The Global Construction Chemicals Market was valued at USD 18.74 billion in 2015 and is projected to reach USD XX.XX billion by 2020, at a CAGR of 7.14% during the forecast period from 2015 to 2020. Construction chemicals, regarded as specialty chemicals, are defined as chemical compounds, which are added in construction materials such as cement and concrete at the construction site to improve the performance, enhance workability, and protect and hold construction material and finished structure strong and 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.
With the use of construction chemicals the strength of concrete has improved considerably. In addition, apart from the aforementioned, with the growing usage of these chemicals, the diameter of the pillar obligatory to support 100 tons has reduced drastically from 100 cm to 10 cm. Construction chemicals, owing to their ability to enhance performance by and workability with constructional materials, and the capability to minimize the usage of the construction materials, is becoming an integral part of the construction activities in various sectors such as residential, industrial, and commercial. In the Global Construction Chemicals market report, we have taken the following major end-user applications into consideration: Commercial, Industrial, Infrastructure, and Residential. The Commercial building segment accounted for about XX.XX% share of the Global Construction Chemicals market in 2015.
This market is driven by a number of factors, such as increasing construction activities in emerging economies and Middle-Eastern region, and growing adoption of innovative construction procedures. However, this market faces certain drawbacks, the high cost associated with these chemicals, and matured market conditions in the developed economies. 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 admixture, flame retardants, protective coatings, sealants, waterproofing chemicals, and other construction chemicals. The market has also been geographically segmented into Asia-Pacific, North America, Europe, South America, and the Middle-East & Africa. In terms of market revenue in 2015, Asia-Pacific led the market with a share of XX.XX%. It was followed by Europe and North America. Continuous improvements in economic conditions in the Asia-Pacific region has enhanced the financial status of the consumers, which has increased the demand for buildings and boosted the infrastructural development 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, the recovering construction industry in Europe will offer numerous opportunities in the growth of the European Construction Chemicals market, in turn propelling the growth of the Global Construction Chemicals Market. Some of the major companies dominating this market for its products, services, and continuous product developments are BASF SE, Sika AG, W.R. Grace & Co., Mapei Inc., and RPM International Inc.
Key Deliverables in the Study