China Construction Chemicals Market Forecast and Opportunities, 2020
Construction chemicals are chemical formulations added to construction materials in order to improve their quality, strength, life, stability, chemical resistance, physical & chemical properties, and workability of concrete. Construction chemicals are broadly classified into four categories, namely, concrete admixtures, adhesives & sealants, protective coatings and asphalt additives. Demand for construction chemicals is directly influenced by the growth in construction industry, which over the last decade in China has been positive on account of growing housing demand, increasing urbanization and various government initiatives for strengthening the country’s infrastructure.
According to “China Construction Chemicals Market Forecast & Opportunities, 2020”, the construction chemicals market in China is forecast to grow at a CAGR of over 6% during 2015-20. Growth in the market is anticipated on account of growing awareness regarding quality construction, rising purchasing power of consumers, renovation of existing infrastructure, and stringent regulations on construction activities by the country’s Ministry of Environmental Protection. Segment-wise, concrete admixtures dominated the country’s construction chemicals market in 2014 on account of various add-on features they offer to enhance workability, strength, and physical & chemical properties of concrete. Region-wise, East China dominates the construction chemicals market in China due to the presence of large urban centers such as Shanghai, Jiangsu and Fujian. Moreover, ongoing as well as planned government projects for construction of subways, power plants and buildings in different cities of this region is expected to continue boosting the construction chemicals market in this region over the next five years. “China Construction Chemicals Market Forecast & Opportunities, 2020” report elaborates following aspects related to construction chemicals market in China:
China Construction Chemicals Market Size, Share & Forecast
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The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with construction chemical suppliers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and other proprietary databases.
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