Construction chemicals are the chemical compounds that are added in construction material to improve workability, enhance performance and to protect construction material. These chemicals are widely used in construction of residential, non-residential and non-building infrastructural activities such as road, highways and expressways.
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The Global Construction Chemical Market is projected to grow with a CAGR between 5.5% – 6.0% over the forecast period of 2016-2022 and surpass USD 40 billion by 2022. It was worth nearly USD 27 billion in 2015. Construction chemicals are the chemical compounds that are added in construction material to improve workability, enhance performance and to protect construction material. These chemicals are widely used in construction of residential, non-residential and non-building infrastructural activities such as road, highways and expressways. The main objective of construction chemicals is to strengthen the structure with enhanced durability. Moreover, the use of these chemicals offers the long lasting and crucial benefits with assured quality.
The report segments the global construction chemical market by type, by application and by region. Market segmentation based on type include concrete admixtures, waterproofing & roofing, repair, flooring, sealants & adhesives and other. Concrete admixtures are used during initial stages of construction due to which it is most dominating segment in the world market and accounted 39% of market share. On the basis application the construction chemicals market is segmented into residential, industrial/commercial, infrastructure and repair structure.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World (ROW). Asia pacific is the largest market for construction chemicals globally, with the market share of more than 41%. Increasing domestic demand for residential and commercial building in china alone accounted more than one third market share of construction chemicals globally, and is considered to be the key factor driving dominance of APAC. Furthermore, Europe is the fastest growing region after APAC for construction chemicals and is anticipated to grow at fastest CAGR of XX% over the forecast period.
The companies covered in the Global Construction Chemicals Market report:
• BASF SE, W.R. Grace
• RPM International Inc
• Sika A.G.
• Fosroc International
• The Dow Chemical Company
• Arkema S.A.
• Ashland Inc.
• Mapei S.p.A
• Pidilite Industries.
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