Construction chemical additives can be described as chemical formulations which have been designed to enhance the foundational properties of residential and non-residential buildings. As the focus of the construction industry increasingly turns towards sustainable and eco-friendly products, companies are hoping that the latest advances in chemical products like concrete additives or cement additives will help them achieve their goals. Building construction materials are enhanced in variety of ways when mixed with chemical additives. The benefits include faster construction, reduction in construction expenses, waterproofing capabilities, more durable and stronger foundations. Thus, the Construction Chemical Additives Market is well-positioned to register strong annual revenues during the forecast period of 2017-2022.
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Scope & Regional Forecast of the Construction Chemical Additives Market
The Construction Chemical Additives Market considers the prime growth drivers to be a few factors like: huge investments being made by emerging countries on infrastructure; adoption of innovative construction materials for a variety of projects; and climate change concerns prompting big markets like China and India to use eco-friendly variants of construction adhesive, coating, corrosion inhibitor, etc.
The Construction Chemical Additives Market revenue is expected to reach $60.5 billion in 2020 as the awareness of additive effectiveness spreads and production costs fall. China recently overtook the U.S. in the stakes for the highest market share, and is expected to retain its dominant position till at least 2022. As climate change has sparked various governments to tighten emission and usage regulations, additive manufacturers are expected to increasingly lean on innovations for future market expansion.
Segmentations & Key Players Involved in the Construction Chemical Additives Market
The Construction Chemical Additives Market can be broken down into various segmentations on the basis of –
Type: Concrete Admixtures (Plasticizers, Super Plasticizers, Air Entraining Agents), Water Proofing Agents, Leveling Agents and Sealants.
Application: Residential Buildings, Non-Residential Buildings, Infrastructure and Repairs in Construction.
Geographical Location: North America, Europe, Asia-Pacific and Rest of the World.
Some of the key players involved in the Construction Chemical Additives Market are as follows:
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Mapei South Africa (PTY) Ltd.
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RPM International Inc.
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The Dow Chemical Company
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BASF SE
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Clariant AG
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Evonik Industries
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