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Construction Chemicals Market Analysis, Size, Share, Growth, Industry Trends and Forecast to 2024 - Hexa Research

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The global construction chemicals market size is expected to grow significantly over the next seven years on account of its growing requirement from various sectors including construction & infrastructure. Rising demand in the Asia Pacific for infra
Hexa Research
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Construction Chemicals Market Analysis, Size, Share, Growth,
Industry Trends and Forecast to 2024 - Hexa Research
The global construction chemicals market is likely to attain USD 67.61 billion by 2024. It
is projected to observe significant gains over the forecast period (2016-2024). The
market is driven by rising demand from several end-use industries comprising residential
and non-residential & infrastructure. Brisk move towards urbanization along with
escalating focus of infrastructure growth in promising economies will stimulate the
demand further.
The worldwide construction chemicals market can be segmented by products, end-users,
and regions. Products are concrete admixtures, concrete sealants, concrete adhesives,
and protective coatings. Concrete admixtures segment contributed for above 64.7% of
the total market volume shares in 2015.
They are extensively used in concrete to improve its physical and chemical properties
and are utilized in all types of constructions for instance non-buildings, residential, and
non-residential infrastructure. Construction chemicals develop the power of the building
structure. It provides superior durability, chemical resistance, and noticeably lowers the
water and cement necessity.
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Hexa Research
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End-users in the market encompass residential and non-residential & infrastructure. Nonresidential & infrastructure sector accounted more than 60% l revenue shares in 2015. In
this sector, construction chemicals find usage in manufacturing and industrial buildings,
composition of warehouses, hotels and retail, and office spaces.
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Main regional segments in the global construction chemicals market are Asia Pacific,
North America Europe, Latin America, and the Middle East & Africa (MEA). Asia Pacific
was the leading market for construction chemicals in 2015. It was valued close to 45% in
terms of value in the same year. India and China are the chief countries in this region
accounting for above 50% of the total revenue.
The worldwide construction industry is gradually recovering post the decline in 2008 and
2009. Several European construction companies achieved substantial shares in 2015.
The expansion of the construction chemicals industry is directly linked with the
intensification of construction market at the global scale.
Market participants are mounting their customer base through strategies counting
exhibitions and new product launches. U.S. based Dow Chemical Company is a key
participant in this market. The company manufactures an extensive variety of adhesive
and sealant products. Other top most players in the market include FOSROC Chemicals
India Private Limited, BASF SE, Pidilite Industries Limited, Dow Chemical Company,
W.R. Grace & Company, and Sika AG.
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Hexa Research is a market research and consulting organization, offering industry reports,
custom research and consulting services to a host of key industries across the globe. We
offer comprehensive business intelligence in the form of industry reports which help our
clients obtain clarity about their business environment and enable them to undertake
strategic growth initiatives.
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Email : [email protected]
Website: http://www.hexaresearch.com/
Hexa Research
Fact-based market research, penetrating industry insights and validated
forecasts to help you make better decisions for a stronger future
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