Resikon has products for new construction, repair and rehabilitation of old structures
Resikon’s range of products is useful from the excavation stage to the finishing stage of any construction.
What is your view on the chemicals and coatings market in India?
Several survey reports indicate that the Indian construction chemical market was valued at USD 1,119 million in 2018, and it is anticipated to reach USD 1800 million by 2024, at an estimated CAGR of 8.27 per cent over the forecast period 2019-2024. Despite the economic slowdown and impact on the construction industry there is a strong potential for growth in the construction chemical business.
This growth is due to large investments in construction of dwellings and infrastructure projects. This anticipated growth necessitates newer concepts and technology for the large number of youths with disposable incomes. We also expect the midsize and compact dwellings to be growth drivers for the coming decade. The government has also laid plans for expanding road networks and opening smaller airports in tier II and tier III cities with huge investments.
How can awareness of the right products improve the market dynamics?
Over the years the awareness in India for construction chemicals has grown but not in its true professional sense. The growth has been price driven rather than being driven by the correct solution/ technology. It is the responsibility of the brands to consciously educate the stake holders in the civil engineering industry to understand the cause and need, selection of products, right application methodologies, timely maintenance and good work practices.
In the age of skyrises what are some of your most preferred products which can improve the lifecycle of the housing units internally and the building externally?
The Resikon range has products for new construction as well as for repair and rehabilitation purposes. Our select range of products is useful from the excavation stage to the finishing stage of any construction. We also have specialised products for silent demolition of concrete, rock etc and products to protect concrete and extend its life. Resikon range is ideally suited for housing, infra, roads, bridges, dams, power plants, archeologically important structures, airports, metro rails, tunnels etc.
What strategies are you adopting to increase your market share?
Resikon in its two plus decades of existence has earned a special respect and loyalty amongst the professionals of the industry across the country and is approved by several government institutions. Our focus is to continue to strengthen and to build upon this trust factor created by our founders who are technocrats with doctorates in chemistry. We have recently upgraded our R&D and testing facility to international standards with a large investment.
We have also tied up with European and Australian brands to bring into India novel and unique products suitable for concrete protection, facade protection, impregnated waterproofing systems, fast track repairs and silent demolition. These strategic tie-ups will help us consolidate in the Indian market as well as reach into the SAARC, Gulf and other international markets.
We have also expanded our team, distributor/applicator networks to register a robust growth in the next five years during which time we also expect the Indian economy and construction industry to bounce back to its full health, with the current economic slowdown behind us.
R. Ravi Shankar, Sr. VP & Business Head – Construction Chemicals Division