The Building Product Division – Chemical Construction Industry plays a crucial role in nation-building by offering innovative building solutions and employing cutting-edge technology that has revolutionized the construction business. The introduction of new-age solutions has significantly streamlined construction processes, allowing customers to complete construction activities more efficiently, ultimately contributing to the progress of India's infrastructure development.
UltraTech Cement has established UltraTech Building Products Division (BPD) to provide complete sustainable solutions to customers and to be 360 Degree building material destination. UltraTech Building Products division manufactures and markets technologically re-engineered products for construction and infrastructure industry.
BPD offers an array of scientifically engineered products to cater to new-age constructions. Aerated Autoclaved Concrete (AAC) blocks are economical, light-weight blocks ideal for high-rise buildings, while Dry Mix Products include waterproofing, grouting and plastering solutions designed for faster completion of projects.
The sub-sectors of Building Products (like tiles adhesives and flooring, waterproofing, sealants, repair products etc.) are highly fragmented with a large number of small, local players in addition to a few big players. While this may lead to severe local competition and price sensitivity, the fragmentation also provides significant long-term opportunity for deep-pocketed players with the patience to build brands and distribution networks for the long run.
The Indian construction chemicals market is at a nascent stage and is attracting a lot of attention from foreign as well as domestic market participants including infrastructure developers, chemical manufacturers and institutional investors regarding set up of construction chemicals production facilities making foray into manufacturing operations in India.
Some major trends in India construction chemicals market are the increase in investment in R&D, entry of new players, adoption of sustainable products and technological advancements. Rising construction of new buildings and renovation activities across India is expected to boost the overall demand for construction chemicals in the near future.
