Resurgence in Global Infrastructure and Construction Activity Drives Demand for Construction Chemicals, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) August 05, 2014 -- Follow us on LinkedIn - Demand for construction chemicals products moves in sync with economic growth, given the intricate correlation between GDP growth, level of construction activity, and growth of the industrial sector. Construction chemicals encompass a range of chemical formulations which are added in specific proportions for meeting architectural design, functionality and aesthetic requirements in residential, commercial, industrial, and infrastructure structures. Growth in the market is primarily driven by construction spending in developing economies to meet housing and non-residential needs of a burgeoning population. With the construction market in the United States and Europe on the rebound from the recessionary trough, the outlook for construction chemicals is positive. Growth in the market is also led by the growing demand for high performance chemicals that optimize workability, slump, setting time, efficiency and quantity of cement, thereby lowering construction costs.
A commoditized market, there exists very little incentive for product differentiation among major producers. In response to stringent energy conservation regulations, and growing consumer awareness over environment friendly solutions, construction chemicals manufacturers are developing eco-friendly, sustainable and non-hazardous specialty formulations. Consumption of sealants in the construction sector is being driven by the increasing trend towards green or smart homes. The global construction industry is moving up from conventional concrete to superior quality grade concrete ready-mix concrete, thereby creating new opportunities for manufacturers of admixtures, coatings, sealers, adhesives and cement additives. Protective Coatings & Sealers constitutes the largest segment, while Caulks & Adhesives ranks as the fastest-growing market over the analysis period. Non-Residential Construction constitutes the largest end-use market for construction chemicals, while Non-Building Construction segment is projected to record the fastest growth.
As stated by the new market research report on Construction Chemicals, Asia-Pacific, spearheaded by China and India, represents the largest regional market worldwide. The region also ranks as the fastest-growing market with a CAGR of 7.9% over the analysis period. Population-driven growth in domestic consumption, and rapid industrialization, are factors driving growth in the market. Construction activity in the United States, Europe and Japan is witnessing steady improvements supported by renovation of older or damaged structures, which in turn is driving demand for cement additives and other construction chemical compounds and formulations.
Major players covered in the report include Akzo Nobel Chemicals AG, Antas Chemical Co., Ltd., Ashland Inc., BASF SE, Bostik Inc., Franklin International Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, Mapei S.p.A., RPM International Inc., DAP Products Inc., Tremco Incorporated, Royal Adhesives and Sealants LLC, Selena FM S.A. Group, Sika AG, The Dow Chemical Company, and W. R. Grace & Co.
The research report titled “Construction Chemicals: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, challenges, and strategic corporate activities of major companies worldwide. The research report provides market estimates and projections in dollars for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America), and Rest of World. Product segments analyzed include Protective Coatings & Sealers, Caulks & Adhesives, Cement & Asphalt Additives, Grouts & Mortars, and Polymer Flooring & Others. End-Use Sectors covered include Residential Construction, Non-Residential Construction, and Non-Building Construction.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Construction_Chemicals_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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