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The new report, ‘Construction Chemicals Market in India’, states that growth in construction activities has led to significant rise in demand for construction chemicals in the Indian market. Construction chemicals are slowly expected to play a vital role in the development of the Indian construction industry. Multiple benefits associated with the application of construction chemicals have also contributed to the robust growth of the market.
Construction chemicals are a segment of the specialty chemicals sector. Penetration of construction chemicals for different applications is relatively low in India as compared to the developed nations.
The development of the construction chemicals market is supported by the focus on infrastructure construction in India. Growth in real estate sector is expected to stimulate the demand for construction chemicals. Rise in disposable income of the consumers will enable them to spend more on construction chemicals. Growing economy of the country will also aid the sustainable development of the Indian construction chemicals industry.
However, the industry has also some pain points. Low awareness about the application and benefits of construction chemicals deters the development of the market. Further lack of standards presents significant hindrance to the growth of the industry. Unskilled labor along with a price sensitive consumer base adversely affects market growth.