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Indian Construction Chemicals - Overview
Last Updated: 14-Oct-2015
Indian construction chemical industry is estimated at INR 35 billion however with less than 3% of global share. The industry which comprises of water proofings, sealants, admixtures, tiling adhesives, additives etc., finds it share less compared to developed countries due to lack of awareness and site batch work. Admixture and waterproofing constitutes over 60% of the market. However, the industry is growing at a healthy rate of 15% in the last decade. Corrosion prevention is yet to catch up as site made plaster do not add such additives. Even insulating and finishing chemicals are not used in India due to lack of regulatory measures and high cost. Current, market leader in the segment are Pidilite Industries Limited, being closely followed by BASF India and Sika India.