Construction Chemicals Market Revenue Growth Defined by Heightened Product Innovation by 2022

Construction Chemicals Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $40,154 million by 2022, registering a CAGR of 5.6% during the period 2016 2022.The concrete admixtures segment leads the construction chemicals market with more than one-third of the market share during the forecast period.

Construction chemicals are chemical compounds that optimize the performance of concrete and increase the life of end products. These additions provide further value for end users by reducing labor cost and minimizing wastage. The key elements that drive the construction chemicals market growth include rise in construction industry, increase in urbanization, and growth in conformity with latest manufacturing standards. However, change in regulatory environment and low consumer awareness inhibit the market growth.

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Concrete admixtures and water proofing & roofing chemical segments together dominated the construction chemicals market in 2015, accounting around two-thirds of the market share collectively. Concrete admixtures segment is expected to grow with a high CAGR of 9.9%, in volume terms, owing to the increased compressive strength and enhanced workability, so as to provide higher moving and positioning time. Residential and infrastructure end-user segments collectively accounted for three-fifths of the market share, in terms of volume, in 2015. Infrastructure segment is estimated to grow at the fastest rate with a CAGR of 7.7% during the forecast period.

The Asia-Pacific and LAMEA construction chemicals market is expected to offer lucrative growth opportunities, during the forecast period, with CAGRs of 5.8% and 6.1%, respectively. This is due to increase in economic development, expansion in the construction industry, and rise in the need for better infrastructure. The key players profiled in the world construction chemicals market include BASF SE, Arkema SA, Ashland Inc., Fosroc International Limited, Mapie S.p.A, Pidilite Industries, RPM International Inc., Sika AG, The Dow Chemical Company, and W.R. Grace & Company.

Top Winning Strategies

The key players in the world construction chemicals market are adopting different key business strategies such as acquisition, expansion, and product launch to withstand in the global competitive market. The market players profiled in this report are construction chemical manufacturers and solution providers who serve the product globally to several end-user industries. The data pertaining to market players and their strategic moves are gathered through press releases of respective companies, various blogs, available on the website and primary calls made to the experts in the industry.

Acquisition and expansion are the leading strategies adopted by the key players in this market in order to widen their geographical reach. Acquisition covers 41% share out of the total number of strategies adopted during 2011-2016. RPM International Inc. and Sika AG are the leading companies, which have adopted acquisition as their key business strategy.

• The report provides quantitative analysis of current market and estimations through 2014-2022 that assists in identifying the prevailing market opportunities. The projections in the report are based on the current market trends and future market potential.
• Comprehensive analysis of geographic regions helps in determining the prevailing opportunities in these regions. SWOT analysis highlights the strength and opportunities of leading companies operating in the market. Exhaustive analysis of the world construction chemicals market by type helps in understanding the varieties of chemicals that are currently being used and that would gain prominence in the future. Key market players within the construction chemicals market are profiled in the report and their strategies are analyzed thoroughly, which help in understanding the competitive outlook of the world construction chemicals market.