Mumbai, India -- Increasing disposable income in India has spelled boom time for the construction chemicals market, as building contractors realise the importance of using these products for better quality constructions, says research from Frost & Sullivan (chemicals.frost.com).
India's construction industry has been growing at 15-20 percent year on year, mainly on the strength of increased manufacturing activities, industrial growth, and heightened investments - especially by the government - in infrastructure and real estate.
"Indian Construction Chemicals Market" is part of F&S's Chemicals & Materials Growth Partnership Services programme, which includes research in the Indian polyurethanes market and others such as polyolefins.
The report finds that the market earned revenues of Rs 12 700 million in 2008 and estimates this to reach Rs 31050 million in 2015. In this research, Frost & Sullivan's analysts examine the following markets: polymer based, inorganic based, and epoxies.