Construction Chemicals Market Is Projected To Reach $67.61 Billion By 2024: Grand View Research, Inc.

Posted on 2018-05-17 by researchinsights in Chemicals, Construction // 0 Comments

The global construction chemicals market is expected to reach USD 67.61 billion by 2024, according to a new report by Grand View Research, Inc. Construction chemicals were widely used in non-residential & infrastructure sector accounting for over 60% of the global revenue share in 2015. Upcoming projects such as Panama Canal expansion is expected to foster the market growth over the forecast period.

Moreover, the global market was valued at USD 39.16 billion in 2015 and is projected to witness growth over the forecast period on account of rising residential and infrastructure activities in rapidly developing economies of Asia Pacific. Government initiatives in emerging economies such as India are also expected to fuel market growth.

To request a sample copy or view summary of this report:
www.grandviewresearch.com/industry-analysis/construction-chemicals-market

U.S. construction chemicals market revenue, by product, 2013 – 2024 (USD Million)

Further key findings from the study suggest:

The global construction chemicals market demand was 33,309.2 kilo tons in 2015 and is projected to grow at a CAGR of 5.2% over the forecast period. They help in reducing the water and cement content in concrete, thereby bringing down the overall cost of the structure and reducing emissions. They impart properties such as cross-linking which results in increasing strength of the mortar.
The market for concrete admixtures was estimated at USD 17.35 billion in 2015. Admixtures are mixed with cement, sand and water to impart specific properties to the base material such as durability. Most of the admixtures are available in a ready-to-use form and are added to the mortar at the construction site.
Demand in Asia Pacific was 17,119.6 kilo tons in 2015 and is projected to witness tremendous growth on account of increased government spending on the infrastructure sector and rising opportunities for FDI in China and India. Increasing demand for industrial, transportation and commercial facilities is expected to drive growth.
MEA is also projected to be a key market for construction chemicals over the forecast period. Infrastructure projects worth USD 172 billion have been planned in 2015 by various national governments in the region.
Key industry players include BASF SE, Pidilite Industries Limited, FOSROC Chemicals India Private Limited, Sika AG, W.R. Grace & Company, Dow Chemical Company, RPM International Inc., Arkema S.A. and Mapei S.P.A. These companies focus on R&D for product development to enhance their portfolio.

Related Report of Specialty Polymers:

Grand View Research has segmented the global construction chemicals market on the basis of product, end-use and region:

Global Construction Chemicals Product Outlook (Volume, Kilo Tons, Revenue, USD Million, 2013 – 2024)

Concrete Admixtures
Concrete Adhesives
Concrete Sealants
Protective Coatings

Global Construction Chemicals End-use Outlook (Volume, Kilo Tons, Revenue, USD Million, 2013 – 2024)

Residential
Non-residential & Infrastructure

Global Construction Chemicals Regional Outlook (Volume, Kilo Tons, Revenue, USD Million, 2013 – 2024)

North America
- U.S.
Europe
- Germany
- France
- Italy
- UK
Asia Pacific
- China
- India
- Japan
- South Korea
Latin America
- Brazil
MEA

Access Press Release Of This Research Report by Grand View Research: www.grandviewresearch.com/press-release/global-construction-chemicals-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Matched content

Editor’s pick