The global construction
chemicals market is expected to reach USD 67.61 billion by 2024, according to a
new report by Grand View Research, Inc. Construction chemicals were widely used
in non-residential & infrastructure sector accounting for over 60% of the
global revenue share in 2015. Upcoming projects such as Panama Canal expansion
is expected to foster the market growth over the forecast period.
Moreover, the global market was
valued at USD 39.16 billion in 2015 and is projected to witness growth over the
forecast period on account of rising residential and infrastructure activities
in rapidly developing economies of Asia Pacific. Government initiatives in
emerging economies such as India are also expected to fuel market growth.
In depth research report on Construction Chemicals Market
Further key findings from the report suggest:
•
The global construction
chemicals market demand was 33,309.2 kilo tons in 2015 and is projected to grow
at a CAGR of 5.2% over the forecast period. They help in reducing the water and
cement content in concrete, thereby bringing down the overall cost of the
structure and reducing emissions. They impart properties such as cross-linking
which results in increasing strength of the mortar.
•
The market for concrete
admixtures was estimated at USD 17.35 billion in 2015. Admixtures are mixed
with cement, sand and water to impart specific properties to the base material
such as durability. Most of the admixtures are available in a ready-to-use form
and are added to the mortar at the construction site.
•
Demand in Asia Pacific was
17,119.6 kilo tons in 2015 and is projected to witness tremendous growth on
account of increased government spending on the infrastructure sector and
rising opportunities for FDI in China and India. Increasing demand for
industrial, transportation and commercial facilities is expected to drive
growth.
•
MEA is also projected to be a
key market for construction chemicals over the forecast period. Infrastructure
projects worth USD 172 billion have been planned in 2015 by various national
governments in the region.
•
Key industry players include
BASF SE, Pidilite Industries Limited, FOSROC Chemicals India Private Limited,
Sika AG, W.R. Grace & Company, Dow Chemical Company, RPM International
Inc., Arkema S.A. and Mapei S.P.A. These companies focus on R&D for product
development to enhance their portfolio.
Grand View Research has
segmented the global construction chemicals market on the basis of product,
end-use and region:
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)
•
Residential
•
Non-residential &
Infrastructure
Global Construction Chemicals Regional Outlook (Volume,
Kilo Tons, Revenue, USD Million, 2013 - 2024)
•
North America
•
U.S.
•
Europe
•
Germany
•
France
•
Italy
•
UK
•
Asia Pacific
•
China
•
India
•
Japan
•
South Korea
•
Latin America
•
Brazil
•
MEA
Browse more research reports of this category:
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
No comments:
Post a Comment