Market Research Report
Global Construction Chemicals Market - 2019-2026
|Published by||DataM Intelligence||Product code||739292|
Delivery time: 1-2 business days
|Global Construction Chemicals Market - 2019-2026|
|Published: November 1, 2019||Content info:||
The global Construction Chemicals market was valued at USD xx million in 2016, USD xx million in 2018, and is forecasted to reach USD xx million by 2025, with a CAGR of xx% during the forecasting period (2019-2026).
The market growth is driven by factors like growing infrastructure requirements in developing economies, improving the economics of construction, and increasing urbanization of the population.
The Global Construction Chemicals market is segmented by product types such as Concrete Admixtures, Protective Coating, Industrial Flooring, Waterproofing, Adhesives & Sealants, Grinding Aids, and Others (including grouts & anchors, surface treatment chemicals). In 2015, the concrete admixtures segment occupied the highest share of 38% in the construction chemicals market. Admixtures are used during the first stage of construction. Ligno-based, SNF (Sulfonated Naphthalene Formaldehyde) & SMF (Sulfonated Melamine Formaldehyde)-based and PCE-based are the three types of admixtures mostly prevalent in the market. Ligno-based admixtures were the first-generation admixtures with lower performance as compared to SNF & SMF- and PCE-based admixtures. PCE-based admixtures are the third-generation admixtures and are usually 3-4 times more expensive than SNF & SMF-/Ligno-based admixtures. The Asia-Pacific region has the highest consumption rate for admixtures owing to the huge number of infrastructure projects undertaken.
Based on end-user industries, the market is segmented into Commercial (Office Space, Retail, Hotels, Others), Infrastructural, Industrial (Roads & Bridges, Railways, Water, Energy, and Others (Airport, Metro)), Residential and Public Space. Construction chemicals are required to meet the requirements of the burgeoning world population and the incumbent urbanization. In industries, construction chemicals are necessary for stability and durability of the structures. Infrastructure is crucial to any economy, particularly emerging markets, as their growth rate is high. Construction chemicals are widely used in residential infrastructure, owing to the rise in demand for housing and domiciliary buildings in urban areas. The repair segment is relatively less explored in this market, though this end-use of construction chemicals is critical towards the maintenance of structures globally. Residential and infrastructure end-use segments collectively accounted for nearly 60% of the market share, in volume, for the year 2015.
The Asia Pacific leading the construction chemicals market
Geographically, the global construction chemicals market is segmented into North America, South America, Europe, Asia Pacific and RoW. The market is dominated by Asia-Pacific, which holds around 47% of the global market in 2017 due to increasing construction activities in countries like China and India. The renovation construction market in Europe is driving the market in this region followed by Europe. The North American market is also expected to grow due to high demand from the housing sector.
The major players of Construction Chemicals market include 3M Company, Akzo Nobel Chemicals AG, Albemarle Corporation, Arkema SA, Ashland Inc., BASF SE, Bolton Group, Cemetaid (N.S.W.) Pty. Ltd., CHRYSO, CICO Technologies Ltd., CONMIX Ltd., now DuPont, W.R. Grace & Co., Fosroc, Franklin International, Henkel AG & Company, KGaA, Lafarge, Mapei, Inc., MUHU Construction Materials Co. Ltd. and Pidilite Industries.
The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.