Construction Chemicals Industry: Rising Construction Industry in BRICS Nations Providing Huge Opportunity
According to a new research report published by
Transparency Market Research (TMR), the global
construction chemicals market had
reached a market value of US$21.12 billion in the year 2012. Growing at a CAGR
of 8.7% from 2013 to 2019, it is expected that this market will attain a value
of US$37.68 billion by the end the forecast period. The research report is
prepared after an extensive study of the global construction chemicals industry
offering both, the quantitative as well as qualitative analysis of this market.
It also provides detailed information on the basis of the past performance,
current condition, and future prospects of the global construction chemicals
industry across the globe.
The report is titled as “Construction
Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2014 - 2020”.The construction
chemicals are referred as the chemical formulations mixed in specific
quantities in concrete, cement or other construction material during the
construction to meet the functional, visual, and the design requirements of
civil structures. These chemicals are mostly employed in the construction of
industrial, residential, infrastructural, and commercial projects. The main
benefits of these construction chemicals includes assisting design
professionals, constructors, and concrete manufacturers in the construction of
new buildings and renovating old structures with maximum standards and minimum
perils to the environment.
Browse Market Research Report
with TOC & Analysis: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3123
The construction industry in BRICS nations is
rising enormously due to the favorable initiatives by the government to improve
the infrastructure and conquer the housing deficit. This factor is expected to
provide huge opportunities for the construction chemicals industry by 2020.
Similarly, the increase in consumer preference for green buildings added with
the presence of strict safety regulations is another factor driving the global
construction chemicals industry during the forecast period.
The slow growth of the construction sector in
developed economies and the minimal awareness about the advantages of
construction chemicals in emerging nations are expected to restrict the growth
in this market. However, the development in bio-based construction chemicals is
likely to present growth opportunities for the market in the future.
In 2013, the concrete admixture held over 55%
share of the global construction chemicals market based on products. The
protective coatings market is likely to develop at a moderate speed during the
forecast period.In 2013, China emerged as the dominant consumer of construction
chemicals, holding more than 40% of the global construction chemicals market,
in terms of volume. Europe was the second-highest consuming region in 2013. But
it is expected to develop at a slower pace in the coming years. The Rest of Asia
Pacific is anticipated to showcase rapid growth owing to the emerging
construction industry in Japan and India.
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