Press Release / Business / Construction Chemicals Market | Industry Forecast Analysis and Demand with Forecast Overview to 2025

Construction Chemicals Market | Industry Forecast Analysis and Demand with Forecast Overview to 2025

Global Leaders:
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.), and W.R. Grace & Company (U.S.) among others. are some of the prominent players at
the forefront of competition in the Global Construction Chemicals Market and are profiled in MRFR Analysis.
Construction Chemicals 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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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.
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.
Segmentation Analysis:
The global construction chemicals market has been segmented based on product type, end use, and region.
On the basis of product type, the global construction chemicals market has been categorized into concrete admixtures, waterproof chemicals, flooring compounds, adhesives & sealants, and others.
On the basis of end use, the global construction chemicals market has been divided into residential, commercial, industrial, and infrastructure.
The global construction chemicals market, by region, has been segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
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Regional Analysis:
Asia-Pacific is expected to be the largest and most lucrative regional market for construction chemicals. The high growth of the regional market is attributed to increasing investments in infrastructure development, rapid industrialization, and increasing number of new residential building projects. China is expected to be the largest market in Asia-Pacific, while India followed by ASEAN countries is expected to be the fastest-growing markets during the forecast period. To cater to the growing demand for construction chemicals in the region, the leading players are investing to increase their production capacities in the region. For instance, in 2017 Fosroc, Inc started the production of concrete admixtures in Malaysia and inaugurated a new Powder Plant in Kolkata, India. These investments have helped to expand Fosroc’s geographic coverage.
North America is expected to be another prominent market for construction chemicals. The growth in the region is backed by the recovery of the construction industry in the US. The European market is projected to witness steady growth during the forecast period. Latin America and the Middle East & Africa are expected to have significant potential for the construction chemicals during the forecast period owing to economic growth and increasing investment in infrastructure development.
Construction Chemicals Market Competitive Analysis:
The construction chemicals is a fragmented market, the competition is intense among the players operating in this market with increasing demand for construction chemicals players operating in the market wants to capture maximum share in the market. Some of the strategies adopted by the players operating in the market includes, capacity expansions, product launches and expanding geographical presence.
The market consumption trends vary region to region, for instance, the economic downturn in 2008-09 in the U.S which had an adverse effect on the housing industry in the country witnessed sharp decline in the ceramic tile industry. However, the recent stats showing a positive outlook for housing market in the U.S for 2017-18 with low mortgage rates in the country beefing up new construction activities. Hence, a positive prospect for the ceramic tile players operating in the region. Since, the construction chemicals are majorly consumed in its close vicinity of production.