According to a new research report published by Transparency Market Research (TMR), the global construction chemicals market had reached a market value of US$21.12 billion in the year 2012. Growing at a CAGR of 8.7% from 2013 to 2019, it is expected that this market will attain a value of US$37.68 billion by the end the forecast period.The research report is prepared after an extensive study of the global construction chemicals industry offering both, the quantitative as well as qualitative analysis of this market. It also provides detailed information on the basis of the past performance, current condition, and future prospects of the global construction chemicals industry across the globe.
Browse the full Construction Chemicals Market (Asphalt Additives, Concrete Admixtures, Adhesives, Sealants and Protective Coatings) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 report at http://www.transparencymarketresearch.com/global-construction-chemicals-market.html
The report is titled as “Construction Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”.The construction chemicals are referred as the chemical formulations mixed in specific quantities in concrete, cement or other construction material during the construction to meet the functional, visual, and the design requirements of civil structures. These chemicals are mostly employed in the construction of industrial, residential, infrastructural, and commercial projects. The main benefits of these construction chemicals includes assisting design professionals, constructors, and concrete manufacturers in the construction of new buildings and renovating old structures with maximum standards and minimum perils to the environment.
The construction industry in BRICS nations is rising enormously due to the favorable initiatives by the government to improve the infrastructure and conquer the housing deficit. This factor is expected to provide huge opportunities for the construction chemicals industry by 2020. Similarly, the increase in consumer preference for green buildings added with the presence of strict safety regulations is another factor driving the global construction chemicals industry during the forecast period. The slow growth of the construction sector in developed economies and the minimal awareness about the advantages of construction chemicals in emerging nations are expected to restrict the growth in this market. However, the development in bio-based construction chemicals is likely to present growth opportunities for the market in the future.
In 2013, the concrete admixture held over 55% share of the global construction chemicals market based on products. The protective coatings market is likely to develop at a moderate speed during the forecast period.In 2013, China emerged as the dominant consumer of construction chemicals, holding more than 40% of the global construction chemicals market, in terms of volume. Europe was the second-highest consuming region in 2013. But it is expected to develop at a slower pace in the coming years. The Rest of Asia Pacific is anticipated to showcase rapid growth owing to the emerging construction industry in Japan and India.
The global industry for construction chemicals is consolidated, with the top four participants holding around 48% share of the overall market in 2013. The key participants in this market are Sika AG, BASF SE, The Dow Chemical Company, Bostik, MAPEI S.p.A., W. R. Grace, and Akzo Nobel Chemicals AG.
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