Construction Chemical Market – Overview
The demand for better structures has increased the need for Construction Chemicals to a great extent. Market focused reports linked with the chemicals and materials industry among others recently have been made available by Market Research Future which issues reports on this industry. The market is projected to achieve high revenue growth along with a motivating CAGR rate in the forecast period.
The construction activities around the world are increasing at an accelerated rate due to the exodus of the rural population to urban areas. Increased investment in the real-estate sector has prompted significant market growth. Moreover, the Construction Chemicals Market is anticipated to expand due to rising urbanization in the Asia Pacific region among other regions. The green building movement is expected to be a key driver to the expansion of the market. As Construction Chemicals have better strength development and easy workability, they are increasingly being used in a rising number of projects. The market is forecasted gain further market share due to improvements in the government initiatives that are being applied in nations around the world.
The segmentation of the Construction Chemical Market includes segmentation on the basis of type into concrete admixtures, sealants & adhesives, protective coatings, others. The segmentation by application comprises of residential, infrastructure, industrial and others. The region based segmentation of the market comprises of Middle East, Africa, APAC, North America, Europe and rest
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Detailed Regional Analysis
The Construction Chemical Market can be segmented geographically into North America, Asia Pacific (APAC), Europe, and Rest of the World (ROW). The Asia Pacific region is likely to control the Construction Chemical Market globally, owing to increasing urbanization which is stimulating the growth of infrastructure projects, in so doing leading to the top consumption of the cement production globally. The Construction Chemical Market in the area is also increasing with intensifying awareness of the benefits of construction chemicals.
Global Competitive Analysis
The vital trends and players have established a positive tone for development. The opportunities for growth and innovation have increased at a rapid pace transforming the landscape of the market. Engaging and converting prospective opportunities is modifying the growth pace of the market considerably. The competitors in the market have been spurred to devise strategic road-maps that capitalize on the positive market cues. The momentum of the market’s growth has altered the competitive background of the market. By ensuring supply and demand are in balance the competitors can unlock new opportunities for growth. The key players and trends have created a positive tone for development.
The significant competitors in the Market for Construction Chemicals are Arkema SA (France), Ashland Inc. (U.S.), BASF SE (Germany), Mapie S.p.A (Italy), The Dow Chemical Co.(U.S.), Fosroc International Limited (U.K.), RPM International Inc. (U.S.), Pidilite Industries Limited (India), W.R. Grace & Company (U.S.), Sika AG (Switzerland) and others.
June 2018 Sika which is a Swiss chemicals group is expected to expend up to $1 billion on acquisitions in a year to hasten up its growth in the next five years. The maker of construction chemicals was previously held back from big purchases in the past, due to a constraint which no longer applied after the Burkard family sold their controlling stake to Saint-Gobain last month. The new agreement will give Saint-Gobain a 10.75% stake in Sika rather than overall control which it had sought. Sika is now able to spend 300 to 500 million Swiss francs a year on acquisitions, up from 200 million francs which were concentrated mainly on smaller deals. Sika will reveal greater sales targets next year to substitute the current 2020 goals, which will run for five years.
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