MAKING IT WORK

Construction chemicals and waterproofing are a necessary component in real estate and infrastructure projects

- Molly R

Construction chemicals are widely used in the construction of residential, industrial, com-mercial and infrastructure projects. Residen-tial building has the major market share for construction chemicals followed by commercial buildings. Residential building is expected to maintain its dominance in the global construction chemical market because of the increasing number of residential projects.

Increasing demand for public, commercial and residential buildings combined with increasing urban population is driving the global construction chemical market. Additionally, the increasing disposable income of individuals has created a demand for better-quality residential buildings, acting as a growth driver for the global construction chemical market. Demand for buildings, roads, bridges, tunnels and dams is further driving the market.

Nilotpol Kar, MD, Master Builders Solutions India, says, “Demand is returning to normal. The construction projects that witnessed a hit due to manpower challenges are returning to normalcy. Business sentiment is positive what with the IMF projecting an impressive 11.5% growth rate for India in 2021 and in February we witnessed a boost in infrastructure development. The construction chemicals business has been a derived demand of the quantum of infra projects underway alongside consumption in the building sector and poised to grow.”