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Freedonia Market Research Press Releases Construction Chemical Demand in India to Grow 7.7% Annually Through 2027

Construction Chemical Demand in India to Grow 7.7% Annually Through 2027

by Corinne Gangloff

November 2, 2023

India will have the fastest growth of any country.

Cleveland OH, November 2, 2023 – According to a new study by The Freedonia Group, Global Construction Chemicals, demand for construction chemicals in India is forecast to rise 7.7% per year to $3.5 billion in 2027. This will be the fastest pace of any country globally, and these significant gains will be boosted by:

  • healthy increases in construction activity, particularly the construction of housing and infrastructure to meet the needs of an expanding urban population

  • increasing intensity of construction chemical use as the construction sector develops and labor costs begin to rise

  • growing personal incomes, supporting at-home DIY improvement and repair projects

Products that are widely used in housing, including caulks and adhesives, grouts and mortars, and protective coatings and sealers, will benefit from continued healthy growth in residential building construction. Increasing investments in industrial and manufacturing facilities will boost demand for polymer flooring.

SPF will remain a minor product segment, due to India’s generally warm climate. However, rapid gains will occur due to increasing energy consumption regulations, which will boost its use in building construction.

Government-sponsored infrastructure improvement projects will boost demand for asphalt additives and cement and concrete additives.

About The Freedonia Group
The Freedonia Group, a division of MarketResearch.com, is a premier international business research company, providing clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. The Freedonia Group’s brands also include Packaged Facts, a trusted provider of consumer market research on food & beverage, pet products and services, demographics, and financial services, and Simba Information, the leading authority for market intelligence and forecasts on the education and professional publishing industries. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.

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