Construction Chemicals are the chemicals use with cement, concrete or other construction material, which are used for holding the construction material together. Construction Chemicals are extensively used for the infrastructural activities such as residential & non-residential structures and infrastructural activities such as roads, bridges and dams. The prime concern of the construction is maintaining the quality of the constructed structure for a longer time frame, which can be addressed by the use of Construction Chemicals.
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The growth of Construction Chemicals Market is attributed to the growth in construction industry. The continuous innovation and development in the infrastructure is one of the important factors which are driving the demand of Construction Chemicals Market. The rapid industrialization and urbanization are also contributing to the growth of the Global Construction Chemicals Market. The adoption of up graded technologies and extensive R&D by existing players of the market is expected to spur the growth of the construction chemical market.
June 2018 Sika which is a Swiss chemicals group is expected to expend up to $1 billion on acquisitions in a year to hasten up its growth in the next five years. The maker of construction chemicals was previously held back from big purchases in the past, due to a constraint which no longer applied after the Burkard family sold their controlling stake to Saint-Gobain last month. The new agreement will give Saint-Gobain a 10.75% stake in Sika rather than overall control which it had sought. Sika is now able to spend 300 to 500 million Swiss francs a year on acquisitions, up from 200 million francs which were concentrated mainly on smaller deals. Sika will reveal greater sales targets next year to substitute the current 2020 goals, which will run for five years.
Regional Analysis of Construction Chemical Market
The Construction Chemical Market can be geographically segmented into North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). Asia-Pacific is expected to dominate the Global Construction Chemical Market, due to growing urbanization which is fuelling the growth of infrastructure projects, thereby leading to the highest consumption of the global cement production. The Construction Chemical Market in the region is also growing with the rising awareness of benefits of construction chemicals.
Global Competitive Analysis
The vital trends and players have established a positive tone for development. The opportunities for growth and innovation have increased at a rapid pace transforming the landscape of the market. Engaging and converting prospective opportunities is modifying the growth pace of the market considerably. The competitors in the market have been spurred to devise strategic road-maps that capitalize on the positive market cues. The momentum of the market’s growth has altered the competitive background of the market. By ensuring supply and demand are in balance the competitors can unlock new opportunities for growth. The key players and trends have created a positive tone for development.
The significant competitors in the Market for Construction Chemicals are Arkema SA (France), Ashland Inc. (U.S.), BASF SE (Germany), Mapie S.p.A (Italy), The Dow Chemical Co.(U.S.), Fosroc International Limited (U.K.), RPM International Inc. (U.S.), Pidilite Industries Limited (India), W.R. Grace & Company (U.S.), Sika AG (Switzerland) and others.
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