Construction Chemicals Market Is Finds future growth and Business by 2022Posted by pooja on June 6th, 2019 Construction Chemicals Market Report, published by Allied Market Research, forecasts that the global market is expected to garner ,154 million by 2022, registering a CAGR of 5.6% during the period 2016 2022.The concrete admixtures segment leads the construction chemicals market with more than one-third of the market share during the forecast period. Construction chemicals are chemical compounds that optimize the performance of concrete and increase the life of end products. These additions provide further value for end users by reducing labor cost and minimizing wastage. The key elements that drive the construction chemicals market growth include rise in construction industry, increase in urbanization, and growth in conformity with latest manufacturing standards. However, change in regulatory environment and low consumer awareness inhibit the market growth. Concrete admixtures and water proofing & roofing chemical segments together dominated the construction chemicals market in 2015, accounting around two-thirds of the market share collectively. Concrete admixtures segment is expected to grow with a high CAGR of 9.9%, in volume terms, owing to the increased compressive strength and enhanced workability, so as to provide higher moving and positioning time. Residential and infrastructure end-user segments collectively accounted for three-fifths of the market share, in terms of volume, in 2015. Infrastructure segment is estimated to grow at the fastest rate with a CAGR of 7.7% during the forecast period. Key Findings of Construction Chemicals Market
The Asia-Pacific and LAMEA construction chemicals market is expected to offer lucrative growth opportunities, during the forecast period, with CAGRs of 5.8% and 6.1%, respectively. This is due to increase in economic development, expansion in the construction industry, and rise in the need for better infrastructure. The key players profiled in the world construction chemicals market include BASF SE, Arkema SA, Ashland Inc., Fosroc International Limited, Mapie S.p.A, Pidilite Industries, RPM International Inc., Sika AG, The Dow Chemical Company, and W.R. Grace & Company. Access Full Summery @https://www.alliedmarketresearch.com/construction-chemicals-market About Us:
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