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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.
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Market Research Report :Construction chemicals market in india 2013
1.
FOR IMMEDIATE RELEASE
Focus on Quality of Construction Fueling Growth in the India Construction Chemical Market
Netscribes, Inc. launches a report on the Construction Chemical Market in India 2013 covering a market
with strong growth potential. It is a part of Netscribes’ Manufacturing Series.
Mumbai, India – June 12, 2013 – Global market intelligence firm, Netscribes, Inc. has released its latest
report on the ‘Construction Chemical Market in India 2013’. The report elaborates the growing trend in
the Indian market towards the application of construction chemicals in construction projects.
The report states that growth in construction activities has led to significant rise in demand for
construction chemicals in the Indian market. These chemicals are slowly expected to take up vital roles in
the development of the Indian construction industry. Multiple benefits associated with the application of
construction chemicals have also contributed to the robust growth.
This is a segment belonging to the specialty chemicals sector. However, 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. Growth in real estate sector is expected to stimulate the demand for construction
chemicals. Rise in disposable income of 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, there are some areas of concern as well. Low awareness about the application and benefits of
construction chemicals deters the development of the market. Moreover, lack of standards presents
significant hindrance to the growth. Unskilled labor along with a price sensitive consumer base adversely
affects market growth.
Construction chemicals industry is witnessing a surge in demand from the Tier II and Tier III cities of India.
Silicone based construction chemicals are gaining rapid popularity. Development and application of eco‐
friendly construction chemicals has emerged as a new trend.
The Indian construction chemicals industry is a niche market at present and has strong growth potential
in the future years.
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