Research report presented by UnivDatos, Emphasis on Product (Concrete Admixtures, Concrete Adhesives, Concrete Sealents, Asphalt Modifiers, Protective Coatings, Others), Application (Infrastructure, Residential and Non-residential) and Geographical analysis (key regions and countries).
As per the research report, The Global Construction Chemicals Market generated revenue of US$ 39.0 billion in 2018 and is expected to grow at a CAGR of 7.10% during the forecast period 2019-2025. Construction chemicals are additives that are used with concrete, cement, or other construction materials to provide additional durability and workability to infra structures. The type of chemical to be used depends on the size and nature of the project. Construction chemicals are used to obtain certain desired characteristics in concrete such as high workability, high compressive strength, and high performance and durability to meet the requirement of complexity of modern structures. Hardeners are used with structures to protect them against moisture and making them dustproof by bonding the crystalline structure of cement. Construction chemicals are the chemical compounds used to modify the properties of the construction materials. These chemicals reduce the amount of water used in any construction project. They play a crucial role in improving the overall performance of a building and non-building structures. These chemicals can be categorized into different product segments including concrete admixtures, construction adhesives, construction sealants, protective coatings, and waterproofing chemicals.
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The global constructing industry is growing in full swing. As per a report named Global Construction 2030 published by PwC, it has been forecasted that the volume of construction output will grow by 85% to $15.5 trillion worldwide by 2030, with three countries, China, US and India, leading the way and accounting for 57% of all global growth. The global construction growth has been predicted to be of 3.9% per annum to 2030, outpacing that of global GDP by over one percentage point, driven by developed countries recovering from economic instability and emerging countries continuing to industrialize. Rising industrialization paired with urbanization would increasing the overall demand for residential and non-residential building and infrastructure. This would further driver the demand for construction chemicals at global scale, majorly driven by developing economies such as China and India.
“In 2018, Concrete admixture product segment dominated the market and is expected to lead the market by 2025”
Based on products, the market is segmented into Concrete Admixtures, Concrete Adhesives, Concrete Sealants, Asphalt Modifiers and Protective Coatings and other applications. In 2018, Concrete admixture product segment dominated the market with 27.5% share and is expected to lead the market by 2025. Concrete consists of cement, sand, aggregate and water. Anything other than these if added in concrete either before or during mixing to alter the properties are termed as admixtures. Further, the use of admixtures offers certain beneficial effects to concrete such as improved workability, acceleration or retardation of setting time, reduce water cement ratio etc. Adhesives used in construction industry are classified by function into two broad categories, structural and non-structural. Structural adhesives are used to bond materials which must withstand loads or stresses acting to compromise structural integrity. It is used to build roads, parking lots, airport runways, sidewalks, tennis courts, playgrounds and bike paths. Finally, protective coatings are a simple way to reduce corrosion, by limiting the exposure of the metal to a corrosive environment. Paint is a very common protective coating, but tar, pitch, bitumen and plastics are also used as an alternative.
For Regional/country-wise analysis of the overall adoption of Construction Chemicals browse through – https://univdatos.com/report/construction-chemical-market-current-scenario-and-forecast-2019-2025
“Residential segment dominated the global construction chemicals application segment, accounting for 34.6% share in 2018”
Based on the application the report segments the market into Infrastructural, residential and non-residential. The commercial building industry has experienced unprecedented growth in recent years. Its transformation is mainly owed to technological advancements and a shift in project management techniques. Further, the infrastructure segment includes public utilities projects such as bridges, roads, rail tracks, airports, highways, water supply and resources etc. Increasing traffic loads, exposure to severe environmental conditions in service in conjunction with increasing demands for faster construction and extended service life create challenges for construction professionals who build and maintain bridges, highways and other transportation-related structures. Finally, Residential segment includes the construction of residential properties for individual and family dwelling. The market fragments into single-unit, manufactured, duplex, quad-plex, and apartments and condominiums.
To analyze the ongoing and projected development under the construction sector browse through - https://univdatos.com/report/construction-chemical-market-current-scenario-and-forecast-2019-2025
“Asia-Pacific is regarded as the hub of construction sector owing to countries such as India and China. This has helped the region to dominate the global construction chemical market. Asia-Pacific accounted for ~50% share in 2018”
For better understanding the overall adoption on construction chemical, detailed analysis has been conducted for different region/country including North America (US, Canada), Europe (Germany, UK, France, Italy and others), Asia-Pacific (China, Japan, India, Australia and others), MEA (Saudi Arabia, UAE, Qatar, South Africa and others) and South & Central America (Brazil). The increasing construction activities in emerging economies, such as India & China, and the increased adoption of innovative construction procedures are driving the market of the infrastructure sector in the Asia-Pacific region. The key areas of expected growth are social infrastructure, schools, hospitals, government accommodation, water, defence infrastructure, and water resources. Furthermore, the growing adoption of ready-to-mix concrete in the region and the rising FDIs in the real estate sector is expected to offer numerous opportunities for the growth of the Asia-Pacific construction chemicals market. Demand for construction chemicals has a direct correlation with the level of new and redevelopment construction activity being undertaken in a specific region.
Competitive Landscape-Top 10 Market Players
Some of the major players operating in the global Construction Chemicals Market are RPM International, Arkema, Ashland, BASF, DuPont, Fosroc, Sika, CICO, Bostik and Mapei. These companies have adopted numerous growth strategies including innovation product launches, investment in R&D, partnership, mergers etc. to sustain in the growing construction chemical market. Owing to the growth prospect, the industry has witnessed various start-ups flourish in the past few years, however they are operational at regional level only.
The Construction Chemicals Market can be customized for different region globally and at country level as well. Besides this, UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients.
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