India Flooring Resins Market Size
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Study Period | 2018 - 2030 |
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Market Size (2024) | USD 289.84 Million |
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Market Size (2030) | USD 446.29 Million |
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Largest Share by End Use Sector | Industrial and Institutional |
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CAGR (2024 - 2030) | 7.46 % |
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Fastest Growing by End Use Sector | Commercial |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Flooring Resins Market Analysis
The India Flooring Resins Market size is estimated at 289.84 million USD in 2024, and is expected to reach 446.29 million USD by 2030, growing at a CAGR of 7.46% during the forecast period (2024-2030).
289.84 Million
Market Size in 2024 (USD)
446.29 Million
Market Size in 2030 (USD)
3.50 %
CAGR (2018-2023)
7.46 %
CAGR (2024-2030)
Largest Market by Sub Product
49.26 %
value share, Epoxy, 2023
The epoxy segment holds the largest share due to its widespread use in commercial and industrial flooring for various applications in offices, restaurants, hotels, the tool industry, etc.
Fastest Market by Sub Product
9.21 %
Projected CAGR, Acrylic, 2024-2030
With fast-paced growth in new floor areas, especially from the residential and commercial sectors, coupled with rising applications in the industrial sector, acrylic resin is expected to witness the fastest growth.
Largest Market by End Use Sector
69.27 %
value share, Industrial and Institutional, 2023
The sector occupied the largest market share due to the increasing consumption of flooring resins due to their high resistance properties to oil, water, and lubricants from the chemical, pharmaceutical, food industries, etc.
Fastest Market by End Use Sector
9.14 %
Projected CAGR, Commercial, 2024-2030
Growing investments in construction for IT Hubs, coupled with increasing consumption of flooring resins for malls, offices, etc., are expected to drive the demand in the sector during the forecast period.
Leading Company
12.60 %
market share, Kansai Paint Co.,Ltd., Ltd.
The company's dominance in the market can be attributed to its large product portfolio and strong distribution channels in the country.
The rise in demand for office space is likely to drive the demand for flooring resins in the market
- The consumption value of flooring resins in India witnessed a growth of 6.78% in 2022 compared to the previous year due to increasing demand from the industrial & institutional and commercial construction sectors. In 2023, the country’s flooring resins market was estimated to account for 7.52% of the overall Asia-Pacific flooring resins market.
- The industrial and institutional sector is the country’s largest consumer of flooring resins, accounting for around 70% in 2022. The industrial and institutional new floor area in the country is projected to reach 682 million square feet in 2030 from 591 million square feet in 2023, owing to increased investment in the construction of industrial and healthcare sectors. Furthermore, growing urbanization and industrialization further aid the country's market growth. As a result, the flooring resins segment for the industrial sector is projected to increase by USD 439 million in 2030 as compared to 2023.
- The country’s commercial sector is expected to be the fastest-growing consumer of flooring resins, with the highest CAGR of 9.20% during the forecast period. The commercial new floor area in the country is expected to reach 830 million square feet in 2023, owing to the rise in demand for shopping malls & centers, office and retail space, and others. For instance, India’s Grade A office market across the top seven cities is expected to grow to around 1 billion square feet in size by 2026 and to reach 1.2 billion square feet by 2030. As a result, the country's flooring resins market for the commercial sector is projected to reach USD 97.74 million in 2030 from USD 52.79 million in 2023.
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India Flooring Resins Market Trends
India’s Grade A office market is expected to reach 1.2 billion sq. ft by 2030 and is likely to drive the demand for the commercial construction sector
- In 2022, India's new commercial floor area saw a 6.2% volume growth compared to 2021. The retail sector, particularly in the top seven cities (Delhi NCR, Bangalore, Hyderabad, Mumbai, Pune, Chennai, and Kolkata), witnessed robust demand, adding over 2.6 million sq. ft of mall space, a 27% increase from 2021. Looking ahead to 2023, the sector's new floor area is expected to surge by 38 million sq. ft, driven by a surge in foreign direct investment (FDI) fueling the need for new offices, retail outlets, and other facilities. Notably, the FDI equity inflow for construction development in 2023 was projected to hit USD 96 million.
- In 2020, India's commercial new floor area plummeted by 68.3% in volume compared to 2019. This decline was primarily due to a nationwide lockdown imposed by the government, which disrupted ongoing projects, strained supply chains, and impacted labor availability. However, as restrictions eased in 2021, the country witnessed a significant rebound, with the new floor area surging by approximately 526 million sq. ft. Additionally, 2021 saw a notable uptick in green building initiatives, with around 55% of commercial projects embracing sustainability, further bolstering the demand for the sector.
- Looking ahead to 2030, India's commercial new floor area is projected to hit 358 million sq. ft, a significant jump from 2023. This surge drives a growing appetite for shopping malls, office spaces, and other commercial facilities. For instance, India's Grade A office market in the top seven cities is set to expand to 1 billion sq. ft by 2026 and further to 1.2 billion sq. ft by 2030. Consequently, the country's commercial new floor area is poised to witness a robust CAGR of 5.26% during the forecast period.
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Rise in demand for housing units and increasing real estate sector to boost residential sector demand
- In 2022, India witnessed a 9.4% growth in residential floor area, outpacing the previous year. The demand for housing in the country surged, with the top seven cities (Delhi NCR, Bangalore, Hyderabad, Mumbai, Pune, Chennai, and Kolkata) collectively adding approximately 402,000 new units, marking a 44% increase from 2021. In Q1 2023, housing sales in these cities reached 1.14 lakh units, a staggering jump of over 99,500 units from the previous year. Consequently, it was projected that the residential new floor area in India would expand by approximately 71 million sq. ft in 2023 compared to 2022.
- In 2020, the residential sector in India faced a setback, witnessing a 6.25% decline in new floor area compared to the previous year. This decline was attributed to the nationwide lockdown, disruptions in the supply chain, labor shortages, reduced construction productivity, and a dip in foreign investments. However, in 2021, the Indian residential real estate market rebounded, adding around 163,000 new residential units across the top seven cities. This surge translated into a significant increase of about 649 million sq. ft in the residential sector's new floor area in 2021 compared to 2020.
- Looking ahead, the residential sector in India is poised to exhibit a CAGR of 2.95% in terms of volume from 2023 to 2030. This growth can be attributed to sustained housing demand, increased investments, and favorable government policies. Notably, by 2030, it is projected that over 40% of India's population will reside in urban areas, driving a demand for approximately 25 million additional affordable housing units. Furthermore, by 2030, the residential real estate market is expected to hit 1.5 million units in key cities, further fueling the demand in the sector.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Indian warehousing space is expected to reach around 500 million sq. ft by 2030 and is likely to boost the industrial and institutional sector demand
- India plans to invest USD 4.5 trillion in infrastructure development by 2030, which will increase demand for the construction sector
India Flooring Resins Industry Overview
The India Flooring Resins Market is fragmented, with the top five companies occupying 35.46%. The major players in this market are Asian Paints PPG Pvt. Ltd., Kansai Paint Co.,Ltd., MBCC Group, Sika AG and The Sherwin-Williams Company (sorted alphabetically).
India Flooring Resins Market Leaders
Asian Paints PPG Pvt. Ltd.
Kansai Paint Co.,Ltd.
MBCC Group
Sika AG
The Sherwin-Williams Company
Other important companies include 3M, Akzo Nobel N.V., Henkel AG & Co. KGaA, Jemkon Pvt. Ltd., RPM International Inc..
*Disclaimer: Major Players sorted in alphabetical order.
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India Flooring Resins Market News
- May 2023: The Sherwin-Williams Company introduced SofTop Comfort flooring solutions, an addition to its seamless resinous flooring portfolio that provides comfort, excellent aesthetics, and sustainability.
- May 2023: Sika, a global leader in construction chemicals, acquired the MBCC Group, including its waterproofing solutions, anchors & grouts, flooring resins, repair & rehabilitation chemicals, and other businesses, with the exception of its concrete admixture operations in Europe, North America, Australia, and New Zealand.
- July 2022: The Sherwin-Williams Company acquired Dur-A-Flex Inc. to provide more value and a higher level of service as the go-to partner in resinous flooring.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on newly built floor area, infrastructural spending, and existing construction floor area across residential, commercial, industrial and institutional sectors.
India Flooring Resins Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 End Use Sector Trends
- 4.1.1 Commercial
- 4.1.2 Industrial and Institutional
- 4.1.3 Infrastructure
- 4.1.4 Residential
- 4.2 Major Infrastructure Projects (current And Announced)
- 4.3 Regulatory Framework
- 4.4 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)
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5.1 End Use Sector
- 5.1.1 Commercial
- 5.1.2 Industrial and Institutional
- 5.1.3 Infrastructure
- 5.1.4 Residential
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5.2 Sub Product
- 5.2.1 Acrylic
- 5.2.2 Epoxy
- 5.2.3 Polyaspartic
- 5.2.4 Polyurethane
- 5.2.5 Other Resin Types
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 3M
- 6.4.2 Akzo Nobel N.V.
- 6.4.3 Asian Paints PPG Pvt. Ltd.
- 6.4.4 Henkel AG & Co. KGaA
- 6.4.5 Jemkon Pvt. Ltd.
- 6.4.6 Kansai Paint Co.,Ltd.
- 6.4.7 MBCC Group
- 6.4.8 RPM International Inc.
- 6.4.9 Sika AG
- 6.4.10 The Sherwin-Williams Company
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR CONCRETE, MORTARS AND CONSTRUCTION CHEMICALS CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- FLOOR AREA OF NEW COMMERCIAL CONSTRUCTION, SQUARE FEET, INDIA, 2018 - 2030
- Figure 2:
- FLOOR AREA OF NEW INDUSTRIAL AND INSTITUTIONAL CONSTRUCTION, SQUARE FEET, INDIA, 2018 - 2030
- Figure 3:
- SPENDING ON INFRASTRUCTURE PROJECTS, USD, INDIA, 2018 - 2030
- Figure 4:
- FLOOR AREA OF NEW RESIDENTIAL CONSTRUCTION, SQUARE FEET, INDIA, 2018 - 2030
- Figure 5:
- VALUE OF FLOORING RESINS CONSUMED, USD, INDIA, 2018 - 2030
- Figure 6:
- VALUE OF FLOORING RESINS CONSUMED BY END USE SECTOR, USD, INDIA, 2018 - 2030
- Figure 7:
- VALUE SHARE OF FLOORING RESINS CONSUMED BY END USE SECTOR, %, INDIA, 2018 VS 2023 VS 2030
- Figure 8:
- VALUE OF FLOORING RESINS CONSUMED IN COMMERCIAL SECTOR, USD, INDIA, 2018 - 2030
- Figure 9:
- VALUE SHARE OF FLOORING RESINS CONSUMED IN COMMERCIAL SECTOR, BY SUB PRODUCT, %, INDIA, 2023 VS 2030
- Figure 10:
- VALUE OF FLOORING RESINS CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, USD, INDIA, 2018 - 2030
- Figure 11:
- VALUE SHARE OF FLOORING RESINS CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, BY SUB PRODUCT, %, INDIA, 2023 VS 2030
- Figure 12:
- VALUE OF FLOORING RESINS CONSUMED IN INFRASTRUCTURE SECTOR, USD, INDIA, 2018 - 2030
- Figure 13:
- VALUE SHARE OF FLOORING RESINS CONSUMED IN INFRASTRUCTURE SECTOR, BY SUB PRODUCT, %, INDIA, 2023 VS 2030
- Figure 14:
- VALUE OF FLOORING RESINS CONSUMED IN RESIDENTIAL SECTOR, USD, INDIA, 2018 - 2030
- Figure 15:
- VALUE SHARE OF FLOORING RESINS CONSUMED IN RESIDENTIAL SECTOR, BY SUB PRODUCT, %, INDIA, 2023 VS 2030
- Figure 16:
- VALUE OF FLOORING RESINS CONSUMED BY SUB PRODUCT, USD, INDIA, 2018 - 2030
- Figure 17:
- VALUE SHARE OF FLOORING RESINS CONSUMED BY SUB PRODUCT, %, INDIA, 2018 VS 2023 VS 2030
- Figure 18:
- VALUE OF ACRYLIC FLOORING RESINS CONSUMED, USD, INDIA, 2018 - 2030
- Figure 19:
- VALUE SHARE OF ACRYLIC FLOORING RESINS CONSUMED BY END USE SECTOR, %, INDIA, 2023 VS 2030
- Figure 20:
- VALUE OF EPOXY FLOORING RESINS CONSUMED, USD, INDIA, 2018 - 2030
- Figure 21:
- VALUE SHARE OF EPOXY FLOORING RESINS CONSUMED BY END USE SECTOR, %, INDIA, 2023 VS 2030
- Figure 22:
- VALUE OF POLYASPARTIC FLOORING RESINS CONSUMED, USD, INDIA, 2018 - 2030
- Figure 23:
- VALUE SHARE OF POLYASPARTIC FLOORING RESINS CONSUMED BY END USE SECTOR, %, INDIA, 2023 VS 2030
- Figure 24:
- VALUE OF POLYURETHANE FLOORING RESINS CONSUMED, USD, INDIA, 2018 - 2030
- Figure 25:
- VALUE SHARE OF POLYURETHANE FLOORING RESINS CONSUMED BY END USE SECTOR, %, INDIA, 2023 VS 2030
- Figure 26:
- VALUE OF OTHER RESIN TYPES FLOORING RESINS CONSUMED, USD, INDIA, 2018 - 2030
- Figure 27:
- VALUE SHARE OF OTHER RESIN TYPES FLOORING RESINS CONSUMED BY END USE SECTOR, %, INDIA, 2023 VS 2030
- Figure 28:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, INDIA, 2020 - 2023
- Figure 29:
- MOST ADOPTED STRATEGIES, COUNT, INDIA, 2020 - 2023
- Figure 30:
- REVENUE SHARE OF ALL FLOORING RESINS BY MAJOR PLAYERS, %, INDIA, 2022
India Flooring Resins Industry Segmentation
Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Acrylic, Epoxy, Polyaspartic, Polyurethane are covered as segments by Sub Product.
- The consumption value of flooring resins in India witnessed a growth of 6.78% in 2022 compared to the previous year due to increasing demand from the industrial & institutional and commercial construction sectors. In 2023, the country’s flooring resins market was estimated to account for 7.52% of the overall Asia-Pacific flooring resins market.
- The industrial and institutional sector is the country’s largest consumer of flooring resins, accounting for around 70% in 2022. The industrial and institutional new floor area in the country is projected to reach 682 million square feet in 2030 from 591 million square feet in 2023, owing to increased investment in the construction of industrial and healthcare sectors. Furthermore, growing urbanization and industrialization further aid the country's market growth. As a result, the flooring resins segment for the industrial sector is projected to increase by USD 439 million in 2030 as compared to 2023.
- The country’s commercial sector is expected to be the fastest-growing consumer of flooring resins, with the highest CAGR of 9.20% during the forecast period. The commercial new floor area in the country is expected to reach 830 million square feet in 2023, owing to the rise in demand for shopping malls & centers, office and retail space, and others. For instance, India’s Grade A office market across the top seven cities is expected to grow to around 1 billion square feet in size by 2026 and to reach 1.2 billion square feet by 2030. As a result, the country's flooring resins market for the commercial sector is projected to reach USD 97.74 million in 2030 from USD 52.79 million in 2023.
| End Use Sector | Commercial |
| Industrial and Institutional | |
| Infrastructure | |
| Residential | |
| Sub Product | Acrylic |
| Epoxy | |
| Polyaspartic | |
| Polyurethane | |
| Other Resin Types |
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Market Definition
- END-USE SECTOR - Flooring resins consumed in the construction sectors such as commercial, residential, industrial, institutional, and infrastructure are considered under the scope of the study.
- PRODUCT/APPLICATION - Under the scope of the study, the consumption of flooring resin products based on epoxy, polyaspartic, polyurethane, acrylic, and other resins are considered.
| Keyword | Definition |
|---|---|
| Accelerator | Accelerators are admixtures used to fasten the setting time of concrete by increasing the initial rate and speeding up the chemical reaction between cement and the mixing water. These are used to harden and increase the strength of concrete quickly. |
| Acrylic | This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation. |
| Adhesives | Adhesives are bonding agents used to join materials by gluing. Adhesives can be used in construction for many applications, such as carpet laying, ceramic tiles, countertop lamination, etc. |
| Air Entraining Admixture | Air-entraining admixtures are used to improve the performance and durability of concrete. Once added, they create uniformly distributed small air bubbles to impart enhanced properties to the fresh and hardened concrete. |
| Alkyd | Alkyds are used in solvent-based paints such as construction and automotive paints, traffic paints, flooring resins, protective coatings for concrete, etc. Alkyd resins are formed by the reaction of an oil (fatty acid), a polyunsaturated alcohol (Polyol), and a polyunsaturated acid or anhydride. |
| Anchors and Grouts | Anchors and grouts are construction chemicals that stabilize and improve the strength and durability of foundations and structures like buildings, bridges, dams, etc. |
| Cementitious Fixing | Cementitious fixing is a process in which a cement-based grout is pumped under pressure to fill forms, voids, and cracks. It can be used in several settings, including bridges, marine applications, dams, and rock anchors. |
| Commercial Construction | Commercial construction comprises new construction of warehouses, malls, shops, offices, hotels, restaurants, cinemas, theatres, etc. |
| Concrete Admixtures | Concrete admixtures comprise water reducers, air entrainers, retarders, accelerators, superplasticizers, etc., added to concrete before or during mixing to modify its properties. |
| Concrete Protective Coatings | To provide specific protection, such as anti-carbonation or chemical resistance, a film-forming protective coat can be applied on the surface. Depending on the applications, different resins like epoxy, polyurethane, and acrylic can be used for concrete protective coatings. |
| Curing Compounds | Curing compounds are used to cure the surface of concrete structures, including columns, beams, slabs, and others. These curing compounds keep the moisture inside the concrete to give maximum strength and durability. |
| Epoxy | Epoxy is known for its strong adhesive qualities, making it a versatile product in many industries. It resists heat and chemical applications, making it an ideal product for anyone needing a stronghold under pressure. It is widely used in adhesives, electrical and electronics, paints, etc. |
| Fiber Wrapping Systems | Fiber Wrapping Systems are a part of construction repair and rehabilitation chemicals. It involves the strengthening of existing structures by wrapping structural members like beams and columns with glass or carbon fiber sheets. |
| Flooring Resins | Flooring resins are synthetic materials applied to floors to enhance their appearance, increase their resistance to wear and tear or provide protection from chemicals, moisture, and stains. Depending on the desired properties and the specific application, flooring resins are available in distinct types, such as epoxy, polyurethane, and acrylic. |
| High-Range Water Reducer (Super Plasticizer) | High-range water reducers are a type of concrete admixture that provides enhanced and improved properties when added to concrete. These are also called superplasticizers and are used to decrease the water-to-cement ratio in concrete. |
| Hot Melt Adhesives | Hot-melt adhesives are thermoplastic bonding materials applied as melts that achieve a solid state and resultant strength on cooling. They are commonly used for packaging, coatings, sanitary products, and tapes. |
| Industrial and Institutional Construction | Industrial and institutional construction includes new construction of hospitals, schools, manufacturing units, energy and power plants, etc. |
| Infrastructure Construction | Infrastructure construction includes new construction of railways, roads, seaways, airports, bridges, highways, etc. |
| Injection Grouting | The process of injecting grout into open joints, cracks, voids, or honeycombs in concrete or masonry structural members is known as injection grouting. It offers several benefits, such as strengthening a structure and preventing water infiltration. |
| Liquid-Applied Waterproofing Membranes | Liquid-Applied membrane is a monolithic, fully bonded, liquid-based coating suitable for many waterproofing applications. The coating cures to form a rubber-like elastomeric waterproof membrane and may be applied over many substrates, including asphalt, bitumen, and concrete. |
| Micro-concrete Mortars | Micro-concrete mortar is made up of cement, water-based resin, additives, mineral pigments, and polymers and can be applied on both horizontal and vertical surfaces. It can be used to refurbish residential complexes, commercial spaces, etc. |
| Modified Mortars | Modified Mortars include Portland cement and sand along with latex/polymer additives. The additives increase adhesion, strength, and shock resistance while also reducing water absorption. |
| Mold Release Agents | Mold release agents are sprayed or coated on the surface of molds to prevent a substrate from bonding to a molding surface. Several types of mold release agents, including silicone, lubricant, wax, fluorocarbons, and others, are used based on the type of substrates, including metals, steel, wood, rubber, plastic, and others. |
| Polyaspartic | Polyaspartic is a subset of polyurea. Polyaspartic floor coatings are typically two-part systems that consist of a resin and a catalyst to ease the curing process. It offers high durability and can withstand harsh environments. |
| Polyurethane | Polyurethane is a plastic material that exists in various forms. It can be tailored to be either rigid or flexible and is the material of choice for a broad range of end-user applications, such as adhesives, coatings, building insulation, etc. |
| Reactive Adhesives | A reactive adhesive is made of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Rebar Protectors | In concrete structures, rebar is one of the important components, and its deterioration due to corrosion is a major issue that affects the safety, durability, and life span of buildings and structures. For this reason, rebar protectors are used to protect against degrading effects, especially in infrastructure and industrial construction. |
| Repair and Rehabilitation Chemicals | Repair and Rehabilitation Chemicals include repair mortars, injection grouting materials, fiber wrapping systems, micro-concrete mortars, etc., used to repair and restore existing buildings and structures. |
| Residential Construction | Residential construction involves constructing new houses or spaces like condominiums, villas, and landed homes. |
| Resin Fixing | The process of using resins like epoxy and polyurethane for grouting applications is called resin fixing. Resin fixing offers several advantages, such as high compressive and tensile strength, negligible shrinkage, and greater chemical resistance compared to cementitious fixing. |
| Retarder | Retarders are admixtures used to slow down the setting time of concrete. These are usually added with a dosage rate of around 0.2% -0.6% by weight of cement. These admixtures slow down hydration or lower the rate at which water penetrates the cement particles by making concrete workable for a long time. |
| Sealants | A sealant is a viscous material that has little or no flow qualities, which causes it to remain on surfaces where they are applied. Sealants can also be thinner, enabling penetration to a certain substance through capillary action. |
| Sheet Waterproofing Membranes | Sheet membrane systems are reliable and durable thermoplastic waterproofing solutions that are used for waterproofing applications even in the most demanding below-ground structures, including those exposed to highly aggressive ground conditions and stress. |
| Shrinkage Reducing Admixture | Shrinkage-reducing admixtures are used to reduce concrete shrinkage, whether from drying or self-desiccation. |
| Silicone | Silicone is a polymer that contains silicon combined with carbon, hydrogen, oxygen, and, in some cases, other elements. It is an inert synthetic compound that comes in various forms, such as oil, rubber, and resin. Due to its heat-resistant properties, it finds applications in sealants, adhesives, lubricants, etc. |
| Solvent-borne Adhesives | Solvent-borne adhesives are mixtures of solvents and thermoplastic or slightly cross-linked polymers such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers. |
| Surface Treatment Chemicals | Surface treatment chemicals are chemicals used to treat concrete surfaces, including roofs, vertical surfaces, and others. They act as curing compounds, demolding agents, rust removers, and others. They are cost-effective and can be used on roadways, pavements, parking lots, and others. |
| Viscosity Modifier | Viscosity Modifiers are concrete admixtures used to change various properties of admixtures, including viscosity, workability, cohesiveness, and others. These are usually added with a dosage of around 0.01% to 0.1% by weight of cement. |
| Water Reducer | Water reducers, also called plasticizers, are a type of admixture used to decrease the water-to-cement ratio in the concrete, thereby increasing the durability and strength of concrete. Various water reducers include refined lignosulfonates, gluconates, hydroxycarboxylic acids, sugar acids, and others. |
| Water-borne Adhesives | Water-borne adhesives use water as a carrier or diluting medium to disperse resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a dilutant rather than a volatile organic solvent. |
| Waterproofing Chemicals | Waterproofing chemicals are designed to protect a surface from the perils of leakage. A waterproofing chemical is a protective coating or primer applied to a structure's roof, retaining walls, or basement. |
| Waterproofing Membranes | Waterproofing membranes are liquid-applied or self-adhering layers of water-tight materials that prevent water from penetrating or damaging a structure when applied to roofs, walls, foundations, basements, bathrooms, and other areas exposed to moisture or water. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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