The expensive stuff in the bucket is a 100% acrylic product and they’re all expensive. Commercial cement renders, dry in a bag, are much cheaper and have a degree of waterproofing added to them. If you mix some water with it it resists mixing and you have to work a bit to get it integrated. Some of them are labelled PM which stands for polymer modified, but they’re still essentially a cement based render. There are others that recommend the addition of an acrylic bonding agent usually 50/50 water/ acrylic.
You can make your own, but it won’t have any waterproofing qualities. The addition of clay in the mix increases the tendency for shrinkage cracks. A better recipe IMO is 4:1:1 sand,hydrated lime, Portland cement. The lime adds enough creaminess to make it nice and workable at the same time as providing some elasticity as crack healing properties. A non waterproof render can always be treated with a waterproof coating over it. The swimming pool tile adhesive could work, but will probably be expensive also. Is it suitable to apply as a render?
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