India Construction Chemical Market will Increase at a CAGR of 5.9% during 2014-2020
Verfasser: Monicafmi31 on Friday, 5 May 2017India construction chemicals market has been experiencing significant growth; however, it is still at growing phase when compared to other regional and domestic markets. Construction chemicals are added with construction materials in order to improve its workability, enhance performance, add functionality, improve chemical resistance or enhance durability of civil structures. Over past few years, increasing infrastructure development activities, investment in commercial and residential housing and renovation activities of historical monuments, water retention structure, bridges and other civil structures have led to significant consumption of construction chemicals across India.
The market for construction chemicals in India is projected to exhibit a promising CAGR of 17.2% between 2014 and 2020. The India Construction Chemicals market is estimated to reach a market value of US$1,890 million by 2020. The India construction chemicals market is at a nascent stage and is attracting a lot of attention from foreign as well as domestic market participants including infrastructure developers, chemical manufacturers and institutional investors regarding set up of construction chemicals production facilities making foray into manufacturing operations in India.
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