The Asia-Pacific construction chemicals market is expected to value USD XX million in 2016 and is likely to reach USD XX million by 2021, at a CAGR of XX% during the forecast period 2016-2021.
Construction chemicals, regarded as specialty chemicals, are defined as chemical compounds that are added in construction materials, such as cement and concrete, at the construction site to improve the performance, enhance workability, protect & hold construction material and finished structure strong and bonded together. Additionally, these chemicals also aid in minimizing the quantities of water and cement required during the construction process. The construction chemicals undergo physical (from melt to solidify) and chemical changes during their application.
The strength of concrete has improved considerably with the use of construction chemicals. In addition, with the growing usage of these chemicals, the obligatory diameter of the pillar to support 100 metric tons has reduced drastically from 100 cm to 10 cm. Construction chemicals, owing to their ability to enhance performance & workability with constructional materials, and the capability to minimize the use of construction materials, are becoming an integral part of the construction activities in various sectors, such as residential, industrial and commercial. In the Asia-Pacific construction chemicals market report, we have taken the following major end-user applications into consideration: commercial, industrial, infrastructure and residential. The XX building segment accounted for about XX% share of the Asia-Pacific construction chemicals market in 2015.
This market is driven by a number of factors, such as increasing construction activities in emerging economies such as India, and increased adoption of innovative construction procedures. However, this market faces certain drawbacks, such as the high cost associated with these chemicals. These factors may act as a roadblock to the growth of the market.
The global construction chemicals market, on the basis of product type, can be broadly segmented into adhesives, concrete and cement admixtures, flame retardants, protective coatings, waterproofing chemicals and other construction chemicals. The market has been segmented into China, India, Japan, South Korea, ASEAN Countries, Australia & New Zealand, and Rest of Asia-Pacific. In terms of market revenue, China dominated the Asia-Pacific construction chemicals market, with a share of XX% in 2015. Continuous improvements in economic conditions in the region has enhanced the financial status of the consumers, in turn boosting the demand for buildings and other infrastructural activities in the region (as the region is becoming a new industrial hub), consequently making the Asia-Pacific an area of immense potential and opportunities.
Furthermore, growing adoption of ready-to-mix concrete in the region, and rising FDIs in the real estate sector is expected to offer numerous opportunities for the growth of the Asia-Pacific construction chemicals market. Some of the major companies dominating the market for its products, services, and continuous product developments are BASF, Sika AG, W.R. Grace & Co., and Mapei.
Key Deliverables in the Study