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Construction Chemicals Market Overall Demand, Competitive Analysis, Future Prospects and Growth Opportunities Forecast to 2023
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On the basis of type, the construction chemicals market is categorized into concrete admixtures, adhesives, sealants, protective coatings, asphalt modifiers, and others. Others include flooring chemicals and flame retardants.
Among all types, the volume sales of concrete admixtures are expected to exhibit fastest growth in the construction chemicals market, witnessing a CAGR of 5.4% during the forecast period. Concrete admixtures offer high compressive strength, high workability, watertight, durability, wear resistance, and high finish for the complex modern structures.
High population growth rate and associated demand of infrastructure development are encouraging private players to invest generously in the industry. For instance, in Mexico, according to Council on Foreign Relations, due to the investment by private sector in commercial and residential building projects, the growth of construction activities increased by 2.0% in 2016 from the 2015 growth rate.
The construction chemicals market in Asia-Pacific (APAC) is expected to register a CAGR of 7.1% during the forecast period, in terms of value. The market growth in the region is mainly driven by the growing demand for construction chemicals from countries such as China and India.
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Some of the major players operating in the global construction chemicals market are Ashland Global Holdings Inc., Fosroc International Ltd., BASF SE, Arkema Group, Sika AG, W. R. Grace & Co., Mapei S.p.A, Pidilite Industries Limited, SOPREMA Group, Asia Mortar, Dayton Superior Corporation, Dahsin Waterproofing Co. Ltd., Bostik SA, Saint-Gobain S.A., SKK (S) Pte. Ltd., DowDuPont Inc., and H.B. Fuller Company.
GLOBAL CONSTRUCTION CHEMICALS MARKET SEGMENTATION
By Type
Concrete Admixtures
Adhesives
Sealants
Protective Coatings
Asphalt Modifiers
Others
By Geography
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Rest of Europe
APAC
China
Japan
India
South Korea
Rest of APAC
Latin America (LATAM)
Brazil
Mexico
Rest of LATAM
Middle East and Africa (MEA)
Saudi Arabia
South Africa
Rest of MEA
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Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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