India Ferrocement Market Expected to Grow at Higher CAGR in the Forecast Period 2028
Growing construction
activities and increasing agricultural productivity in the country are expected
to drive the India Ferrocement Market.
According to TechSci Research
report, “India Ferrocement Market- By Region, Competition Forecast &
Opportunities, 2028,” India Ferrocement Market is increasing due to the
demand for affordable housing in urban areas due to growing urban population.
As a result, government in India is more likely to start public housing
programs, which has increased demand for ferrocement buildings.
Based on application,
agriculture is the dominant segment in India Ferrocement Market, as agriculture
in India has a major social and economic influence. In India, agriculture
supports about 58% of the population and generates around 20.19% of the Country’s
GDP. A young and growing population and rapid urbanization are
significant issues affecting agriculture in the India region. Construction of
canals, dam gates, cross-drainage work, aqua-ducts, and penstocks are only a
few examples of how cement is used extensively in agriculture.
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In terms of regional
analysis, the India Ferrocement Market is segmented into West, South, North, and
East. The North Region held a dominant market share in India Ferrocement Market
in 2022. Due to the abundance of natural resources and the country's ideal
agricultural climate, India's economy has historically been based on primary
industries. Some of the key contributors to the GDP and the economic engine are
the manufacturing, wholesale and retail commerce, financial services,
transportation, mining, agricultural, and tourism sectors.
Based on manufacturing
process, Centrifuging is the dominant segment in India's Ferrocement Market as Ferrocement
can be formed into any needed shape, and is more suitable for particular constructions
like shells, roofs, water tanks, etc. Centrifuging processes are widely used to
create solid cylindrical components. Tension pipes are made of ferrocement
pipes that were centrifugally poured. Applying mortar can be done in three
different ways: centrifuging, guniting, and the semi-automated hand plastering
technique. Concrete cylindrical units are frequently made using the centrifuging
technique. The initial fracture resistance of ferrocement has been found to be
higher than that of conventional reinforced concrete.
The
majority of the nation's population has access to its primary raw materials.
Any desired shape may be created out of it and learning how to build with
ferrocement is simple. Ferrocement construction does not use large gear or
factories. Due to its low self-weight, toughness, and adaptability, it can
be widely used.
Ferrocement
technology is a flexible, cutting-edge innovation that can cater to the many
economic, social, and cultural needs of the community. In the past two decades,
ferrocement has gained popularity and has proven to provide safe design and
construction of ferrocement structures. Depending on the nature and location of
the application, ferrocement precast roofing panels can be economically
competitive with other materials.
Key market
players in the India Ferrocement Market include:
- M/s Ganesh
Ferrocement Works
- Tara Nirman Kendra
- Ferro
Build
- Prefer Industries
- Ferro Concrete Construction (India) Pvt Ltd
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Ferrocement can
be used to create a range of structural elements, including shells, walls,
floors, roofs, and foundations. They have a high level of impermeability, thin
walls, light weight, and durability. It combines the advantages of steel's high
strength and thin sections. Additionally, it does not require shuttering or
formwork for casting. All types of civil construction, including water and
soil retaining structures, building components, large-scale space structures,
bridges, domes, dams, boats, conduits, bunkers, silos, and sewage, and water
treatment facilities, use cement.
“Due to India's
expanding urban population, there is an increasing demand for cheap housing in
metropolitan areas. Governments in India-based countries are therefore more inclined
to launch public housing initiatives, which has raised demand for cement
construction in those countries and many more factors will drive the market,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“India Ferrocement Market By
Application (Agriculture, Water Supply & Sanitation, Rural Energy, Housing,
Marine, Others), By Manufacturing Process (Centrifuging, Guniting, Semi
Mechanized, Hand Plastering), By Region, Competition Forecast &
Opportunities, 2018-2028,” has evaluated the
future growth potential of India Ferrocement Market and provides statistics and information on market structure, size,
share, and future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in the India
Ferrocement Market.
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