Portland, OR -- (SBWIRE) -- 06/12/2018 -- Construction Chemicals Market was valued at $27,162 million in 2015, and is expected to reach $40,154 million by 2022, supported by a CAGR of 5.6% during the forecast period 2016 ? 2022. Construction chemicals are specialty products that are crucial for sustainable infrastructure and energy conservation in construction industry to increase durability of buildings, and to provide added fortification from environmental hazards.
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Concrete admixtures and water proofing & roofing chemical segments together dominated the construction chemicals market in 2015, accounting around two-thirds of the market share collectively. Concrete admixtures segment is expected to grow with a high CAGR of 9.9%, in volume terms, owing to the increased compressive strength and enhanced workability, so as to provide higher moving and positioning time. Residential and infrastructure end-user segments collectively accounted for three-fifths of the market share, in terms of volume, in 2015. Infrastructure segment is estimated to grow at the fastest rate with a CAGR of 7.7% during the forecast period.
Top Dominating Key Players in Construction Chemical Market:
- ARKEMA SA
- ASHLAND INC.
- BASF SE
- FOSROC INTERNATIONAL LTD.
- MAPEI S.P.A.
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Top Winning Strategies
The key players in the world construction chemicals market are adopting different key business strategies such as acquisition, expansion, and product launch to withstand in the global competitive market. The market players profiled in this report are construction chemical manufacturers and solution providers who serve the product globally to several end-user industries. The data pertaining to market players and their strategic moves are gathered through press releases of respective companies, various blogs, available on the website and primary calls made to the experts in the industry.
Acquisition and expansion are the leading strategies adopted by the key players in this market in order to widen their geographical reach. Acquisition covers 41% share out of the total number of strategies adopted during 2011-2016. RPM International Inc. and Sika AG are the leading companies, which have adopted acquisition as their key business strategy.
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Some Key Benefits:
- Infrastructure segment is projected to grow at the fastest rate with a CAGR of 9.7% (volume terms).
- Flooring, a type of construction chemicals, is projected to grow with a CAGR of 9.6% (volume terms) during the forecast period.
- Residential segment accounted for around half of the market share, in terms of value, in 2015.
- Asia-Pacific amounted for more than two-fifths of the market share, by volume, in 2015, growing at a CAGR of 10.2%.