The construction chemical market in India has been growing at the unprecedented rate of 14-16 per cent year on year over the past five years, according to Basab Saha, Business Head, Dow Construction Chemicals, South Asia.
“We’re getting a greater number of large volume orders for bigger projects,” affirms Sanjay Bahadur, Group CEO, Construction Chemical Business, Pidilite Industries.
Growth in demand for construction chemicals has largely been led by the boom in the infrastructure sector as well as affordable housing, says Saha.
“Demand for waterproofing and admixtures is growing on the back of infrastructure expansion, airports and national highway projects,” says Preetham Yeada, Associate Vice-President, Commercial & Corporate Strategy, MYK Arment.
In general, developers are becoming aware of the need for a systematic approach to waterproofing in their structures/buildings and are adopting a system approach vis-à-vis a product approach, says Yeada. “RERA has played a role in boosting demand for chemicals too, as developers realise that by spending on construction chemicals they can avoid spending on the maintenance of their projects in future.”
“Urbanisation, the focus on environmental regulations, energy utilisation, increasing need for fast-setting construction chemicals and solutions that enhance the long-term durability of structures are driving growth in the construction chemicals industry,” says Dr Vijay Raman, Business Director, Construction Chemicals, BASF South Asia.
“Construction chemicals are in great demand,” affirms Chetan Raikar, Chairman & Managing Director, Structwel Designers & Consultants, while offering an interesting contrarian view on their absolute essentiality. “It is important to understand that chemicals are only as good as the substrate. If you build well, without hurrying, you will need chemicals only sparingly.”
- CHARU BAHRI