“Global Construction Chemicals Market – Segmented By Product Type, End-User, And Geography – Growth, Trends And Forecasts (2018 – 2023)” presents an in-depth assessment of the Construction Chemicals including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Construction Chemicals investments from 2018 till 2023.
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Global Construction Chemicals Market Major Key players: MAPEI INC., SIKA AG, BASF SE, W.R. GRACE & CO., and RPM INTERNATIONAL INC and Other Players Include THE 3M COMPANY, ADCO, ALBEMARLE CORPORATION, ARKEMA SA, ASHLAND INC., BOLTON GROUP, CEMETAID (N.S.W.) PTY. LTD., CHRYSO, CICO TECHNOLOGIES LTD., CONMIX LTD., DOWDUPONT, FOSROC, FRANKLIN INTERNATIONAL, HENKEL AG & COMPANY, KGAA, LAFARGE, MUHU CONSTRUCTION MATERIALS CO. LTD., PIDILITE INDUSTRIES, SELENA FM S.A, STRUCTURAL WATERPROOFING AND THERMAX GLOBAL.
The global construction chemicals market has been estimated at USD 19,416.37 million in 2017. The market is expected to register a CAGR of 6.06% during the forecast period, 2018 to 2023.
Residential sector dominated the global construction chemicals market with nearly 29% share globally, while industrial segment is estimated to register the fastest CAGR through the forecast period.
Growing Demand in Asia-Pacific Construction sector in Asia-Pacific is the largest in the world. The increasing infrastructure construction activities are the major drivers for the Asia-Pacific construction industry. In addition, the entry of major construction players from the EU into the lucrative market in countries like China, has further fueled the industry’s growth. Owing to their business potential, countries, such as Indonesia, China, Malaysia, Singapore, and South Korea have become hosts to numerous national and international events. The move has accelerated the demand for hotels, shopping malls, high-rise buildings, arenas, and stadiums (both outdoor and indoor), thereby, boosting the construction industry in the respective regions. Concrete admixture dominates the global construction chemicals market by product type. The segment is expected to register the highest growth over the forecast period at a CAGR of 6.73%.
Concrete admixtures reduce the concrete construction cost, by modifying the properties of hardened concrete, ensuring better quality during mixing, transporting, placing, and curing, thus, overcoming the most emergencies during concrete operations. Asia-Pacific has the largest market for concrete admixture, owing to the massive growth in the construction markets of India, China, and various South-east Asian countries. Various incentives by the government of respective nations to promote the infrastructural sector, coupled with the blooming residential sector, owing to the rising middleclass population, have largely facilitated the growth of the construction market in Asia-Pacific over the years.
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This independent 451 pages report guarantees you will remain better informed than your competition. With over 170 tables and figures examining the Construction Chemicals market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2023.
Asia-Pacific Dominates the Market:
Asia-Pacific has the highest share in the market, accounting for nearly 46% of the global market share in 2017. The market for Asia-Pacific is driven majorly by the increasing construction activities coupled with supportive government regulations. Huge consumer base and cheaper manufacturing costs in the Asia-Pacific region are drawing-in high FDIs, with India and China being the major countries.
China is the Largest Consumer:
The Chinese construction market is the largest in the world and is demonstrating a slower growth rate of 10.16% from 2015. The rising government investments in the transport infrastructure and water conversation sector is expected to maintain the growth rates of the construction sector in the country. In addition to all this, the approval of Green building evaluation standard by the government shall boost the green building market. Additionally, there have been investments of 823.8 billion Yuan and 801.5 billion Yuan in China’s rail infrastructure in 2015 & 2016, respectively.
Key Developments in the Market:
April 2017: BASF signed an agreement to acquire GRUPO THERMOTEK, a leading waterproofing systems supplier based in Monterrey, NL, Mexico.
May 2017:Arkema announced the acquisition of CMP Specialty Products by Bostik, the flooring and floor preparation business of US based specialist CGM.
The research includes historic data from 2013 to 2017 and forecasts until 2023 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Construction Chemicals on the basis of stating current situation of the industry in 2018 so as to make comprehensive organization and judgment on the competition situation and development trend of Construction Chemicals Market and assist manufacturers and investment organization to better grasp the development course of Construction Chemicals Market.
Reasons to Purchase this Report:
- Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities
- Various market perspectives, with the help of Porter’s five forces analysis
- Regions or countries that are expected to witness the fastest growth during the forecast period
- Product segment, which is going to dominate the market over the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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