Asia & MEA Construction Chemicals Market to Witness Robust Expansion Throughout the Forecast Period 2018 to 2025
December 9, 2019 by Jason Lee
Facto Market Insights has skillfully compiled this latest research report titled Asia & MEA Construction Chemicals Market to Witness Robust Expansion Throughout the Forecast Period 2018 to 2025, to its wide online repository. This assessment focusing on the Asia & MEA Construction Chemicals market would deliver precise insight about different market factors such market size, revenue, growth forecast and competitive landscape during the period 2018 and 2025. Readers would be enlightened to receive high-data statistics that can be utilized for structuring future developments, with an aim to enhance revenue and contribute to the growth of the overall Asia & MEA Construction Chemicals Market.
The Asia and MEA construction chemicals market was valued at $15,907.9 million in 2017 and it is expected to reach $27,740.7 million by 2025, growing at CAGR of 7.12% from 2018 to 2025.
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Construction chemicals are chemical formulations, which are majorly used with cement, concrete, or other materials to adhere them during construction activities. Construction chemicals are known to enhance the strength and quality of concrete and offer water resistance & enhanced rigidity. In addition, they protect the concrete structure from atmospheric degradation. Various chemical products, such as concrete admixtures, are used with concrete to minimize the quantities of cement and water. Concrete admixtures are known for modifying properties of hardened concrete to ensure the quality during mixing, curing, and placing.
Construction chemicals are utilized in the construction industry for several applications such as residential, construction, infrastructure repair, commercial & industrial construction, and others. Therefore, significant development in the construction industry boosts the growth of the market. The developments in the construction industry in Asia is driven by increase in urbanization and infrastructural development, which in turn fuels the demand for construction chemicals. Emergence of megacities in both Asia and Middle East & Africa regions further offer scope for usage of construction chemicals. Furthermore, increase in residential housing projects and rise in investment on infrastructure development are considered as key driving factors for this market.
Region wise, the market is analyzed across Asia and Middle East & Africa. Asia is further segmented into various countries, including China, India, Japan, Indonesia, Thailand, South Korea, Australia, and rest of Asia. On the other hand, MEA is segmented into Saudi Arabia, UAE, Kuwait, Bahrain, Oman, Qatar, Egypt, Africa, and rest of Middle East & Africa. Asia alone has dominated the market in 2017, garnering more than 85% share. This is attributed to heavy investment in infrastructure development in countries such as China and India, increase in urbanization across developing countries, and upsurge in demand for housing projects. In addition, development of the construction industry in the Middle East and growing urban population in the African countries is primarily promoting the growth of the construction chemicals market.
Key players analyzed and profiled in the Asia and MEA construction chemicals market are Arkema SA, Ashland Inc., BASF SE, Fosroc International Inc., MAPEI S.P.A., Pidilite Industries Limited, RPM International Inc., SIKA AG, DowDuPont Inc., W.R. Grace and Co., and Others. Some of the other player includes 3M Chemical Company, Henkel AG, Adrex GmbH, and Evonik Industries.
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1.5.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings of the study
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
220.127.116.11.Development of the construction industry
18.104.22.168.Lower consumer awareness regrading benefits of construction chemicals
22.214.171.124.Rise in awareness pertinent to energy conservation and sustainable infrastructure
3.5.Top player positioning, 2017
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