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.
Global Construction Chemicals Market Major Key Players: Mapei Inc., Sika Ag, Basf Se, W.R. Grace & Co., And Rpm International Inc.(For more compony Profiles and details register for sample).
Global Construction Chemicals Market By Product Type: Concrete Admixture, Surface Treatments, Repair and Rehabilitation, Protective Coatings, Industrial Flooring, Water Proofing, Adhesives, Sealants, Grouts and Anchors, Cement Grinding Aids
Global Construction Chemicals Market By End-User Industry: Commercial, Industrial, Infrastructure, Residential, Publice Space
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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 industrys 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.
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 Chinas rail infrastructure in 2015 & 2016, respectively.
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Regions Covered in this report are as Follows:
United States, North America (Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa), RoW (Rest of World).
Key Developments in the Market
- May 2017: Arkema announced the acquisition of CMP Specialty Products by Bostik, the flooring and floor preparation business of US based specialist CGM.
- April 2017: BASF signed an agreement to acquire GRUPO THERMOTEK, a leading waterproofing systems supplier based in Monterrey, NL, Mexico.
Reasons to Purchase this Report:
- The report analyses how the stringent emission control norms will drive the global Construction Chemicals market.
- Analyzing various perspectives of the market with the help of Porters five forces analysis.
- Study on the product type that is expected to dominate the Construction Chemicals Market.
- Study on the regions that are expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major players of Construction Chemicals Market.
- 3 months analyst support along with the Market Estimate sheet (in excel).
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