Consumption of construction chemicals is set to go up in India
'Housing for All' and '100 Smart Cities', consumption of construction chemicals is set to go up along with robust growth in cement and construction sectors
Sep 15, 2015
Source : BS
Giles Everitt, MD, Chryso India


Rapid urbanisation is setting the pace of the Indian construction industry and, by extension, the construction chemicals market. The government’s ambitious ‘Housing for All’ and ‘100 Smart Cities’ programs are key growth drivers for the construction chemicals sector.

Construction chemicals are essential materials for any construction. Thanks to growing awareness in recent years, construction chemicals are increasingly used in residential and non-residential structures, as well as critical infrastructural projects like roads, bridges, power, ports and highways.
The main purpose of using construction chemicals is to enhance the strength, durability, economy and sustainability of concrete structures.
The construction chemicals market can be broadly classified into concrete admixtures, technical mortars,adhesives and sealants, waterproofing solutions, flooring compounds, repair and rehabilitation, and others.
Market dynamics
The Indian construction chemicals sector - termed as a sunrise industry - grew at an annual rate of 12 per cent between 2009 and 2014, from Rs 1,900 crore to around Rs 3,500 crore. The sector is expected to grow at 15 per cent over the next five years, reaching Rs 7,000 crore by 2019-20.
In fact, the industry is hopeful of much higher growth rates since a new pro-reform and pro-business government came to power in New Delhi in 2014.

Latest Realty News

Sep 15, 2015
JAIPUR: The Rajasthan Apartment Ownership Bill (2015), which was sent to the President of India for final approval, has been returned with proposed amendments.
Sep 15, 2015
Leading non-banking financial company (NBFC) Fullerton India Credit Company Ltd, a fully owned subsidiary of Singapore-based Fullerton Financial Holdings, has decided to float a housing finance company by November this year.
Sep 15, 2015
A sprawling seaside mansion in Mumbai, whose former owners include the US government and an Indian Maharaja, has been sold for Rs7.5bn ($113m) in the most expensive residential property deal in India’s history.
Sep 14, 2015
NEW DELHI: The real estate market in India has matured after the slowdown and investors now have a more realistic view about returns these days, says Robert Marten, managing director, Global Real Estate Institute (GRI), a global club of senior real estate investors, developers and lenders.
Sep 14, 2015
MASAIPET (Nalgonda): The grandiose plans for developing Yadadri on the lines of Tirumala, which were unveiled by the state government a few months ago, have begun taking a severe toll on the environment in the temple town. Large scale destruction of hillocks and felling of trees as well as conversion of agricultural lands into residential plots has become the order of the day, transforming the landscape of Yadagirigutta for miles around.
Sep 14, 2015
TRICHY: Concerns about sanitation, drainage and waster management remained high at a meeting of civil society members called by the city authorities on Saturday to seek their ideas on the proposal for the smart city project in Trichy.
Sep 14, 2015
NEW DELHI: Unauthorized harnessing of groundwater for construction purposes has caught the National Green Tribunal's attention which has issued notice to 14 builders in Delhi-NCR for extracting water flouting rules.
Sep 14, 2015
Hailing from an agrarian family of West Godavari district, he is a first generation builder from his family. Having studied at the AU Centre in Kakinada, he moved to the Port City nearly two decades ago and has, as the managing partner of MK Builders and Developers, been involved in construction of various housing projects in the city over the past 17 years. In an interview with Manish of TOI, K Rama Krishna Rao, chairman of the Confederation of Real Estate Developers Association of India (Creda
Sep 12, 2015
BHUBANESWAR: To ensure timely completion and proper management of infrastructure projects, the state government has decided to develop major roads, flyovers and railway over bridges through public private partnership mode.
Sep 12, 2015
MUMBAI: Three persons from Delhi and Pune were arrested on Thursday for forging digital signatures and presenting themselves as a company's directors on the Ministry of Corporate Affairs (MCA) website. The signatory details of the directors were suddenly changed in March and three new persons were fraudulently shown as directors.

Latest Realty News Of State

Realty Talk's