the antimicrobial additives market during the assessment period.
• The surge in the consumption of antimicrobial additives in order to exhibit microbial growth on the surface of plastic products and medical equipment is predicted to push the demand for antimicrobial additives.
• A drastic consumer shift has been witnessed from conventional materials such as metals and glass towards antimicrobial plastics in the automotive application, which is further expected to fuel demand in the antimicrobial additives market.
• In recent years, there is a significant shift toward feminine hygiene products and rising awareness among consumers about prevalent health issues and hygiene owing to the rising spread of viruses and infections has led to an increased customer focus on antimicrobial products such as plastics, coatings, textiles, and others.
• Changing lifestyles of consumers and longer exhausting working hours are resulting in higher demand for packaged ready-to-eat and frozen meals. This is anticipated to boost the demand for antimicrobic additives in the forthcoming years.

Competitive Landscape

Prominent market players are focusing on working with new formulations of antimicrobial products and simultaneously developing more sustainable solutions. Key market participants have shifted their preference towards edible and biobased antimicrobial additives owing to the regulatory pressure for safer additives. In addition to that, other companies are also being acquired in order to generate more revenue and acquire a competitive advantage over the market.

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Antimicrobial additive Market Segmentation

By Application:

• Fabric / Textile
• Inks
• Paints and Coatings
• Paper
• Plastic
• Silicone & Rubber
• Others

By End Use:

• Automotive
• Building and Construction
• Electronics
• Food and Beverages
• Healthcare
• Other

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa

More Insights into the Antimicrobial Additives Market

The United States antimicrobial additives market is projected to expand at a phenomenal pace throughout the forecast period attributed to the rising consumption of antimicrobial ingredients in an array of end-use industries including food and beverages, automobile, electronics, and others.

Over the past few years, changing lifestyles have made people forced to choose packaged food which has resulted in the surge in demand for food additives that increase the shelf life of products. Most food manufacturers in the U.S. use antimicrobial additives in their products in order to prevent the growth of microbes.

Attributing to the surging consumption of antimicrobial additives across the food and beverages, healthcare, construction, and automotive industries, the U.S. is set to possess 16.9% of the overall volume of consumption in 2022.

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Due to the rapid growth of the automotive industry in India, the antimicrobial additives market is anticipated to expand at a steady pace across the projection period from 2022 to 2032. Moreover, growing awareness about the benefits of antimicrobial additives and a rise in the number of regional and domestic antimicrobial additive manufacturers.

Over recent years, various manufacturers in the automobile industry are excited to launch new products and collaborate or merge with dominant companies in the sector. Rising demand for luxury commercial vehicles and favorable government regulations is propelling growth in the market.

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Increasing demand from the construction and automotive industries for temperature control and energy efficiency is expected to fuel the demand for thermal insulation material. According to a new study by Future Market Insights (FMI), the market for thermal insulation material is set to rise steadily with a CAGR of over 4% through the end of the projection period in 2031.

The global demand for thermal insulation materials has rapidly gained traction owing to concerns associated with energy conservation. Strict government regulations associated with emissions from construction and automotive sector operations will drive long-term demand.

In building operations, thermal insulation also provides benefits in supporting auxiliary building structures including roofs and flooring. Niche applications in aerospace structures in addition to investments into smart city infrastructure are providing impetus to investments into product research & development, with a focus on material and design.

End-user specific customization of product offerings on the basis of density, thermal conductivity, thickness and more will influence developments in the market for the foreseeable future. The growing demand for thermal insulation materials, particularly from emerging economies will offer key growth opportunities.

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On the other hand, the volatility in the pricing of raw material will challenge the growth of market participants. Market vendors are more likely to focus on the growth prospects in the fast-growing segments, while consolidating their positions in relatively slower-moving products.

Key Takeaways of Thermal insulation material Market Study

• Thermal insulation material sales to increase at above 4% CAGR through the assessment period.
• Backed by strong demand from the building and construction sector, insulation for 1ºC to 100ºC will hold the lead in 2021.
• Continuing issues in terms of energy supplies in the U.K. and Germany markets to register higher growth.
• United States is projected to record strong demand driven by rising applications in automotive sector.
• China will emerge as a high potential market, with investments in urbanization and manufacturing efforts in the country.

“Thermal insulation materials find widespread applications in spacecraft, buildings, clothing, mechanical systems, and in automotive offerings among others. Customization on the basis of specific heat capacity, thickness, surface emissivity, thermal bridging, thermal conductivity, and density will support demand as per the requirements of the target area,” Says an FMI analyst.

Developments in Green Construction Set to Drive Growth

According to FMI, thermal insulation material has immense scope for application in the building and construction industry owing to the increased focus in the sector on resource efficient and environment friendly materials.

Also, there is a substantial growth in the construction of green buildings around the world owing to volatility in high energy prices, and concerns associated with environmental impact, along with the health and comfort of occupants.

In addition, green building rating systems implemented in developed regions across Europe and North America such as the Leadership in Energy and Environmental Design, are contributing to growth.

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Key Segments

Material Type

• Stone Wool
• Fiber Glass
• Plastic Foam
• Others

Temperature Range

• -160°C to -50°C
• -49°C to 0°C
• 1°C to 100°C
• 101°C to 650°C

Region

• North America (U.S. & Canada)
• Latin America (Mexico, Brazil, Argentina, Chile, Peru, & Rest of LATAM)
• Western Europe (Germany, U.K., France, Italy, Spain, BENELUX, Nordic, & Rest of W. Europe)
• Eastern Europe (Russia, Poland, CIS Countries and Rest of E. Europe)
• Middle East and Africa (GCC Countries, Turkey, South Africa, Israel, & Rest of MEA)
• Japan
• Asia Pacific excluding Japan (China, India, ASEAN, South Korea, Australia, & Rest of APEJ)

Who is Winning?

The global thermal insulation material market can be considered as moderately consolidated, with a few leading players accounting for a prominent share of the overall thermal insulation material market. Manufacturers are increasingly focused on investments into research and development aimed towards new product launches.

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Key market participants including BASF SE, Asahi Kasei Corporation, Rockwool International A/S, E. I. du Pont de Nemours and Company, Bayer AG, Berkshire Hathway (Johns Manville), Dow Chemicals Company, Owens Corning, Saint Gobain S.A., and Kingspan Group PLC amongst others are also focusing on consolidating their presence in the global market by entering into strategic industry collaborations with other market participants.

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The growing awareness of healthcare & personal hygiene among people across the world is one of the leading factors enabling growth in the global super absorbent polymer (SAP) market. As per Future Market Insights (FMI) analysis, the market is expected to expand at 4.8% CAGR between 2021 and 2031.

The chemical industry has registered significant growth in past few years and growth is expected to be continue over the near future. Owing to the increasing applications of super absorbent polymers in medical sector and agriculture sector, the SAP market is expected to reach a valuation of US$ 9.18 Bn in 2021.

Growing demand from the application of the super absorbent polymer in chemical sector will drive growth through 2021-2031. North America, Europe, and East Asia are the key markets for super absorbent polymers. Of these, East Asia is expected to remain dominant, accounting for over 28.5% of the market by 2031.

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Super absorbent polymers or otherwise known as hydrogels are high weight, loosely cross linked polymer chains that are formed through the process of polymerization of acrylic acid and sodium acrylate/acrylamide.

Due to the excellent property of absorbing, they are specifically used in the feminine hygienic items and diapers. Besides this, they are used in construction, packaging, and in the agricultural sector to help retain moisture in the soil.

Key Takeaways from Super Absorbent Polymers Market Study

• Super absorbent polymers sales will continue rising in the U.S., which is expected to account for over 80% of the North America market in 2021
• Sales in the U.K. is expected to increase by 3.7% in 2021, thanks to increase in use in disposable diapers, adult incontinence products, and other applications.
• Germany, France, and Russia will remain lucrative pockets for sales within Europe.
• China will account for maximum SAP sales in East Asia, while Japan and South Korea will exhibit gradual rise in demand.
• Application in disposable diapers is expected account for 76.1% SAP sales in 2021.

“Increasing awareness regarding healthcare & personal hygiene products is expected to spur to super absorbent polymer sales,” said a lead analyst at FMI.

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Super Absorbent Polymers Market by Category

By Product Type

• Sodium Polyacrylate
• Polyacrylamide Copolymer
• Others

By Application Type

• Disposable diapers
• Adult Incontinence Products
• Feminine Hygiene Products
• Agriculture Products
• Others

Super Absorbent Polymers Market: Participant Insights

Key manufacturers in the Super Absorbent Polymers market, like Nippon Shokubai Co., Ltd., BASF SE, Evonik Industries AG, Sanyo Chemicals Industries, Ltd., Yixing Danson Technology, LG Chemicals Ltd, Sumitomo Seika Chemicals Co. Ltd., Kao Corporation. In order to gain competitive edge, they are focusing on strengthening their product portfolio and expanding their market footprint through acquisition of smaller companies in the market.

What Is the Impact Of COVID-19 Crisis On Super Absorbent Polymers Market?

The global market was impacted by the mandated lockdowns in many nations. During the pandemic, limited manufacturing and transportation-related delays owing to travel restrictions posed challenges to the market. These factors had a negative effect on the market.

Thus the market for super absorbent polymers registered restricted growth amid COVID-19 pandemic because to the lockdown enforced by several nations, as well as reduced manufacturing efficiency due to manpower shortage.

The global increase in COVID-19 cases, on the other hand, fuelled the demand for hygiene and medical goods and solutions. Super absorbent polymers are commonly utilized in the production of diapers and wipes, demand for both of which increased in hospitals during the pandemic.

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Super Absorbent Polymers Market Key Points Covered

• Super Absorbent Polymers Market estimates and forecast 2015-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Super Absorbent Polymers Market and How to Navigate
• Recommendation on Key Winning Strategies

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As per Future Market Insights’ analysis, the India construction chemicals market is anticipated to reach a value of US$ 21.7 Bn by 2031 end, expanding at a CAGR of 13.6% during 2021-2031. Primary application of construction chemicals is to improve strength, durability, and workability of construction chemicals.

The robust expansion of the Indian real estate sector and increasing investments in commercial and residential construction projects will fuel the demand in the India construction chemicals market.

Commonly used construction chemicals in India includes admixtures, water proofing chemicals, adhesives and sealants, protective coatings, and asphalt additives. The demand for construction chemicals is largely driven by affordable housing residential projects, in addition to infrastructure projects initiated by the government.

Foreign direct investments are also likely to boost the sales in the country over the coming years. However, the ongoing crisis caused by COVID-19 virus, has resulted in a short-term slump of production and distribution chains in the industry.

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Raw materials required for the production of construction chemicals are manufactured by chemical companies, which experienced a downturn during the pandemic as the supply chains were disturbed due to strict lockdown restrictions.

Furthermore, the construction sector in India was highly impacted by the pandemic, as ongoing and upcoming construction projects have been delayed or cancelled.

Key Takeaways from India Construction Chemicals Market Study

• India Construction Chemicals Market will continue expanding, reaching a valuation of US$ 21,642 Mn by 2031, primarily driven by infrastructure investments.
• Water proofing and protective coatings collectively holds more than 50% of the market share in the country’s market, with impetus provided from renovation and repair applications.
• Governmental spending in the construction chemical sector has risen by approximately 1.8 times owing to the “Make in India” scheme for infrastructure and industrial development.
• North and South India account for 30% of the overall Indian construction chemicals market each, with major investments into smart city projects.
• The COVID-19 outbreak has resulted the construction industry in India coming to a standstill. As such, the construction chemicals market experienced a CAGR of -12.6% in 2020.

“The India construction chemicals market has a highly fragmented vendor landscape, which has resulted in fierce competition in the market. However, demand for construction chemicals in the country is likely to rise with increasing urbanization and subsequently rising demand for urban residential construction projects through the end of 2031,” said an analyst at FMI.

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Construction Chemicals Market Key Segments

By Product Type:

• Concrete Admixtures
  • Plasticizers (lingo, SNF, PCE)
  • Accelerators
  • Retarders
  • Air Enterainers
• Waterproofing Chemicals
  • Bitumen
  • PVC
  • EPDM
  • TPO
  • PTFE
  • Silicone
  • Acrylic Polymers
  • SBR – Styrene-butadiene
  • Cementitious Membrane
  • PU Membrane – Liquid-applied Membrane
  • Crystalline
  • Additives in Waterproofing
• Protective Coatings
  • Epoxy
  • Polyurethane
  • Acrylic
  • Alkyd
  • Polyester
  • Others
• Adhesives & Sealants
  • Adhesives
  • Sealants
• Concrete Repair Mortar
•  Plaster
• Asphalt Additives

 By Application:

• Infrastructure
• Commercial & Industrial
• Residential

Who is Winning?

The India construction chemicals market will remain fragmented due to strong presence of local players. Leading players are focusing on strengthening their product portfolio and expanding their market footprint through acquisition of smaller companies in the market.

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Some of the key manufacturers of construction chemicals in India are BASF SE (Master builder Solutions), Pidilite Industries, The Dow Chemical Company, RPM International Inc., Mapei S.P.A., Magicrete Building Solutions pvt. Ltd., GCP Applied Technologies Inc., Akzo Novel N.V., Sika AG, Chembond Chemicals Ltd., Flowcrete India Ltd., Fosroc Holdings U.K. Limited, MC-Bauchemie, Balmer Lawries & Co. Ltd., Cera-Chem Pvt. Ltd., Choksey Chemicals Pvt. Ltd., MYK LATICRETE India, CICO Technologies Limited, Ardex Endura, KERAKOLL India Pvt. Ltd., and Saint-Gobain S.A. among others.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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