Global Construction Chemicals Market Forecast 2020 - WorldOfChemicals

Construction Chemicals Market Outlook

Category : Industry Chemicals
Published by : Data Research Analyst, Worldofchemicals.com

Construction chemicals are specialty chemicals that find applications in construction projects to increase the strength and durability of the structures. They reduce the amount of raw materials required and provide protection from various environmental factors. 


Marketing Models

The construction chemicals industry follows B2B and B2C models for marketing. These models have different chemical products, players and success factors:

 

1. B2B Model

In the b2b marketing model, numerous residential, industrial and infrastructure construction projects are targeted by the manufacturers. In this field, the history of the construction company and their capability to adhere with the project specifications are important factors.

 

2. B2C Model

In the b2c marketing model, construction chemicals are directly sold to small construction contractors or consumers through small retail outlets. Branding and marketing are crucial driving forces in this field.

 

Type of Products

Construction chemicals that are widely used are as follows:

 

1. Concrete Admixtures

Concrete admixtures are additional ingredients added in concrete along with cement, water and aggregates. They are less than 5% of the mixture by proportion. Concrete admixtures are added to increase the strength, durability, corrosion protection and coloration from aesthetic view point. 

 

2. Water Proofing Compounds

Water proofing compounds enhance concrete's shelf life by increasing durability of the structure as well as lowering the maintenance costs. Water proofing compounds provide corrosion protection to metallic reinforcements, check fungus growth and prevent plasterboard swelling. 

 

3. Adhesives, Grouts and Sealants

Adhesives, grouts and sealants find various applications within the construction industry. Adhesives are chemicals applied between two surfaces to bind them together. Sealants are chemicals, which block the entry of liquids or gases through the surface or openings in the materials.

 

Whereas a grout is a paste used to fill gaps or crevices between floor tiles and wall tiles.

 

4. Surface Treatment Products

Surface treatment products are used in walls, podium decks, roofs and floors and are crucial for industrial construction. Surface treatment products provide protection from serious chemical attacks as well as provide enhanced abrasion resistance and uniform appearance. 

 

5. Repair Chemicals

These chemicals are used for the repair and rehabilitation of structures. They are used in the maintenance of industrial buildings and historical structures.

 

Market Size and Growth

The global construction chemicals market was worth USD 18 billion in 2015 and is expected to reach USD 25 billion by 2020 with a CAGR of 6.5%. The Indian market is worth USD 0.6 billion, which accounts to 4% of the global market share. The Indian market is projected to reach USD 1.4 billion by 2020 with a CAGR of nearly 15%.

Increase in construction projects is the driving factor for the growth of the construction chemicals market. Another factor for the growth is due to the increased use of construction chemicals by emerging markets, to improve the quality of their construction projects. 

The biggest market for construction chemicals is China at present, followed by North America. Other important markets are Japan and Western Europe. Emerging markets like Brazil, India, China and South Africa are driving the growth globally. However, the North American and European markets are moderate growth.

 

Trends Transforming the Market

Protective chemicals form the biggest segment within the global construction chemicals market, which accounts for 40% of the total market. This is because of the widespread use in Europe and North America for protection against cold weather conditions.

 

The Indian market is dominated by concrete admixtures, which accounts for 42% of the total market. Adhesives and sealants are next with a market share of 18%. Waterproofing chemicals account to 14% market share. Whereas, other constructions chemicals including surface treatment products account to 26% of the total market.


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