Zion Market Research, the market research group announced the analysis report titled ‘Construction Chemicals Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024′
Global Construction Chemicals Market: Overview
Construction chemicals are used to hold construction material together. They are blended with concrete, cement, or other construction material. These chemicals are blended with proper quantities along with construction materials in order to fulfill the aesthetic, design, and functional requirements of civil structures. Construction chemicals play a vital role in chemical industries for the overall development of the infrastructure activities. Construction chemicals are used to build structures to enhance their life and provide additional protection from the environmental hazards. These chemicals reduce the cement and water quantities usually needed during the construction. These chemical are broadly used in the infrastructural, residential, commercial, and industrial projects.
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Global Construction Chemicals Market: Growth Factors
Increasing population and economic stability in many countries influenced people for commercial, public, and residential building; this is expected to boost the global construction chemicals market. In addition, rising urban population is anticipated to foster the global market in future. Rising disposable income encouraging people to invest more for better residential structures may drive the global construction chemical market growth. Growing demand for dams, buildings, tunnels, bridges, and roads for the improvement of infrastructure facilities across the world further drives the global market.
Global Construction Chemicals Market: Segmentation
The global construction chemicals market is classified on the basis of types as the flame retardant, construction adhesive, concrete admixture, and construction sealant. Based on applications, the global market is fragmented as the residential, commercial, and public building. Of these, residential building is the leading segment in the global market. This is expected to maintain its dominance in the market owing to increasing number of residential projects.
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Global Construction Chemicals Market: Regional Analysis
The global construction chemicals market is fragmented based on geography as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia Pacific is the leading player in the global market for construction chemical products. This trend is followed by Europe and North America, as they possess large customer base for infrastructure activities. China is the dominating region for construction chemicals globally owing to higher production for construction chemical and is expected to maintain its dominance in coming future. In addition, growth in commercial and residential buildings with advanced structure is fostering the global construction chemicals market growth in the coming years. Rising interest of people in developed constructions in developing countries such as Brazil, Australia, Russia, and India further boosts the global market growth.
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Global Construction Chemicals Market: Competitive Players
Major players in the global construction chemicals market are BASF SE, Mapei S.p.A, Arkem S.A., The Dow Chemical Company, Fosroc International, and Ashland Inc. Other players include W.R. Grace, Pidilite Industries, RPM International, and Sika A.G.
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