Published On: Tue, Jun 6th, 2017

Construction Chemical Companies on Rise

Construction Chemicals Market is expected to reach $40,154 million by 2022, supported by a CAGR of 5.6% during the forecast period 2016 ‐ 2022. Construction chemicals are specialty products that are crucial for sustainable infrastructure and energy conservation in construction industry to increase durability of buildings, and to provide added fortification from environmental hazards.

Infrastructure is the most attractive segment in the world construction chemicals market. It would be the first preference for new entrants due to surge in population and urbanization that drives the need for sustainable infrastructure and environmental friendly products. Chemical products such as concrete admixtures similarly help in minimizing the quantities of cement and water generally required during the construction.

The global construction chemicals market is segmented based on type as concrete admixtures, waterproofing & roofing, repair, flooring, sealants & adhesives, and others.

The Asia-Pacific region has the highest consumption rate for admixtures owing to the huge number of infrastructure projects undertaken. As every construction company needs concrete admixture. It is an ingredient that is added to the blend either before or during the time to transform concrete properties. Admixture is used in order to modify the properties of new and toughened concrete.

A mineral admixture is used to increase the workability of brand new concrete. It also helps to perfect the resistance level of concrete from thermal cracking, sulphate attack and the likes. Fly ash, silica fume and ground granulated blast furnace slag are different mineral admixtures.

In order to lessen water content or cement content and for the entertainment of air, construction companies make use of chemical admixture. There are seven types of admixtures that are used by construction companies.

With the rapid growth of construction industry in India, construction chemical companies in India have also been developed to a great extent. The last decade has seen a tremendous growth in the construction chemical companies in India. The competition is rising high every moment. Several projects are being introduced in the country in different sectors like power, housing and in transportation. Foreign companies are also investing with the construction chemical companies in India that are helping to increase the foreign money in India.

Construction chemical companies in India are also working hard to spread awareness about the benefits of using construction chemicals. With the help of advance technology construction chemical companies in India are spreading their presence and quality work worldwide.

The key players in the world construction chemicals market are adopting different key business strategies such as acquisition, expansion, and product launch to withstand in the global competitive market. The market players in construction chemical manufacturers include BASF SE, Arkema SA, Ashland Inc., Fosroc International Limited, Mapie S.p.A, Pidilite Industries, RPM International Inc., Sika AG, The Dow Chemical Company and W.R. Grace & Company.

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