The global construction chemicals market is expected to reach USD 67.61
billion by 2024, according to a new report by Grand View Research, Inc.
Construction chemicals were widely used in non-residential & infrastructure
sector accounting for over 60% of the global revenue share in 2015. Upcoming
projects such as Panama Canal expansion is expected to foster the market growth
over the forecast period.
Moreover, the global market was valued at USD
39.16 billion in 2015 and is projected to witness growth over the forecast
period on account of rising residential and infrastructure activities in
rapidly developing economies of Asia Pacific. Government initiatives in
emerging economies such as India are also expected to fuel market growth.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/construction-chemicals-market
Further key findings from the report
suggest:
·
The global construction chemicals market demand
was 33,309.2 kilo tons in 2015 and is projected to grow at a CAGR of 5.2% over
the forecast period. They help in reducing the water and cement content in
concrete, thereby bringing down the overall cost of the structure and reducing
emissions. They impart properties such as cross-linking which results in
increasing strength of the mortar.
·
The market for concrete admixtures was estimated
at USD 17.35 billion in 2015. Admixtures are mixed with cement, sand and water
to impart specific properties to the base material such as durability. Most of
the admixtures are available in a ready-to-use form and are added to the mortar
at the construction site.
·
Demand in Asia Pacific was 17,119.6 kilo tons in
2015 and is projected to witness tremendous growth on account of increased
government spending on the infrastructure sector and rising opportunities for
FDI in China and India. Increasing demand for industrial, transportation and
commercial facilities is expected to drive growth.
·
MEA is also projected to be a key market for
construction chemicals over the forecast period. Infrastructure projects worth
USD 172 billion have been planned in 2015 by various national governments in
the region.
·
Key industry players include BASF SE, Pidilite
Industries Limited, FOSROC Chemicals India Private Limited, Sika AG, W.R. Grace
& Company, Dow Chemical Company, RPM International Inc., Arkema S.A. and
Mapei S.P.A. These companies focus on R&D for product development to
enhance their portfolio.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers
Grand View Research has segmented the global
construction chemicals market on the basis of product, end-use and region:Global Construction Chemicals Product Outlook (Volume, Kilo Tons, Revenue, USD Million, 2013 - 2024)
·
Concrete Admixtures
·
Concrete Adhesives
·
Concrete Sealants
·
Protective Coatings
Global Construction Chemicals End-use Outlook (Volume, Kilo Tons,
Revenue, USD Million, 2013 - 2024)
·
Residential
·
Non-residential & Infrastructure
Global Construction Chemicals Regional Outlook (Volume, Kilo Tons,
Revenue, USD Million, 2013 - 2024)
·
North America
·
U.S.
·
Europe
·
Germany
·
France
·
Italy
·
UK
·
Asia Pacific
·
China
·
India
·
Japan
·
South Korea
·
Latin America
·
Brazil
·
MEA
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