According to a new report by UnivDatos, the Construction Chemicals Market is expected to reach ~USD 6.24 Billion in 2032 by growing at a CAGR of ~7.3%. Construction chemicals are specific products applied in the building process to improve the characteristics and properties of construction products. Aimed that these chemicals enhance the performance of concrete concerning durability, strength, and workability; it also help to form a waterproof layer on a surface, prevent corrosion, and accelerate curing time. These are part of admixtures, sealants, coats, grouts, and adhesives. Among them are construction chemicals, the builders can develop structures with high density, and charge minimal maintenance costs, as well as high durability of structures. It also manages problems with the current construction, weather conditions, environmental care, and energy consumption.

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KEY GROWTH DRIVERS:

India's construction chemicals market is fast growing as the country absorbs rapid urbanization, and booming infrastructure development, and is increasingly concerned about sustainable practices at construction sites. In fact, as construction projects both residential and commercial continue to develop, the need is additionally increasing for high-performance materials for example concrete admixtures, waterproofing agents, sealants, and coatings. These government initiatives have gone on to help the market grow further using durable and eco-friendly construction materials such as PMAY (Pradhan Mantri Awas Yojana), etc. The rising adoption of green and energy-efficient solutions is a growth driver for the Indian construction chemicals market, as builders adopt products that promote environmentally friendly construction and fulfill the green building norms.

·        For instance, in May 2024, Fosroc India is proud to announce the inauguration of its new, integrated Construction Chemicals Plant in Hyderabad. This cutting-edge facility is strategically designed to enhance service levels and extend geographical coverage, across South and Central INDIA.

The report suggests that Rising Urbanization and Infrastructure Development is a significant factor driving the growth of the construction chemicals market in the coming years. The rapidly evolving construction industry, urbanization, and infrastructure development needs in India are the primary forces behind the rising construction chemicals market in the country. Over the last few decades, India has witnessed a rapid growth of its urban population; millions of people move into cities to seek jobs. Consequently, a higher need for residences, commercial, and industrial building projects has been noted, which has resulted in an increased need for comprehensive, high-quality materials. Numerous high-rise buildings and commercial & residential projects in superstructures are coming up in cities like Delhi, Mumbai, Bangalore & Hyderabad, new age urban cities & other such cities are spreading with comprehensive development of infrastructure such as buildings, roads, bridges, public transport, etc. Building chemicals including concrete condition, waterproofing, sealants, and bonding agents have become crucial to such projects in as much as they enhance strength, durability as well as resistance to forces like moisture, heat, and wear.

Protective Coatings Segment Gaining Maximum Traction in the Market

The protective coatings segment is growing owing to the growing need for a construction material that protects the structures to which it is applied from the forces of nature. The corrosion problem and severe weather conditions in extreme climate areas of India require protection coatings for Anti-corrosion, waterproofing, and fire-resistant coating for building and infrastructural structures. This growth is especially apparent in applications such as bridges and roads, metros, and industrial plants where the silane requires long-life protection against corrosion, UV, and wear. Also, the increased construction of commercial and residential buildings, improved awareness regarding sustainability, and performance optimization have further led to the penetration of superior quality high-performance coatings with efficient energy retention and limited requirement of repeated maintenance. As advanced technologists have developed more efficient coatings that provide multi-beneficial characteristics like the capability to heal the coating itself and include low-VOC environmentally friendly coatings, the protective coatings segment is slated for further growth as part of the construction chemicals market in India.

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Conclusion

The construction chemicals market in India is expected to experience vigorous growth in the years to come due to various infrastructural developments across the nation, and enhanced construction activity for higher quality and long-lasting construction materials. Organic substances such as Concrete admixtures, protective coatings, waterproofing agents and adhesives have become mandatory ingredients since construction materials require improvement in terms of strength, durability, and energy efficiency.