India Repair and Rehabilitation Construction Chemicals demand in India observed commendable growth till 2018 and is projected to grow at a CAGR of 6.25% in the forecast period.
India Repair and Rehabilitation market includes a number of compounds that are used in every stage of construction activity, right from foundation to finishing and repair. These chemicals help to safeguard the infrastructures against extreme environmental calamities. The rehabilitation and repair segment of construction chemicals make up a significant volume of total share of construction chemicals. As eco-friendly construction has become one of the emerging needs in the 21st century, the demand for new eco-friendly repair and rehabilitation chemicals has been hitting new positive fronts. Therefore, any advancement in the construction techniques or processes is bound to have a direct effect on the market fundamentals of repair and rehabilitation chemical market. Construction Repair and Rehabilitation chemicals are divided into concrete floor repairing chemicals, rust removers, corrosion inhibitors, repair mortars, moisture insensitive epoxies etc.
Onset of Covid-19 in the final quarter of 2019 has brought the entire world to a standstill. As per the available statistics, automotive and construction sector all around the globe have faced drastic fallouts. While the overall construction market has dived tragically, repair and rehabilitation of existing infrastructure that have been widely affected by natural hazards during the lockdown period, has bolstered the demand for these construction chemicals in the tough times of pandemic. However, the exacerbated slowdown in the construction industry is a huge constraint in the growth of repair and rehabilitation chemical market in the coming 2-3 years. In the long run, relief measures and schemes provided by the government can help construction chemical industries to rebound from the devastating impact of this global contagion. Moreover, rapid industrialization prevailing from the government initiative of ‘Atmanirbhar Bharat’ is likely initiate construction activities and will thus propel the growth of this market in years to come.
Some of the leading players operating in India Repair and Rehabilitation Construction Chemicals market include Pidilite Industries Limited, Fosroc Chemicals India Pvt. Ltd., CICO Technologies etc. To overcome the prevailing uncertainties in the construction industry, market players are emphasizing towards improved marketing strategies and long-term contract to withhold the revenues. Likewise, Pidilite industry has established a huge marketing campaign focusing the sales of waterproof chemical products for lasting repair and maintenance purpose.
Years Considered for this Report:
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
Objective of the Study:
• The primary objective of the study was to evaluate and forecast Repair and Rehabilitation Construction Chemicals capacity, production, demand, and demand – supply gap in India.
• To categorize Repair and Rehabilitation Construction Chemicals demand based on application, method, product, region and sales channel.
• To study trade dynamics and company share in India Repair and Rehabilitation Construction Chemicals market.
• To identify major customers of Repair and Rehabilitation Construction Chemicals in India.
• To identify and profile major companies operating in India Repair and Rehabilitation Construction Chemicals market.
• To identify major news, deals and expansion plans in India Repair and Rehabilitation Construction Chemicals market.
Major players operating in global Repair and Rehabilitation Construction Chemicals market include Masters Builders Solution India Private Limited, CICO Technologies Limited, Pidilite Industries Limited, Fosroc Chemicals India Private Limited, Mapei Construction Products India Private Limited, Chembond Chemicals Limited, Flowcrete India, Sika India Private Limited Dow Chemicals International Private Limited, W.R. Grace & Co. India Private Limited. In July 2020, BASF India Limited transferred its construction chemical business to Master Builders Solution India Private Limited, as a part of its strategic reform.
Prices of Repair and Rehabilitation Construction Chemicals market are highly susceptible to the country’s macroeconomic factors and prices of the raw material. Prices of two types of Repair and Rehabilitation Construction Chemicals are market above. The demand for Repair and Rehabilitation chemicals witnessed a sudden downtrend in 2020 on the repercussions following the outbreak of Coronavirus, leaving the construction and automotive industry to a standstill. Due to the unfavorable shift in the market fundamentals, in 2020 prices of both Repair Mortars and Rust Removers of Repair and Rehabilitation Chemicals witnessed a fall by over 5 per cent from previous fiscal year,
To extract data for India Repair and Rehabilitation Construction Chemicals market, primary research surveys were conducted with Repair and Rehabilitation Construction Chemicals manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for India Repair and Rehabilitation Construction Chemicals market over the coming years.
ChemAnalyst calculated Repair and Rehabilitation Construction Chemicals demand in India by analyzing the historical data and demand forecast was carried out considering raw material prices and macroeconomic factors. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Repair and Rehabilitation Construction Chemicals manufacturers, importers, suppliers and other stakeholders
• Organizations, forums and alliances related to Repair and Rehabilitation Construction Chemicals distribution
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Repair and Rehabilitation Construction Chemicals manufacturers, distributors and policy makers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
Report Scope:
In this report, the India Repair and Rehabilitation Construction Chemicals market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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Market, by Applications
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Residential, Non-residential, Commercial
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Market, by Method
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Concrete Jacketing, Steel Jacketing, FRP Wrapping
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Market, by Product
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Repair Mortars, Polyester and Epoxy-Based Resin Mortars, Moisture Insensitive Epoxies, Structural Additives, Concrete Floor Repairing Chemicals, Synthetic Adhesives Corrosion Inhibitors and Rust Removers
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Market, by Sales Channel
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Direct/Institutional Sales, Retail Sales, Other Channel Sales
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Market, by Region
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North, West, East and South
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Competitive Landscape
ChemAnalyst offers detailed analysis of major players including basic company details, Segmental/product information, financial matrices, growth strategies, expansion plans, collaborations, SWOT analysis etc.to give a comprehensive and meaningful insights on the respective product market.
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