Latest industry research report on Construction Chemicals Market. Rising construction activities in the emerging economies and the growing trend of urbanization drive the world construction chemicals market value to grow with an estimated CAGR of 7.4% during the forecast period. Change in preference from simple homes to luxurious homes that provide a wide range of facilities, such as resistance from fire, heat, corrosion, and waterproofing facility, which can be achieved by using various construction chemicals during the building of structures, further supplements the growth. However, in developing countries, such as China and India, there is lack of knowledge on benefits of construction chemicals, thus limiting its use on a large scale.
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This is the major factor that hinders the construction chemicals market growth rate. Established infrastructure in various developed economies of North America and Europe restricts the growth of the market.
Construction chemicals are specialty chemicals used in residential, infrastructure, and industrial construction. They relay the additional protection against environmental conditions, which leads to reduction in the quantity of the raw material, required and also helps in increasing the structural strength and life of the construction projects. Concrete admixtures and water proofing & roofing chemicals occupy majority share of the construction chemicals market. Similarly, residential and infrastructure dominated the end-user applications market in the year 2015. The major construction chemical types include concrete admixtures, waterproofing & roofing, repair, flooring, and sealants & adhesives.
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The world construction chemicals market is segmented based on type, application, and geography.
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