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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Construction Chemicals Market - Forecasts Research Report 2016- 2024
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Construction Chemicals Market size will likely cross USD 50 billion by 2024; according to a new research report by Global Market Insights, Inc. Rapidly escalating infrastructure spending across BRICS countries will be an important factor that will catalyze the global construction chemicals market in the coming years. China construction industry was valued at USD 1.7 trillion for 2015 with extremely strong growth prospects. Other countries of the region with high growth prospects include India and Japan with more than USD 1 billion collective revenue. Growing population and government initiatives to provide low cost homes and develop infrastructure will further augment the construction chemicals market in next eight years. Global Market Scenario of Construction Chemical Industry
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com According to the European Commission, buildings account for up to 40% of the total energy consumption and produce more than 33% of the overall greenhouse emissions in the region. The product ability to enhance the natural properties of the construction materials while reducing the overall carbon footprint provides them a competitive advantage. With various state and central level governments focusing on environment friendly, safer, and “greener” buildings, the construction chemicals market will witness a notable progress in the coming years. Protective coatings demand in commercial as well as residential complexes, in order to add fire resistant features to the building will grow significantly owing to increasing safety awareness. Continued...
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com China construction chemicals market size, by product, 2013 – 2024 (USD Million)
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Browse Full Market Research Report On construction chemicals market @ http://bit.ly/2bSEY5mhttp://bit.ly/2bSEY5m Request a sample copy of construction chemicals market Research Report @ http://bit.ly/2nWBljL http://bit.ly/2nWBljL
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Continued... Slow growth rate of the construction industry in the developed countries of Western Europe may pose a threat to the overall construction chemicals market in the coming years. Moreover, the European construction industry has been hit hard because of the financial and economic crisis in the union. Most West European countries exhibited a GDP growth rate below 2% in 2015 except Spain with 3.2%, and UK with 2.3%. Construction industry maturity in the countries, resulting into the sluggish growth rate, will restrain the construction chemicals market growth throughout the forecast span. Concrete admixtures find application across commercial and residential buildings as well as infrastructures, such as bridges, roads, flyovers, etc. In 2015, the segment accounted for above 50% of the overall construction chemicals market size and will witness a significant growth owing to its contribution to cement quality.
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Construction Chemicals Market, By Product Construction chemicals market has been segmented into five principal product categories including concrete admixtures, protective coatings, asphalt modifiers, adhesives, and sealants. Construction Chemicals Market, By Region Asia Pacific construction chemicals market accounted for a considerable share in 2015 owing to the heavy industrialization and urbanization of countries including China, India, and Japan. Booming construction industries in the BRICS nations, led by China and India will have a major influence in the global construction chemicals market enhancement in the coming few years. Construction Chemicals Industry Background Construction chemicals market is solely driven by the overall building and infrastructural development activities around the globe. Rapidly flourishing construction market in the Asia Pacific, led by China and India, will have a significant impact on the product demand in the forecast span. 360° Analysis
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