Construction Chemicals Market Will Secure Nearly USD 67.61 billion With New Growth Opportunities

Construction Chemicals Market is anticipated to reach USD 67.61 billion by 2024, expanding at a 6.3% CAGR during 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.

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The market growth 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.

Product Insights

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.

Super plasticizers and plasticizers are broadly utilized as concrete admixtures. Super plasticizers are suitable for pre-stressed concrete as majority of the products are chloride free. Chloride causes an oxidation reaction with metals, which then causes corrosion, weakening the building structure.

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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.

The expansion of the residential & non-residential segment is caused by growing per capita income together with strengthening economic policies in the emerging economies. Overseas investments have increased in the recent years in Asia Pacific, which is also propelling the growth.

Regional Insights

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.

Construction and infrastructure activities have seen a rapid growth in the country since the launch of 2011-20 Economic Transformation Program (ETP) by the Malaysian government. The construction sector in Vietnam was valued at USD 24.0 billion in the year 2012. All these factors are projected to result in the consistent growth of construction industry in APAC region, which in turn will cause a high growth of construction chemicals in this region.

Competitive Insights

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.

Market players are trying to enlarge their customer reach through various strategies which consist of new product launches and exhibitions. The U.S. based manufacturer, Dow Chemicals is a key player in this market. The firm manufactures a wide range of sealant products and adhesives. Strategic agreements and launching innovative products has helped the company to preserve their position in the construction chemicals market globally.

Construction Chemicals Market Latest Competitive Insights & Trends To 2028

JUNE 18, 2020: The global Construction Chemicals market is expected to witness a remarkable growth in the years to come. This could be credited to an exponential rise in construction activities in the developing economies. The basic objective of construction chemicals is providing longevity, environmental sustainability, and durability to the structure. It has been reported that newly developed construction chemicals do give superior performance. Some of these chemicals include silicon caulks, mortars, polymer-based grouts, and specialty cement additives.

The market is segmented by type, product, end-use, and geography. By type, the market spans sealants & adhesives, flooring, repair, water proofing & roofing, concrete admixtures, and the other chemicals. By end-use, the segmentation spans commercial/industrial, infrastructure, repair structures, and residential. By product, the market consists of protective coatings, concrete sealants, and concrete adhesives.

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By geography, the Construction Chemicals Market says North America (U.S.), Europe (UK, France, Italy, and Germany), Asia Pacific (South Korea, Japan, India, and China), LATAM (Brazil), and MEA. Asia Pacific, LATAM, and MEA have exceptional potential with regards to construction chemicals. Herein, construction firms do initiate huge residential projects with a higher grade of construction materials for making way for enhanced structural sustainability and integrity. Urban displacement has thus made greater strides in these developing economies. China leads the construction chemicals market for Asia Pacific. Japan and India come in second and third.

The players contributing to the market include W.R. Grace & Co., The Dow Chemical Company, Sika AG, RPM International Inc., Pidilite Industries, Mapie S.p.A, Fosroc International Ltd., Ashland Inc., Arkema SA, and BASF SE. Inorganic as well organic growth are on the anvil. For instance – Arkema, in 2016, did increase Bostik Smart Adhesives (Malaysia) production capacities with regards to cementious construction products. In the same year, L.M. Scofield was acquired by Sika AG for expanding the latter’s concrete business in North America.

The global Construction Chemicals market was valued at $XX million in 2018, and Radiant Research analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2018 and 2028.

This report provides detailed historical analysis of global market for Construction Chemicals from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Construction Chemicals market.

Leading players of Construction Chemicals including:

• Bostik

• Sika Ag

• Mapei

• RCI

• Parex

• The Dow Chemical Company

• KoSTER

• Boysen Paints

• CORD CHEMICAL INC.

• TWIN ACES INDUSTRIES

• ALLGEMEINE BAU-CHEMIE PHIL

• Sealbond

• Hardex Corporation

• ALPHATEC CHEMICAL CORP.

• Evonik

• BASF

• Henkel

• H.B. FULLER

• 3M

Market split by Type, can be divided into:

• Asphalt Additives

• Concrete Admixtures

• Adhesives

• Sealants

• Protective Coatings

Market split by Application, can be divided into:

• Residential Construction

• Commercial Construction

• Industrial Construction

Market split by Sales Channel, can be divided into:

• Direct Channel

• Distribution Channel

Market segment by Region/Country including:

• North America (United States, Canada and Mexico)

• Europe (Germany, UK, France, Italy, Russia and Spain etc.)

• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)

• South America Brazil, Argentina, Colombia and Chile etc.)

• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)

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Table of Contents

Chapter 1 Construction Chemicals Market Overview

1.1 Construction Chemicals Definition

1.2 Global Construction Chemicals Market Size Status and Outlook (2013-2028)

1.3 Global Construction Chemicals Market Size Comparison by Region (2013-2028)

1.4 Global Construction Chemicals Market Size Comparison by Type (2013-2028)

1.5 Global Construction Chemicals Market Size Comparison by Application (2013-2028)

1.6 Global Construction Chemicals Market Size Comparison by Sales Channel (2013-2028)

1.7 Construction Chemicals Market Dynamics

1.7.1 Market Drivers/Opportunities

1.7.2 Market Challenges/Risks

1.7.3 Market News (Mergers/Acquisitions/ Expansion)

Chapter 2 Construction Chemicals Market Segment Analysis by Player

2.1 Global Construction Chemicals Sales and Market Share by Player (2016-2018)

2.2 Global Construction Chemicals Revenue and Market Share by Player (2016-2018)

2.3 Global Construction Chemicals Average Price by Player (2016-2018)

2.4 Players Competition Situation & Trends

2.5 Conclusion of Segment by Player

Chapter 3 Construction Chemicals Market Segment Analysis by Type

3.1 Global Construction Chemicals Market by Type

3.1.1 Asphalt Additives

3.1.2 Concrete Admixtures

3.1.3 Adhesives

3.1.4 Sealants

3.1.5 Protective Coatings

3.2 Global Construction Chemicals Sales and Market Share by Type (2013-2018)

3.3 Global Construction Chemicals Revenue and Market Share by Type (2013-2018)

3.4 Global Construction Chemicals Average Price by Type (2013-2018)

3.5 Leading Players of Construction Chemicals by Type in 2018

3.6 Conclusion of Segment by Type

Chapter 4 Construction Chemicals Market Segment Analysis by Application

4.1 Global Construction Chemicals Market by Application

4.1.1 Residential Construction

4.1.2 Commercial Construction

4.1.3 Industrial Construction

4.2 Global Construction Chemicals Sales and Market Share by Application (2013-2018)

4.3 Leading Consumers of Construction Chemicals by Application in 2018

4.4 Conclusion of Segment by Application

Chapter 5 Construction Chemicals Market Segment Analysis by Sales Channel

5.1 Global Construction Chemicals Market by Sales Channel

5.1.1 Direct Channel

5.1.2 Distribution Channel

5.2 Global Construction Chemicals Sales and Market Share by Sales Channel (2013-2018)

5.3 Leading Distributors/Dealers of Construction Chemicals by Sales Channel in 2018

5.4 Conclusion of Segment by Sales Channel

Continued………………


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