The Global Construction Chemicals Market is likely to attain USD 67.61 billion by 2024. It is projected to observe significant gains over the forecast period (2016-2024). The market is driven by rising demand from several end-use industries comprising residential and non-residential & infrastructure. Brisk move towards urbanization along with escalating focus of infrastructure growth in promising economies will stimulate the demand further.
The worldwide construction chemicals market can be segmented by products, end-users, and regions. Products are concrete admixtures, concrete sealants, concrete adhesives, and protective coatings. Concrete admixtures segment contributed for above 64.7% of the total market volume shares in 2015.
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They are extensively used in concrete to improve its physical and chemical properties and are utilized in all types of constructions for instance non-buildings, residential, and non-residential infrastructure. Construction chemicals develop the power of the building structure. It provides superior durability, chemical resistance, and noticeably lowers the water and cement necessity.
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