Construction chemicals industry in India has traditionally been lagging behind the global one but with the advent of new technologies and gathering steam for infrastructure development in the recent times, it is undergoing a rapid evolution. The Indian construction chemicals market is estimated to witness a healthy growth, at an estimated CAGR of over 8 per cent in the next few years and assume a rate of double digit growth after 2023.
With the increasing awareness about the long-term benefits of construction chemicals, the demand for chemicals, such as concrete admixtures, adhesives, sealants, and waterproofing is getting higher than ever. Some major trends in India construction chemicals market are the increase in investment in R&D, entry of new players, adoption of sustainable products and technological advancements.
The Asian region is turning out to be a focus point for most of the major construction chemicals companies for investment in R&D. Over past few years, increasing infrastructure development activities, investment in commercial and residential housing and renovation activities of historical monuments, water retention structure, bridges, and other civil structures have led to significant consumption of construction chemicals across India. In particular, the market for concrete admixture in India is witnessing a significant growth, owing to the rapid growth in the construction industry.
Government initiatives have largely facilitated the growth of the construction sector in the country. Government regulations formulated for promoting the concept of Green Revolution, increase in foreign investment, urbanization and growing preference for utilization of ready-mix concrete are some of the prominent factors driving growth in the construction chemicals market in India.
After studying this industry segment in-depth, we have come up with the list of Top 10 Construction Chemical Manufacturers who have excelled in this field with their innovative approach. Having proven their dedication to quality and delivery in order to meet the customer expectations in an end-to-end manner, these companies have stood out from the crowd.
We look forward to receiving your feedback and suggestions.