Project report for Cement waterproofing Compound

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Introduction

The construction chemicals industry in India is growing at a significant rate. This growth is due to increasing government investments in infrastructural projects and rising construction spending across almost all states in the country. The government of India’s commitment to increase spending on infrastructure development will bode well for the expansion of the construction chemicals market in the country. Punjab, Delhi, Haryana, and Uttar Pradesh are leading states propelling demand in the northern part of India for construction chemicals. Major infrastructure activities such as highway construction, export cargo, and power generation in India are expected to push growth of the India construction chemicals market at an impressive rate over the coming years.

Cementitious waterproofing guarantees concrete in sulphate contaminated ground conditions. It is useful for inside and outside waterproofing of concrete and other mineral substrates. Cementitious waterproofing is profitable for underground structures and furthermore on housetops and decks. The cementitious covering can shield interstates and beachfront structures from chloride and enhance the quality of the sustained bond. Cementitious waterproofing is breathable and allow diffusion of negative water vapor. Also, it is an excellent bonding substance and resists harsh temperature. Cementitious waterproofing is available in various textures and colors. Cementitious waterproofing introduces the utilization of humidity control on concrete dividers or floors. A large number of humidity controls are made up of epoxy or latex blends that will be connected as a storm cellar or foundation sealant.

Market potential & Strategy

Waterproofing Chemicals Market was valued at INR 18230 crores in 2019 and is projected to reach INR 42400 crores by 2027, growing at a CAGR of 12.0% from 2020 to 2027. Rising demand from various end-use industries including building and construction of residential and commercial buildings and landfills and tunnels is anticipated to drive growth. Furthermore, increasing awareness regarding the importance of waterproofing products in construction in developing regions is anticipated to boost product demand. Residential and commercial construction has come to a grinding halt owing to the pandemic. Waterproofing systems demand from this sector is expected to be low to the medium during this crisis period. Some major issues would be a delay in order shipments, supply chain restriction, manpower & equipment shortage, and material shortage. Post conclusion of this crisis, the market is expected to revive, and demand is likely to increase for the waterproofing systems market.

Cement-based structures experience immense damping and erosion due to frequent climatic changes, thereby decreasing the shelf life of residential and commercial buildings. This makes waterproofing chemicals a necessity as it imparts longer life to the structure. Rising infrastructure development in the Asia Pacific, particularly in India, China, and Indonesia coupled with growing awareness regarding durable construction materials is expected to fuel demand for waterproofing chemicals. Moreover, regulatory authorities are aiming to set up guidelines in order to curb the rise in pollution levels, and in process aim to create a model which incentivizes energy efficient and green buildings. Such initiatives are expected to drive the demand for waterproofing chemicals. Initiatives taken by governments of developing nations in order to provide basic infrastructure facilities, such as concrete based homes, access to proper roads and better irrigation network is expected to boost the infrastructure and industrial sector, hence creating a demand for waterproofing chemicals.

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