Booming Construction Industry Backed by Strong Economy to Boost Growth in Indian Construction Chemicals Markets
Construction chemicals, which were almost non-existent in the Indian construction industry around ten years back, are gaining increasing importance. Surging construction activity and 100 per cent FDI in real estate are giving a fillip to the construction chemicals markets in India, which grew by an estimated 24.1 per cent in 2006. Any company that realises the importance and potential of this nascent market – projected to grow at a compound annual growth rate (CAGR) of 21.9 per cent from 2007 to 2013 – can capitalise on considerable growth opportunities.
New analysis from Frost & Sullivan, Indian Construction Chemicals Markets, finds that the market revenue was estimated to be Rs 10.0 billion in 2006 and is likely to reach Rs 40.0 billion by 2013.
If you are interested in more information on this study, send an email to Remi Chaterjee/ Nimisha Iyer, Corporate Communications, at frost.com with your full name, company name, title, telephone number, fax number, and email address. Upon receipt of the above information, we will contact you.
Full story: newswiretoday.com
New analysis from Frost & Sullivan, Indian Construction Chemicals Markets, finds that the market revenue was estimated to be Rs 10.0 billion in 2006 and is likely to reach Rs 40.0 billion by 2013.
If you are interested in more information on this study, send an email to Remi Chaterjee/ Nimisha Iyer, Corporate Communications, at frost.com with your full name, company name, title, telephone number, fax number, and email address. Upon receipt of the above information, we will contact you.
"The Indian Government’s approval for allowing 100 percent FDI in the real estate sector has given a major boost to the already fast growing construction industry,"note Frost & Sullivan Industry Analyst Dominic Britto.
"Construction chemicals accounts for only 2 percent of overall construction costs, but the benefits are in multiples; rising awareness about such advantages coupled with the growth in the construction industry is set to drive the Indian market for construction chemicals."The construction industry is the key end user of construction chemicals that includes construction of infrastructure, industries, as well as commercial and residential buildings. Construction chemicals are also used for repair and maintenance of these structures and comprise around 11 per cent of the total demand. Rising awareness, changing lifestyles and, most importantly, the increasing spending power of end users will be the key drivers in the sustained expansion of the Indian construction chemicals market...
Full story: newswiretoday.com
