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Construction Chemicals Market in Europe: What Is the Major Product Segment to Drive Market Growth?

Author : Ronak Bora | Published Date : 2019-08-09 

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.

Asia Pacific construction chemicals market 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.

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Concrete admixtures, sealants, protective coatings, adhesives, and asphalt modifiers are the key products of construction chemicals industry. Concrete admixtures, which made major contributions to the overall revenue in 2015, is expected to occupy a significant chunk of construction chemicals market share in future. Its ability to enhance cement quality and high resistance property have made it more popular in commercial and residential projects. Adhesives and sealants worth USD 2.5 billion and USD 1.5 billion in 2015, are predicted to make notable contributions towards the construction chemicals industry revenue over the coming seven years.

Rising demand for the maintenance work of existing buildings is driving the sealants and adhesives market highly. Repairs and modifications done over existing constructions as per the trends in the industry are likely to, in turn boost the construction chemicals market.

Based on the product categories, the construction chemicals market has been segmented into asphalt modifiers, protective coatings, concrete admixtures, adhesives and sealants. Asphalt modifiers finds its extensive use in the construction of roads and highways and is likely to grow with over 9% CAGR in the forecast period.

Prominent construction chemicals market players consist of multinationals such as BASF SE, Tata Chemicals, Huntsman Corporation, Albemarle, Gujarat Alkalies And Chemicals, Henkel AG, 3M Company, Evonik Industries, Ashland, Fosroc, MAPEI, Knopp GmbH, Pidlite Industries, Tremco Group, AkzoNobel Chemicals, Dow Chemical, Arkema, Sika Group and W. R. Grace & Company to name a few.

 

Glimpse of Table of Content (ToC)

Chapter 3. Construction Chemicals Market Insights

3.1. construction chemicals market segmentation

3.2. construction chemicals market size and forecast, 2013 - 2024

3.3. construction chemicals market ecosystem analysis

3.3.1. Vendor matrix

3.3.2. Distributor channel analysis

3.4. Industry impact forces

3.4.1. Growth drivers

3.4.1.1. Booming construction industry in BRICS nations

3.4.1.2. Positive environmental impact and rising government initiatives

3.4.2. Industry pitfalls & challenges

3.4.2.1. Mature construction industry in developed nations

3.4.2.2. Lack of awareness in the emerging nations

3.5. Growth potential analysis

3.6. Regulatory trends

3.6.1. U.S.

3.6.2. Europe

3.6.3. China

3.7. Porter’s analysis

3.8. Company market share analysis, 2015

3.8.1. Strategic landscape

3.9. PESTEL analysis

3.10. Regional price trends

3.10.1. Cost structure analysis

3.10.2. Raw material trends

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/construction-chemicals-market

 

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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