Construction Chemicals Market by Product Type (Sealants & Adhesive, Concrete Admixture, Waterproofing and Roofing, Flooring, Repair, and Other Product Types); By End-Use (Residential, Industrial/Commercial, Infrastructure, and Repair Structures); By Geography (North America, Asia-Pacific, Europe, South America and RoW), Industry Trends, Estimation & Forecast, 2017 – 2025
According to the Global Construction Perspectives and Oxford Economics, the US, China, and India will lead the market accounting for 57% of the share in the global construction market.
Construction chemicals are formulations used with concrete, cement or other construction materials to hold the construction material together. Construction chemicals help enhance concrete strength and quality, offer water-tightness and protect concrete structures from atmospheric degradation. In addition, these chemicals reduce the amount of water and cement usually required during construction. Construction chemicals are an essential component of the chemical industry and are playing an important role in developing economies.
Increasing construction activities, rising government & private investments in infrastructure, and booming real estate sectors are the major factors driving the growth of the global construction chemicals market. According to the Global Construction Perspectives and Oxford Economics, the US, China, and India will lead the market accounting for 57% of the share in the global construction market. In addition, rising global population and economic stability in many countries have influenced individuals to move towards commercial, residential buildings, which in turn thrives the market growth. For instance, according to World Economic Situation and Prospects, in the year 2017, global economic growth is estimated to have reached 3%, a significant acceleration compared to growth of just 2.4% in 2016, and the highest rate of worldwide growth recorded since 2011.
The use of construction chemicals is considerably low in India owing to the lack of awareness in the country which may act as a restraining factor for the market. However, with proper awareness about these sectors, the use of construction chemicals will augment and thus contribute to the Indian economy. Furthermore, the growing demand for roads, bridges, dams, buildings, tunnels for the improvement of infrastructure facilities across the globe is expected to create several growth prospects for the market in the coming years.
The global construction chemicals market is classified on the basis of product type, end use, and geography. The product type is further classified into sealants & adhesive, concrete admixture, waterproofing and roofing, flooring, repair, and other product types. Among which, concrete admixture sub-segment accounted for the largest market share as cement is the major binding material used in the construction industry. Moreover, concrete admixtures are used for reducing water content in concrete and improve durability which also increases the demand for concrete admixture in the construction industry. On the basis of the end use segment, the bifurcation can be given as residential, industrial/commercial, infrastructure, and repair structures. Among the end use segment, commercial/industrial and infrastructure sectors dominated the global market. The high growth in commercial and industrial sectors is attributed to the expansion of ultramodern offices and workspaces along with rapid urbanization and enhanced lifestyles.
Moreover, geographical coverage has been offered for each of the major regions including North America, Asia-Pacific, Europe, South America and Rest of the World. Where, Asia-Pacific contributed to the majority of the share in the global market owing to the factors such as rapid expansion of the construction industry, and a huge consumer base and cheaper manufacturing costs in the region. Similarly, in terms of growth, Asia-Pacific is projected to witness the fastest growth during the forecast period, driven by increasing investments in infrastructure development together with rising consumer disposable income levels.
Market Players and Competitive Analysis
Key players profiled in the global construction chemicals market report include BASF SE, Arkema SA, Fosroc International Limited, Ashland Inc., Pidilite Industries, RPM International Inc., The Dow Chemical Company, Sika AG, Mapie S.p.A, and W. R. Grace & Co.
Key players operating in the market are adopting various growth strategies such as product launch, acquisition, and agreement to sustain in the intense competition and improve its product portfolio. For instance, in May 2018, BASF opened its first manufacturing plant in Myanmar, producing construction chemicals for the local market. The new plant is equipped with production units, warehousing facilities, and a laboratory for quality control that will provide the facility to produce high quality, tailor-made concrete admixtures to meet the increasing demand for construction chemicals in Myanmar.
Construction Chemicals Market Segmentation
By Product Type
- Sealants & Adhesive
- Concrete Admixture
- Waterproofing and Roofing
- Other Product Types
By End Use
- Repair Structures
- North America
- Rest of Europe
- Rest of APAC
- South America
- Rest of South America
- Rest of the World
- Middle East
Table of Content
In-flight Catering Market Key Players
- BASF SE
- Arkema SA
- Fosroc International Limited
- Ashland Inc.
- Pidilite Industries
- RPM International Inc.
- The Dow Chemical Company
- Sika AG
- R. Grace & Co.
What Information does this report contain?
• What was the market size of the Construction Chemicals Market in 2017 and the expected market size by 2025, along with the growth rate?
• An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
• Which are the largest revenue generating products, services or regions and their comparative growth rate?
• Which technology is in trend and how would it evolve during the forecast period (2017 – 2025)?
• Which are the leading companies in the Construction Chemicals Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?
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