BURNABY, Canada, February 1, 2016 /PRNewswire/ --
Increasing government expenditure on infrastructure development coupled with growing demand for residential and commercial setups to boost South Africa construction chemicals market size through 2020
According to a TechSci Research report "South Africa Construction Chemicals Market By Type, By End User, Competition Forecast and Opportunities, 2010 - 2020", construction chemicals market size in South Africa is projected to grow at a CAGR of over 6% during 2015-2020, on account of increasing urbanization, rising demand for modern and affordable housing facilities, growing investments on non-residential buildings, increasing spending on construction activities and infrastructure projects such as airports, educational institutes, hospitals, tunnels, dams, highways, bridges, railway networks and power plants in different regions across the country.
In the coming years, South Africa construction chemicals market is projected to be driven by upcoming infrastructure projects in Gauteng, Western Cape and KwaZulu-Natal. In 2014, Gauteng province was the largest regional market for construction chemicals in South Africa and the region is anticipated to continue its dominance in the market through 2020. Concrete construction chemicals accounted for the largest share in South Africa construction chemicals market, due to their use in new building construction, and repair and rehabilitation of existing structures. Few of the prominent construction chemicals manufacturers operating in the country include Sika, BASF, Chryso, Technical Finishes and StonCor.
"Rising demand for flooring chemicals in South Africa can be attributed to growing commercial activities in the country. Specific flooring requirements of various commercial sector establishments is projected to drive demand for different types of floorings in the country in the coming years. Apart from the rising demand for flooring chemicals from the commercial sector, changing flooring preferences is driving demand for these chemicals from the country's residential sector. Residential and commercial sectors are opting for epoxy flooring chemicals over conventional cementitious flooring systems, due to various structural and functional benefits associated with these floorings." said Mr. Rishi Srivastava, Consultant with TechSci Research, a research based global management consulting firm.
"South Africa Construction Chemicals Market By Type, By End User, Competition Forecast and Opportunities, 2010 - 2020'’ has analysed the potential of construction chemicals market and provides statistics and information on market size, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the South Africa construction chemicals market.
About TechSci Research
TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.
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