We have recently developed new technology products with different chemistries

- ANIL ANJANAPPA

Executive Director, Tremco CPG India Pvt Ltd

What is your view on the construction chemicals market presently?

India's 'sunrise industry', the construction chemicals industry is experiencing growth at a rapid pace. India 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%. The construction chemicals market is expanding significantly as a result of India's increasing construction activity in various key segments, particularly infrastructure, housing, industrial and commercial segments. Key players are focusing on the expansion of their business and have installed various manufacturing facilities across India to capture a major share of the market and remain in a leading position in this segment. The players are focused on strengthening their product portfolios to meet the customer needs and expanding their market footprint through the strategic acquisition of companies with similar interest in the market.

How is urbanisation and infrastructure driving the demand for construction chemicals?

The population of India is expected to reach 1.6 billion by the year 2048, with urban population reaching 675 million by 2035. 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. On the infrastructure front, the demand is there from the asphalt and concrete roads and highways, repairing of old roads, underground tunnelling, bridges, dams, the Bharatmala and Sagarmala projects.

What are the key products and solutions offered by the company in construction chemicals?

Tremco Construction Products Group (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.)

Tremco CPG India is a part of wider global Tremco Construction Products Group company (one of the RPM Inc operating division) headquartered in Cleveland, Ohio (USA).

RPM International Inc. ($6.7 billion) is a conglomerate with subsidiaries that manufacture and market high performance specialty coatings, sealants and building materials.

Tremco CPG is a powerful union of some of the world's most trusted & leading chemical and coatings technology brands owned by RPM Inc (Tremco, Euclid Chemical, Willseal, Flowcrete, Nullifire, Illbruck, Dryvit and Vandex).

What are the growth opportunities of construction chemicals in future?

Rising investments (domestic and international), Government's initiatives like Make in India, Smart City and Housing for all projects, growth in number of infrastructural projects and resultant spending increases the construction activities driving the growth for construction chemicals. 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. 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. 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. 

How are you responding towards the changing needs of customers for enhanced quality products?

We believe in innovation, and we are purely a customer-centric organisation. We do and develop what our customers want to make their life easy and simple, thereby building durable structures. Tremco CPG India is a part of global conglomerate (RPM Inc) and its products strictly adhere to the international quality standards. Our R&D systems are accredited, and we believe that any new product development should focus on addressing the existing concerns of our customers. We have recently developed new technology products with different chemistries and have been successful in building volumes to the new launches. Few of them are TREMproof Micorea S5, Tremproof Micorea S3 (both are polyurea spray applied products), Blueshield PmB (spray applied system of polyurethane chemistry), epoxy resin terrazzo flooring (Mondeco Earth) which has been used across multiple airports in the country, decorative flakes flooring, MMA flooring which gives the advantage of ultra-fast cure benefit. Additionally, we recently launched non-sticky high performance specialty admixtures (Plastol Ultra range), Roof waterproofing solution which has been successful in US market (AlphaGuard BIO, Solargard 6083). Structural concrete fibers (Tuf-Strand SF) are used to reduce or replace the use of steel in concrete reinforcement thus reducing the CO2 footprint drastically. More products are in the pipeline for infrastructure market segments like bridge waterproofing, roads, tunnels, dams etc.

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