Construction Chemicals Market in India 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-05 20:11:02
The India Construction Chemicals market is to grow at a CAGR of 19.49 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need to increase the life of structures and buildings. The Construction Chemicals market in India has also been witnessing the emergence of eco-friendly construction chemicals. However, the lack of standardization of construction chemicals could pose a challenge to the growth of this market.
The emergence of eco-friendly construction chemicals is one of the emerging trends in the Construction Chemicals market in India. As a result of the increasing focus on energy conservation and eco-friendliness, the need for green buildings and green products has increased across industries in India. The Infrastructure industry is no exception, and there is also a domino effect on the sub-industries of the Infrastructure industry. Thus, the emergence of eco-friendly products is one of the major trends in the Construction Chemicals market in India, and it is expected to have a positive influence on the growth of the market during the forecast period. Environmentally friendly materials such as water-based coatings, green coatings, and insulation coatings are required for the constructing of green buildings. For instance, insulation coating on the roof and walls of a building acts as an insulator, providing a cooling effect, which reduces energy consumption and the load on air conditioners.
The need to increase the life of structures and buildings is one of the major drivers in the Construction Chemicals market in India. During the last decade, India has witnessed a number of buildings collapse, which has affected thousands of people in the country. The use of low-quality products in construction projects still poses a severe threat to the safety of the people in the country. The threat is not confined to residential buildings; it is spread across other structures such as bridges, tunnels, ports, airports, monuments, and highways. Therefore, builders have started to use construction chemicals in order to increase the durability of structures. Construction chemicals protect structures from environmental hazards. Moreover, they improve the anti-corrosion properties of buildings, enhance waterproofing, and help in the laying of strong and abrasion-resistant flooring.
The key vendors dominating this market space are Fosroc International Ltd., Sika Group, BASF SE, Pidilite Industries Ltd. And Chryso S.A.S. The other vendors mentioned in the report are Chowgule Construction Technologies Pvt. Ltd., CICO Technologies Ltd., STP Ltd., and Chembond Chemicals Ltd.
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