Press release
Construction Chemicals Market : Growth Dynamics| by key vendors Fosroc International, Arkema S.A., Ashland Inc., Mapei S.p.A, and W.R. Grace
Construction Chemicals
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๐บ๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐ ๐ท๐๐ ๐๐๐๐๐ ๐ฐ๐๐ ๐๐๐๐๐๐๐, ๐ฉ๐จ๐บ๐ญ ๐บ๐ฌ, ๐น๐ท๐ด ๐ฐ๐๐๐๐๐๐๐๐๐๐๐๐ ๐ฐ๐๐., ๐บ๐๐๐ ๐จ.๐ฎ., ๐ป๐๐ ๐ซ๐๐ ๐ช๐๐๐๐๐๐๐ ๐ช๐๐๐๐๐๐, ๐ญ๐๐๐๐๐ ๐ฐ๐๐๐๐๐๐๐๐๐๐๐๐, ๐จ๐๐๐๐๐ ๐บ.๐จ., ๐จ๐๐๐๐๐๐ ๐ฐ๐๐., ๐ด๐๐๐๐ ๐บ.๐.๐จ, ๐๐๐ ๐พ.๐น. ๐ฎ๐๐๐๐.
Construction Chemicals Market Outlook โ Need for Durable and Lightweight Materials Expected to Boost Demand
Rapidly increasing growing construction industry coupled with complex modern infrastructural needs fuels growth of construction chemicals market. Asia Pacific is one of the major contributors to the construction chemicals market. This is owing to constantly growing construction industry in emerging economies such as India and China.
According to India Brand Equity Foundation (IBEF)โpart of the Department of Commerce, Ministry of Commerce and Industry, Government of Indiaโthe Indian construction industry is expected to grow to a value of US$ 5 billion by 2020. Also, various government schemes and foreign investments have augmented the growth of construction chemicals market in the region. Growing infrastructural needs in India has attracted various investors such as Silver Spring Capital Management, Altico Capital, The Construction Industry Development Board of Malaysia, and many more. This in turn creates a conducive environment for market growth.
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High price of construction chemicals is one of the restraining factors for the construction chemicals market. Mergers and acquisitions and expansions in various geographies are some of key strategies followed by the top players in the construction chemicals market. In August 2016, Pidilite Industries, a leading manufacturer of construction chemicals, adhesives and sealants, along with Industria Chimica Adriatica Spa (ICA) of Italy formed an equal joint venture company - Wood Coat. Developing an innovative product portfolio is also one of the key strategies for the new entrants in the construction chemicals industry. The Dow Chemical Company is developing construction chemicals with increased use of silicone, which will enhance the characteristics of construction chemicals.
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