Strong push from government for Affordable Housing under INR 50 Lakh segment has show a growth in FY’2019 with almost 50% contribution in overall sales of housing units which has propelled the demand for residential units.
Development in Tier 2 & Tier 3 Cities: Government schemes such as Smart Cities Mission, Housing for All by 2022, North East Special Infrastructure Development Scheme and others have increased construction activities in India. ~22 projects sanctioned under the scheme costing approx ₹885.4 Cr in various states such as Arunachal Pradesh, Assam, Manipur and other North Eastern region which includes projects related to roads & bridges, water supply & sanitation, power, connectivity for tourism & infrastructure related to education & health.
Switch from Traditional to Modern Techniques: Constant efforts from waterproofing companies in increasing product awareness for modern waterproofing techniques through advertisements, conferences, product display in retail level has helped in rising demand for modern waterproofing products in India market with more adoption of internal & external waterproofing systems. Also, green building initiatives from government and corporate has created demand for green building & sustainable projects.
Emergence of New Waterproofing Players: In 2019, Burger Paints acquiring major shares of STP limited which is one of the oldest waterproofing companies in India will capture retail market with existing retail channels. Also, entry of Asian Paint in 2017 with Smart Care products has increased the waterproofing products penetration in retail & bazaar market of India.
The report titled “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)” by Ken Research suggests that the government focus on infrastructure & construction development as well as green building materials requirements will drive the demand for modern waterproofing techniques & products in the future. Capital cities such as Delhi NCR, Mumbai, Bangalore, Chennai, and Ahmedabad, along with Tier 2 cities have promising infrastructure developments and construction lined up and will emerge as key target segments for a waterproofing manufacturer looking to penetrate the institutional segment. The revenue generated from sale of waterproofing products is projected to grow at a CAGR of 8.0% during the period FY’2019-FY’2025.
Key Segments Covered:-
By Membrane Type
Roof & Terrace
Walls & Flooring
Basement & Foundation
By Regional Demand
By Type of Roof Construction
By End Users
Real Estate and Industrial
Key Target Audience:-
Waterproofing Membrane Manufacturing Companies
Construction Chemical Manufacturing Companies
Contractors and Applicators
Construction Chemical Association
Raw Material Manufacturing Companies
Time Period Captured in the Report:-
Historical Period: FY’2014-FY’2019
Forecast Period: FY’2019-FY’2025
Companies Covered in Report:-
Pidilite Dr. Fixit
Fosroc Chemical India
Shalimar Tar Products Limited (STP Limited)
Asian Paints Limited (Smart Care)
BASF (Master Builders Solutions)
CICO Technologies Limited (CTL)
GCP Applied Technology India
For more information on the research report, refer to below link:-
Ankur Gupta, Head Marketing & Communications