OCEAN VIEW, Del., Sept. 25, 2017 /PRNewswire-iReach/ --
Construction chemicals market has been segmented into five
principal product categories including concrete admixtures,
protective coatings, asphalt modifiers, adhesives, and sealants.
Construction sector is surging at a rapid pace across BRICS
nations, making vital contributions towards Construction Chemicals
Market revenue. Thriving APAC construction industry will positively
influence the business with China
displaying strong growth trends. High preference for weather
resistant and earthquake resistant buildings will provide
construction chemicals industry players with new opportunities for
exploring untapped markets.
Escalated government focus on improving the infrastructure and
constructing eco-friendly houses will stimulate construction
chemicals industry growth. As per the European commission,
buildings consume nearly 40% of overall energy and account for over
30% of total carbon dioxide emissions. Ability of construction
chemicals to reduce the GHG emissions will result in high market
demand. According to Global Market Insights reports, "Construction
Chemicals Industry size is slated to reach USD 50 billion by 2024."
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Rapidly escalating infrastructure spending across BRICS
countries will be an important factor that will catalyze the global
construction chemicals market in the coming years. China construction industry was valued at
USD 1.7 trillion for 2015 with
extremely strong growth prospects. Other countries of the region
with high growth prospects include India and Japan with more than USD 1 billion collective revenue. Growing
population and government initiatives to provide low cost homes and
develop infrastructure will further augment the construction
chemicals market in next eight years.
According to the European Commission, buildings account for up
to 40% of the total energy consumption and produce more than 33% of
the overall greenhouse emissions in the region. The product ability
to enhance the natural properties of the construction materials
while reducing the overall carbon footprint provides them a
competitive advantage. With various state and central level
governments focusing on environment friendly, safer, and "greener"
buildings, the construction chemicals market will witness a notable
progress in the coming years. Protective coatings demand in
commercial as well as residential complexes, in order to add fire
resistant features to the building will grow significantly owing to
increasing safety awareness.
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Asia Pacific construction
chemicals industry is expected to record a CAGR of 9% over the
period from 2016 to 2024, having collected a revenue of
USD 14 billion in 2015. China construction sector, estimated at
USD 1.7 trillion in 2015, is expected
to boost the regional growth. India and Japan are the few of the other countries of
APAC, which are expected to make significant contributions towards
the regional revenue, having attained a collective revenue of over
USD 1 billion in 2015.
Europe construction chemicals
market, estimated at USD 4.5 billion
in 2015, is expected to grow at an annual rate of 8% during the
next seven years. Large-scale use of protective coatings in
residential & commercial constructions to build fire resistance
will add to the revenue. Mounting need for renovating heritage
buildings will boost the demand for sealants and adhesives.Browse
key industry
Arkema, Pidlite Industries Limited, Ashland Incorporation, BASF
SE, Evonik Industries, The DOW Chemical Company, Sika AG, Huntsman
Corporation, The Tremco Group, Mapei, W. R.
Grace & Company, RPM International Incorporation, Henkel
AG & Company KGaA, Fosroc, The 3M Company, AkzoNobel Chemicals,
Knopp GmbH, and Albemarle Corporation are the major participants of
construction chemicals industry.
Browse key industry insights spread across 160 pages with 262
market data tables & 11 figures & charts from the report,
"Construction Chemicals Market Forecast, 2016 – 2024" in
detail along with the table of contents:
https://www.gminsights.com/industry-analysis/construction-chemicals-market
Browse Related Reports:
Specialty Chemicals Market Forecast, 2016 – 2024
Specialty Chemicals Market size was valued over USD 830 billion in 2015 and is forecast to
experience gains exceeding 4% CAGR by 2024. Global population was
roughly 6.89 billion in 2010 and reached more than 7 billion in
2015. On the other hand, the global arable land area was around
1.37 billion in 2010 and surpasses hectares to 1.42 billion
hectares in 2015. Which indicates that the global population
inclined by 4.9% and the global arable land witnessed 3.4% growth
during the period.
https://www.gminsights.com/industry-analysis/specialty-chemicals-market
Concrete Admixtures Market Forecast, 2017– 2024
Concrete Admixtures Market size demand is mainly driven by
growing infrastructure requirements in emerging economies, shifting
customer's preferences and improving economics of construction.
Rise in middle class population coupled with increasing
urbanization has led to the demand for commercial property and new
residential houses & buildings, thereby positively impacting
the concrete admixtures market.
https://www.gminsights.com/industry-analysis/concrete-admixtures-market
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