NEW YORK, August 2, 2016 /PRNewswire/ --
Rising construction and infrastructure development activities coupled with growing urbanization and commercialization to drive India naphthalene and polycarboxylate (PCE) admixtures market through 2021
According to TechSci Research report, "Ind ia Naphthalene and PCE based Admixtures Market By Type, Competition Forecast & Opportunities, 2011 - 2021", naphthalene and polycarboxylate (PCE) admixtures market in India is projected to reach US$ 683 million by 2021. Strong growth in construction sector, increasing government emphasis on infrastructure development and implementation of stringent regulatory norms is expected to continue boosting demand for naphthalene and polycarboxylate (PCE) based admixtures in India over the next five years. Government of India announced plans to invest US$14.7 billion for development of 100 smart cities and 500 cities under Atal Mission for Rejuvenation and Urban Transformation (AMRUT) program. Additionally, under "Housing for All by 2022" scheme, government plans to construct houses in rural areas of the country. This is projected to drive demand for concrete admixtures in India through 2021. Few of the major naphthalene and PCE based admixtures manufacturers operating in the country include BASF, SIKA and Fosroc, among others.
Browse 23 market data Tables and 60 Figures spread through 124 Pages and an in-depth TOC on
"India Naphthalene & PCE Based Admixtures Market"
Real estate sector in India stood at US$113.4 billion and is expected to reach US$158 billion by 2017, on account of increasing construction of multi-storey residential buildings as well as non-residential buildings including hospitals, educational institutions and offices. Easing FDI norms in the construction sector is also positively influencing demand for naphthalene and PCE based admixtures in India. In 2015, infrastructure sector in India was valued at around US$ 93 billion and the sector is expected to grow further on account of increasing government investments. In the Union Budget, 2016-2017, Government of India has planned an outlay of US$ 14.5 billion for the road sector. On account of large investments being made on infrastructural developments, demand for construction material as well as concrete admixtures is expected to increase through 2021.
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"India concrete admixture market is dominated by PCE based admixtures due to their ability to provide relatively higher strength to concrete, durability to structures and reduce water consumption in construction materials as compared to naphthalene based concrete admixtures. PCE based concrete admixtures are preferred over naphthalene based as they can be used with various grades of concrete. Additionally, increasing shortage of residential facilities in metropolitan cities has propelled construction of multi-storey residential buildings and this is accelerating consumption of PCE based admixtures in the country.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"India Naphthalene and PCE based Admixtures Market By Type, Competition Forecast & Opportunities, 2011 - 2021" has evaluated the future growth potential of India naphthalene and polycarboxylate (PCE) admixtures market and provides statistics and information on market size, structure and future market growth. The report intends 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 essential drivers, challenges and opportunities in India naphthalene and polycarboxylate (PCE) admixtures market.
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