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.
Browse full research report on Construction Chemicals
Market: 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 more reports of this category by Grand View
Research: 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
Access Press Release By Grand View Research: http://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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