Dec 6, 2018   SOURCE: BusinessWire

The Global Market for Construction Chemicals is Expected to Reach $67.6 Billion by 2024 - High Demand from Asia Pacific - ResearchAndMarkets.com

The "Construction Chemicals Market Size, Share & Trends Analysis Report By End Use (Non-residential & Infrastructure, Residential), By Product (Concrete Adhesives, Concrete Sealants), And Segment Forecasts, 2018 - 2024" report has been added to ResearchAndMarkets.com's offering.

The global construction chemicals market size is expected to reach USD 67.61 billion by 2024. The global market is estimated to register a CAGR of 6.3% during the forecast period. Rising urbanization, coupled with various infrastructural developments are boosting market growth.
The most important group of raw materials found in almost every construction chemical formulation are polymers. In many cases, the chemical producer, construction chemical manufacturer, and end-user work together on the formulation to get the desired product.
Most of the key players in this market spend around 3% of their total expenditure on R&D activities every year. BASF SE, The Dow Chemical Company, Bayer Material Science, Wacker Chemie AG, and SABIC are some of the major raw material suppliers for these chemicals.

Non-residential and infrastructure end-use segment is expected to have high penetration due to rapid urbanization in emerging economies. On the other hand, residential segment is expected to witness the fastest growth rate of 6.6% during the forecast years, in terms of revenue.

Key Findings

  • The global market for construction chemicals stood at 33,135 kilo tons in 2015 and is projected to expand at a volume-based CAGR of 5.2% over the forecast period.
  • The residential segment accounted for 33% of the total market volume in 2015.
  • Sluggish growth in the European construction sector due to rising utility expenditure is expected to limit the market development in the region.
Market Dynamics
Drivers
  • High Demand from Asia Pacific
  • Growing Infrastructure Developments
Restraint
  • Fluctuating Economic Cycles

Topics Covered

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Construction Chemicals Industry Outlook

Chapter 4 Construction Chemicals Product Outlook

Chapter 5 Construction Chemicals Application Outlook

Chapter 6 Construction Chemicals Regional Outlook

Chapter 7 Competitive Landscape

Companies Profiled
  • SIKA AG
  • Chembond Chemicals Limited
  • RPM International Inc.
  • Cera-Chem Private Limited
  • MAPEI Corporation
  • Fosroc International Ltd.
  • Bostik Inc.
  • H.B. Fuller
  • Henkel AG & Company
  • BASF SE
  • The Dow Chemcial Company
  • Pidilite industries

For more information about this report visit https://www.researchandmarkets.com/research/pt2h8q/the_global_market?w=4