FELTON, California, October 5, 2017 /PRNewswire/ --
In terms of global market size, the construction chemicals market was valued at USD 39.17 billion in the year 2015 and is expected to register considerable growth over the forecast period. Rising requirements from numerous end-use industries including residential & non-residential and infrastructure is expected to drive the market growth over the next nine years.
In addition, the market expansion is expected to be driven by rapid shift towards urbanization and rising focus towards infrastructure development in emerging economies. Moreover, government initiatives in emerging economies such as India are also presumed to drive the market growth.
On account of stricter environmental regulations, the market participants are focusing on research and development activities to come up with new products complying with guidelines established by various regulatory bodies. Application of biochemical as construction chemicals is at its initial stage, that could prove to be a revolutionary technology in future. Emerging countries such as India and China are presumed to fuel the market owing to various upcoming infrastructure projects under development. China was the major construction market accounting for over 20.0% of the global share in the year 2015.
The market is also expected to witness a significant growth on account of rising rate of mergers and acquisitions by major players in the market. In addition, technological innovations have resulted in the rise in usage of other specialty chemicals which consist of chemical flooring, surface coating chemicals, grouting compounds and structural adhesives.
Browse 97 page research report with TOC on "Global Construction Chemicals Market" at: https://www.millioninsights.com/industry-reports/construction-chemicals-market
In terms of market volume share, concrete admixtures accounted for 64.07% in the year 2015 on account of its wide usage in concrete to strengthen its chemical and physical properties. Its applications include all types of constructions such as residential and non-residential infrastructure. The product improves the strength of the construction by providing strong durability, enhanced durability, chemical resistance and considerably lowering cement and water requirement.
Infrastructure and non-residential industry accounted for over 60% of the total market revenue share in 2015. Construction chemicals are applied in non-residential segments such as hotels, office spaces, retail, erection of warehouse and industrial buildings. The growth for infrastructure activities is driven by government initiatives in developing economies which consist of India, China, Brazil and Mexico. In addition, the market growth is anticipated to be fueled by growing trend towards metropolitan developments caused an increase in the need for more residential buildings.
With a market share over 45%, the Asia Pacific region was valued as the largest market for the product globally in 2015. India and China are the key markets in the region contributing over 50% of the total regional market size. The growth of construction chemicals market is directly associated with the development of construction sector.
Asia is presumed to witness an investment of about USD 8.0 trillion by the year 2020 according to the Asia development bank. Growing urbanization trend and increasing disposable income of population in countries such as India, Vietnam and China has generated a necessity for better transport systems, water & sanitation facilities and buildings. Further, numerous international investors are focusing on re-allocating their capital in APAC.
The major players in the global construction chemicals market are FOSROC chemicals, BASF SE, Grace & Co., Arkema S.A., Dow chemicals, Pidilite Industries Ltd., Mapei S.P.A and RPM International Inc. The market is extremely competitive in nature with key players engaged in product innovation and R&D.
Browse reports of similar category available with Million Insights:
- Tower Crane Market - https://www.millioninsights.com/industry-reports/tower-crane-consumption-market
- Mirrored Bathroom Wall Cabinets Market - https://www.millioninsights.com/industry-reports/mirrored-bathroom-wall-cabinet-market
- Interior Design Market - https://www.millioninsights.com/industry-reports/interior-design-market
- Curtain Fabric Market - https://www.millioninsights.com/industry-reports/curtain-fabric-market
Global Construction Chemicals Product Outlook (Volume, Kilo Tons, Revenue, USD Million, 2013 - 2024)
- Concrete Admixtures
- Concrete Adhesives
- Concrete Sealants
- Protective Coatings
Global Construction Chemicals End-use Outlook (Volume, Kilo Tons, Revenue, USD Million, 2013 - 2024)
- Non-residential & Infrastructure
Construction Chemicals Regional Outlook (Volume, Kilo Tons, Revenue, USD Million, 2013 - 2024)
- North America
- Asia Pacific
- South Korea
- Latin America
About Million Insights:
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
Research Support Specialist, USA
Toll Free: 1-866-831-4085
SOURCE Million Insights