+1-888-308-5802     
News Contact Us

Growing demand for concrete admixtures to outline construction chemicals market size

Author : Ravi Chawat | Published Date : 2020-09-08 

The infrastructure sector is witnessing unprecedented growth across BRICS nations, positively influencing global construction chemicals market forecast. Rise in disposable income among people across APAC nations along with increased FDI will steer the product demand in the region. The governments in countries like China, India, Japan, and Singapore are heavily investing in the construction of modern, efficient and eco-friendly buildings which help in reducing the level of carbon dioxide.

In 2015, construction sector in China was estimated at USD 1.7 trillion and is expected to showcase robust growth patterns over forecasted timeframe. The need for weather and earthquake resistant buildings in APAC along with initiatives undertaken by the governments to provide affordable homes will provide construction chemicals market players with novel opportunities to explore untapped markets. Asia Pacific construction chemicals market accumulated revenue of more than USD 14 billion in the year 2015 and will register notable CAGR of over 9% in the coming years.

Construction chemical products are segmented into concrete admixtures, asphalt modifiers, minerals, protective coatings, adhesives, and sealants. With an aim to increase global tourism, many historical buildings are undergoing restoration activities. Construction adhesives and sealants are widely being used globally to facilitate the same. Construction adhesive and sealants play an important role in the prevention of corrosion, removal of unevenness on material surfaces and enhanced surface tolerance.

The industry is highly competitive with market players primarily depending on strategic alliances, technologic innovations, and joint ventures to enhance their production capabilities and retain their market positions. Key construction chemicals companies operating in the industry include BASF SE, RPM International, 3M Company, AkzoNobel Chemicals, Tata Chemicals, Huntsman Corporation, and Henkel AG, among several others.

Request for sample: 

https://www.gminsights.com/request-sample/detail/348

Rise in carbon dioxide levels across the globe is posing serious health and environmental threat. Stringent policies are being adopted by governments and internationally recognized organizations to spread awareness regarding the use of sustainable alternatives and their possible benefits. As per the European Commission, buildings are responsible for nearly 40% of the total consumption of energy and generate over 33% of the total greenhouse emission across the region.

Construction chemicals carry the ability to improve the natural characteristics of construction materials along with reducing the total carbon footprint level. The properties of the products that help in controlling environmental depletion will supplement their demand in the near future. Increasing incidences of fire in buildings leading to loss of life and property are bolstering the use of protective coatings in buildings.

These coatings help in providing protection from fire, prevent discoloration, resist salt and UV damage and prevent rotting. Increasing awareness among people regarding the need to ensure safety in both residential and commercial complexes will support the need for protective coatings. In the year 2015, concrete admixtures made key contributions to the overall market revenue accounting for more than 50% of the total construction chemicals industry size. The products find extreme usage in residential and commercial buildings as well as other concrete structures such as flyovers, bridges, roads, etc.

The materials carry the ability to improve the quality of the cement and carry superior resistance property making them a viable option for use in residential and commercial infrastructures. Admixtures can furthermore be segmented into mineral and chemical concrete admixtures. Chemical concrete admixtures include normal plasticizers, superplasticizers, air-entraining agents, retarding agents and accelerating agents.

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

Related News

Lithopone Market to exceed $235mn by 2025

Published Date: 2020-09-24         Author: Ravi Chawat

The lithopone market is predicted to hike from USD 175 million in 2018 to around USD 235 million by 2025, according to a 2019 Global Market Insights, Inc. report. Growing construction activities owing to increasing urbanization will propel paints and coatings demand which will further increase ... Read More

Lithopone Market growth fueled by expanding rubber applications over 2020-2025 | By key players Venator Materials PLC, American Elements

Published Date: 2020-09-24         Author: Ravi Chawat

Continuous demand for light weight plastics in fuel-efficient vehicles is significantly driving the lithopone market value worldwide. Lithopone is extensively used as a filler in leather products, linoleum flooring, paper and pulp applications, and various sealing consignments owing to its opacity a... Read More

Erdosteine Market to exceed $150mn by 2025: Global Market Insights, Inc.

Published Date: 2020-09-24         Author: Ravi Chawat

The erdosteine market is poised to rise from USD 90 million in 2018 to around USD 150 million by 2025, according to a 2019 Global Market Insights, Inc. report. Increasing demand for mucus regulating medicines owing to rise in air contaminants such as toxic gases, pollen, dust, organic material, emis... Read More

© 2020 Fractovia. All Rights Reserved