December 2017

Construction Chemicals Market - Size, Share and Forecast (2018 - 2023)

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Construction Chemicals Market 

The market was valued at USD 41,484.54 million in 2017. This market is expected to reach a value of USD 59,037.50 million by 2023, with an estimated CAGR of 6.06% during the forecast period (2018-2023). The construction chemical market is globally driven by a growing construction industry and increased innovation in construction procedures.

Construction chemicals, also known as specialty chemicals, are chemical compounds added in construction materials, such as cement and concrete. These compounds are added to improve performance, enhance workability, and protect and hold construction material and finished structures (such as that they are strong and bonded well together). In addition, these chemicals also aid in minimizing the amount of water and cement required during the construction process. Construction chemicals undergo physical (from melt to solidify) and chemical changes while being applied.

  • Construction chemicals (primarily used in the construction industry) have been segmented, based on end-user industries, into commercial, industrial, infrastructure, residential, and public space. The strength of concrete is considerably improved with the use of these chemicals. In addition, with the growing usage of these chemicals, the obligatory diameter of the pillar to support 100 metric ton has reduced drastically, from 100 cm to 10 cm. Owing to their ability to enhance performance and workability with constructional materials, and to minimize the use of construction materials, construction chemicals are becoming an integral aspect of construction activities in various construction sectors.  This market has also been segmented based on product type, into concrete admixtures, protective coating, industrial flooring, waterproofing, adhesives & sealants, cement grinding aids, and others (including grouts & anchors, surface treatment chemicals).         

Source: Mordor Intelligence Analysis

However, a lack of proper know-how of construction chemicals in the developing nations presents a challenge to the market. Therefore, manufacturers are penetrating the emerging markets, such as the Asia-Pacific, and Middle East & Africa, to increase the product adaptation rate, with a long-term goal of grabbing potential opportunities in these markets.

Areas with Scope for Construction Chemicals

The construction chemicals market is dominated by Asia-Pacific, which holds around 47% of the global market in 2017. Owing to growing construction activities in countries like China and India, this region is expected to maintain its high market share up to 2023. The recovering construction market in Europe is driving the market in this region, and Europe follows Asia-Pacific in terms of global construction chemicals market share. The North American market is also expected to grow at a healthy rate due to high demand from the housing sector. African, Latin American, and (especially) Middle Eastern markets are expected to grow at a healthy rate.

Notable Developments in the Market

  • In Oct 2017, BASF, one of the leading manufacturer of construction chemicals, started a new plant in Saint Petersburg in Russia with three production lines includes concrete additives, alkali-free concrete setting accelerators, and tunneling shield lubricants
  • In Jan 2017, PCI Group, a subsidiary of BASF, completed the acquisition of Henkel’s professional Western European Building Material Business
  • In Dec 2016, Arkema completed the acquisition of Den Braven, a leader in high performance sealants for insulation and construction, in Europe

Why purchase the Global Construction Chemicals Market Report?

  • Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities
  • Analyzing various market perspectives with the help of Porter’s five forces analysis.
  • Which application of construction chemicals will dominate the market?
  • Which market segment will witness the fastest growth?
  • Which of the regions or countries will witness fastest growth and identifying which regions are still untapped during the forecast period?
  • Identify the latest developments, market shares, and strategies employed by the major market players, such as:
    • 3M Company
    • BASF SE
    • CHRYSO
    • DOW Chemical Company
    • Henkel AG & Company, KGaA
    • Sika AG
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