DUBLIN, Nov. 11, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/zzn6c3/construction) has announced the addition of the "Construction Chemicals Market by Type (Concrete Admixture, Construction Adhesive, Construction Sealant, and Flame Retardant) - Global Forecast to 2020" report to their offering.
The construction chemicals market is estimated to reach USD 33.98 Billion in terms of volume by 2020, signifying a high CAGR of over 7.62% between 2015 and 2020.
The construction chemicals market registered a high growth in the past few years which is estimated to continue in the coming years supported by growing construction industry in Asia-pacific and RoW regions. The demand for construction chemicals depends on new construction and its maintenance and repair activities. The demand for these chemicals is mainly driven by growing requirements for housing and infrastructure. It is also influenced by consumer awareness, need for durable and aesthetic civil structure, and other benefits achieved in making construction structure more economical for contractors and other interest holders.
The demand for construction chemicals depends upon concrete consumption and extent of construction development activities occurring in a particular region. As per the trends in the construction sector, slow growth is expected in European and North American regions, whereas promising growth is expected in developing regions of the world in the construction chemicals market due to stable economic conditions and increasing demand for residential units and infrastructure development activities.
Currently, the Asia-Pacific region is the largest market of construction chemicals and is estimated to register the highest CAGR. Countries such as China, Japan, and India are expected to lead the Asia-Pacific construction chemicals market, with China accounting for the largest share in the regional demand of construction chemicals. The market size, in terms of volume, of construction chemicals is comparatively low in the RoW region, but the estimated growth of the region is the second highest after Asia-Pacific.
The Asia-Pacific and RoW regions are the most active markets in terms of strategic initiatives, owing to their market demands. The construction industry has led the rapid growth in the construction chemicals market.
The significant construction chemicals manufacturers include BASF SE (Germany), W.R. Grace (U.S.), RPM International (U.S.), Sika A.G. (Switzerland), Fosroc International (U.K.), The Dow Chemical Company (U.S.), Arkema S.A. (France), Ashland Inc. (U.S.), Mapei S.p.A (Italy), Pidilite Industries (India), and other local players.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Construction Chemicals Market, By Type
8 Construction Chemicals Market, By Region
9 Competitive Landscape
10 Company Profiles
- Arkema S.A. - Ashland Inc. - BASF SE - Fosroc International Ltd. - Mapei S.P.A. - Pidilite Industries - RPM International Inc. - Sika Ag - The Dow Chemical Company - W.R. Grace & Company.
For more information visit http://www.researchandmarkets.com/research/zzn6c3/construction
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets