Report Overview

The government’s heightened focus on and increasing investments in urban housing schemes, rapid urbanization and residential construction, and growing adoption of innovations and technological advancements in the construction are expected to drive the India Construction Chemicals Market during the forecast period between 2024 and 2030.

India Construction Chemicals Market – Industry Trends & Forecast Report, 2030

India Construction Chemicals Market size by value was estimated at USD 3.47 billion in 2023. During the forecast period between 2024 and 2030, the India Construction Chemicals Market size is projected to grow at a CAGR of 7.68% reaching a value of USD 5.63 billion by 2030. A prominent driver of the market is increasing infrastructure development. Construction chemicals, essential for enhancing the performance and durability of building materials, are vital across the infrastructure, residential, and commercial sectors.

By volume, the India Construction Chemicals Market size was estimated at 298.13 million metric tons in 2023. During the forecast period between 2024 and 2030, the India Construction Chemicals Market size is projected to grow at a CAGR of 7.43% reaching the volume of 352.36 million metric tons by 2030. Industry trends are shifting towards cost-effective and eco-friendly solutions, propelled by government support for green building practices. The 2019 Union Budget's emphasis on low VOC, high-quality waterproofing systems has accelerated this shift. With only 447 out of 2,362 registered buildings certified as green, there's significant growth potential, encouraging manufacturers to focus on sustainable construction, boosting market demand.

Construction Chemicals – Overview

Construction chemicals are specialized products that enhance the performance, durability, and aesthetics of buildings and infrastructure. Key types include concrete admixtures, which improve workability and strength; waterproofing agents that prevent moisture damage; and flooring compounds for durable and attractive floors. Sealants and adhesives bond materials and seal joints, while grouts fill gaps to strengthen structures. Protective coatings shield surfaces from environmental damage, and repair chemicals restore and reinforce damaged areas. These chemicals are vital for ensuring the quality, efficiency, and longevity of modern construction projects, supporting the industry's ability to meet contemporary standards and demands.

India Construction Chemicals Market

Growth Drivers

Growing Infrastructure Development

India’s rapid urbanization and infrastructure expansion drive a burgeoning demand for construction chemicals. These essential compounds play a crucial role in enhancing structural durability, sustainability, and aesthetic appeal across diverse construction projects. From concrete admixtures that improve strength and weather resistance to waterproofing solutions safeguarding against moisture damage, these chemicals are pivotal in ensuring long-term building integrity. They support cost-effectiveness by reducing maintenance needs and enhancing structural resilience against environmental challenges. As India embraces ambitious infrastructure initiatives, the role of construction chemicals becomes increasingly vital in advancing sustainable and resilient construction practices nationwide.

Rising Urbanization and Residential Construction

India's construction chemicals market thrives amidst rapid urbanization and burgeoning residential development. With the country's population density driving substantial demand, residential buildings stand as key consumers of construction chemicals, particularly in waterproofing solutions. This sector benefits significantly from ongoing housing construction initiatives, supported by both governmental and private investments. For instance, in June 2024, the newly formed Indian government, under the Pradhan Mantri Awas Yojana (PMAY), announced its first major policy decision to provide assistance for the construction of an additional three crore (30 million) houses in rural and urban areas of the country. As urban centers expand and real estate projects proliferate, the need for durable, high-performance construction chemicals escalates. This trend underscores the market's robust growth trajectory, poised to continue as urbanization intensifies across India's evolving landscape.

Challenges

Price Sensitivity

Price sensitivity restricts the India Construction Chemicals Market as cost remains a critical factor influencing purchasing decisions. Despite growing demand driven by infrastructure and residential sectors, consumers often opt for lower-priced alternatives, limiting adoption of premium products. This price sensitivity challenges market growth, compelling manufacturers to balance quality with affordability to widen their market reach. Economic considerations and budget constraints further underscore the need for competitive pricing strategies within the industry.

Impact of Escalating Geopolitical Tensions on India Construction Chemicals Market

Geopolitical tensions can have a multifaceted impact on the India Construction Chemicals Market by introducing uncertainties that affect investments and construction activities. Uncertain geopolitical conditions can lead to fluctuating material costs, supply chain disruptions, and economic instability, all of which influence the market dynamics. Investors and developers may delay projects or adopt cautious approaches, affecting the demand for construction chemicals. Moreover, heightened tensions can impact trade relations, potentially affecting imports of raw materials essential for manufacturing these chemicals. The market thus navigates challenges of increased costs, supply uncertainties, and strategic shifts in response to geopolitical developments impacting the growth of the India construction sector.

India Construction Chemicals Market

Segmental Coverage

India Construction Chemicals Market – By Type

By type, the India Construction Chemicals Market is divided into Admixtures, Surface Treatment, Concrete Repair, Industrial Flooring, Grouts & Anchors, Soil Stabilizer, and Waterproofing & Protective Coatings segments. The admixtures segment holds the highest share in the India Construction Chemicals Market by type. Concrete admixtures are additives incorporated into concrete either during or prior to mixing. These substances enhance the properties of cured concrete, thereby reducing construction costs and ensuring improved quality throughout mixing, transportation, placement, and curing processes. This capability equips users to effectively manage challenges encountered during concrete applications. The continuous advancement of chemical admixtures promises substantial enhancements in various construction sectors, from residential homes to large-scale commercial structures and skyscrapers. India's expanding construction industry is a key driver behind the significant growth observed in the market for concrete admixtures, thereby bolstering the broader India Construction Chemicals market.

India Construction Chemicals Market – By Application

Based on application, the India Construction Chemicals Market is divided into Residential, Commercial, and Industrial segments. The residential segment holds the highest share in the India Construction Chemicals Market by application. It is fueled by rising middle-class incomes. In 2022, top Indian cities saw a 15% increase in housing sales, with estimated for continued growth of 10%-15% in 2023. This surge is supported by developers acquiring land for future projects. Sales hit a record high in 2022, surpassing previous peaks, though demand still outstrips supply. Government initiatives like the Pradhan Mantri Awas Yojana and reduced GST rates have significantly boosted residential construction. These factors collectively enhance the demand for construction chemicals in India’s residential sector.

India Construction Chemicals Market – By Region

Geographically, the India Construction Chemicals Market is divided into North India, South India, East India, and West India regions. The North India holds the highest share in the India Construction Chemicals Market and is expected to maintain its dominance during the forecast period. It can be attributed to the swift infrastructure development and rising government investment. Population growth and increasing disposable incomes are also boosting demand for these chemicals, especially in residential construction. These factors collectively propel the construction chemical industry’s growth in the region. Meanwhile, the East India is expected to witness the fastest growth market during the forecast period. It can be attributed to its durability and energy-efficient construction materials.

Competitive Landscape

Major players operating in India Construction Chemicals Market include Ardex Group, Don Construction Products Ltd, ECMAS Group, Fosroc, Inc., MAPEI, Pidilite Industries Ltd, Saint-Gobain, Sika AG, The Dow Chemical Company, and Chembond Chemicals Limited. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In February 2024 - Berger Paints India announced its plans to establish a new manufacturing unit in Khordha, Odisha, after receiving an 80-acre land allotment from the Odisha Industrial Infrastructure Development Corporation. This facility, designed with modern, eco-friendly technology, will produce paints, coatings, construction chemicals, and intermediates like emulsions and resins. The plant will have an annual capacity of approximately 410,000 KL/MT, supporting Berger Paints' expansion in the region.

Scope of the Report

Attributes	Details
Years Considered	Historical Data – 2019–2030
	Base Year – 2023
	Estimated Year – 2024
	Forecast Period – 2024–2030
Facts Covered	By Value - USD Billion
	By Volume - Million Metric Tons
Market Coverage	India
Product/ Service Segmentation	Type, Application, Region
Key Players	Ardex Group, Don Construction Products Ltd, ECMAS Group, Fosroc, Inc., MAPEI, Pidilite Industries Ltd, Saint-Gobain, Sika AG, The Dow Chemical Company, Chembond Chemicals Limited

 

By Type

• Admixtures

• Surface Treatment

• Concrete Repair

• Industrial Flooring

• Grouts & Anchors

• Soil Stabilizer

• Waterproofing & Protective Coatings

By Application

• Residential

• Commercial

• Industrial

By Region

• North India

• South India

• East India

• West India

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. India Construction Chemicals Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Government investments and schemes
         2. Rising urbanization and residential construction
         3. Innovations and technological advancements
         4. Growing infrastructure development
      2. Restraints
         1. Price sensitivity
         2. Stringent regulations and quality standards
         3. Outdated construction techniques
      3. Opportunities
         1. Growing demand for eco-friendly products
         2. Rise of smart cities and urban planning
         3. Growing demand for high-quality products
      4. Challenges
         1. Raw material price fluctuations
         2. Competition from low-cost substitutes
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India Construction Chemicals Market: Marketing Strategies
5. India Construction Chemicals Market: Pricing Analysis
6. India Construction Chemicals Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
      2. By Volume (Million Metric Tons)
   2. Market Share & Forecast
      1. By Type
         1. Admixtures
         2. Surface Treatment
         3. Concrete Repair
         4. Industrial Flooring
         5. Grouts & Anchors
         6. Soil Stabilizer
         7. Waterproofing & Protective Coatings
      2. By Application
         1. Residential
         2. Commercial
         3. Industrial
         4. Others
      3. By Region
         1. North India
         2. South India
         3. East India
         4. West India
7. North India Construction Chemicals Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
      2. By Volume (Million Metric Tons)
   2. Market Share & Forecast
      1. By Type
      2. By Application
8. South India Construction Chemicals Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
      2. By Volume (Million Metric Tons)
   2. Market Share & Forecast
      1. By Type
      2. By Application
9. East India Construction Chemicals Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
      2. By Volume (Million Metric Tons)
   2. Market Share & Forecast
      1. By Type
      2. By Application
10. West India Construction Chemicals Market
    1. Market Size & Forecast, 2019–2030
       1. By Value (USD Billion)
       2. By Volume (Million Metric Tons)
    2. Market Share & Forecast
       1. By Type
       2. By Application
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. India Construction Chemicals Market Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
12. Impact of Escalating Geopolitical Tensions on India Construction Chemicals Market
13. Company Profiles
    1. Ardex Group
    2. Don Construction Products Ltd
    3. ECMAS Group
    4. Fosroc, Inc.
    5. MAPEI
    6. Pidilite Industries Ltd
    7. Saint-Gobain
    8. Sika AG
    9. The Dow Chemical Company
    10. Chembond Chemicals Limited
    11. Other Prominent Players
14. Key Strategic Recommendations
15. Research Methodology
    1.    Qualitative Research
       1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Region
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

List of Figures

 

Figure 1       India Construction Chemicals Segmentation

Figure 2       India Construction Chemicals Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       India Construction Chemicals Market Size, By Value (USD Billion), 2019–2030

Figure 5       India Construction Chemicals Market Size, By Volume (Million Metric Tons), 2019–2030

Figure 6       India Construction Chemicals Market Share, By Type, By Value, 2019–2030

Figure 7       India Construction Chemicals Market Share, By Application, By Value, 2019–2030

Figure 8       India Construction Chemicals Market Share, By Region, By Value, 2019–2030

Figure 9       North India Construction Chemicals Market Size, By Value (USD Billion), 2019–2030

Figure 10     North India Construction Chemicals Market Size, By Volume (Million Metric Tons), 2019–2030

Figure 11     North India Construction Chemicals Market Share, By Type, By Value, 2019–2030

Figure 12     North India Construction Chemicals Market Share, By Application, By Value, 2019–2030

Figure 13     South India Construction Chemicals Market Size, By Value (USD Billion), 2019–2030

Figure 14     South India Construction Chemicals Market Size, By Volume (Million Metric Tons), 2019–2030

Figure 15     South India Construction Chemicals Market Share, By Type, By Value, 2019–2030

Figure 16     South India Construction Chemicals Market Share, By Application, By Value, 2019–2030

Figure 17     East India Construction Chemicals Market Size, By Value (USD Billion), 2019–2030

Figure 18     East India Construction Chemicals Market Size, By Volume (Million Metric Tons), 2019–2030

Figure 19     East India Construction Chemicals Market Share, By Type, By Value, 2019–2030

Figure 20     East India Construction Chemicals Market Share, By Application, By Value, 2019–2030

Figure 21     West India Construction Chemicals Market Size, By Value (USD Billion), 2019–2030

Figure 22     West India Construction Chemicals Market Size, By Volume (Million Metric Tons), 2019–2030

Figure 23     West India Construction Chemicals Market Share, By Type, By Value, 2019–2030

Figure 24     West India Construction Chemicals Market Share, By Application, By Value, 2019–2030

 

List of Tables

 

Table 1        India Construction Chemicals Market Size, By Value (USD Billion), 2019–2030

Table 2        India Construction Chemicals Market Size, By Volume (Million Metric Tons), 2019–2030

Table 3        India Construction Chemicals Market Size, By Type, By Value, 2019–2030

Table 4        India Construction Chemicals Market Size, By Application, By Value, 2019–2030

Table 5        India Construction Chemicals Market Size, By Region, By Value, 2019–2030

Table 6        North India Construction Chemicals Market Size, By Value (USD Billion), 2019–2030

Table 7        North India Construction Chemicals Market Size, By Volume (Million Metric Tons), 2019–2030

Table 8        North India Construction Chemicals Market Size, By Type, By Value, 2019–2030

Table 9        North India Construction Chemicals Market Size, By Application, By Value, 2019–2030

Table 10      South India Construction Chemicals Market Size, By Value (USD Billion), 2019–2030

Table 11      South India Construction Chemicals Market Size, By Volume (Million Metric Tons), 2019–2030

Table 12      South India Construction Chemicals Market Size, By Type, By Value, 2019–2030

Table 13      South India Construction Chemicals Market Size, By Application, By Value, 2019–2030

Table 14      East India Construction Chemicals Market Size, By Value (USD Billion), 2019–2030

Table 15      East India Construction Chemicals Market Size, By Value (Million Metric Tons), 2019–2030

Table 16      East India Construction Chemicals Market Size, By Type, By Value, 2019–2030

Table 17      East India Construction Chemicals Market Size, By Application, By Value, 2019–2030

Table 18      West India Construction Chemicals Market Size, By Value (USD Billion), 2019–2030

Table 19      West India Construction Chemicals Market Size, By Volume (USD Billion), 2019–2030

Table 20      West India Construction Chemicals Market Size, By Type, By Value, 2019–2030

Table 21      West India Construction Chemicals Market Size, By Application, By Value, 2019–2030

Table 22      Ardex Group Company Overview

Table 23      Ardex Group Financial Overview

Table 24      Don Construction Products Ltd Company Overview

Table 25      Don Construction Products Ltd Financial Overview

Table 26      ECMAS Group Company Overview

Table 27      ECMAS Group Financial Overview

Table 28      Fosroc, Inc. Company Overview

Table 29      Fosroc, Inc. Financial Overview

Table 30      MAPEI Company Overview

Table 31      MAPEI Financial Overview

Table 32      Pidilite Industries Ltd Company Overview

Table 33      Pidilite Industries Ltd Financial Overview

Table 34      Saint-Gobain Company Overview

Table 35      Saint-Gobain Financial Overview

Table 36      Sika AG Company Overview

Table 37      Sika AG Financial Overview

Table 38      The Dow Chemical Company Overview

Table 39      The Dow Chemical Company Financial Overview

Table 40      Chembond Chemicals Limited Company Overview

Table 41      Chembond Chemicals Limited Financial Overview