San Francisco, 18 April , Construction Chemicals Market Size, Share
& Trends Analysis Report By End Use (Non-residential & Infrastructure,
Residential), By Product (Concrete Adhesives, Concrete Sealants), And Segment
Forecasts, 2018 - 2024
The global construction chemicals market size is expected to reach
USD 67.61 billion by 2024, according to a new report by Grand View Research,
Inc. The global market is estimated to register a CAGR of 6.3% during the
forecast period. Rising urbanization, coupled with various infrastructural developments
are boosting market growth.
Construction chemicals are the
chemical compounds used to modify the properties of the construction materials.
These chemicals reduce the amount of water used in a construction. They play a
crucial role in improving the overall performance of a building and
non-building structures. These chemicals can be categorized into different
product segments including concrete admixtures, construction adhesives,
construction sealants, protective coatings, and waterproofing chemicals.
The most important group of raw
materials found in almost every construction chemical formulation are polymers.
In many cases, the chemical producer, construction chemical manufacturer, and
end-user work together on the formulation to get the desired product. Most of
the key players in this market spend around 3% of their total expenditure on
R&D activities every year. BASF SE, The Dow Chemical Company, Bayer
Material Science, Wacker Chemie AG, and SABIC are some of the major raw
material suppliers for these chemicals.
China is the largest regional
market for construction chemicals. The building and construction industry in
China has been growing at a rate of around 16.2% annually. Non-residential
building is expected to be the largest construction market. Rapid urbanization
is one of the major factors for the growth of construction industry in China.
In 2014, Chinese government launched “New Style Urbanization Plan (2014-2020)”
to build green cities, smart cities, and cultural cities. In addition, EU-China
partnership and agreements for urban development have played an important role
in the development of construction sector in China.
Non-residential and
infrastructure end-use segment is expected to have high penetration due to
rapid urbanization in emerging economies. On the other hand, residential
segment is expected to witness the fastest growth rate of 6.6% durign the
forecast years, in terms of revenue. Construction chemicals are used in new
buildings, as well as for repair and rehabilitation of the old buildings. They
reduce the water and cement content in the concrete and impart chemical
properties such as cross-linking, which result in increased strength of the
mortar.
Access Full Research
Report On Construction Chemicals Market Analysis:
https://www.grandviewresearch.com/industry-analysis/construction-chemicals-market
https://www.grandviewresearch.com/industry-analysis/construction-chemicals-market
Further key findings from the study suggest:
·
The global market for
construction chemicals stood at 33,135 kilo tons in 2015 and is projected to
expand at a volume-based CAGR of 5.2% over the forecast period
·
The residential segment
accounted for 33.0% of the total market volume in 2015
·
Sluggish growth in the European
construction sector due to rising utility expenditure is expected to limit the
market development in the region
·
Major companies in the market
include BASF SE; Pidilite Industries Ltd.; FOSROC Chemicals India Pvt. Ltd.;
Sika AG; W. R. Grace and Co.; Dow Chemical Co.; RPM International, Inc.; Arkema
S.A.; and Mapei S.p.A.
Browse More Reports Of This Category By
Grand View Research At: https://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:
Construction Chemicals Product
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
·
Concrete Admixtures
·
Concrete Adhesives
·
Concrete Sealants
·
Protective Coatings
Construction Chemicals End-use
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
·
Residential
·
Non-residential &
Infrastructure
Construction Chemicals Regional
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
·
North America
o
U.S.
·
Europe
o
Germany
o
Italy
o
France
o
U.K.
·
Asia Pacific
o
China
o
India
o
Japan
o
South Korea
·
Latin America
o
Brazil
·
Middle East & Africa (MEA)
Access Full Press Release of this Report: https://www.grandviewresearch.com/press-release/global-construction-chemicals-market
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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