Industry reports forecast that the bourgeoning Indian construction/building material industry is expected to record a CAGR of 15.7% y-o-y to reach US$ 738.5 billion by 2022. The key areas of expected growth are social infrastructure, educational institutions, hospitals, government accommodation, defense infrastructure, and water resources. India’s construction chemicals market is segmented as the infrastructure sector and residential & commercial sector. The infrastructure sector is likely to grow at a CAGR of 18.3%. The residential and commercial segment has a share of 34% in the overall Indian construction chemical market with a steady Y-o-Y growth of 16% in 2020.The infrastructure sector is expected to contribute 15% to the Indian economy by 2030 thereby navigating India to possibly become the 3rd largest construction market globally in the coming years.
AASC provides Feasibility Studies, Detailed Project Reports & Turnkey Implementation services along with a host of other services to get the business started and run profitably.
