What's Driving The Construction Chemicals Market Trends & Size? Key Company Profiled In Ashland, 3M, BASF, W. R. Grace & Co., Fosroc, Arkema, Henkel, AkzoNobel, The Dow Chemical Company, Mapei, Evonik, Huntsman Corporation, Albemarle Corporation

Based on the product categories, the construction chemicals market size has been segmented into asphalt modifiers, protective coatings, concrete admixtures, adhesives and sealants. Asphalt modifiers finds its extensive use in the construction of roads and highways and is likely to grow with over 9% CAGR in the forecast period.

Exponential population growth along with favorable government policies to provide houses at reasonable costs will push Construction Chemicals industry revenue. As per Global Market Insights, Inc., “Construction Chemicals Market value is forecast to surpass USD 50 billion by 2024.” High spending by BRICS nations on infrastructural development and construction activities will further drive the industry trends. BRICS construction sector, which was estimated at USD 3 trillion in 2015, is anticipated to cross USD 9 trillion by 2024 and will contribute significantly towards ferroalloy industry revenue. Furthermore, rising demand for eco-friendly green construction along with growing requirement for energy conservation is anticipated to propel industry size over the coming timeframe.

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Rising demand for the maintenance work of existing buildings is driving the sealants and adhesives market highly. Repairs and modifications done over existing constructions as per the trends in the industry are likely to, in turn boost the construction chemicals market size.

Industry impact forces

• Growth drivers

1. Booming construction industry in BRICS nations
2. Positive environmental impact and rising government initiatives

• Industry pitfalls & challenges

1. Mature construction industry in developed nations
2. Lack of awareness in the emerging nations

Asia Pacific held a major chunk of share in the global construction chemicals market owing to urbanization and heavy industrialization in the developing countries such as India, China and Japan. In 2015, the region is likely to grow with a CAGR of over 9% during the forecast period and registered a revenue exceeding USD 14 billion. Rising population in the developing economies such as India, China Japan, Vietnam, Malaysia, Indonesia and others are boosting the regional construction chemicals industry to new heights.

The construction chemicals market size in North America generated over 3.5 billion in 2015 and will comparatively grow at a slower rate as compared to Europe and Asia Pacific owing to developed infrastructure and construction industry.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. BASF
2. Pulastic sports flooring
3. W. R. Grace & Co.
4. RPM International Inc.
5. Fosroc
6. Arkema
7. Henkel
8. AkzoNobel
9. The Dow Chemical Company
10. Mapei
11. Tata Chemicals
12. gujarat alkalies and chemical ltd
13. Evonik
14. KNOPP
15. Huntsman Corporation
16. Albemarle Corporation
17. tremco illbruck The Netherlands
18. Ashland
19. Pidilite Industries Limited
20. 3M

Below are the geographical trends influencing global construction chemicals market over 2016-2024:

Europe construction chemicals industry revenue, valued at over USD 4.5 billion in 2015, is anticipated to record an annual growth of 8% over the coming period of 2016-2024, driven by high demand for sealants, protective coatings, and adhesives for repair and maintenance of heritage constructions.

Asia Pacific construction chemicals market size, worth USD 14 billion in 2015, is forecast to grow at a rate of 9% over the coming seven years. High government funding for infrastructural projects due to the swift rise in population will push the regional growth. Vietnam, China, Malaysia, Japan, Indonesia, Philippines, and India are likely to be the major regional revenue contributors.

Latin America construction chemicals industry is projected to witness a massive growth over the coming seven years, owing to beneficial government polices to provide houses at reasonable costs to the low-income group population. Brazil is projected to contribute considerably toward the regional share.

Browse key industry insights from the report, “Construction Chemicals Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/construction-chemicals-market

Construction Chemicals industry is highly consolidated with top four industry players contributing to nearly 50% of the overall revenue. Market participants will also try to increase their ROI and increase their regional presence through product innovations, strategic collaborations, and joint ventures. W. R. Grace & Company, Huntsman Corporation, BASF SE, The DOW Chemical Company, Evonik Industries, Knopp GmbH, 3M Company, Arkema, AkzoNobel Chemicals, RPM International Incorporation, Sika Group, Henkel AG & Company KGaA, and Pidlite Industries Limited are some of the key players in construction chemicals market.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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