The need
for safe, sustainable and secure shelter is an innate problem across the world.
With growing population, the demand for construction has seen an upsurge in the
recent past. There are many inventions pertaining to the kind of chemicals
being used in the construction activities. One such important innovation is
that of chemical additives which are used to increase the strength of the
cement. Some of the additives being used in this industry include concrete
admixtures, waterproofing compounds, leveling agents and sealants. These
additives are used in the construction industry to provide strength to the
construction which makes it durable for longer time. Recently there is an
increasing demand for environmentally friendly products in construction. Following
this trend, many companies are coming forward with the introduction of
eco-friendly plasticizers made up of dioctyl terephthalate (DOTP), di-isononyl
phthalate (DINP) and dipropyl heptyl phthalate (DPHP).
To Get More Info on “Construction Chemical
Additives Market”, Download Free Sample Brochure:
Construction
chemical additives have found their way into construction application of
various areas such as residential buildings, non-residential buildings,
infrastructure and renovation. The additives used for these purposes vary based
on the requirements. Concrete admixtures find their applications in concrete
mixing, which are used in all the types of constructions but the quantity
depends again on the requirements. For instance, plasticizers are used mostly
in residential construction, whereas superplasticizers are mainly used in the
infrastructure and non-residential segment because of their ability to reduce
water usage up to 30%, which is not the case with plasticizers.
More Information on Construction Chemical
Additives:
ESCALATING GROWTH IN THE URBAN
HOUSING SECTOR OF THE WORLD IS THE MAJOR DRIVING FORCE FOR THE CONSTRUCTION
CHEMICAL ADDITIVES MARKET
Construction
Chemical additives market has humungous growth potential that can be attributed
to the assured growth in construction sector across the world. The total world
urban population has increased form a mere 750 million in 1950 to an immense 3.9
billion in 2014. In the near future, the urban population is anticipated to
surpass 6 billion by 2050. Worldwide there is a trend of increasing
urbanization and formation of mega-cities. Rising standards of living and aging
demography have a direct impact on the way we build, which demands high quality
and precision in construction work. Rapid developments in emerging countries
and use of innovative products and materials in construction activities have
supported the growth of construction chemicals additives markets.
ASIA-PACIFIC
IS POISED TO BE THE LARGEST MARKET BY 2020 FOLLOWED BY THE EUROPEAN REGION
Asia-Pacific
(APAC) market is the largest and the fastest growing market followed by Europe.
The demand for construction chemical additives is growing at a steady pace
across the globe, with North America growing much faster than others. Though
the market size in 2014 was lower than APAC in terms of revenue and volume, it
is estimated to exhibit a CAGR of 13% during the forecast period.
Growth in
APAC region is primarily attributed to the increase in residential
construction. With the increase in population and a higher per capita income,
the growth of construction chemical additives is on an upsurge. Growing
urbanization makes it inevitable for the government to increase construction in
people rich countries. Growing awareness among contractors regarding the
benefits of additives forms another impetus for growth.
On the
contrary, the growth in Europe and rest of the world is attributed to the
increasing demand for non-residential and infrastructure construction.
Some of
the companies which hold a major share in the production of construction
chemical additives include BASF SE, AkzoNobel NV, The Dow Chemical Company, and
W.R Grace & Co. among others.
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