Infrastructure and Real Estate segments are likely to grow fast in coming year due to continuous thrust by central and State Governments to improve infrastructure. Chryso expects a double digit growth in next 5 years. Says Rajeev Gupta, BusinessHead-Construction Systems, CHRYSO India in conversation with EPC World.
What according to you is Chryso’s core strength in the construction chemical division?
Chryso is a global player in the field of construction chemicals and is a leading player in Indian market. It has been associated with a large number of prestigious projects in infrastructure, power and real estate segments. Chryso offers a unique combination of global and local expertise in concrete & cement additives and in waterproofing & repairs solutions to the Indian market. Chryso is a front runner in offering innovative, technologically advanced and proven products to the Indian Construction Industry.
How do you see the construction chemical market in India growing in the near future?
Although, despite huge growth prospects and construction requirements the Indian construction industry was at its worst between 2013 & 2015 in last 15 years, But, Chryso considers India as a large and growing market as most of market potential is still untapped and per capita consumption of construction chemicals in India is very low as compared to most of the developed countries. Both infrastructure and real estate segments are likely to grow fast in coming year due to continuous thrust by central and state governments to improve infrastructure. As far as construction chemicals market is concerned, we expect a double digit growth in next 5 years.
What are the latest innovations & trends in the construction chemical industry both in India and abroad?
The construction industry is swiftly adopting and employing latest technologies to meet the challenging requirements from high rise sky scrapers in real estate and large time bound constructions in infrastructure & industrial sectors. With this, demand for technologically superior and high performance chemical solutions is increasing day-by-day. At the same time consciousness for sustainable construction is growing. Owing to which there is a clear shift in demand towards high performing, green and ecofriendly products. In case of concrete additives the market has witnessed a shift from low performing SNF based admixtures to high performance PC based admixtures while in case of waterproofing demand is shifting from basic solutions to high performance polyurethane & acrylic coatings.
What is the current size of the Indian construction chemical industry and what is your forecast for the industry in 2016-17?
Although, it is very difficult to arrive at exact size of Indian Construction Chemicals Industry but it is estimated to be around ` 4,200 crores p.a. After, experiencing a very difficult phase in last 2 years, I expect market conditions to improve in 2016 and construction chemicals industry is likely to grow > 10 -12% p.a. in next 5 years and is expected to reach to a level of ` 7,000 crores p.a. by 2020.
Chryso invests almost 4% of its turnover in R&D. Do you have any existing R&D facilities in India?
We put a lot of emphasis on research and development and are committed to offer innovative and effective solutions to our customers. R&D can be considered the lifeline for Chryso’s success. Chryso Group invests approx. 4 per cent of its global turnover only on R&D activities and has a strong internal and external scientific network and laboratories. One of our key growth strategies is to strengthen our R&D base in India to meet varied demands of the Indian construction industry. Our state-of-the-art R&D Centre is located at Navi Mumbai. This shows our commitment towards technology and our keeness to serve the Indian customers with utmost dedication.
Chryso has been very conscious about sustainable development. How do you incorporate these green parameters when it comes to manufacturing waterproofing products?
Chryso is committed to contribute towards sustainable development. Sustainable development is the key to tackle the challenges pertaining to climate change, usage of resources, economic prosperity and social well-being. All our plant are zero discharge plants with very high internal standards for safety. Our focus and consistent efforts are on offering ecofriendly, green solutions that ensures durability of structures and sustainability of environment. We offer water based waterproofing solutions and protective coatings, dust free and high strength technical mortars for retrofitting and industrial applications to ensure durable and sustainable construction.
Currently what are the bestselling products in your portfolio? Any innovative product launches that we should look forward to this season?
Chryso is offering its customers high performance yet cost effective waterproofing solutions, a range of technical mortars and other products. We put a lot of emphasis on research and development and are committed to offer innovative and effective waterproofing solutions to our customers. We are pioneer in promoting high performance polyurethane & acrylic coatings and PVC membrane systems to protect critical structures from water damage under demanding situations. We have recently introduced a high performance yet cost effective waterproofing product – ChrysoTapelasticPremia which is a two component, elastomeric, acrylic polymer modified cementitious waterproofing coating. It is very flexible with > 130% elongation and excellent bond with concrete. This offers a fully bonded, seamless waterproof coating with > 2 mm static crack bridging ability and is ideally suitable for medium to large flat roofs, sunken areas, water retaining structures, etc.
Many companies choose relevant events as a launch pad for introducing new and innovative products. Having said that, what events will Chryso participate in 2016?
We also do organize promotional events and technical seminars & presentations to educate the construction industry about correct and effective usage of construction chemicals and to make them aware about the latest technologies, innovative and effective solutions we offer. In 2015, we had organized many such technical seminars independently as well as in collaboration with IIT Mumbai, IIT Delhi, JadavpurUnivesity, Kolkata etc. and we will continue such events in 2016 and in coming years as well to launch new products and technologies in the Indian market.
What is the kind of after sales support that you offer?
Our project associations encompasses power, metro, refineries, airports, nuclear projects, ports, hospitals and real estate & building projects across India with lot of satisfied customers. As a manufacturer of construction chemicals which are quite technical in nature, we periodically train the applicators and extend authorization only to the selected applicators to use our products at job sites after their successful completion of training. We also support our customers and consultants in preparation of right technical specifications for waterproofing & repair works as per the project site requirements. We regularly support our clients through a dedicated team of concrete technologists and technical service engineers. Also, being responsible company, at large and critical projects, our technical team do frequent site visits and quality checks to address the technical issues (if any) and extend necessary technical support to our customers. This ensures correct and effective application of products in order to achieve the desired performance.
About Chryso
CHRYSO India (formerly known as The Structural Waterproofing Company) was established in 1930 and is pioneers of construction chemicals in India. With a wide range of proven and time tested products CHRYSO India is present in three verticals – concrete business, cement grinding aids and construction system. Construction Systems (CS) BU is one of the key business verticals in Chryso India. Chryso CS BU has grown rapidly with an average growth of > 25% (CAGR) in last 4-5 years.
Follow