growth of the repair, rehabilitation & others segment from 12.7% in 2014 to 11.9% in 2020,
indicating a lack of inspection and maintenance in the construction industry in India.
On the basis of end use sectors, India construction chemical market is segmented as infrastructure
sector and residential & commercial sector. Infrastructure sector is likely to grow at a CAGR of
18.3%. The residential and commercial segment has a share of 34% in overall Indian construction
chemical market with a steady Y-o-Y growth of 16% in 2020.
From regional perspective, India construction chemical market is segmented into northern region,
eastern region, western region and southern region. Currently, northern region is expected to
experience highest CAGR of 17.8% as compared to other regions. Southern region is likely to create
an opportunity which is three times the value in 2013. The southern region comprises the states of
Tamil Nadu, Andhra Pradesh, Karnataka and Kerala. This region realises the potential of IT services
and hence are able to attract significant investment from these service and manufacturing
companies. Chemical and engineering industries are the main drivers of growth in western region
particularly in Maharashtra and Gujarat.
For Any Query on This Report Ask Us: http://www.futuremarketinsights.com/askus/rep-in-87
Key market participants covered in the report include BASF India, Pidilite, Sika India Pvt. Ltd., Forsoc
Chemicals (India) Ltd., Chembond Chemicals and CICO Technologies
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