Construction Chemicals Market Growth, Market Insights and Forecast to 2025
Posted by rekha on December 10th, 2019
“The Global Construction Chemicals Market was valued at US$ 31,426.2 Mn in 2018 and is expected to grow at a significant CAGR over six years forecast period 2019-2025 owing to surge in urbanization and growing global population”
Precision Business Insights (PBI) in its report titled “Global Construction Chemicals Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over six years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The global construction chemicals market is expected to be valued at US$ 31,426.2 Mn in 2018 and growing at a CAGR of 5.6% over the forecast period to reach US$ 47,834.2 Mn by 2025 owing to the increasing housing and commercial construction activities happening in across the globe mainly in the Asia Pacific region coupled with rising demand for the water-based products drives the growth of the market over the forecast years. Furthermore, increasing population coupled with the surge in the urbanization is the major factor driving the growth of the market for the construction chemicals. Additionally, adoption of new technologies in construction industry and developed of innovative construction procedures are anticipated to drive the growth of the market over the forecast years. However, stringent regulations by the government over the VOC emissions and unstable economic cycles are anticipated to hamper the growth of the market.
Global construction chemicals market segmented on the type, end use, and region.
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Concrete Admixtures segment accounted for higher revenue share
Based on type, global construction chemicals market is segmented concrete admixtures, water proofing & roofing, repair, flooring, sealants & adhesives, and others. Concrete admixtures segment accounted for the largest market share owing to increasing demand for concrete admixtures in the Asia countries such as China and India.
Asia Pacific dominates the market
PBI’s global construction chemicals market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to regional analysis, Asia Pacific dominated the market over the past years and is expected to grow with a CAGR of 7.5% over the forecast years owing to increasing demand for construction sector in the region due to increasing urbanization and the growing population in the Asian countries which demands for more number of residential constructions in the region. The entry of major players into the countries such as China, India and government’s decision in providing a home for each family in the developing countries are anticipated to drive the growth of the market. In China, government’s focus on infrastructure development and increasing investment by the private sectors in the development of infrastructure are expected to drive the growth of the market.
Key player’s profiles in the report are Henkel AG & Co. KGaA, LafargeHolcim, MAPEI SpA, Bolton Group, MUHU Construction Materials Co. Ltd., Nouryon, Conmix Ltd, DowDuPont, Ashland, BASF SE, Chryso SAS, Sika AG, 3M, Arkema Group, CICO Group, Cemetaid (N.S.W) Pty Ltd, Fosroc Inc., Franklin International, and GCP Applied Technologies Inc..
o Concrete Admixtures
o Water Proofing & Roofing
o Sealants & Adhesives
By End Use
o Repair Structures
o North America
o Latin America
o Middle East and Africa (MEA)
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About the Authorrekha
Joined: July 26th, 2019
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