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Industry Size to Grow More Than 30% Year on Year
As a veteran in the field of sealants, PU foams, and building hardware accessories, I can truly give you my in-depth understanding of what India has witnessed in the past couple of years and the future of the façade & fenestration industry in coming years.
PU FOAMS AND SEALANTS
I would like to break up the subject of sealants and PU foams first… The humble beginning of the sealant industry: Use of Silicone mainly started with Silicone structural glazing way back in the early 1990s. Silicone now is a ‘must have’ for every façade, door, and window aka fenestration. The revolution in the silicone industry came with the advent of uPVC doors and windows in early 2000 and now after two decades, it is mandatory to use the same in every door and window installation.
The organized aluminum system companies also shaped the use of silicone sealants. This has also urged the unorganized aluminum door and window industry to a large extent to make sure to use Silicone sealants, acrylic sealants, and PU Foams for all installations across the country.
In particular, a fenestration includes a complete system with all mandatory components including profile, glass, gasket, sealant, anchors, fasteners, and reenforcement. They all go together as one to complete the system.
Thousands of pieces of training organized for industry members along with demos on proper installation/use of all these products has shaped the sealant and fenestration/related industries in India. Looking ahead, the construction industry in India will take a long forward leap jump in the coming years. Projects and retail sectors are expected to keep growing through the decade and I see that the growth of sealants is directly proportional to the same.
Quality is a top performer and will be needed to be maintained by all manufacturers at all times to have enduring products with high performance. I also see great scope for new technologies like MS Polymers and Advanced PU to come forward in the industry sooner. India is a dream shaping up and sealants are a form and function of the same, growth can only be positive.
As far as building hardware and accessories are concerned, for the longest time, the same was always imported from China and other parts of the world and still is. Going forward, the forward drive towards ‘Make in India’ is going to take shape very aggressively and it is expected that top quality uPVC/ Aluminium door and window hardware will be produced in India, not only for the domestic market but also for exports.
The consumption of quality hardware is likely to double every year and the industry size to even grow more than 30 % year on year as more and more doors and windows will need more safe and secure hardware, which in turn means more hardware per window and door in terms of cost and value.
India is on the growth trajectory and we welcome this change and will support the industry like have been doing for the past few decades.
Amit Malhotra is the Leader of McCoy Group of Companies. He is a well-known personality in the silicone and building products industry in SAARC nations. Amit joined the family business of waterproofing started by his late father Mr. VK Malhotra in 1993. From its humble origin, McCoy Group has come a long way and has offices in India and abroad and sourcing offices globally, with an annual turnover of more than 150 crores. Amit Malhotra is the Marketing Head & Treasure of uPVC Window and Door Manufacturers Association, known as UWDMA, and was also the President of Construction Products and Services (CCPS) for many years.