Construction Chemicals Market Size, Threats, Drivers and Technology Forecast to 2023

Global construction chemicals market is projected to reach $80,025.4 million by 2023, the market growth is driven by growing urbanization and increasing demand for aesthetically appealing residential and commercial infrastructures.

On the basis of type, the construction chemicals market is categorized into concrete admixtures, adhesives, sealants, protective coatings, asphalt modifiers, and others. Others include flooring chemicals and flame retardants.

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Among all types, the volume sales of concrete admixtures are expected to exhibit fastest growth in the construction chemicals market, witnessing a CAGR of 5.4% during the forecast period. Concrete admixtures offer high compressive strength, high workability, watertight, durability, wear resistance, and high finish for the complex modern structures.

High population growth rate and associated demand of infrastructure development are encouraging private players to invest generously in the industry. For instance, in Mexico, according to Council on Foreign Relations, due to the investment by private sector in commercial and residential building projects, the growth of construction activities increased by 2.0% in 2016 from the 2015 growth rate.

The construction chemicals market in Asia-Pacific (APAC) is expected to register a CAGR of 7.1% during the forecast period, in terms of value. The market growth in the region is mainly driven by the growing demand for construction chemicals from countries such as China and India.

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Some of the major players operating in the global construction chemicals market are Ashland Global Holdings Inc., Fosroc International Ltd., BASF SE, Arkema Group, Sika AG, W. R. Grace & Co., Mapei S.p.A, Pidilite Industries Limited, SOPREMA Group, Asia Mortar, Dayton Superior Corporation, Dahsin Waterproofing Co. Ltd., Bostik SA, Saint-Gobain S.A., SKK (S) Pte. Ltd., DowDuPont Inc., and H.B. Fuller Company.

GLOBAL CONSTRUCTION CHEMICALS MARKET SEGMENTATION

By Type

• Concrete Admixtures
• Adhesives
• Sealants
• Protective Coatings
• Asphalt Modifiers
• Others

By Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Rest of Europe
• APAC
  • China
  • Japan
  • India
  • South Korea
  • Rest of APAC
• Latin America (LATAM)
  • Brazil
  • Mexico
  • Rest of LATAM
• Middle East and Africa (MEA)
  • Saudi Arabia
  • South Africa
  • Rest of MEA

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Created on Jan 11th 2019 01:46. Viewed 497 times.

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