Rapid urbanization is expected to fuel the construction chemicals market over the forecast period

Posted On May, 06, 2016

Global construction chemicals market is expected to experience brisk growth over the forecast period due to increase in urbanization trend across the world. The rise in demand from various end-use industries such as residential and non-residential & infrastructure is estimated to contribute to the construction chemicals market growth over the next eight year period.

Chemicals that are used in materials such as concrete and mortar to enhance the compatibility with protecting, performance and building structures are known as the construction chemicals. These chemicals are added in a particular quantity of the construction materials to achieve civil structures aesthetic, functional, and design requirement. These are a chemical formulation that is used with cement during construction to have firm hold between the building materials. Construction chemicals have gained popularity and become a major chemical industry component. These chemicals play a vital role in infrastructure development across the world. They have gained popularity as it is known to enhance the structures strength & increase their life and protect the structure from environmental hazards. Furthermore, it reduces the cement and water quantity required to construct any structure.

High demand from developing region with rising disposable income and rapid industrialization the market is estimated to have tremendous growth over the forecast period. Need to improve the construction economies and quality is expected to fuel the industry growth. Rapid urbanization and commercialization have led to the increase in construction activities for residential & non-residential structures. Existing infrastructures in developed countries is estimated to hinder the industry growth. New product development due to stringent environmental regulations is expected to open new opportunities for the industry participants. Fluctuating raw materials prices are presumed to challenge the sector in the next few years.

The construction chemicals market can be classified into Concrete admixture, protective coatings, concrete sealants and concrete adhesives based on product type. Concrete admixture product type are used in concrete and mixed to enhance its chemical and physical properties. They are widely utilized in all construction type such as non-buildings/infrastructure, residential, and non-residential Plasticizers & plasticizers are extensively employed as concrete admixtures. Superplasticizers are mostly chloride free, thus are suitable to be used with pre-stressed concrete. Chloride has oxidation reaction with metals, these results in corrosion and makes the structures weak.

End-use for construction chemicals include infrastructure, residential and non-residential. In the non-residential sector, these chemicals are used in warehouse, industrial& manufacturing building, hotels, office spaces and retail construction.

Governments are taking initiatives to have advanced infrastructure development in emerging economies such as China, India, Mexico, and Brazil, thus is expected to propel the growth of construction chemicals market. Furthermore, an increase in rapid urbanization has contributed to rising residential building construction in recent past and is supposed to show a similar trend over the forecast period. Thus, the market is estimated to witness rapid growth over the forecast period.

The rise in disposable income along with high economic policies in the developing regions is expected to cater to the residential and non-residential sector growth. The increase in foreign investment in Asia Pacific region during recent years is expected to fuel the demand for these chemicals further in infrastructure, residential and non-residential end-use sector.

Key regional markets include North America, Europe, Central & South America, Middle East & Africa, and Asia Pacific. Regions such as Asia Pacific have dominated the global market owing to high demand in the recent past. These regional markets are expected to show a similar trend over the forecast period due to rapid urbanization and industrialization. The rise in disposable income has created a need for improved buildings, transport systems, and water & sanitation facilities. Moreover, many foreign investors are trying to re-allocate their capital in this region. India and China are the major countries contributing to the growth in this region. Advanced regions including Europe and North America are expected to experience positive growth in the industry owing to massive investment in the infrastructure development. Emerging economies such as India and China are accounted for major market growth and are estimated to foresee a continuous growth over the next eight year period. Innovation and development towards efficient electricity supply are anticipated to enhance the growth further in this region in near future.

Industry participants are investing in product innovation and research & development initiatives to generate a better quality product which gives them a competitive advantage over other players. Market vendors are focusing on increasing their customer base with the strategies such as new product exhibitions and launches. For instance, Dow Chemical Company U.S. based firm a significant market player in this industry. The company produces a broad variety of sealant and adhesive products. It has made strategic agreements & launched innovative products to retain their position in the construction chemicals market across the globe. Prominent industry participants include BASF SE, FOSROC Chemicals India Private Limited, W.R. Grace & Company, RPM International Inc., Pidilite Industries Limited, Sika AG, Dow Chemical Company, Mapei S.P.A. and Arkema S.A.

Access news release of research report on global construction chemicals market: http://www.grandviewresearch.com/press-release/global-construction-chemicals-market

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