Indian construction chemical market size expected to expand significantly over the next five years
After the effects of the pandemic outbreak started to subside, the Indian construction market has posted a strong growth recovery. The trend has further continued in H1 2023 on the back of higher government spending and housing construction activities. This growth in the broader construction market has also aided the growth of other construction-related industries, including construction chemical market. Firms in the segment, including those operating in the decorative paints category have showcased positive performance in terms of sales and volume growth in Q1 2023. The positive performance during the quarter has been largely driven by factors such as premium product offerings, distribution expansion, and new launches. Furthermore, the ease in prices of raw materials have also aided margin expansion for players in the decorative paints market in India. · Asian Paints, the leading firm in the Indian decorative paints market, r...