Construction Chemicals Market Size to be valued $50bn by 2024

Asia Pacific construction chemicals market held a major chunk of share and is likely to grow with a CAGR of over 9% during the forecast period owing to urbanization and heavy industrialization in the developing countries such as India, China and Japan.

Selbyville, Delaware, USA – May 22, 2019 /MarketersMedia/ —

Based on the product categories, the construction chemicals market has been segmented into asphalt modifiers, protective coatings, concrete admixtures, adhesives and sealants. Asphalt modifiers finds its extensive use in the construction of roads and highways and is likely to grow with over 9% CAGR in the forecast period.

Concrete admixtures are further classified into chemical and mineral admixtures. Mineral concrete admixtures include silica fumes, granulated glass furnace slag, fly ash and rice husk ash. Chemical admixtures comprise of waterproofing admixtures, retarding agents, air-entraining agents, superplasticizers, accelerating agents and normal plasticizers. The segment accounted for over 50% of the construction chemicals market size and is expected to gain significantly in the coming years.

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Rising demand for the maintenance work of existing buildings is driving the sealants and adhesives market highly. Repairs and modifications done over existing constructions as per the trends in the industry are likely to, in turn boost the construction chemicals industry.

Asia Pacific held a major chunk of share in the global construction chemicals market owing to urbanization and heavy industrialization in the developing countries such as India, China and Japan. The region is likely to grow with a CAGR of over 9% during the forecast period and registered a revenue exceeding USD 14 billion. Rising population in the developing economies such as India, China Japan, Vietnam, Malaysia, Indonesia and others are boosting the regional market to new heights.

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The construction chemicals market size in North America generated over 3.5 billion in 2015 and will comparatively grow at a slower rate as compared to Europe and Asia Pacific owing to developed infrastructure and construction industry.

Prominent construction chemicals market players consist of multinationals such as BASF SE, Tata Chemicals, Huntsman Corporation, Albemarle, Gujarat Alkalies And Chemicals, Henkel AG, 3M Company, Evonik Industries, Ashland, Fosroc, MAPEI, Knopp GmbH, Pidlite Industries, Tremco Group, AkzoNobel Chemicals, Dow Chemical, Arkema, Sika Group and W. R. Grace & Company to name a few.

Browse key industry insights spread across 160 pages with 262 market data tables & 11 figures & charts from the report, “Construction Chemicals Market Size By Product (Asphalt Modifiers, Concrete Admixture [Chemicals {Superplasticizers, Normal Plasticizers, Accelerating Agents, Retarding Agents, Air-Entraining Agents, Waterproofing Admixtures}, Minerals {Rice Husk Ash, Fly Ash, Granulated Blast Furnace Slag, Silica Fume}], Adhesives, Sealants, Protective Coatings), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/construction-chemicals-market

Table of Contents (ToC) of the report:
Chapter 3. Construction Chemicals Market Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.1.1. Booming construction industry in BRICS nations
3.4.1.2. Positive environmental impact and rising government initiatives
3.4.2. Industry pitfalls & challenges
3.4.2.1. Mature construction industry in developed nations
3.4.2.2. Lack of awareness in the emerging nations
3.5. Growth potential analysis
3.6. Regulatory trends
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Porter’s analysis
3.8. Company market share analysis, 2015
3.8.1. Strategic landscape
3.9. PESTEL analysis
3.10. Regional price trends
3.10.1. Cost structure analysis
3.10.2. Raw material trends
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/construction-chemicals-market

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