CONSTRUCTIVE SOLUTIONS

The changing needs of the customers in line with the quality and strength of the projects is driving the demand for different types of construction chemicals. Construction Times highlights the latest product and application trends in construction chemicals.

The construction chemicals industry in India is termed as a 'sunrise industry', growing at a significant rate. This growth is due to increasing government investments in infrastructural projects and rising construction spanning across all sectors. The Indian construction chemicals market is expected to grow by significantly in the coming years. Construction chemicals play a crucial role in the building and construction industry. Owing to their low consumer recognition, use of construction chemicals is not high in India, but with proper understanding of this industry, the demand is expected to increase.

Market overview

The global construction chemicals market estimated at US$42 billion in 2021 is expected to grow to US$72 billion by 2030 at a CAGR of 6.5% between 2022 and 2030. The Indian construction chemical market sales are expected to reach around US$1,500 million by the end of 2022, registering a Y-o-Y growth of approximately 13%. India's increasing construction activity in various key segments, particularly infrastructure, housing, industrial and commercial segments is driving the demand for construction chemicals. On the latest market trends, Anil Anjanappa, Executive Director, Tremco CPG India, “This rapid urbanization will accelerate the demand for affordable housing, connected transport systems, other infrastructure, and commercial structures, which in turn increase the demand and consumption of construction chemical materials. With the growing investments in the infrastructure sector, India construction chemicals market is also experiencing stellar growth.”

Products & technology trends

With the new-age construction projects demand better quality and strength in construction, there is a growing need for suitable construction chemical products to achieve these requirements. Leading players are in the process of designing and developing new range of products and solutions. Tremco CPG India is a market leader in the manufacture of construction chemical products including seamless industrial and commercial resin flooring solution, waterproofing systems, roofing with insulation, glazing solution, systems for joints & durable sealants, admixtures, passive fire protection product, repair solution, fibres as well as other specialist construction products and coatings. “We are continuously developing and launching new technologies and high-performance products in market for the benefit of customers. Our recent innovations include spray applied technology products in different chemistries (Polyurea, Polyurethane), roof waterproofing solutions for both new construction and refurbishment market, superior speciality admixtures, new age seamless flooring solutions for commercial segments (epoxy terrazzo, flaked systems, MMA flooring, natural stone flooring etc.), says Anjanappa. 

Sushil Kathar, Managing Director, Penetron India, says, “Penetron started with Crystalline Waterproofing & concrete repair products and over the years, we have focussed on enhancing the life of concrete and we have been successfully able to introduce our product for enhancing the concrete durability.”

TIKIDAN has a very strong product portfolio in its offerings for sustainable construction. “Waterproofing is a pain-point for every building as it not only destroys the aesthetics of a building but also leads to decreased life-span of structure and is a health-hazard for inhabitants due to high humidity and fungus growth. TIKIDAN offers a holistic solution for all waterproofing needs of a structure in the infrastructure and building space. Whether it is underground construction or wet areas or podiums/roofs/terraces, we provide a wide range of products/solutions from pre-formed membranes to liquid membranes to integral waterproofing to satisfy the needs of absolute water-tightness of any structure,” elaborates Himanshu Agrawal, President, Tiki Tar Danosa India. TIKIDAN provides Acoustic Solutions (Sound Insulation) for various requirements which can considerably bring down the sound decibel in structures, apart from solutions for corrosion resistance, sealing of construction and expansion joints, concrete curing compounds, etc.

Growth trends

According to Kathar, with urbanisation and infrastructure development, construction chemical demand will only increase, especially as we want a sturdy structure. “Just in one financial year 2021-22, Mumbai added 110,000 housing unit sales. The housing sector is booming in every nook and corner of the country. Add to this, the push by the government in the Infrastructure sector on roads, highways and other infrastructure projects has created a huge demand for construction chemicals in India,” he points out.

Anjanappa mirrors the same view as he says, “Increasing trend of urbanisation drastically increases the demand for commercial, residential, and large number of industrial buildings and this accelerates the demand for construction chemical products.”

Agrawal is of the view, “As compared to countries like Japan, Europe or USA, the use of construction chemicals in India - though increasing - is still very much on the lower side. The demand for high-performance construction chemicals in the urban market is increasing with the user becoming more aware about the life-cycle benefits of using the right products.”

Outlook positive

The market outlook of construction chemicals looks positive with the way construction activities are evolving in the country with scale and quality are growing together. In this scenario, the construction chemicals will see further demand in the coming years.

According to Anjanappa, the key industrial segment which is set to experience an massive growth in the coming years include automotive because of EV market growth, data centres, food and beverage, pharmaceuticals etc. He also highlights, “Many buildings in India are over 40 to 50 years old and need extensive renovation work. Rising renovation and redevelopment of old structures across India, increasing awareness about construction quality and growing preference for utilization of ready-mix concrete (RMC) in infrastructure projects is expected to boost the overall demand of this segment.”

Kathar observes, “With the increase in demand for urban housing and the past pace of infrastructure development, the construction chemical industry is likely to see a growth of 25% YoY for next decade.”

“Overall, the construction chemical market in India would grow at a CAGR of 10-12% over the next 15-20 years which will be almost double than a global growth,” Agrawal concludes.

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