Market Analysis 2018, Major Key Players Reviews – Arkema SA, Ashland Inc., Fosroc International Limited, Mapie S.p.A, Pidilite Industries Limited, RPM International Inc. and Sika AG

Market Overview:
Construction chemicals are specialty chemicals used in various construction activities residential, non-residential and renovation. These chemicals enhances the overall performance of end products used in the building and construction. The construction chemicals can be broadly classified into concrete admixtures, waterproofing chemicals, flooring compounds, and adhesives & sealants among others.

As the name suggests, the market is highly dependent on the dynamics of construction industry across the globe. On a holistic, the emerging economies such as Asia Pacific and Middle East is expected to be the sweet spot for construction chemicals. For instance, India’s vision “Housing For All by 2022” initiatives is expected to boost the demand. Whereas, regained stability of housing market and increasing reconstruction activities in developed economies is expected to drive the demand.

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Key Players:
The key players of Construction Chemical Market are BASF SE (Germany), Arkema SA (France), Ashland Inc. (U.S.), Fosroc International Limited (U.K.), Mapie S.p.A (Italy), Pidilite Industries Limited (India), RPM International Inc. (U.S.), Sika AG (Switzerland), The Dow Chemical Co.(U.S.), W.R. Grace & Company (U.S.) and others.

Industry/ Innovation/ Related News:
August, 2016 – BASF opened its first production plant in Sri Lanka for the production of standard and custom-made performance based construction chemicals. The plant was in line with company’s geographic expansion strategy to cater the increasing demand from customers in Sri Lanka

April, 2016-, BASF expanded its construction chemicals division in Russia. This expansion was in line with expanding the waterproofing chemicals portfolio for the Russian market.

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April, 2016-, In line with the rapid growth of construction industry in India, BASF launched three new constructions solutions in the India market. Low-viscosity concrete admixtures, waterproofing solutions and waterproofing solutions for parking structure. The solutions launched are cost-effective, durable thus minimising the resources used in construction and repairs.

February, 2016- Sika AG, opened two construction chemicals plant in Southeast Asia addressing the increasing construction activities in the region. The plants are located in Myanmar and Cambodia. This expansion was in line with company’s strategy 2018, which involves penetration into new markets by opening new factories.

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This release was published on openPR.