Construction Chemical Market Worth US$ 1,890 Mn by 2020

Construction chemicals are added to construction materials in order to improve their workability, performance, functionality, chemical resistance and durability. Utilisation of construction chemicals has witnessed significant growth over the past decade due to increasing infrastructure development activities in developing economies. The report analyses the India construction chemicals market in terms of market value (US$ Mn), segment, end user, and regions, providing information regarding market dynamics, competitive landscape, current trends, market estimations and forecast. Government regulations based on the concept of ‘Green Revolution’, increase in foreign investment activities, urbanisation, and growing preference for utilisation of ready-mix concrete (RMC) are some of the prominent factors that are driving the growth of the construction chemicals market in India. A few challenges faced by this market are low availability of skilled manpower, volatility in raw material prices, and lack of interest for implementation of quality standards by infrastructure developers.