According to the latest market research study released by Technavio, the global construction chemicals market is expected to grow at a CAGR of close to 6% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global construction chemicals market based on product type:
Global construction chemicals market share by product type 2015
|
Protective Coatings |
37.00% |
|
Adhesives and Sealants |
28.02% |
|
Concrete Admixtures |
24.99% |
|
Asphalt Additives |
5.95% |
|
Flame Retardants |
4.05% |
Source: Technavio
The top three revenue contributing product segments are discussed below:
Global construction chemicals market for protective coatings
The global construction chemicals market for protective coatings was valued at almost $16 billion in 2015 and is expected to post a CAGR of over 5% by 2020. Protective coatings are primarily used for coating commercial and residential buildings. These coatings are used for various protection elements that include moisture, UV radiation, and microbes. These chemicals are layered as protective systems, and the layers are systematically applied. These systems can be a single coat or can be a combination of multiple layers of same or different generic types. These layers form a coating system consisting of one or more coats applied in a predetermined order by prescribed methods, and these methods involve surface preparation and quality control requirements. Protective coatings are used to protect structures from chemical inertness, endures to harsh environmental condition, provide corrosion resistance, and enhances the ability to retard fire and UV beam.
“The increasing number of environmental regulations and stringent regulations is encouraging vendors to use waterborne coatings. Some of the most common protective coatings used in the infrastructure sector are paints, primers, lacquers, varnishes, and stains. These chemicals are retardants to fire and other agents that deteriorate the structure. The structures are mainly bridges, commercial and residential buildings, sporting arenas, high rises, and transportation hubs,” says Ajay Adhikhari, a lead analyst at Technavio for research on specialty chemicals.
Global construction chemicals market for adhesives and sealants
The global construction chemicals market for adhesives and sealants was valued at almost $12 billion in 2015 and is expected to post a CAGR of more than 5% by 2020. Adhesives are incorporated materials that include glue, cement, mucilage, and others. These also include polymers that help in hardening because of chemical or physical reaction. Sealants are pliable and soft materials that change their state as soon as they are applied, and it is used where noise, air, liquid, and dust must be prevented. The versatility of adhesives and sealants makes these great bonding agents for the construction sector. These chemicals offer product durability and reliability, increased product performance, design flexibility, and enhanced product aesthetics.
Global construction chemicals market for concrete admixtures
The global construction chemicals market for concrete admixtures was valued at close to $11 billion in 2015 and is expected to post a CAGR of almost 6% by 2020. Concrete admixtures provide better mixing of materials required in the concrete production from cement. The different types of concrete admixtures available are hyper-plasticizers, plasticizers, superplasticizers, retarders, air entrainments, accelerators, and corrosion inhibitors. These chemicals prevent fungal and bacterial growth on concrete walls and buildings and are available in the form of powders and fluids. Admixtures have benefits that include help in avoiding cracks and provide a smoother evenly finished surface.
The top leading vendors operating in the global construction chemicals market are:
- BASF
- Mapei
- RPM
- Sika
- W. R. Grace & Co.
Other prominent vendors in the market include 3M, Adcon, Albemarle, Arkema, Ashland, Dow Chemicals, Fosroc, Pidilite, Selena, Terraco, and Tremco.
A more detailed analysis is available in the Technavio report titled, ‘Global Construction Chemicals Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Performance Chemicals Market 2016-2020
- Global Flame Retardants Chemicals Market 2016-2020
- Global Construction Paints and Coatings Market 2016-2020
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