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Construction Chemical Market

Global Construction Chemical Market To Attain A Market Size Of Us$ 62.7 Billion By 2025, Growing At A Cagr Of 7.10% During The 2019-2025 Period

The Global Construction Chemical market is anticipated to reach a market valuation of US$62.73 billion by 2025 expanding at a CAGR of 7.10% in the course of the forecast period (2019-2025). The construction chemical industry is dependent on the growth and demand of construction industry. So, as the construction industry grows, construction chemical industry would grow hand in hand. The construction sector is increasingly influenced by megatrends such as a shortage of resources and the impact of climate change. In order to meet the demands of these megatrends there is a growing need to identify and develop chemical additives that provide optimal interaction between the various mineral substrates. Construction chemicals are essential for high-quality concrete and for the improvement of concrete performance they account for nearly 2% to 5% of the project cost but the benefits realized are far more than the increase in the cost of the project. The global constructing industry is growing in full swing. As per a report named Global Construction 2030 published by PwC, it has been forecasted that the volume of construction output will grow by 85% to $15.5 trillion worldwide by 2030, with three countries, China, US and India, leading the way and accounting for 57% of all global growth. The global construction growth has been predicted to be 3.9% per annum to 2030, outpacing that of global GDP by over one percentage point, driven by developed countries recovering from economic instability and emerging countries continue to industrialize. Rising industrialization paired with urbanization would increase the overall demand for residential and non-residential buildings and infrastructure. This would further drive the demand for construction chemicals at global scale, majorly driven by developing economies such as China and India.

For Regional/country-wise analysis of the overall adoption of Construction Chemicals browse through https://univdatos.com/report/construction-chemical-market-current-scenario-and-forecast-2019-2025

Infrastructure is the most attractive segment for the construction chemicals industry. It would be the first preference for new entrants due to a surge in population and urbanization that drives the need for sustainable infrastructure and environmentally friendly products. Chemical products such as concrete admixtures help in minimizing the quantities of cement and water required during the construction project. The simultaneous crumbling of aging infrastructure in developed economies and surge of development in developing economies would drive a steady 4% annual growth on infrastructure investment. Total infrastructure investment accounted for US$4 trillion in 2017. Globally, the main sectors of infrastructure demand are power and gas utilities, oil and gas, and transportation. In addition, private investment is expected to increase its role in current share of global investment from its current total of roughly 15%. The OECD estimates that more than US$50 trillion is needed by 2030 to upgrade existing and build the required new infrastructure worldwide. But governments are more challenged than ever in raising their own capital, and many countries have not created the right environment to access the private investment funds that are readily available Use of construction chemical for infrastructure development is expected to grow at a CAGR of 7.07% during 2019-2025. The residential segment dominated the construction chemicals market in 2018.

To analyze the ongoing and projected development under the construction sector browse through https://univdatos.com/report/construction-chemical-market-current-scenario-and-forecast-2019-2025

Construction chemicals are crucial for sustainable infrastructure and energy conservation in the construction industry. The global construction chemicals market is segmented based on type as concrete admixtures, waterproofing & roofing, repair, flooring, sealants & adhesives, and others. In 2018, the concrete admixtures segment occupied highest share of 27.4%. Admixtures are ideally used during the first stage of construction. Ligno-based, SNF (Sulfonated Naphthalene Formaldehyde) & SMF (Sulfonated Melamine Formaldehyde)-based and PCE-based are the three types of admixtures mostly prevalent in the market. Ligno-based admixtures were the first-generation admixtures with lower performance as compared to SNF & SMF and PCE-based admixtures. PCE-based admixtures are the third-generation admixtures and are usually 3-4 times more expensive than SNF & SMF-/Ligno-based admixtures. The Asia-Pacific region has the highest consumption rate for admixtures owing to the huge number of infrastructure projects undertaken.

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For better understanding the overall adoption on construction chemical, detailed analysis has been conducted for different region/country including North America (US, Canada), Europe (Germany, UK, France, Italy and others), Asia-Pacific (China, Japan, India, Australia and others), MEA (Saudi Arabia, UAE, Qatar, South Africa and others) and South & Central America (Brazil). The increasing construction activities in emerging economies, such as India & China, and the increased adoption of innovative construction procedures are driving the market of the infrastructure sector in the Asia-Pacific region. The key areas of expected growth are social infrastructure, schools, hospitals, government accommodation, water, defense infrastructure, and water resources. Furthermore, the growing adoption of ready-to-mix concrete in the region and the rising FDIs in the real estate sector is expected to offer numerous opportunities for the growth of the Asia-Pacific construction chemicals market. Demand for construction chemicals has a direct correlation with the level of new and redevelopment construction activity being undertaken in a specific region.

Some of the major players operating in the global construction chemical market are RPM International, Arkema, Ashland, BASF, DuPont, Fosroc, Sika, CICO, Bostik and Mapei. These companies have adopted numerous growth strategies including innovative product launches, investment in R&D, partnership, mergers, etc. to sustain in the growing construction chemical market. Owing to the growth prospect, the industry has witnessed various start-ups flourish in the past few years, however they are operational at regional level only.

Global Construction Chemical Market Segmentation

Market Insights, by Product

  • Concrete Admixtures
  • Concrete Adhesives
  • Concrete Sealents
  • Asphalt Modifiers
  • Protective Coatings
  • Others

Market Insights, by Application

  • Infrastructure
  • Residential
  • Non-Residential

Market Insights, by Region

  • North America Construction Chemical Market
    • United States
    • Canada
  • Europe Construction Chemical Market
    • Germany
    • United Kingdom
    • France
    • Italy
  • Asia-Pacific Construction Chemical Market
    • China
    • Japan
    • India
    • Australia
  • The Middle East & Africa Construction Chemical Market
    • Saudi Arabia
    • United Arab Emirate
    • Qatar
    • South Africa
  • South and Central America Construction Chemical Market
    • Brazil

Top Companies Profiled

  • RPM International Inc.
  • Arkema S.A.
  • Ashland Global Specialty Chemicals Inc.
  • E. I. du Pont de Nemours and Company
  • Sika AG
  • CICO Group
  • Bostik
  • Mapei S.p.A.

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