BURNABY, Canada, January 20, 2016 /PRNewswire/ --
Rising government and private investments in the construction sector to fuel growth in India construction chemicals market through 2020
According to TechSci Research report, "Construction Chemicals Market in India By Type, By Application & Competition Forecast and Opportunities, 2010 - 2020", construction chemical market in India is projected to grow at a CAGR of over 15% during 2015-2020, due to increasing construction activities and rising government and private investments in infrastructure and real estate sectors. In addition, 100% FDI policy of the government in real estate industry is further anticipated to boost growth in India construction chemicals market during 2015 - 2020. The 12th Five Year Plan is also expected to have a positive impact on the country's construction chemicals market, as the Government of India plans to make infrastructure investments amounting to USD1.025 trillion by 2017.
Changing consumer lifestyles, especially of the country's robustly expanding middle class population, is driving demand for quality construction of residential structures, thereby augmenting demand for construction chemicals in India. The real estate sector accounted for the largest share in India construction chemicals market in 2014, on account of rising disposable income, increasing number of nuclear families and rising investments in both residential and corporate structures. This sector is expected to maintain its dominance in India construction chemicals market in the coming years, due to implementation of government policies such as 100% FDI in real estate business and 'Housing for All by 2020'.
"Growing adoption of the green building concept and various proposed smart city projects is anticipated to fuel demand for construction chemicals market in India during 2015 - 2020. In August 2015, Government of India released a list of 98 smart city projects, which is expected to generate strong growth opportunities in India construction chemicals market in the coming years. The trend in India's construction industry is gradually changing, with the interest of public and private investors gradually shifting towards high quality construction. Rising adoption of advanced construction technologies, raw materials and chemicals is anticipated to drive the country's construction chemicals market during 2015 - 2020.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"Construction Chemicals Market in India By Type, By Application & Competition Forecast and Opportunities, 2010 - 2020" has analyzed the potential of construction chemicals market in India, and provides statistics and information on market size, shares and trends. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with major drivers, challenges and opportunities in India construction chemicals market.
About TechSci Research:
TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.
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