Global Construction Chemicals Market: Trend analysis and Forecast to 2022.

The Global Construction Chemical Market is projected to grow with a CAGR between 5.5% – 6.0% over the forecast period of 2016-2022 and surpass USD 40 billion by 2022. It was worth nearly USD 27 billion in 2015. Construction chemicals are the chemical compounds that are added in construction material to improve workability, enhance performance and to protect construction material. These chemicals are widely used in construction of residential, non-residential and non-building infrastructural activities such as road, highways and expressways. The main objective of construction chemicals is to strengthen the structure with enhanced durability. Moreover, the use of these chemicals offers the long lasting and crucial benefits with assured quality.

Infrastructure is the most attractive segment of global construction chemical market due to which, the global market is majorly driven by the rapid infrastructural growth across the world. Moreover, developing economies, improving economics of construction and increasing urbanization of population are also considered as prime factors driving the growth of this market. In addition, technological advancement and product innovation in construction chemicals is anticipated to support the growth of construction chemical market over the forecast period. Increasing housing projects in developing economies and growing urbanization are expected to present opportunities in this market for leading player and new entrants over the forecast period.

Segments Covered

The report segments the global construction chemical market by type, by application and by region. Market segmentation based on type include concrete admixtures, waterproofing & roofing, repair, flooring, sealants & adhesives and other. Concrete admixtures are used during initial stages of construction due to which it is most dominating segment in the world market and accounted 39% of market share. On the basis application the construction chemicals market is segmented into residential, industrial/commercial, infrastructure and repair structure.

Geographic Coverage and Analysis:

The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World (ROW). Asia pacific is the largest market for construction chemicals globally, with the market share of more than 41%. Increasing domestic demand for residential and commercial building in china alone accounted more than one third market share of construction chemicals globally, and is considered to be the key factor driving dominance of APAC. Furthermore, Europe is the fastest growing region after APAC for construction chemicals and is anticipated to grow at fastest CAGR of XX% over the forecast period.

Companies Profiled:

The companies covered in the report includes

BASF SE, W.R. Grace
RPM International Inc
Sika A.G.
Fosroc International
The Dow Chemical Company
Arkema S.A.
Ashland Inc.
Mapei S.p.A
Pidilite Industries.