Deerfield Beach, FL -- (SBWIRE) -- 03/31/2017 -- The world construction chemical market, is expected to grow at a CAGR of 5.6% during the forecast period to reach $40,154 million by 2022 from 2015 value of $27,162 million. The world construction chemical market is segmented based on type, end-use and geography. Based on type, market is segment into concrete admixtures, water proofing & roofing, repair, flooring, sealants & adhesives, and other chemicals. In 2015, concrete admixtures segment occupied highest share of 38.0% in the world construction chemicals market. Concrete admixtures segment is expected to grow with high CAGR of 9.9%, in volume terms, owing to the increased compressive strength and enhanced workability, providing higher moving and positioning time.

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Construction chemicals are specialty products that are used in buildings to increase their durability, and to provide added fortification from environmental hazards. Chemical products such as concrete admixtures similarly help in minimizing the quantities of cement and water generally required during the construction. Utilization of construction chemicals is higher in residential and infrastructure segment, in comparison with industrial and repair.

Rising global construction industry, increasing urbanization, and growing conformity with latest manufacturing standards are driving the construction chemicals market growth. However, the changing regulatory environment and low consumer awareness inhibit the market growth owing to the price sensitive nature of this market.

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Moreover, the emerging economies are expected to lead the construction chemical market during 2016-2022. In addition, growing awareness regarding energy conservation and sustainability is expected to benefit the construction chemical industry.

World Construction Chemicals Market –

By Type

Concrete Admixtures
Water Proofing & Roofing
Repair
Flooring
Sealants & Adhesives
Other chemicals

By End-Use

Residential
Industrial/Commercial
Infrastructure
Repair Structures

By Geography

North America

U.S.
Canada
Mexico

Europe

Germany
Russia
France
UK
Turkey
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAMEA

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