Construction Chemical Market 2019
As mentioned in a report, the global construction chemical Market is expected to grow in an impressive manner. Concrete admixtures are ingredients which are added to the concrete mixture before or during mixing and these ingredients reduce concrete construction cost along with enhancing better quality during mixing, transporting, placing, and curing. They are basically used to hold construction material together.
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• BASF SE (Germany)
• Arkema SA (France)
• Ashland Inc. (U.S.)
• Fosroc International Limited (U.K.)
• Mapie S.p.A (Italy)
• Pidilite Industries Limited (India)
• RPM International Inc. (U.S.)
• Sika AG (Switzerland)
• The Dow Chemical Co. (U.S.)
• W.R. Grace & Company (U.S.)
With the increasing population and economic stability in many countries, demand for constructing more commercial, public, and residential properties is also increasing which is expected to bolster the global construction chemicals market. Rising disposable income inspire people to invest more for better residential structures and also in order to meet the growing demand for constructing dams, buildings, tunnels, bridges, and roads more construction chemical is needed.
Since construction chemicals are used to build structures with an aim to enhance their life and provide additional protection from the environmental hazards, so even the government is taking initiatives to increase its awareness among the people. Along with the opportunities, challenges faced by the key players operating in this market are also studied in the report.
The global construction chemical market has been segregated into type and application. Based on the type, the market has been segmented into concrete admixtures, sealants & adhesives, protective coatings among others. The demand for concrete admixtures is increasing at a rapid speed as it improves concrete strength’s development and performance characteristics. Based on the application, the market has been segmented into residential, infrastructure, industrial and others. Of all, the residential building is the leading segment in the global construction chemical market and is likely to maintain its dominance as well in the coming years owing to increasing number of residential projects.
Detailed Regional Analysis
The market of the global construction chemicals has been analysed across the United States, Europe, India, Japan, China, and Southeast Asia, Middle East and Africa and Central & South America. The Asia-Pacific construction sector is the largest in the world which is increasing at a healthy rate. Rapidly growing population, increase in middle-class incomes, and urbanization together is increasing the demand for construction chemical across the region. Also, rapidly growing technology and innovative construction procedures are some other factors that are likely to prove favourable in the growth of the construction chemicals market. Meanwhile, North American market will also grow rapidly which is mainly due to enhancement in infrastructure facilities across the nation which is further driving the global market. Also, the European and North American market with large customer base for infrastructure activities results in increasing demand of construction chemical across the entire region. Rising interest of people in developing constructions using advanced and hi-tech technologies, especially in countries like Brazil, Australia, Russia, and India will further boosts the global market growth in the approaching years.
The construction chemical market is highly fragmented due to leading producers accounting majority of the market share. Key players operating in this market are more focused on expansion plans and launching new products in order to increase their revenue and customer base as well in the approaching years.
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