Construction Chemicals Market in India Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

India Construction Chemicals Industry Report Covers Top Construction Chemical Companies in India and is segmented by product type (concrete admixture and cement grinding aids, surface treatment, repair and rehabilitation, protective coatings, industrial flooring, waterproofing, adhesive and sealants, and grout and anchor) and end-user sector (commercial, industrial, infrastructure, residential, and public space). The report offers the market size and forecasts for revenue (USD million) for all the above segments.

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India Construction Chemicals Market Size

India Construction Chemicals Market Summary
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Study Period 2018-2028
Base Year For Estimation 2022
Market Size (2023) USD 2.03 Billion
Market Size (2028) USD 3.81 Billion
CAGR (2023 - 2028) 13.44 %
Market Concentration High

Major Players

India Construction Chemicals Market Major Players

*Disclaimer: Major Players sorted in no particular order

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India Construction Chemicals Market Analysis

The India Construction Chemicals Market size is expected to grow from USD 2.03 billion in 2023 to USD 3.81 billion by 2028, at a CAGR of 13.44% during the forecast period (2023-2028).

COVID-19 negatively impacted the Indian construction chemicals market in 2020 due to a temporary halt in construction activities. Cost overruns, severe delays, and even project cancellations were seen due to nationwide lockdowns. However, the market is growing steadily, owing to increased building and construction activities in the country from 2021.

  • Over the short term, the rising residential and commercial construction activities and increasing investments in the infrastructure sector are some factors driving the market demand.
  • However, the lack of skilled labor in the Indian construction industry and stringent regulations in the country for construction chemicals may hinder the market's growth.
  • Emerging green and bio-based construction chemicals in India will likely create opportunities for the market in the coming years.

India Construction Chemicals Market Trends

This section covers the major market trends shaping the India Construction Chemicals Market according to our research experts:

Concrete Admixture and Cement Grinding Aids to Dominate the Market

  • Concrete admixtures are natural or artificial chemicals or additives added during concrete mixing to improve specific properties of ready-mixed or hardened concrete. Concrete admixtures help enhance the properties of fresh/hardened concrete, such as workability, durability, and initial and final strength.
  • Grinding aids or additives refer to substances that increase grinding speed and fluidity when mixed with the contents of the cement. Several additives have been shown to have grinding aid properties for cement clinker. Typical are amines, organosilicon, glycols, resins, cod oil, kojic acid, carbon black, wool grease, calcium sulfate, urea, asphaltenes, etc.
  • Concrete admixtures improve the concrete properties for construction applications with special requirements. They achieve desirable workability when the water-cement ratio is low and improve concrete setting time when transporting it over long distances.
  • Concrete admixtures can reduce the cost of building in concrete or ensure specific desired properties and quality of hardened concrete. Admixtures can be used as an emergency measure to prevent failure when problems occur with concrete during construction.
  • Grinding aids affect the cement fluidity in the circuit. They facilitate grinding, so plants need to apply less grinding force without adversely affecting the properties of the resulting cement. Another positive effect of currently used grinding aids is to reduce compaction during storage.
  • Cement grinding aid is a chemical additive that improves cement's grinding effect and performance, which can significantly enhance cement yield, strength of all ages, and fluidity. Cement grinding aid can substantially reduce the phenomenon of electrostatic adsorption and ball encapsulation in the grinding process and again reduce the tendency of ultrafine particle accumulation in the grinding process.
  • Grinding aids are one of the auxiliary raw materials that are indispensable in cement plants around the world. India's cement production is estimated to have grown by up to 12% year-on-year in 2022, driven by rural housing demand and the government's focus on infrastructure development. As per the India Brand Equity Foundation (IBEF) report, the consumption volume of cement in India is estimated to be around 379 million metric tons in FY 2022, compared to 349 million metric tons in FY 2021, registering a growth of about 8%. Thereby boosting the demand for the market studied.
  • In October 2022, Adani Group planned to double its cement production capacity in Rajasthan with an investment of nearly INR 65,000 crores (~USD 7,975.46 million) over the next 6 to 7 years. The company plans to set up a mega 10,000 MW (Megawatt) solar power capacity cement plant in Rajasthan. As a result, the increasing cement production in the country is expected to impact market growth positively.
  • Owing to all these factors, the construction chemical market will likely grow in India during the forecast period.
India Construction Chemicals Market: Consumption Volume of Cement, in Million Metric Tons, India, FY2017 - FY2022

Residential Sector is Anticipated to Dominate the Market

  • The residential sector will likely serve as a vital end-user industry for the construction chemicals market. Increasing construction of new residential buildings in India owing to the rise in disposable income of the middle class is expected to drive the market studied.
  • In 2022, Indian housing sales witnessed a growth of nearly 15% year-on-year (Y-o-Y) across the top seven cities in the country, namely Mumbai, Bengaluru, Hyderabad, Chennai, Delhi NCR, Kolkata, and Pune, as per the report of the Indian Brand Equity Foundation (IBEF).
  • Similarly, housing sales in India are likely to see promising growth in 2023, with an expected increase of around 10%-15%, due to the increasing purchase of land by various developers, as most of them are gearing up for big project launches in the coming years.
  • As per the report of Anarock, a leading real estate service company in India, in 2022, more than 300,000 housing units were sold in India, thereby breaching the previous peak of 2014 in terms of all-time high sales of houses across the top seven cities of India. The country's house sales (October-December) improved by nearly 16% in quarter four of 2022 compared to quarter four of 2021.
  • However, there is still a gap between the demand and supply of houses in India as in 2022, the demand for housing increased by nearly 34% in the country, primarily driven by increased savings, a post-pandemic need for security, and comparatively little income disruption for middle and higher-income groups.
  • The Indian government encourages home ownership through various schemes, both at the central and the state level, such as Pradhan Mantri Awas Yojana (PMAY Urban), Pradhan Mantri Awas Yojana (PMAY Gramin), Tamil Nadu Housing Board Scheme (TNHB), etc. Under the Pradhan Mantri Awas Yojana, the Indian government decided to provide interest subvention of 3% and 4% for loans of up to INR 12 lakhs (~USD 14,703.81) and INR 9 lakhs (~USD 11,027.86), respectively, for the lower strata of the society concerning buying and building homes.
  • According to the Federation of Indian Chambers of Commerce and Industry (FICCI), in 2022, the number of houses constructed and sanctioned under the PMAY scheme in urban areas in India was 5.5 million and 11.4 million, respectively.
  • The Indian government's initiative to reduce the GST taxes on housing from 12% to 5% significantly helped in increasing the investments into residential construction in the country since 2019. In 2022, the GST charged on investments in under-construction properties like bungalows, flats, and apartments stands to be 1% for affordable housing and 5% for non-affordable accommodation.
  • The above factors will likely boost the demand for residential construction in India, positively impacting the construction chemicals market during the forecasted period.
India Construction Chemicals Market: Number of Houses Constructed and Planned Under the PMAY Scheme in Urban Areas, in Million, by Stage of Development, India, 2022

India Construction Chemicals Industry Overview

The Indian Construction Chemicals market is partially consolidated in nature. Some of the major players in the market include Pidilite Industries Ltd., Sika AG, MBCC Group, Fosroc Inc., and Saint-Gobain, among others (not in any particular order).

India Construction Chemicals Market Leaders

  1. Sika AG

  2. Fosroc Inc.

  3. Pidilite Industries Ltd.

  4. MBCC Group

  5. Saint-Gobain

*Disclaimer: Major Players sorted in no particular order

India Construction Chemicals Market Concentration

India Construction Chemicals Market News

  • July 2022: Mapei SpA inaugurated the third factory at Kosi, Mathura, in India, to increase the construction chemicals production to meet customers' demands. This expansion strengthened the company's business in the country.
  • June 2022: Fosroc announced the launch of Nitoflor PAFS, a new and innovative low-odor, taint-free poly aspartic-based high-build floor coating system that finds its application in a wide variety of commercial, residential, and industrial flooring projects. Through the product launch, the company strengthened its product portfolio.

India Construction Chemicals Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rising Residential and Commercial Construction Activities

      2. 4.1.2 Increasing Investments in the Infrastructure Sector

    2. 4.2 Restraints

      1. 4.2.1 Lack of Skilled Labor in the Country

      2. 4.2.2 Stringent Regulations Associated

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size in Value)

    1. 5.1 Product Type

      1. 5.1.1 Concrete Admixture and Cement Grinding Aids

      2. 5.1.2 Surface Treatment

      3. 5.1.3 Repair and Rehabilitation

      4. 5.1.4 Protective Coatings

      5. 5.1.5 Industrial Flooring

      6. 5.1.6 Waterproofing

      7. 5.1.7 Adhesive and Sealants

      8. 5.1.8 Grout and Anchor

    2. 5.2 End-user Sector

      1. 5.2.1 Commercial

      2. 5.2.2 Industrial

      3. 5.2.3 Infrastructure

      4. 5.2.4 Residential

      5. 5.2.5 Public Space

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Cera-chem Pvt. Ltd.

      2. 6.4.2 CICO Group

      3. 6.4.3 Dow

      4. 6.4.4 ECMAS Group

      5. 6.4.5 Fosroc Inc.

      6. 6.4.6 Magicrete Building Solutions Pvt. Ltd.

      7. 6.4.7 Mapei SPA

      8. 6.4.8 MBCC Group

      9. 6.4.9 MYK Laticrete India

      10. 6.4.10 Pidilite Industries Ltd.

      11. 6.4.11 Polygon Chemicals Private Limited

      12. 6.4.12 Rpm International Inc.

      13. 6.4.13 Saint-Gobain

      14. 6.4.14 Sika AG

      15. 6.4.15 Thermax Limited

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Emerging Green and Bio-based Construction Chemicals in the Country

India Construction Chemicals Industry Segmentation

Construction chemicals are chemical formulations used with cement, concrete, or other construction materials at the time of construction to keep the material together while it is being built. It is also used for refurbishment and maintenance to minimize damage and stabilize the structure. The Indian construction chemical market is segmented by product type and end-user sector. By product type, the market is segmented into concrete admixture and cement grinding aids, surface treatment, repair and rehabilitation, protective coatings, industrial flooring, waterproofing, adhesive and sealants, and grout and anchor. By end-user sector, the market is segmented into commercial, industrial, infrastructure, residential, and public space. For each segment, the market sizing and forecasts have been done based on revenue (USD million).

Product Type
Concrete Admixture and Cement Grinding Aids
Surface Treatment
Repair and Rehabilitation
Protective Coatings
Industrial Flooring
Waterproofing
Adhesive and Sealants
Grout and Anchor
End-user Sector
Commercial
Industrial
Infrastructure
Residential
Public Space

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India Construction Chemicals Market Research FAQs

The India Construction Chemicals Market size is expected to reach USD 2.03 billion in 2023 and grow at a CAGR of 13.44% to reach USD 3.81 billion by 2028.

In 2023, the India Construction Chemicals Market size is expected to reach USD 2.03 billion.

Sika AG, Fosroc Inc., Pidilite Industries Ltd., MBCC Group and Saint-Gobain are the major companies operating in the India Construction Chemicals Market.

Construction Chemicals in India Industry Report

Statistics for the 2023 Construction Chemicals in India market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Construction Chemicals in India analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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