World Construction Chemicals Market to Post 7.9% CAGR through 2022, States Industry Experts in Its Report Available at MarketPublishers.com03 Jun 2016 • by Natalie Aster
LONDON – The world construction chemicals sector is forecast to be worth USD 21.4 billion in 2016 and estimated at USD 33.7 billion by the end of 2022, registering 7.9% CAGR over the projected period. The demand for the product has been surging at an above-average rate over years, with the trend likely to sustain leastwise on a mid-term horizon.
Amongst the major chemical types, concrete admixtures are most in demand; the demand for these chemicals is also seeing the fastest growth worldwide, projected to post 8.9% CAGR and reach USD 12.4 billion by 2022-end.
The developing nations of APAC, South America and the Middle East & Africa are the major construction markets that have been gaining traction and are set to keep on enjoying good momentum in the offing, which is due to result in a corresponding hike in construction chemicals consumption.
Current trends in the construction sector signals an enhanced use of ready-mix concrete and a greater popularity of sustainable and non-dangerous construction chemicals. Another trend that has been moving into top gear is the usage of carbon nanotubes (CNTs) in fire-resistant materials that are used in construction.
Topical report “Construction Chemicals – A Global Market Overview” elaborated by Industry Experts provides an in-depth overview, analysis and forecasts of the construction chemicals market on a global level and across the regions such as North America, APAC, Europe, and RoW. It further analyses the regional markets for 13 independent countries. The study presents detailed market segmentation on the basis of chemical type and end user across various regions. An insightful overview of key product and business trends in the marketplace is provided. The report examines the competitive landscape and profiles top 10 global players and 43 key players on a regional scale. The research study also uncovers global and regional market development prospects up to 2022.
Companies discussed include: Ardex GmbH, Arkema S.A., Ashland Inc., 3M COMPANY, DAP Products Inc., The Dow Chemical Company, E. I. Du Pont De Nemours & Company, BASF SE, SIKA AG, and Akzo Nobel N.V.
More studies by the publisher can be found at Industry Experts page.