Compound market

Indian Grouting Compounds Market to Exceed INR 170 crore by 2027


Boom in urban housing projects and increasing need for refurbishment to drive the Indian grouting compound market through 2027F.

According to TechSci Research report, “India Grouting Compounds Market By Product Type (Single, Multi), By Application (Residential, Commercial, Industrial), By Type (Tape, Tape, All Purpose, LITE Dry, Adjust) , By Region, Competition Forecast & Opportunities, 2017-2027 “The Indian Grouting Compounds market was valued at INR 122.61 crore in 2021 and is expected to grow at a CAGR of 5.76% to reach INR 170.15 crore d ‘by 2027. The growth of the Indian Grouting Compounds market can be attributed to the aging of building structures and the expansion of metro projects. cracks. Therefore, they are more and more used in the construction of metro stations. Besides, the expansion of Indian metro in various cities is expected to drive the market growth till 2027. The main priority of government i ndien being “housing for all” and infrastructure reforms, and the Smart Cities program, the demand for joint compounds in housing such as floors, ceilings and walls is growing steadily. In addition, the Indian government is focusing on construction development by adopting policies such as FDI regulations and huge budget allocations for the housing sector.

The sudden outbreak of COVID-19 negatively impacted infrastructure activities as the government ordered non-essential activities shut down. The slowdown in development projects coupled with a labor shortage has had a negative impact on market growth. However, after the lockdown, the market recovered to some extent with the opening of production units, manufacturing plants and other industries. The Indian Jointing Compounds market is expected to grow slightly and is expected to reach INR 170.15 crore by FY 2027.

Browse 29 market figures and 3 market tables spread over 99 pages and an in-depth table of contents on the “Joint Compounds Market in India”.

https://www.techsciresearch.com/report/india-jointing-compound-market/7970.html

The Indian Grouting Compounds market is segmented into product type, application, type, regional distribution, and company. Depending on the type of product, the market can be segmented into single and multi. A single segment accounted for the share of over 66% in 2021 and the segment is expected to continue to dominate until 2027. The expected growth of the segment can be attributed to the increasing application of jointing compounds in repairing ceiling cracks or walls of aging building structures. Usually, ceiling cracks are caused by structural damage or settlement due to earthquakes, floods, or other natural disasters. Single joint compounds are effective in repairing all of these types of cracks in buildings.

Sakarni Plaster (India) Private Limited, Saint-Gobain Gyproc India Ltd., USG Boral Building Products India Private Limited, India Gypsum Pvt Ltd., Jayswal Interiors Pvt Ltd., Dana Interiors Private Limited, Indus Industries Pvt. Ltd., Gyptech Systems Pvt Ltd., Durabuild Care Pvt. Ltd., KKS Gypsum India Pvt. Ltd., among others, are the major players operating in the Indian Grouting Compounds market. The market is strongly consolidated with five players representing 34% of the shares in 2021.

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“The Western region was the fastest growing region in the Pointing Compounds market, with a CAGR of 2.05% from 2017 to 2021, and the same trend is expected to continue over the forecast years. , with the Western region expected to grow at a CAGR of 6.12% from 2022-2027. Favorable government regulations for construction projects such as Mumbai Ahmedabad High Speed ​​Rail Corridor, Delhi-Mumbai Industrial Corridor Project, Mumbai 2034 Development Plan, Bengaluru Mumbai Industrial Corridor Project are expected to create new opportunities for industry players in the region, ”said Mr. Karan Chechi, Research Director at TechSci Research, a global research-driven management consultancy.

‘India Grouting Compounds Market by Product Type (Single, Multi), By Application (Residential, Commercial, Industrial), By Type (Bonding, Topping, All Purpose, LITE Drying, Setting), By Region, Competition Forecast and Opportunities, 2017-2027 ”assessed the future growth potential of the Indian Grouting Compounds market and provided statistics and information on the market size, shares, structure and future growth. The report aims to provide cutting edge market insights and help policymakers make sound investment decisions. In addition, the report also identifies and analyzes emerging trends as well as key drivers, challenges and opportunities in the India Sealants market.

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