TIKIDAN has a very strong product portfolio in its offerings for sustainable construction
Globally, the construction industry accounts for almost 10% of the GDP. Surging population and urbanization are driving the need for sustainable infrastructure, housing and eco-friendly products. Infrastructure is crucial to any economy, particularly emerging markets, as their growth rate is high. Speed of construction, energy conservation, lower carbon foot-print, quality and lifespan of structures are the drivers for increased use of construction chemicals.
- HIMANSHU AGRAWAL,
President, Tiki Tar Danosa India Pvt. Ltd.
What is your view on the construction chemicals market presently?
Globally, the construction industry accounts for almost 10% of the GDP. Surging population and urbanization are driving the need for sustainable infrastructure, housing and eco-friendly products. Infrastructure is crucial to any economy, particularly emerging markets, as their growth rate is high. Speed of construction, energy conservation, lower carbon foot-print, quality and lifespan of structures are the drivers for increased use of construction chemicals. The global construction chemicals market estimated at USD 42 billion in 2021 is expected to grow to USD 72 billion by 2030 at a CAGR of 6.5% between 2022 and 2030. In India, government initiatives on infrastructure projects, and programmes such as Housing for all, Smart Cities, etc., have provided the required thrust to the growth of the construction industry which in turn is driving the demand for construction chemicals. This market is expected to grow between 10-12% CAGR for India due to a very high thrust on the infrastructure and housing sector.
How is urbanisation and infrastructure driving the demand for construction chemicals?
Urbanization in India has forced a high focus on the infrastructure sector development. Airports, highways, bridges, high speed & metro rails, tunnels, commercial spaces and residential sector are being constructed to cater to the rising population and urbanization which is driving the construction industry at a very fast pace. The need for fast pace sustainable construction has increased the demand for construction chemicals many-folds. Infrastructure construction accounts for almost 60-65% of the Indian construction chemicals market. For the urban projects, apart from reputed Indian consultants and architects, many international designers are taking up projects in India. These consultants due to their international expertise, exposure to global trends in construction design by international codes/standards are further fueling the growth of construction chemicals.
How do you compare the demand trend of construction chemicals in urban and rural markets?
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. However, lack of proper codes and standards for many aspect of construction leaves it for the consultant or user to decide the technology to be used, often leading to results below the desired levels. In the rural market, though the penetration of construction chemicals is abysmally low due to lack of awareness in the user and most construction happening without proper consultants/architects, the construction chemical usage is increasing as efforts are being made by construction chemical manufacturers to create awareness and provide technical support for the use of such chemicals.
What are the key products and solutions offered by your company in construction chemicals?
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.
Noise pollution is highly responsible for high anxiety levels amongst people and gradually India is awakening to this fact. For the commercial and residential spaces, TIKIDAN provides Acoustic Solutions (Sound Insulation) for various requirements which can considerably bring down the sound decibel in structures.
India being a tropical country where summer temperatures are extremely high and in some cold regions the temperatures in winters are sub-zero, the power-consumption to air-condition the interiors is very high and costly. TIKIDAN provides thermal insulation solutions to the construction industry which can effectively bring down the power consumption up to 35%.
High performance industrial flooring demand is rising and TIKIDAN provides resin (epoxy and polyurethane) floor toppings to provide high-functional floors apart from enhancing the aesthetics.
TIKIDAN also provides solutions for corrosion resistance, sealing of construction and expansion joints, concrete curing compounds, etc.
How are you responding towards the changing needs of customers for enhanced quality products?
TIKIDAN has a high focus on R&D to continuously adapt to the ever-changing needs of the construction industry. There is continuous re-engineering in the formulations and production process to enhance the product performance as per the market demand. From sourcing of raw materials to production of finished goods, a zero-tolerance policy on quality has put TIKIDAN on the list of preferred-supplier of building materials and construction chemicals for our customers. A QMS in place with stringent quality control and tests at every stage of production ensures that our customers are delivered with the highest quality products. Regular training of the team for high customer focus and quality products and services is our way to maintain very high quality standards.
What are the growth opportunities of construction chemicals in future?
The construction industry in India is growing at a very fast pace and the need for sustainable construction focused on life-cycle, construction speed, energy efficiency, environment and carbon foot-print and economics, is fueling the growth of construction chemical industry. India's growth for the next 25-30 years will not slow down as it moves to a USD 5 trillion economy and beyond. Due to continuous rising population and urbanization, the needs of infrastructure and residential sector construction will only grow further. The current government's focus on building highways and connecting the country would fuel further settlements and both city and rural growth along the stretches of these highways. 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.
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