BURNABY, Canada, August 12, 2015 /PRNewswire/ --
Housing shortage, government initiatives and rising investment in construction activities to drive Brazil construction chemicals market
According to recently released TechSci Research report, "Brazil Construction Chemicals Market Forecast & Opportunities, 2020", construction chemicals market in Brazil is projected to surpass USD1.3 billion by 2020. Various factors supporting growth of construction chemicals market are upcoming infrastructure projects involving development of railways, highways, metros and commercial & residential buildings, increasing investment on construction activities, increase in repair and renovation activities, and the upcoming 2016 Summer Olympics Games to be held in Rio De Janeiro.
More than 30% of the families in Brazil are either homeless or are living in poor housing conditions. To counter this issue, the government of Brazil is undertaking various initiatives that involve construction & maintenance of houses in order to reduce the housing shortage in the country. One such initiative is the 'Minha Casa and Minha Vida' housing program, which aims at providing improved and affordable housing facilities to the increasing population. These government initiatives are expected to drive construction activities in Brazil, consequently surging the demand for construction chemicals in the country over the next five years.
"The Southeast and Northeast regions of the country dominate the construction chemicals market in Brazil owing to expansion of road networks and railways, and growing investments towards improving and constructing airports in these regions. The Southeast region is expected to maintain its dominance in the market through 2020, due to extensive infrastructure and commercial construction in Rio De Janeiro & Sao Paulo.", said Mr. Karan Chechi, Research Director, with TechSci Research, a research based global management consulting firm.
"Brazil Construction Chemicals Market Forecast & Opportunities, 2020" has analyzed the future growth potential of construction chemicals market in Brazil, and provides statistics and information on market size, share and trends. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with major drivers, challenges and opportunities in Brazil construction chemicals market.
About TechSci Research
TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.
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SOURCE TechSci Research