In India, construction chemicals market is expected to record double-digit growth

The construction chemical industry in India is still in its infancy, but it has the potential for significant expansion.
By: Makreo Research and Consulting
 
MUMBAI, India - Nov. 14, 2022 - PRLog -- The construction chemical industry in India is still in its infancy, but it has the potential for significant expansion. With increasing government investments, infrastructural initiatives (such as Smart City, "Make in India," and Housing for All), and megaproject buildings across the country, the construction chemical sector is expected to rise. Even if the market is tiny, the future prospects for this industry are certain to be bright.

India's Construction Chemical Market is expected to grow at a CAGR of 15%, from 2022-27, owing to increasing infrastructural activities across the nation. India has seen heavy investment in R&D, which has led to emergence of new and better techniques of construction that gives an advantage in time, and cost, both in terms of generating profits from sales. RND increases the earning capacity of producers and leads to bigger profits.

Further Key Findings-
Impact of Covid-19:
The construction industry was one of the most hit by COVID-19, as it had already been dealing with a liquidity shortage as a result of the non-banking financial institutions' impact on the financial sector for more than a year. Because of a lack of money, several projects have gone undone. Because of shifting buyer tastes, those that were completed remained unsold.

RCC Frame Construction: RCC technology is used to create different types of structures including components of building like walls, slabs, etc. This process uses a wide variety of construction chemical that has many benefits like enhanced strength, integrity, and overall cost reduction.

Makreo Research and Consulting have published a study on Construction chemical performance in India titled, "India Construction Chemical Market and Future Outlook 2016-2027 – Demand by Product Type, End Use, Geography"; the study helps to understand the industry demand and supply and also assess the future performance.

There are several macroeconomic and microeconomic factors associated with construction chemicals and it is imperative to understand the correlation of those factors thus the study covers highly correlated factors. Market drivers and challenges have also been covered along with the Indian economy assessment. The report also entails a company assessment of the major players operating in the market in terms of their business developments and financial performance.

To know more about the research report, click on the below link:

India Construction Chemical Market and Future Outlook 2016-2027-Demand by Product Type, End Use, Geography (https://www.makreo.com/report/india-construction-chemical...)

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Location:Mumbai - Maharashtra - India
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Page Updated Last on: Dec 07, 2022
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