DUBLIN--(BUSINESS WIRE)--The "Construction
Chemicals Market - Segmented by Product Type, End-user Industry, and
Geography - Growth, Trends and Forecasts (2018 - 2023)" report
has been added to ResearchAndMarkets.com's offering.
The global construction chemicals market is expected to be valued at USD
43,873.68 million in 2018 and is anticipated to reach USD 59,350.07
million by 2023, at an estimated CAGR of 6.23% over the forecast period
2018-2023.
Increasing demand from construction in various countries of Asia-Pacific
is driving the demand for construction chemicals market. However,
shortage of skilled labor across the industry is set to stunt the growth
of the market during the forecast period.
Increasing Construction Activities in Asia-Pacific
Rapid increase in population in regions of China and India is expected
to give a rise in construction activity. The key areas of expected
growth are social infrastructure, schools, hospitals, government
accommodation, water, defense infrastructure, and water resources.
In Asia, infrastructure accounted for 37%, residential for 34% and
non-residential for 29% share of the construction spending. Singapore
has mandated elements of prefabricated, pre-finished, and volumetric
construction (PPVC) for all projects on government land.
The government backs this with subsidies for companies that participate
with the aim of increasing and standardizing modern methods of
construction (MMC) in the country. All such factors are increasing the
demand for construction chemicals in the Asia-pacific region.
Concrete Admixture - A Huge Market Potential
Concrete admixtures reduce concrete construction cost by modifying the
properties of hardened concrete, thereby ensuring better quality during
mixing, transporting, placing, and curing. This allows users to overcome
emergencies during concrete operations.
Asia-Pacific has the largest market for concrete admixture, owing to the
massive growth in construction in India, China, and various Southeast
Asian countries.
Various incentives by the governments of the respective countries to
promote the infrastructure sector, coupled with the booming residential
sector (owing to the burgeoning middle-class population), have largely
facilitated the growth of the construction sector in Asia-Pacific over
recent years. Sika AG opened a new concrete admixture production plant
in 2017 in Addis Ababa, Ethiopia, and a motor factory near Athens,
Greece.
Market Dynamics Drivers
-
Increasing Construction Activities in Asia-Pacific
-
Other Drivers
Restraints
-
Sluggish Economic Growth in the European Construction Sector
-
Lack of Skilled Labor
Opportunities
-
Removal of Trade Barriers among ASEAN Countries
-
Increasing Investments in Canada's Residential Sector
-
Increasing Investments in Mexico's Construction Sector
Key Topics Covered
1. Introduction
2. Executive Summary
3. Construction Chemicals Market Insights
4. Construction Chemicals Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Construction Chemicals Market Future
8. Competitive Landscape
9. Company Profiles
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3M Company
-
Adco
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Albemarle Corporation
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Arkema SA
-
Ashland Inc.
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BASF SE
-
Bolton Group
-
Cemetaid (N.S.W.) Pty. Ltd.
-
CHRYSO
-
CICO Technologies Ltd.
-
CONMIX Ltd.
-
DowDuPont
-
Fosroc
-
Franklin International
-
Henkel AG & Company, KGaA
-
Lafarge
-
Mapei, Inc.
-
MUHU Construction Materials Co. Ltd.
-
Pidilite Industries
-
RPM International Inc.
-
Selena FM S.A.
-
Sika AG
-
Structural Waterproofing
-
W.R. Grace & Co.
-
Thermax Global
For more information about this report visit https://www.researchandmarkets.com/research/klkcd6/construction?w=4
