The global Construction Chemicals Market (2015–2020) is estimated to reach USD 33.98 Billion by 2020 growing at a rate of 7.62% between 2015 and 2020.
Browse 74 market data Tables and 45 Figures spread through 141 Pages and in-depth TOC on "Construction Chemicals Market “.
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Construction chemicals are chemical compounds added in formulation of various specialty chemicals or in construction materials made of cement, mortar, and concrete at construction sites to improve workability, performance, compatibility with construction structure and protect construction materials and finished structures.
Construction chemicals comprise a wide variety of materials such as cementations; admixtures like waterproofing admixtures, plasticizers, accelerating agents, retarding agents and others; adhesives and sealants like acrylic adhesives, polyurethanes, polyvinyl acetates, epoxy and others; and flame retardants like ATH, antimony oxides, brominated, and chlorinated. The use of these chemicals depends and varies on the type of and scale of construction projects.
The demand for construction chemicals depends upon concrete consumption and extent of construction development activities occurring in a particular region. As per the trends in the construction sector, slow growth is expected in European and North American regions, whereas promising growth is expected in developing regions of the world in the construction chemicals market due to stable economic conditions and increasing demand for residential units and infrastructure development activities.
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Asia-Pacific is the largest market, both in terms of volume and value, followed by RoW. The key companies in this market are BASF SE (Germany), W.R. Grace (U.S.), RPM International Inc.(U.S.), Sika A.G. (Switzerland), Fosroc International (U.K.), The Dow Chemical Comapny (U.S.), Arkema S.A. (France), Ashland Inc. (U.S.), Mapei S.p.A (Italy), and Pidilite Industries (India).
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The global Construction Chemicals Market is likely to attain USD 67.61 billion by 2024.
It is projected to observe significant gains over the forecast period (2016-2024).
The market is driven by rising demand from several end-use industries comprising residential and non-residential & infrastructure.
It provides superior durability, chemical resistance, and noticeably lowers the water and cement necessity.End-users in the market encompass residential and non-residential & infrastructure.
Non-residential & infrastructure sector accounted more than 60% l revenue shares in 2015.
In this sector, construction chemicals find usage in manufacturing and industrial buildings, composition of warehouses, hotels and retail, and office spaces.Main regional segments in the global construction chemicals market are Asia Pacific, North America Europe, Latin America, and the Middle East & Africa (MEA).
