Construction Chemicals Market

Global Construction Chemicals Market: Overview

The demand within the global constructions chemicals market has been rising on account of the revolutionary developments in the constructions industry. It is evident that the entire world is struck by a wave of better and advanced constructions in the residential, industrial, and commercial sectors. This skyrocketing progress in the way architects, builders, and real-estate specialists look at the constructions industry is a trend that is projected to sustain for a long while. Construction chemicals offer an extra layer of protection of houses and buildings, thus, protecting them from the attacks of adverse climatic elements. This factor has come to play an integral role in the growth of the global market for constructions chemicals and is expected to reap in commendable revenues over the forthcoming years. Furthermore, constructions chemicals are also believed to add to the aesthetics of buildings which is another key standpoint in the growth of the global market. Investments in the constructions industry have been rising by leaps and bounds which has given an impetus to the growth of several subsidiary industries. As constructions chemicals become an important raw material used in the construction process, the demand for these chemicals is prognosticated to touch new heights.

The global construction chemicals market is expected to expand at a stellar CAGR over the period between 2014 and 2020. Transparency Market Research (TMR) predicts that the net worth of the global market for constructions would come to US$37.68 bn by 2020-end. These projections and estimations are in line with the contemporary day growth trends and investments pertaining to the global market for construction chemicals.

Asphalt Additives to Attract Commendable Demand

On the basis of the type of product, the demand for asphalt additives has been soaring new heights due to use of these additives in multiple construction activities. Some of the key areas wherein asphalt additives come in handy are construction of roads, parking alleys, footpaths, and pavements amongst others. Furthermore, the economic benefits of using asphalt additives that fortify the structure with advanced protection layers have also played a pivotal role in the growth of the global market. Sealants and adhesives have also been attracting great demand from several industrial longitudes, majorly due to the need for better and advanced clipping of construction materials. The demand for protective coatings has witnessed an unprecedented rise in recent times on account of the promotion of benefits served by these layers.

China to Emerge as Key Regional Segment

The tremendous demand within the global construction chemicals market is a cumulative result of the advancements that have offset in several regional pockets. China has especially been at the forefront of growth within the global construction chemicals market, majorly due to key government investments in public infrastructure. It is worthwhile to mention that BRICS nations including Brazil, Russia, India, China, and South Africa have been tracing a path of economic growth and development. Due to this reason, the demand for construction chemicals in these countries has been touching new heights in recent times.

Some of the key players in the global construction chemicals market are W.R. Grace, BASF SE, Sika AG, RPM International Inc., and The Dow Chemical Company.