Construction Chemicals To Rake In US$ 2,600 Mn By End Of 2025
The general observation of the market shows that India is progressing rapidly in every industry sector. With rapid advancements taking place in every sphere, an exponential growth is foreseen in India’s construction and construction chemicals market. This research report titled ‘Construction Chemicals Market: India Industry Analysis 2012 – 2016 and Forecast 2017 – 2025’ reveals that the market is expected to reach a valuation of over US$ 2,600 Mn by the end of 2025, growing at a robust CAGR of 13.7% during the forecast period.
The Indian construction chemicals market is believed to be dominated by the ‘four brothers’, i.e. BASF India Limited, SIKA India Private Ltd., Fosroc Chemicals India Pty. Ltd, and Pidilite Industries Limited; which together contribute around 30%-80% of the market revenue. Among these companies, Pidilite marked the highest revenue generation of around US$ 840 Mn in 2016.
There are other companies too, which are expected to expand vigorously in India’s construction chemicals market, with concrete admixtures emerging as the most preferred product type.
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