BURNABY, Canada, May 30, 2014 /PRNewswire/ --
Growth in construction activities due to hosting of FIFA World Cup 2014 & Olympics 2016, coupled with government initiatives such 'My House, My Dream' to boost Brazil's construction chemicals market through 2019
Construction chemicals are specialty chemicals used for enhancing gone or more properties of building materials, thereby improving strength and durability of the entire building structure. The market for construction chemicals in Brazil has been broadly classified into four segments, which include concrete additives, protective coatings, asphalt modifiers, and adhesives & sealants. Protective coatings and concrete additives cumulatively account for majority of the market share on account of their higher consumption as well as prices. Asphalt modifiers are the chemicals added to asphalt for use in construction of roads, in order to make pavement surface resistant to crack formation and rutting, as well as to provide safe and comfortable vehicle ride.
According to a recently published TechSci Research report "Brazil Construction Chemicals Market Forecast & Opportunities, 2019", the Brazil construction chemicals market revenues are forecast to grow at a CAGR of around 7% during 2014-19.As per World Economic Forum, Brazil was ranked 107 out of 144 countries in terms of infrastructure in 2012. Poor infrastructure conditions and housing deficit in the country, coupled with favorable government initiatives, provide huge growth opportunity for the country's construction chemicals market over the next five years.
Brazil construction chemicals market is also witnessing higher mergers & acquisition activities in the region. Sika has recently announced plans to acquire Lwart, a domestic leader in waterproofing products, in order to strengthen its foothold in the Brazilian market. "Brazil infrastructure lags behind most of the developing and developed economies. The country continues to face huge road infrastructure issues and grave housing deficit. These factors, coupled with government initiatives and major sporting events in 2014 & 2016, are likely to drive Brazilian construction chemicals market through 2019, thereby boosting the construction chemicals industry in the country." said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm. Few of the dominant players in the market include Sika AG, BASF, W.R. Grace and RPM International.
"Brazil Construction Chemicals Market Forecast & Opportunities, 2019" has analyzed the potential of the construction chemicals market and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the construction chemical's industry in Brazil.
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SOURCE TechSci Research