Waterproofing Membrane Market in India -Driven by Adoption of Modern Construction Technology & Green Building Material poised with Entry of New Players– in Conversation with Mr. Sukanta Mallik, Vice President, CICO Technologies Limited REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Waterproofing membrane market in India witnessed a double digit CAGR growth during FY’14-FY’19 despite downfall in construction market due to demonetization and GST implementations by the current government. Rising supply of housing units and commercial office space in the market has provided strong growth to waterproofing membrane market. Adoption of modern building construction methods, green building materials & increase in waterproofing product awareness has surged the demand for modern waterproofing products in construction market of India. It is expected that rising infrastructure & construction activities in the country and increasing shift from traditional to modern waterproofing systems to avoid leakage, seepage & dampness issues in the construction projects will boost the demand for waterproofing products in next 5 years. In conversation with Mr. Sukanta Mallik, Vice President, CICO Technologies Limited, we attempted to seek his opinion and understand his side of story to ‘Waterproofing Membrane Industry in India’. Here are some excerpts of the interview: How over the years waterproofing membrane market of India has evolved? In India, major shift from traditional waterproofing techniques to modern waterproofing techniques have been observed. Also, growing demand for high-end and better quality products for various real estate and infrastructure projects. Over the years expenditure for real estate projects has increased which has positively impacted waterproofing market. In last five years during FY’14-19, construction chemical market has observed a CAGR of ~15% due to rising construction activities whereas waterproofing market has grown with double digit CAGR in Indian market. Currently, which end user industry in India generates highest demand for waterproofing products? Even though government funded infrastructure projects have the highest demand for construction chemicals such as admixture. For, waterproofing the highest demand in generated from Real Estate & Industrial sectors which includes building structures requiring waterproofing membrane products. Hospitality sector which includes hotels, restaurants, resorts & others have majorly created demand for high-end premium waterproofing products. Which type of liquid applied membrane has high demand in Indian Market? Currently, acrylic polymers are highly used in comparison to SBR polymers, whereas cementitious polymers are generally preferred in sunken portions, roof, and underground tanks & others. In the latest versions of liquid membranes such as Polyurethane & Polyurea which are technically advanced & premium priced in India. How demand for Liquid Waterproofing Membrane has grown over time? Application of sheet membranes in offset areas finds installation difficulties which leads to time consuming activities & also requires highly skilled waterproofing applicators. Whereas, liquid applied membranes are comparatively easy to apply & easy to mould in offset areas. Also, in modern building having solar panels, central air cooling systems & cooling towers, water tanks, and other ancillary are installed on rooftops which make sheet membrane application difficult & time consuming whereas, LAM can be easily applied through rollers or sprays & either horizontal coating or vertical coating is comparatively easier. In current market scenario, preformed membrane & liquid membranes have ~50-50% market share in terms of manufacturer’s revenue. How waterproofing products have performed in retail segment business in Indian market for last 5 years till FY’2019? Retail segment of waterproofing provides huge opportunities for waterproofing companies, as only few players are majorly focusing in this segment. During last 5 years with increasing product awareness & small builders, house owners starting to pay attention towards waterproofing which was not the situation in earlier days. Growing awareness and entry of new players during FY’2014-19 such as Asian Paints, Burger Paints & others with strong retail networks in Indian market has increased waterproofing products sales for retail segment. Currently, retail sale or bazaar sale contributes around ~30-32% of market share, whereas project sales contributes ~68-70% market share in FY’19. How government has played role in waterproofing membrane market of India? Government has not played any direct role in promoting waterproofing products in India. Even though government initiative in usage of green building materials and other government projects. Similarly, government focus on construction & infrastructure activities, also schemes such as Housing for All by 2022, Smart Cities Projects and others have created demand for waterproofing products indirectly. How the performance or demand for waterproofing has been seen in Tier 1, Tier 2 & Tier 3 cities of India? As major infrastructure & construction activities are concentrated in Tier 1 cities which has seen waterproofing product penetration of ~50-55%, followed by Tier 2 & Tier 3 cities which have started to adopt waterproofing products in building construction. However, in coming future major demand for waterproofing products will be observed in Tier 2 & Tier 3 cities of India with growing infrastructure & construction activities. What is your recommendation for new entrants in waterproofing market of India? Majorly focus on steady growth, product technology, quality manpower, product services & quality to build customer base with loyal clients for long term business, instead of getting into price wars and provide lower quality products which will not lead to long term growth in the Indian market. “Demand for High-End & Better Quality Waterproofing Product along with Growing Waterproofing Awareness & Entry of New Players (Regional & Local) will lead to further growth in the India Waterproofing Membrane Market” For feedback and queries, reach out to the Ken Research Team at ankur@kenresearch.com To Know More Information on the publication:- India Waterproofing Membrane Market Outlook to 2025 – Waterproofing Membrane Market by Revenue (Sheet & Liquid Membrane), By Application (Roofing, Walls, Basements & Others), By End Users (Real Estate, Industrial, Infrastructure & Others) & By Regional Demand (North, West, South & East) Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Ken ResearchArticle NameWaterproofing Membrane Market in India -Driven by Adoption of Modern Construction Technology & Green Building Material poised with Entry of New PlayersDescriptionWaterproofing membrane market in India witnessed a double digit CAGR growth during FY’14-FY’19 despite downfall in construction market due to demonetization and GST implementations by the current government.Author Mustafa Kanwaswala, Research Analyst II, Ken Research Tags: Basement Waterproofing Membrane Market India, CICO Technologies Limited (CTL) Waterproofing Membrane Market Shares, Flooring Waterproofing Membrane Market India, India Waterproofing Membrane Due Diligence Report, India Waterproofing Membrane Growth Strategy Market Report, India Waterproofing Membrane Industry, India Waterproofing Membrane Market, India Waterproofing Membrane Market Competition, India Waterproofing Membrane Market Forecast, India Waterproofing Membrane Market Future Outlook, India Waterproofing Membrane Market Growth, India Waterproofing Membrane Market Major Players, India Waterproofing Membrane Market Revenue, India Waterproofing Membrane Market Revenue Forecasting, India Waterproofing Membrane Market Shares, India Waterproofing Membrane Market Size, India Waterproofing Membrane Market Trends, Liquid Waterproofing Market India, Roof Waterproofing Membrane Market India, Sheet Membrane Market India, Terrace Waterproofing Membrane Market India, Walls Waterproofing Membrane Market India