India Naphthalene and Polycarboxylate Admixtures Market to Cross $ 680 Million by 2021
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, “India 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.
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Admixtures Market"
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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 202
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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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