“Construction chemical additives are chemical formulations which are added into cement to make concrete strong and more effective for construction. These additives are used for variety of purposes which include better water proofing, strong flooring and better leveling. The construction chemical market has been segmented by type of additives, application and geography exclusively. Based on the types of additives commercially available, the market is categorized in to various categories such as plasticizers, superplasticizers, leveling agents, water proofing agents and sealants. Each type varies greatly and the composition is different with different technical specifications. The key user segments include residential buildings, non-residential buildings, infrastructure, and repairs in construction.
The main factor owing to the growth of this industry is flowing investments for the construction sector, which is forecast to double over the next five years. Construction chemicals additives are essential for high quality concrete and for promoting the improvement of concrete performance. They also increase the life of construction work and impart additional protection from environmental hazards.
Residential building construction is in burgeoning demand ever since the era of industrialization has begun. According to the industry, residential construction is anticipated to grow at a rate of 12% in the Euro Zone.
In terms of number of products in the market, concrete admixtures had dominated the market followed by leveling agents. BASF, Sika, Kao Chemicals, Ardex and so on are some of the major suppliers of concrete admixtures. Though the number of leveling agent products manufactured are more in number but the market share in terms of revenues is more for waterproofing compounds, which is preceded by concrete admixtures with a share of 46.9%.
The overall market is also presented from the perspective of different geographic regions and the key countries in each region. The market has been segmented in to four regions North America, Europe, Asia-pacific and Rest of the World. Competitive landscape for industry and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The key players profiled in this report include AkzoNobel NV, BASF SE, the Dow Chemical Company, Sika AG, Mapei South Africa (PTY) Ltd and W.R. Grace & Co and others.BASF SE and Sika AG are the two key market players in the market, where BASF itself accounts for 29% of the market, followed by Sika with 16% in 2014.
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