Global Construction Chemicals Market to touch USD 52.6 BN by 2025
Posted On March 04, 2019
According to Value Market Research, the Global Construction Chemicals Market was valued at USD 37.1 BN (by revenue) in 2018 and is anticipated to reach USD 52.6 BN by 2025 growing with a CAGR of 6% till 2025. The report covers information like market size, regional revenue forecast and drivers to enhance the business productivity and profitability under the study period.
Construction chemicals are specialty products which include chemicals like concrete admixtures, asphalt additives, protective coatings, adhesives and sealants that are crucial for sustainable infrastructure and energy conservation in the construction industry. Application of these chemicals helps to increase the durability of buildings, improved chemical resistance, reduction in cement & water and provide protection against environmental hazards. These chemicals also provide a pleasing appearance to the infrastructure and are widely used across residential, industrial, commercials and other construction projects.
The report "Global Construction Chemicals Market Report By Product (Concrete Admixtures, Concrete Adhesives, Concrete Sealants And Protective Coatings), End-Use (Residential And Non-residential & Infrastructure) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2018-2025" provides a quantitative analysis of current and future market state which assists in identifying the emerging market opportunities.
Expansion of the construction industry coupled with rising government initiatives in order to promote the utilization of environmental friendly construction products is expected to propel the market growth. Rise in population rate and ongoing urbanization is the main reason that drives the need for sustainable infrastructure, hence this is also presumed to fuel the market demand. Moreover the growing number of a residential and non-residential building across the globe will also favor the market growth. On the other hand, fluctuating prices of raw material are projected to act as a challenge for the market.
The market segmentation chapters of the report cover products, end-use, and regions. The product comprises of concrete admixtures, concrete adhesives, concrete sealants, and protective coatings. Concrete Admixtures is gaining traction in the market owing to its excellent characteristics such as its enhanced durability, offer better strength and its addition reduces water ratio. End-Use includes residential and non-residential & infrastructure. Out of which, non-residential is dominating the market owing to the growing number of commercial and industrial spaces across the globe. Region-wise the market analysis covers North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Currently, Asia-Pacific is ruling the global construction chemical industry owing to the ongoing urbanization and industrialization in the region. Also, the growth in this region directly depends on the growing number of residential as well as commercial buildings.
The Report Segments Global Construction Chemicals Market -
- Concrete Admixtures
- Concrete Adhesives
- Concrete Sealants
- Protective Coatings
- Non-residential & Infrastructure
- North America
- Latin America
- Middle East and Africa
Key Players Profiled In The Report:
SIKA AG, Chembond Chemicals Limited, RPM International Inc., Cera-Chem Private Limited, MAPEI corporation, Fosroc International Ltd., Bostik Inc., H.B. Fuller, Henkel AG & Company, BASF SE, The Dow Chemical Company and Pidilite industries.
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