The Market
India at the Centre of Global Construction
India is the fastest-growing large construction market in the world. And it is still at the beginning.
By the 2040s, India is expected to account for a disproportionate share of incremental global construction demand. Multinationals are not waiting to see how this plays out. They are already here.
The Market
India at the Centre of Global Construction
India is the fastest-growing large construction market in the world. And it is still at the beginning.
By the 2040s, India is expected to account for a disproportionate share of incremental global construction demand. Multinationals are not waiting to see how this plays out. They are already here.
The Market
India at the Centre of Global Construction
India is the fastest-growing large construction market in the world. And it is still at the beginning.
By the 2040s, India is expected to account for a disproportionate share of incremental global construction demand. Multinationals are not waiting to see how this plays out. They are already here.
What Is Driving It
- INR 111 lakh crore National Infrastructure Pipeline through 2030
- Urban housing demand across tier 1, 2, and 3 cities
- Industrial and logistics expansion tied to global supply chain realignment
- Retrofitting of ageing assets creating sustained, non-cyclical demand
- Tightening safety and environmental standards raising the floor on material quality
What Is Driving It
- INR 111 lakh crore National Infrastructure Pipeline through 2030
- Urban housing demand across tier 1, 2, and 3 cities
- Industrial and logistics expansion tied to global supply chain realignment
- Retrofitting of ageing assets creating sustained, non-cyclical demand
- Tightening safety and environmental standards raising the floor on material quality
The Construction Chemicals Market
India:
USD 8-9B by
2030
Waterproofing, admixtures, repair, and flooring are the fastest-growing segments. Growth is increasingly infrastructure and retrofit-driven, not dependent on new construction cycles.
Global:
USD 90-100B by
2030
Structurally linked to green buildings, retrofitting, and durability upgrades. India will contribute a disproportionate share of that incremental demand.
The Construction Chemicals Market
India: USD 8-9B by 2030
Waterproofing, admixtures, repair, and flooring are the fastest-growing segments. Growth is increasingly infrastructure and retrofit-driven, not dependent on new construction cycles.
Global: USD 90-100B by 2030
Structurally linked to green buildings, retrofitting, and durability upgrades. India will contribute a disproportionate share of that incremental demand.
Global Trade:
The Export Moment
India-EU FTA (2026)
97.5% of India’s chemical export basket now enters the EU duty-free, replacing tariffs of up to 12.8%
India-EFTA TEPA (2025)
Preferential access to Switzerland, Norway, Iceland, and Liechtenstein; linked to USD 100B investment commitment over 15 years
ASEAN-India AITIGA (review targeted 2026)
Further reduction in non-tariff barriers across India’s most natural export corridor
EU CBAM from January 2026
Carbon documentation is now a procurement requirement, not a differentiator
For Indian manufacturers meeting quality and compliance standards, the export window is open across Europe, the Middle East, and Southeast Asia simultaneously.
Global Trade:
The Export Moment
India-EU FTA (2026)
97.5% of India’s chemical export basket now enters the EU duty-free, replacing tariffs of up to 12.8%
India-EFTA TEPA (2025)
Preferential access to Switzerland, Norway, Iceland, and Liechtenstein; linked to USD 100B investment commitment over 15 years
ASEAN-India AITIGA (review targeted 2026)
Further reduction in non-tariff barriers across India’s most natural export corridor
EU CBAM from January 2026
Carbon documentation is now a procurement requirement, not a differentiator
For Indian manufacturers meeting quality and compliance standards, the export window is open across Europe, the Middle East, and Southeast Asia simultaneously.
Global Trade:
The Export Moment
India-EU FTA (2026)
97.5% of India’s chemical export basket now enters the EU duty-free, replacing tariffs of up to 12.8%
India-EFTA TEPA (2025)
Preferential access to Switzerland, Norway, Iceland, and Liechtenstein; linked to USD 100B investment commitment over 15 years
ASEAN-India AITIGA (review targeted 2026)
Further reduction in non-tariff barriers across India’s most natural export corridor
EU CBAM from January 2026
Carbon documentation is now a procurement requirement, not a differentiator
For Indian manufacturers meeting quality and compliance standards, the export window is open across Europe, the Middle East, and Southeast Asia simultaneously.
Regional Demand:
Where the Orders Come From
Middle East
Saudi Arabia: USD 81.6B market by 2030 (Vision 2030). UAE: USD 130.8B by 2029.
High demand for waterproofing, corrosion control, fire protection, and high-performance flooring.
ASEAN
Indonesia alone is projected at USD 226B by 2034.
New capital city, urban transit, and 3 million homes annually. Climate conditions align well with Indian systems.
Regional Demand:
Where the Orders Come From
Middle East
Saudi Arabia: USD 81.6B market by 2030 (Vision 2030). UAE: USD 130.8B by 2029.
High demand for waterproofing, corrosion control, fire protection, and high-performance flooring.
ASEAN
Indonesia alone is projected at USD 226B by 2034.
New capital city, urban transit, and 3 million homes annually. Climate conditions align well with Indian systems.
Where the Global Majors Are Investing
- Saint-Gobain completed its acquisition of Fosroc for over USD 1 billion in early 2025 – its fourth major construction chemicals acquisition in recent years, following Chryso, GCP, and Ovniver. Combined construction chemicals sales now exceed €6.5 billion across 76 countries, with India and the Middle East as stated growth priorities.
- Sika completed its €5.3 billion acquisition of MBCC Group in 2023, and has been expanding admixture and waterproofing capacity in India to serve metro and expressway infrastructure projects.
- Pidilite, India’s largest domestic player in the segment, has been expanding production facilities and launching next-generation waterproofing and admixture systems aimed at infrastructure-scale projects.
- Mapei, BASF (Master Builders Solutions), UltraTech Cement, and Nippon Paint have all made recent moves – through acquisitions, new product launches, or facility expansions – to deepen their presence in the Indian construction chemicals market.
The signal is consistent: global capital is flowing into this segment, and India is one of the primary destinations.
ICON is where this market comes together. India sits at the intersection of infrastructure scale, sustainability mandates, and export viability. The positioning window is now.
Exhibit at I-CON 2027 and position your business inside the ecosystem where this growth gets decided.
Exhibit at I-CON 2027 and position your business inside the ecosystem where this growth gets decided.
April 7–9, 2027
Bombay Exhibition Centre, Mumbai