Speakers for the Construction Chemicals Session during the 4th Edition of NextGen Chemicals & Petrochemicals Summit organised by Indian Chemical News, India's No. 1 news portal on Chemical, Petrochemical and Energy are: Rahul Tikoo, MD & CEO, Optime Specialities Pvt. Ltd.; Rajive Shah, Managing Director, Sauradip Chemical Industries; Mahesh Bhanushali, Managing Director, Mcon Rasayan India; and Amol Patil, BDM - Target Market Concrete, Sika India. The moderator of the session is Pravin Prashant, Executive Editor, Indian Chemical News. 

Indian Chemical News is organising a panel discussion on “Construction Chemicals: The Rising Opportunities” during ‘NextGen Chemicals & Petrochemicals Summit 2024’ on July 11, 2024.

The 4th Edition of NextGen Chemicals & Petrochemicals Summit 2024 will be held on July 11-12, 2024 at the Novotel Mumbai International Airport, Mumbai. The theme of this year’s Summit-cum-Conference is "Transforming India into a Global Manufacturing Hub.”

Please register for the Summit by clicking on the link (https://www.indianchemicalnews.com/nextgen-chemical-and-petrochemical-summit-2024/register.php). 

Points to be covered during the session are: Demand and supply Scenario; Minimising/Reducing carbon footprint in products; Environmental concerns and green construction; Better performance and sustainable products; Better thermal efficiency products; Water reduction and fire retardant products; Product innovations; and Regulatory complexities and adherences

India's plans to invest US$ 4.5 trillion in infrastructure development by 2030 has opened big growth prospects for the construction chemicals market in India.

At present, India's construction chemicals market ranks third globally in profitability and India is the leader in terms of growth. According to the latest market data, the construction chemicals market size in India is expected to reach from approximately US$ 3.30 billion in 2024 to US$ 5.02 billion by 2030, growing at a CAGR of 7.24 per cent during 2024-30. The market is primarily driven by rapid urbanization, infrastructure development and increasing construction activities in residential, commercial and industrial sectors.

The government's focus on infrastructure development, such as roads, bridges, airports, and smart cities, is creating a significant demand for construction chemicals. Also, the increasing population and rapid urbanization are driving the demand for affordable housing. Moreover, the growth of industries, such as manufacturing, chemicals, pharmaceuticals, and automotive, is driving the demand for specialized construction chemicals.

With the aging infrastructure in India, there is a significant need for retrofitting and repair of existing structures. Increasing awareness among contractors, engineers, and architects about the benefits of using construction chemicals is fuelling market demand. The focus on enhancing building lifespan, reducing maintenance costs, and improving structural integrity is driving the adoption of these chemicals.

Hence, manufacturers are focusing on developing advanced construction chemicals with improved properties and performance. This includes products with enhanced durability, higher resistance to chemicals and environmental factors, faster curing time, and reduced carbon footprint.

Overall, the construction chemicals market in India is poised for significant growth due to various factors, including infrastructure development, residential and industrial construction, retrofitting and repair needs, and the growing adoption of sustainable practices. Manufacturers and suppliers in this industry have opportunities to tap into these growing segments and offer innovative solutions to meet the evolving needs of the construction sector in India.

The Summit is supported by DCM Shriram Chemicals as principal partner, Somaiya Vidyavihar University as academia partner, Cadmatic as platinum partner and Andhra Pradesh Economic Development Board (APEDB), Govt. of Andhra Pradesh as state partner. 

Gold partners for NextGen Chemicals & Petrochemicals are: Epsilon Carbon, Forbes Marshall, Gharda Chemicals, Indofil Industries, Ingenero, IPCO, Jaaji Technologies, Moglix, PIP, Port of Antwerp - Bruges, RIECO and Re Sustainability. Associate Partners are: HPCL and Nuberg EPC. Supporting partners are: Aarayaa Advisory Services, Archroma, India Glycols and Tata Steel Special Economic Zone and industry association partners are: ACFI, AMAI, CropLife India, Gujarat Chemical Association and PMFAI.