Construction
Chemicals Market Size and Growth Rate:
According to the Research Report by Research Cosmos, the global
Construction Chemicals Market was estimated at $27,162 million in 2015 and
is anticipated to reach $40,154 million by 2022, supported by a CAGR of 5.60%
during the projected period.
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research report developed on Construction
Chemicals Market @ https://www.researchcosmos.com/reports/construction-chemicals-market/28977122
Construction
Chemicals Market Overview:
Fast urbanization in many developing regions
would support the market expansion over the coming years. As the market is
highly affected by several organizations, major companies have been focusing on
R&D projects to develop new bio-based products. Change of prices and supply
of the raw materials is likely to hinder market development. Nevertheless, a
growing number of private and non-residential architecture and construction
activities over the globe will drive the market demand across the forecast
period.
Construction adhesives are expected to witness a
lucrative growth during the projection period. Cement-based adhesives are
widely used in floor and wall tiles. They include water-resistant cement and
polymer-modified concrete, which is useful in internal and external
relationships. Epoxy adhesives are cool curing adhesives, which are resistant
to water, oil, alkalis, and several other solvents.
Construction chemicals are generally used in
non-residential and infrastructure sectors, considering for over 67% of the
global volume. Forthcoming projects such as Panama Canal expansion is foreseen
to foster the segment growth over the forecast period. Development of
ultramodern offices and workspaces along with fast urbanization and enhanced
lifestyles has led to the majority of the global construction chemicals market.
Infrastructure is the various attractive segment
in the world business. Infrastructure would be the greatest preference for new
players due to the surging population and urbanization according to driving the
need for sustainable infrastructure and environmentally friendly products.
Residential is the most attractive part for new entrants in the construction
chemicals market. This section was the highest revenue generating in 2015
valued at $12,301 million representing approximately half of the global market.
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Construction
Chemicals Market Geographical Insights:
Asia Pacific region was the biggest consumer for
construction chemicals globally. Taiwan and India are the main countries in this
region considering more than 50% of the overall market size. The growth of this
market is directly linked with the development of the construction industry.
Thus, increasing spending on infrastructure development is anticipated to drive
the global market. The support spending in Europe is expected to grow at around
3% yearly approaching USD 508 billion by 2024. This will also have a positive
impact on market expansion.
Key
Players of the Construction Chemicals Market:
- 3M Company
- Adco
- Albemarle Corporation
- Arkema SA
- Ashland Inc.
- BASF SE
- Bolton Group
- Cemetaid (N.S.W.) Pty. Ltd.
- CHRYSO
- CICO Technologies Ltd.
- 15 +More
The economies of South East Asian nations such as
Indonesia, Philippines, and Malaysia are undergoing rapid economic growth,
which is likely to have a real impact on the construction industry. These
nations are witnessing strong demand for infrastructure projects, which, in
turn, will feed the demand for construction chemicals in the Asia Pacific,
thereby driving the regional market.
Fast urbanization in many developing regions
would support the construction chemicalsmarket
expansion over the coming years.Construction chemicals are generally used in
non-residential and infrastructure sectors, considering for over 67% of the
global volume.Residential is the most attractive part for new entrants in the
construction chemicals market.Asia Pacific region was the biggest consumer for
construction chemicals globally due to the development of the construction
industry and increasing infrastructure spending.
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