Construction Chemicals Market Set to Witness an Uptick during 2017 ? 2027Posted by Shrikant Ghuge on January 5th, 2018 Future Market Insights has come up with a new publication titled “Construction Chemicals Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027),” which tracks the performance of the global construction chemical market for the projected period of 10-years i.e. between 2017 and 2027. The global construction chemical market is expected to grow on a positive note during the forecast period. In terms of volume, consumption of construction chemicals across the globe was pegged at 23,934 KT in 2016 and is expected to increase at a CAGR of 4.9% (By volume) over the forecast period to reach 40,158 KT by the end of 2027. Growth in the market is expected to be driven by favourable policies and regulations and growing construction activities across the globe. Emphasis on oversea business development and sales, apart from domestic market and customized products for end use industries are the new trends witness in the global construction chemical market. Global Construction Chemicals Market- Key Takeaways
Request for Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-284 Global Construction Chemicals Market- Forecast by Product Type On the basis of product type, the global construction chemical market is segmented into water proofing chemicals, protective coating, concrete admixture, adhesives and sealants and asphalt additives. The concrete admixture segment is expected to have a majority share in the global construction chemicals market throughout the forecast period. Increasing rate of urbanization in the Asia Pacific region, coupled with increasing demand from the residential sector and rising infrastructure development, are major driving factors for the growth of the concrete admixture segment. Global Construction Chemicals Market- Forecast by Application Type On the basis of application type, the global construction chemical market is segmented into residential, commercial & industrial and infrastructure. The residential and commercial & industrial segments together are expected to hold a major share of the global construction chemicals market throughout the forecast period. The sale of construction chemicals for residential applications is expected to be valued at US$ 24.63 Bn by 2027 end, registering CAGR of 5.8% in terms of value during the forecast period. Global Construction Chemicals Market- Forecast by Region This report has covered seven regions namely, North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA. With 45.3% revenue share, APEJ region is expected to dominate the market in 2027. Rising per capita income and rapid urbanisation & infrastructure development in APEJ are the major driving factors for the growth of the construction chemicals market. Global Construction Chemicals Market- Key Players Some of the key players operating in the global construction chemical market are BASF SE, GCP Applied Technologies, SIKA AG, The Dow Chemical Company, RPM International Inc., Ashland Inc., MAPEI, Akzo Nobel NV, Arkema SA, Fosroc, Covestro AG, HB Fuller Company, Lanxess AG, The 3M COMPANY, Wacker Chemie AG, Huntsman Corporation, Momentive, Performance Materials, and Guangzhou Jointas Chemical Co., Ltd. Like it? Share it!More by this author |