India Construction Chemicals Market to Grow with a CAGR of 5.64% through 2030
Growing Middle-Class Population is expected to drive the
India Construction Chemicals Market growth in the forecast period, 2026-2030.
According to TechSci Research report, “India Construction
Chemicals Market- By Region, Competition, Forecast and Opportunities,
2020-2030”, the India Construction Chemicals Market was valued at USD 3.76
Billion in 2024 and
is anticipated to grow with a CAGR of 5.64% through 2030. The expanding middle class is driving up demand for high-quality
residential properties, such as apartments, houses, and gated communities. This
increased demand necessitates the use of construction chemicals to ensure
superior durability, aesthetics, and performance in these buildings. According
to a report by People Research on India's Consumer Economy (PRICE) and India's
Citizen Environment, India's middle class is expected to nearly double to 61%
of the total population by 2047, up from 31% in 2020-21. This growth will
position India as one of the world's largest markets.
As the middle class grows, there is a corresponding
need for expanded urban infrastructure, including roads, schools, hospitals,
and recreational facilities. This expansion boosts the demand for construction
chemicals that improve the performance and durability of these infrastructure
projects. The rising middle class desires modern amenities and
higher living standards, increasing the need for advanced construction
materials and chemicals that enhance functionality, safety, and comfort. Higher
disposable incomes also lead to a greater focus on aesthetic appeal in
residential and commercial properties, driving demand for specialty coatings,
finishes, and decorative construction chemicals.
The growth of the middle class leads to a surge in
real estate development, including new housing, commercial spaces, and
mixed-use projects, which require a range of construction chemicals to ensure
quality and compliance with contemporary standards. Furthermore, the expanding
middle class is more inclined to invest in homeownership, leading to increased
residential construction and renovation projects, thereby driving demand for
construction chemicals used in building and maintaining high-quality homes. Investments
from both government and private developers in projects aimed at the
middle-class segment, such as affordable housing and urban infrastructure,
further stimulate the demand for construction chemicals. This demographic shift
supports increased usage of construction chemicals to meet evolving standards
and expectations in both residential and commercial construction.
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The India Construction Chemicals Market is segmented
into product type, end
use, regional distribution, and company.
Based on the product type, the Waterproof
Chemicals emerged as the fastest growing segment in the Indian market for Construction
Chemicals in 2024. As urban areas expand and new buildings arise, the
demand for effective waterproofing solutions intensifies. Waterproof chemicals
play a crucial role in preventing water damage, which is vital for both
residential and commercial properties. Regions facing heavy rainfall, high
humidity, or severe weather conditions require robust waterproofing to guard
structures against water infiltration and moisture issues, driving the need for
advanced waterproof chemicals.
Recent innovations in waterproofing technology, such
as improved membranes, coatings, and sealants, have enhanced performance and
ease of application, attracting increased investment in this sector. For
instance, in 2023, Kamdhenu Paints introduced Kamo Damp Proof, a
fiber-reinforced elastomeric liquid waterproofing membrane. This product, made
from synthetic fibers and robust acrylic polymers, creates a thick, seamless
membrane that offers superior waterproofing.
Growing awareness of the importance of waterproofing
for maintaining structural integrity and meeting building standards has led to
greater adoption of these chemicals. Compliance with building codes ensures
both longevity and safety in construction projects. Waterproof chemicals are
essential for various applications, including foundations, roofs, basements,
and exterior walls, contributing to their rapid market growth. Their role in
preventive maintenance helps avoid expensive repairs and damage from water
infiltration, reinforcing the ongoing investment in waterproofing solutions.
Based on the region, the South India emerged as the
fastest growing region in the Indian Construction Chemicals market during the
forecast period. Major
cities in South India, including Bangalore, Chennai, Hyderabad, and Kochi, are
undergoing rapid urbanization, driving a surge in residential, commercial, and
infrastructure projects. This boom significantly increases the demand for
construction chemicals needed to support these developments. The region’s
robust economic growth, largely fueled by a vibrant IT and industrial sector,
further accelerates the construction activity. Enhanced investments in real
estate and commercial spaces call for a variety of construction chemicals to
ensure high standards of quality and durability.
South India is also home to numerous
large-scale infrastructure projects, such as smart city initiatives, metro
expansions, and highway upgrades, which require advanced construction chemicals
for waterproofing, concrete enhancement, and protective coatings. In 2023,
Saint-Gobain India announced a major investment of Rs 3,400 crore in Tamil
Nadu, as part of a broader plan to invest Rs 8,000 crore in the state over the
next 2-3 years. The expanding real estate sector in the region includes diverse
projects, from high-rise apartments to commercial complexes, each with specific
construction chemical needs, further driving market growth. Additionally,
improved infrastructure for manufacturing and distributing construction
chemicals, including enhanced logistics and supply chain management, supports
the market’s rapid expansion.
Major companies operating in India Construction
Chemicals Market are:
- Sika
India Pvt. Ltd.
- Pidilite
Industries Ltd.
- MAPEI
Construction Products India Pvt. Ltd.
- Tremco
CPG (India) Private Limited
- Polygon
Chemicals Private Limited
- Ruia
Chemicals Pvt. Ltd.
- Chembond
Chemicals Limited
- Cera-Chem
Private Limited
- Choksey
Chemicals Pvt. Ltd.
- CICO
Group
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“India’s construction chemicals market is experiencing
significant expansion driven by extensive infrastructure development and urban
growth. The sector is adapting to the latest technological advancements and a
move towards sustainable practices. Key trends include the use of eco-friendly
materials and the implementation of smart construction technologies. With
considerable investments in residential and commercial projects, the market is
evolving to address the needs for enhanced durability, performance, and
environmental stewardship, setting the stage for sustained growth and
innovation,” said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based management consulting firm.
“India Construction Chemicals Market By
Product Type (Concrete Admixtures, Waterproof Chemicals, Flooring Resins,
Protective Coatings, Adhesives, Sealants, Others), By End Use (Commercial &
Industrial, Residential), By Region, Competition, Forecast and Opportunities,
2020-2030”, has evaluated the future growth potential of India Construction
Chemicals Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in India Construction
Chemicals Market.
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