Construction Chemical Additives - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Construction Chemical Additives Market is accounted for $10,155.5 million in 2019 and is expected to reach $27,382.5 million by 2027 growing at a CAGR of 13.2% during the forecast period. Rise in investment in the construction sector and increase in expenditure on the development of tunnels, roads, and bridges in developing nations are the major factors propelling the market growth. However, rise in emission of toxic chemicals and availability of alternatives for construction chemical additives are hampering the market growth.
Construction chemical additives are a type of specialty chemicals added to construction chemicals to get better the toughness of the building. These additives are chemical formulations, which are added into the cement to make the concrete strong and more efficient for building construction. This change in the product they can resist harsh climate conditions, thus giving climb to better and stronger building structures. Some construction chemical additives are used to reduce the amount of cement and water used in construction.
Based on the application, the infrastructure segment is likely to have a huge demand due to a surge in population and urbanization that drives the requirement for sustainable communications and environmentally friendly products. Chemical products such as concrete admixtures help in minimizing the quantities of cement and water required during the construction project.
By geography, Asia Pacific is estimated to have a lucrative growth due to the rapidly growing construction market. Urbanisation and high standards of living are also responsible for this growth. India and China are the drivers of this region. It holds a major share in this market.
Some of the key players profiled in the Construction Chemical Additives Market include Afton Chemical, AkzoNobel, Ardex, Arkema, BASF, Chevron Oronite, Clariant, Dow Chemical Company, Evonik Industries, Mapei South Africa, RPM International, Sika, Sinopec, Total and W.R Grace &Co.
• Repair Work
• New Construction
• Concrete Admixtures
• Leveling Agents
• Hydroxypropyl Methylcellulose (HPMC)
• Carboxymethyl Cellulose (CMC)
• Hydroxyethyl Methyl Cellulose (HEMC)
• Water Proofing Agents
Sales Channels Covered:
• Manufacturer/Distributor/Service Provider
• Nonresidential Building
• Residential Building
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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