Research and Markets has announced the addition of the "Global Construction Chemicals Market: Trends & Opportunities (2014-18)" report to their offering.
The 'Global Construction Chemicals Market: Trends and Opportunities (2014-2018)' report provides an in-depth analysis of major construction chemicals markets like Japan, China, North America, Western Europe, Middle East and Africa and Rest of the world (ROW). It also accesses the key opportunities and underlying trends in the market and outlines the factors that are and will be driving the growth of the industry in the forecast period (2014-18). In addition, key players of the industry like BASF, SIKA, GRACE and RPM have been profiled.
Construction chemicals are specialty products that are used in structures to increase their life, and also to impart additional protection from environmental hazards. One of the niche segments of the specialty chemical sector, construction chemicals at a very basic level, add strength and improve construction quality, thereby increasing the durability of the structure.
Factors driving the growth of the global construction chemicals market are the growth of emerging countries, new government regulations, the growth of the construction industry, foreign direct investments and contract research and manufacturing services (CRAMS). Construction chemicals will certainly gain importance in the future. While in some regions (Asia, South America, Central and Eastern Europe) the construction of new buildings will predominate, the focus will shift to renovation in the older economies such as Europe and to a lesser extent in North America. This will directly influence the usage patterns - concrete admixtures are predominantly used for new buildings while more adhesives and sealants are consumed during renovation.
However, costly products, low skilled labour and end users, low emphasis on marketing, lack of technical guidance, government policies, depreciating foreign currency, obsolete equipment and sub standard products and currency risk pose major challenges to the construction chemical industry's growth. Major trends prevailing in the global construction chemicals market are safety and environmental regulations, consolidation in the industry and increased globalization.