NextGen Summit 2024 Boom in Construction Chemicals Sector

The construction chemicals market is on the verge of a significant expansion, driven primarily by rapid urbanisation and substantial government investments in infrastructure. The 4th edition of the NextGen Chemical and Petrochemical Summit 2024, organised by Indian Chemical News in Mumbai on July 11-12, provided a platform for industry leaders to discuss the emerging opportunities and challenges within this dynamic sector.

During the summit’s sixth session, aptly titled “Construction Chemicals: The Rising Opportunity,” experts discussed the immense potential for growth in construction chemicals, especially in light of India’s ambitious infrastructure projects. The Indian government’s increasing focus on infrastructure development has opened unprecedented avenues for advanced construction chemicals. Recent incidents at airports have highlighted the urgent need for the application of appropriate technologies and heightened awareness around quality construction materials. Furthermore, there is a significant opportunity within the residential sector, necessitating foundational education on construction and waterproofing chemicals at the grassroots level.

Sauradip Chemical Industries’ Managing Director articulated the dual opportunities present in both domestic and export markets. “With the government’s robust focus on infrastructure, the next decade will witness substantial growth in construction chemicals. Rapid urbanisation and a variety of construction activities—ranging from residential to commercial and industrial—are fuelling this demand. Indian firms, recognised for their quality and cost-effectiveness, are well-positioned to serve markets in the Middle East, Southeast Asia, Africa, and parts of Europe. Key areas such as concrete admixtures, adhesives, sealants, and waterproofing additives are set to see immense growth. For sustained long-term success, building a strong brand is essential, while immediate attention must be paid to ensuring regulatory compliance. The adoption of bio-based, recyclable materials also promises both cost savings and environmental benefits,” he stated.

A Business Development Manager at Sika India also emphasised the importance of training and awareness within the industry. He noted that the lack of scientific knowledge among masons and carpenters often leads to improper product selection and application. “Training our workforce in the latest technological advancements and proper product usage is vital. Effective construction practices, including accurate waterproofing and the application of appropriate repair technologies, rely heavily on understanding the underlying chemistry. Addressing these gaps can significantly enhance the efficiency and quality of construction projects,” he added. The summit also acknowledged the significant contributions of Gold Partners such as Epsilon Carbon, Forbes Marshall, Gharda Chemicals, Indofil Industries, Ingenero, IPCO, Jaaji Technologies, Moglix, PIP, Port of Antwerp – Bruges, RIECO, and Re Sustainability, as well as Associate Partners HPCL and Nuberg EPC. Their involvement underscores the collaborative effort necessary to propel the construction chemicals industry forward.

From a sustainability perspective, the emphasis on bio-based materials and recyclable options is crucial. By shifting towards environmentally friendly practices, the industry can mitigate its ecological footprint while meeting growing demand. This transition not only aligns with global sustainability goals but also fosters a more responsible approach to construction, ensuring that future developments contribute positively to both the environment and society.