HYDERABAD, India and MINNEAPOLIS, March 8, 2016 /PRNewswire/ --
According to the market report "Construction Chemical Additives Market: By Type (Plasticizers, Super Plasticizers, Air Entraining Agents, Water Proofing Agents, Leveling Agents, Sealants) By Application (Residential, Non-Residential, Infrastructure, Others)-Forecast(2015-2020)", published by IndustryARC, the construction chemical additives market is estimated to reach $60.5 Billion by 2020 at a high CAGR.
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Browse - 82 Market Tables, 42 Figures spread through 160 Pages and an in-depth TOC on "Construction Chemical Additives"
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Construction chemical additives are chemical formulations, which are used in construction of residential, non-residential buildings. These are specialty chemicals, which help increase the durability and strength of the structures being constructed. Major types of additives being used are concrete admixtures, water-proofing compounds, leveling agents and sealants. The concrete admixtures are again divided into plasticizers, super plasticizers and air entraining agents. The major advantages attributed to the usage of these additives include concrete stabilization, slump reduction, waterproofing, water reduction and improving the overall strength of the construction. Construction chemical additives have a wide range of applications including residential, non-residential, infrastructure and renovation.
The Construction Chemical Admixtures (CCA) Market volume is forecast to grow by 9.7% between 2015 and 2020. Concrete admixtures held the majority share with more than 70% for the fiscal year ending 2015. By 2020, the market share of concrete admixtures is estimated to witness an upsurge due to an increasing awareness among people and falling prices. Furthermore, waterproofing compounds accounts for third largest share, in terms of volume, when compared to other additives being used. Leveling agents are anticipated to grow at a CAGR 11.7% due to increasing infrastructure construction. As leveling agents are the highly used additives among infrastructure segment because of the kind of aesthetics they provide to the building.
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The global market for CCA in 2015 was $39.5 Billion and is dominated by APAC region, which is poised to exhibit the fastest growth due to favorable macroeconomic conditions such as population growth and financial conditions like increasing FDI investments. China and India are the growth frontiers for the construction chemical additives manufacturers providing a huge potential market to be tapped. China is the largest construction chemicals market with a share of 24.5% currently. China has overtaken the U.S as the world's leading market of construction chemicals and is expected to remain the largest during the forecast period. Other major markets include North America, which accounted for a significant market share. The construction chemicals market in the U.S is anticipated to grow at a CAGR of 18% during the forecast period 2015 to 2020.
The Following Types of Construction Chemical Additives are analyzed in the Report:
The admixtures construction chemical additives analyzed in report are:
The number of manufacturers across the world for construction chemical additives has increased manifold. These manufacturers are actively investing in scaling up their position in the market and are able to attract profitable deals. Some of the major players are BASF SE, Sika AG, W. R Grace & Co and many others. Major firms spent huge amounts of capital in the development of efficient technologies and at the same time, new firms are coming up with cutting-edge technological innovations, resulting in tremendous increase in the degree of competition. Consequently, product launches, mergers and acquisitions and partnerships by companies, universities as well as individual researches has been frequenting the construction market headlines.
Sika and BASF, Key Players of this Industry, have 50% of the major developments acclaimed for in the last five years. They are followed by W.R Grace Construction and Ardex GmbH with 11% and 9%, industry specific developments respectively. There are a total of 54 developments over a period of 5 years, covered by top 10 major players in the market.
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The overall construction chemicals market is characterized by large number of companies but the top three companies account for 54% market share due to the wide distribution network and brand reputation. Rapid developments in emerging countries and use of innovative products and materials in construction activities have supported the growth of construction chemicals additives markets. Along with the demand growth, the adoption of new technologies for construction chemical in emerging economies such as China and India provides a strong impetus to the market growth. Innovation is a key driver for this segment. As per the industry, construction chemical sector spends approximately 3% of its sales on R&D of new products and technologies. This is one of the strategies to increase the market share. The new firms that venture into this market will need huge capital for investment in manufacturing and marketing along with offering product or pricing benefits to customers. The market is poised to exhibit new product launches and strategic acquisitions or partnerships, as major companies explore for new opportunities.
The Construction Chemical Additives Market report is a comprehensive study of the market for different types, applications and geography.
The Market has been analyzed by the following end user areas:
Following Key Players were also covered as part of the market landscape analysis:
The market has also been analyzed for four geographic regions which include North America, APAC, Europe and Rest of the World.
The Market Segmentation by Geography;
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