Global Market for Construction Chemicals Worth USD 33.7 Billion by 2022 – Growing Use of Carbon Nanotubes in Flame Retardant Materials – Research and Markets
May 30, 2016 | By Business Wire News
DUBLIN
Research and Markets has announced the addition of the “Construction Chemicals – A Global Market Overview” report to their offering.
The global market for Construction Chemicals is forecast to be US$21.4 billion in 2016, is expected to maintain a CAGR of 7.9% between 2016 and 2022 and reach a projected US$33.7 billion by 2022.
Global demand for construction chemicals has been witnessing above average growth in recent times, a trend that is likely to sustain at least over the medium term. As a rule, consumption of construction chemicals has a direct correlation with the level of ongoing construction activities around the globe. This further depends on the existing status of the construction market, urbanization and the degree of industrialization in a specific region.
Developing economies of Asia-Pacific, Middle East & Africa and South America are the primary construction markets that have been growing and would continue to grow rapidly, leading to a corresponding increase in consumption of construction chemicals.
The populations in these regions, too, tend to grow at a much faster rate that the developed economies, signifying a constant need for construction activity to be maintained. In addition, huge spending by governments for providing housing and boosting infrastructure is likely to bolster demand for construction chemicals in these sectors.
Existing trends in the construction market indicate an increased use of ready-mix concrete and wider demand for non-hazardous and sustainable construction chemicals. Another trend that has been gaining in traction is the use of carbon nanotubes in flame retardant materials that are employed in construction.
Companies Mentioned:
- 3M Company
- Akzo Nobel N.V.
- Ardex GmbH
- Arkema S.A.
- Ashland Inc.
- BASF SE
- DAP Products Inc.
- E. I. Du Pont De Nemours & Company
- SIKA AG
- The Dow Chemical Company
Key Topics Covered:
Part A: Global Market Perspective
1. Introduction
2. Key Global Players
3. Key Business & Product Trends
4. Global Market Overview
For more information visit http://www.researchandmarkets.com/research/nmm455/construction
View source version on businesswire.com: http://www.businesswire.com/news/home/20160530005113/en/
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