Market Size of india construction chemicals Industry
| Icons | Lable | Value |
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Study Period | 2018 - 2030 |
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Market Size (2024) | USD 3.30 Billion |
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Market Size (2030) | USD 5.02 Billion |
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Largest Share by End Use Sector | Commercial |
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CAGR (2024 - 2030) | 7.24 % |
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Fastest Growing by End Use Sector | Residential |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Construction Chemicals Market Analysis
The India Construction Chemicals Market size is estimated at 3.30 billion USD in 2024, and is expected to reach 5.02 billion USD by 2030, growing at a CAGR of 7.24% during the forecast period (2024-2030).
3.30 Billion
Market Size in 2024 (USD)
5.02 Billion
Market Size in 2030 (USD)
4.46 %
CAGR (2018-2023)
7.24 %
CAGR (2024-2030)
Largest Market by Product
35.68 %
value share, Waterproofing Solutions, 2023
Waterproofing solutions hold the largest share due to widespread applications of waterproofing, such as roofings, walls, basements, water tank linings, bridge decks, etc., from the industrial and commercial sectors.
Fastest Market by Product
8.24 %
Projected CAGR, Surface Treatment Chemicals, 2024-2030
Ease of application, low VOC content, and low-cost alternatives to concrete admixtures make them an ideal choice to protect concrete surfaces, and the surface treatment chemical segment is likely to witness the fastest growth.
Largest Market by End Use Sector
27.28 %
value share, Commercial, 2023
Due to the growing usage of construction chemicals, coupled with the increasing construction activities in the Indian commercial sector, the segment has occupied the largest share of the market.
Fastest Market by End Use Sector
7.74 %
Projected CAGR, Residential, 2024-2030
Supportive government policies to promote housing constructions, along with increasing awareness toward durability, safety, and quality of structure, are likely to support the growth of the residential sector in the coming years.
Leading Company
6.65 %
market share, Sika AG, 2022
The company's broad range of high-quality products, well-established network in the country, robust supply chain, and strategic expansions and acquisitions in the construction industry make it a major player in the market.
The commercial and residential sectors are leading the growth of the construction chemicals market in India
- India's construction chemicals market ranks third globally in profitability and is the leader in terms of growth. In 2022, the market surged by 6.97% in value, driven by increased construction activity and spending across several sectors. The market was projected to maintain its upward trajectory in 2023, with a 6.9% increase owing to robust real estate and infrastructure developments.
- The commercial sector dominates the demand for construction chemicals, given its funding sources, be it government or private entities. This financial backing makes investing in construction chemicals more accessible in commercial projects compared to residential or other building types. Moreover, commercial buildings, known for their higher densities and intricate designs, necessitate a wider range of construction chemicals.
- The residential sector follows closely as the second most lucrative sector for construction chemicals. India's status as the world's most populous nation translates into a significant number of residential buildings, driving up demand and market value. Additionally, the sector's consistent demand for waterproofing solutions further bolsters its significance.
- The market’s value in the residential and commercial sectors is estimated to rise at similar and faster rates than the rest, recording CAGRs of 7.9% and 7.4% during the forecast period (2023-2030). These growth rates are estimated to be propelled by government initiatives, such as housing unit construction drives, and a business-friendly environment attracting both domestic and foreign investments.
Understand The Key Trends Shaping This Market
