Growing construction activities and increasing agricultural productivity in the country are expected to drive the India Ferrocement Market.
According to TechSci Research report, “India Ferrocement Market - By Region, Competition Forecast & Opportunities, 2028,” India Ferrocement Market is increasing due to the demand for affordable housing in urban areas due to growing urban population. As a result, government in India is more likely to start public housing programs, which has increased demand for ferrocement buildings.
Based on application, agriculture is the dominant segment in India Ferrocement Market, as agriculture in India has a major social and economic influence. In India, agriculture supports about 58% of the population and generates around 20.19% of the Country’s GDP. A young and growing population and rapid urbanization are significant issues affecting agriculture in the India region. Construction of canals, dam gates, cross-drainage work, aqua-ducts, and penstocks are only a few examples of how cement is used extensively in agriculture.
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In terms of regional analysis, the India Ferrocement Market is segmented into West, South, North, and East. The North Region held a dominant market share in India Ferrocement Market in 2022. Due to the abundance of natural resources and the country's ideal agricultural climate, India's economy has historically been based on primary industries. Some of the key contributors to the GDP and the economic engine are the manufacturing, wholesale and retail commerce, financial services, transportation, mining, agricultural, and tourism sectors.
Based on manufacturing process, Centrifuging is the dominant segment in India's Ferrocement Market as Ferrocement can be formed into any needed shape, and is more suitable for particular constructions like shells, roofs, water tanks, etc. Centrifuging processes are widely used to create solid cylindrical components. Tension pipes are made of ferrocement pipes that were centrifugally poured. Applying mortar can be done in three different ways: centrifuging, guniting, and the semi-automated hand plastering technique. Concrete cylindrical units are frequently made using the centrifuging technique. The initial fracture resistance of ferrocement has been found to be higher than that of conventional reinforced concrete.
The majority of the nation's population has access to its primary raw materials. Any desired shape may be created out of it and learning how to build with ferrocement is simple. Ferrocement construction does not use large gear or factories. Due to its low self-weight, toughness, and adaptability, it can be widely used.
Ferrocement technology is a flexible, cutting-edge innovation that can cater to the many economic, social, and cultural needs of the community. In the past two decades, ferrocement has gained popularity and has proven to provide safe design and construction of ferrocement structures. Depending on the nature and location of the application, ferrocement precast roofing panels can be economically competitive with other materials.
Key market players in the India Ferrocement Market include:
- M/s Ganesh Ferrocement Works
- Tara Nirman Kendra
- Ferro Build
- Prefer Industries
- Ferro Concrete Construction (India) Pvt Ltd
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Ferrocement can be used to create a range of structural elements, including shells, walls, floors, roofs, and foundations. They have a high level of impermeability, thin walls, light weight, and durability. It combines the advantages of steel's high strength and thin sections. Additionally, it does not require shuttering or formwork for casting. All types of civil construction, including water and soil retaining structures, building components, large-scale space structures, bridges, domes, dams, boats, conduits, bunkers, silos, and sewage, and water treatment facilities, use cement.
“Due to India's expanding urban population, there is an increasing demand for cheap housing in metropolitan areas. Governments in India-based countries are therefore more inclined to launch public housing initiatives, which has raised demand for cement construction in those countries and many more factors will drive the market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Ferrocement Market By Application (Agriculture, Water Supply & Sanitation, Rural Energy, Housing, Marine, Others), By Manufacturing Process (Centrifuging, Guniting, Semi Mechanized, Hand Plastering), By Region, Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth potential of India Ferrocement Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the India Ferrocement Market.