Booming construction industry to boost growth in Indian construction chemicals markets

New Delhi : Surging construction activity and 100 per cent FDI in real estate are giving a fillip to the construction chemicals markets in India, which grew by an estimated 24.1 per cent in 2006. Any company that realises the importance and potential of this nascent market - projected to grow at a compound annual growth rate (CAGR) of 21.9 per cent from 2007 to 2013 - can capitalise on considerable growth opportunities.

New analysis from Frost and Sullivan (http://www.chemicals.frost.com), Indian Construction Chemicals Markets, finds that the market revenue was estimated to be Rs 10 billion in 2006 and is likely to reach Rs 40 billion by 2013.