Market Research Future has a half cooked research report on Construction Chemical Market. The Global Construction Chemical Market is expected to grow over the CAGR of around 7% during the period 2016 to 2022
Market Overview and Drivers:
The market is highly application driven. Residential sector is dominating the construction chemical market because of increase in demand for constructions. With the rapid urbanization, there is a rapid increase in the number of residential projects which majorly use construction chemicals. This increase of construction projects has led to the growth of the global construction chemical market.
The Global Construction Chemicals market is driven by rapid industrialization in countries like China and India. China market accounts for maximum share due to increase in infrastructural buildings and development of commercial and residential structures. Construction chemicals are widely used in construction of refineries, shopping malls, warehouses, manufacturing plants, hotels and retail stores. With increase in infrastructure, Health economic growth is also expected to grow at same rate. Increase in government spending like development projects in tier II and tier III regions, increase in FDI and development of commercial and residential sectors will drive the construction chemical market in forecasted period. China dominates the market in APAC region due to growing economy in terms of manufacturing industries and commercial properties, low cost of labor and easy availability of materials. North America show a steady growth due to post economic downturn happened in year 2008. Europe is likely to witness slow growth followed by RoW. Low availability skilled labor and lack of awareness of quality standard products by developers will hindered the market in forecasted period.
Asia-Pacific region is expected to dominate the construction chemical market with highest CAGR. The developing nations such as India and China are contributing majorly in the development of the region, owing to the increase in domestic demand for residential and commercial buildings in the region. Many multi-national companies have started to invest in the construction sector in Asia-Pacific region, which contributes to the growth of this sector.
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Top Key Players:
The key players of Construction chemical market are BASF SE (Germany), Arkema SA (France), Ashland Inc. (U.S.), Fosroc International Limited (U.K.), Mapie S.p.A (Italy), Pidilite Industries Limited (India), RPM International Inc. (U.S.), Sika AG (Switzerland), The Dow Chemical Co.(U.S.), W.R. Grace & Company (U.S.) and others.
Construction Chemicals are regarded as chemicals which are used specially while constructing any structures to increase their life and protect them from environmental hazards. The use of construction chemical is useful in minimizing the quantity of cement and water required during the construction process. The increase in urban population coupled with the increase in demand for public, commercial and residential building is driving the global construction chemical market. Demands of buildings, roads, bridges and dams for the betterment of the infrastructure facility of the nation’s worldwide is further driving the market.Scope of the Report:
This study provides an overview of the global construction chemical market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.
Details of Report @ https://www.marketresearchfuture.com/reports/construction-chemicals-market-1960
The scope of the study segments the global construction chemical market by its type, application and region.
- By Type:
- Concrete admixtures
- Sealants & adhesives
- Protective Coatings
- By Application:
- By Region:
- North America
- Asia Pacific
- Rest of World
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