Surge In The Construction Industry, Rapid Infrastructure Development, And Government Intervention Will Drive The India Construction Chemical Market In A Few Years – Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit 1. The Chemical industry in India is growing at a CAGR of ~8% during FY’2015-FY’20, and is expected to grow more owing to the rising growth in urbanization and development of housing projects in the country. To Know More about this report, download a Free Sample Report India’s Construction chemical market is growing at a faster rate compared to the Global Industry. Currently, the demand for High Quality and Durable Products such as const. admixture for cement, and waterproofing chemicals has increased the adoption of construction chemicals. Moreover, new innovations such as multipurpose and hybrid coating, eco-friendly products for instance Nano-Coating, Green Coating for fire protection, and anti-corrosion have fueled sales. In addition to this, various investment schedules have been planned for infrastructure development in the country with respect to highways, railways, ports & waterways, airports, industrial corridors, and smart cities. This will help the Indian construction sector to grow at a CAGR of around 6%, over the forecast period, (2019-2024), thereby pushing the demand for construction chemicals in India. 2. India Construction Chemicals Market has a Good Mix of Organized and Unorganized Players; Organized players dominate the overall market Currently, the overall construction chemical market is consolidated. Presently, the Organized sector dominates the segment with over ~50% overall market share. Major construction chemicals companies in India are Fosroc, Sika, BASF (MBCC), Mapei, MYK Laticrete, and others. There is fragmentation in the market for the rest of the organized industry pie. It is expected that the higher awareness, skilling of the workforce, higher spending power, and demand for high-quality and environmentally safer construction will catalyze the growth of the Organized Market which will further induce the growth of the construction chemical sector in the coming years. Besides it, the unorganized segment share is ~43% of the overall Construction Chemicals Market as of FY20. The Unorganized vs. Organized Market asymmetry will get more skewed, with Organized Players slowly eating away the Unorganized Market’s share. 3. Low Awareness Levels, Price Sensitivity, and Unskilled Labour are some of the challenges for the Market. Visit This link Request for Custom Report The Indian construction chemicals sector is highly price sensitive in nature. Customers prefer to use low-cost substitutes instead of investing in construction chemicals. Also, the lack of training regarding the use and knowledge about the benefits of the component act as a challenge for the construction chemical industry in India. Moreover, the shortage of skilled workers and technical expertise in the sector has hampered the overall growth of the market. The practice of employing unskilled workers in construction activity is still hampering the growth of the sector, as construction chemicals are sensitive products and their use requires basic technical expertise and training. This often leads to poor implementation of quality standards by infrastructure developers. Low Penetration of Concrete Admixtures and the Ban on Illegal Sand Mining in India are other pain points of this industry. 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