Seattle, WA -- (SBWIRE) -- 09/27/2019 -- The global epoxy putty & construction chemicals market size is expected to witness potential gains in the future and exhibit a significant CAGR over the forecast period (2019 - 2027).
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Epoxy putty is space-filling, room-temperature-hardening adhesive. It is a thermosetting polymer, which is formed from reaction of polyamine hardener and epoxide resin. Various construction chemicals are used during the construction to hold construction materials together. They are used to enhance various qualities such as workability, and durability of the project. Bonding agents, concrete repair chemicals, dry shake floor hardeners, curing and sealing compounds, concrete chemicals, and water proofing chemical are some of the most commonly used construction chemicals.
Epoxy putty is widely used in coatings and paints, industrial tooling, adhesives, and composites along with electrical and electronic systems. It also finds applications on metal surfaces such as aluminum, chrome, brass, stainless steel, iron, gold, copper, and bronze. It is also used in fiberglass, PVC, wood, glass, and ceramic tiles. Therefore, growing use of epoxy putty and construction chemicals is expected to increase the demand for epoxy putty and thereby drive growth of the global epoxy putty and construction chemicals market during the forecast period.
Moreover, growing construction activities in residential sector is expected to fuel the demand for construction chemicals and epoxy putty, which in turn is expected propel the market growth.
On the basis of region, the global epoxy putty and construction chemicals market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Among regions, Asia Pacific epoxy putty and construction chemicals market is expected to hold dominant position in the market. This is attributed to increasing number of construction activities in the private as well as government sector. The market is also expected to witness the fastest growth in terms of revenue during the forecast period. Furthermore, the market in Middle East is expected to gain significant market share, owing to rapid infrastructure development. Moreover, Latin America epoxy putty and construction chemicals market is driven by increasing number of sports events that promote infrastructure development.
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Key players operating in the global epoxy putty and construction chemicals market include, 3M Company, Adco Inc., Akzonobel N.V., Albemarle Corporation, Arkema S.A., Bolton Group, BASF SE, Ashland Inc., Pidilite Industries Ltd., Bostik Inc., Cementaid (N.S.W.) Pty. Ltd., Chryso S.A.S. and Cico Technologies Ltd.
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