Construction Chemical Market Size in India, 2014 - 2020

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Future Market Insights (FMI) released a new report titled “India Construction Chemical Market – Market Analysis and Opportunity Assessment, 2014-2020”. According to the report, the Indian economy has grown impressively during the last decade; doubling at least during this time. Infrastructure development, and consequently the construction sector were given prime focus during this period. Value-wise, the contribution of the construction sector to India’s GDP increased from 6.1% in 2002–03 to around 6.9% in 2006–07, and is further estimated to account for approximately 9% in 2015. Furthermore, growth in the construction sector has remained healthy, and during the last five year has been growing at a Y-o-Y of over 10%. Focus on physical infrastructure was quite apparent with the government initiated high-investment programmes such as National Highways Development Programme (NHDP) and Pradhan Mantri Gram SadakYojana (PMGSY). Private companies on the other hand concentrated on industrial, commercial and residential infrastructure during this time. Major investment coupled with rapid growth in the construction sector and demand for sustainable construction considerably increased the demand for construction chemicals. Despite the fact that the use of construction chemicals increases the cost of a project, it also renders multi-fold benefit to the structures and consequently the investors. The construction chemicals market in the country reached US $ 528 Mn in 2012, as a result of the cumulative impact of economic and infrastructure development, demand for commercial and residential spaces, government initiatives and vertical growth in urban India. The market is estimated to be worth around US $ 728 Mn in 2014, reporting a Y-o-Y growth of 17.4% over 2013. Admixtures, flooring chemicals, waterproofing compounds, adhesives and sealants and repair and rehabilitation are five major segments in the industry. Of these, admixture is the largest segment, accounting for around 40% of the total market in terms of value. Browse the full "India Construction Chemical Market Analysis & Opportunity Assessment, 2014 - 2020" report at