Demand for construction chemicals in the US is forecast to rise over eight percent per year through 2018 to more than $12 billion. Double-digit growth in building construction expenditures will drive demand gains for construction chemicals. A shift towards higher value products will further boost value demand.
Housing Market Recovery Will Drive Gains
Rebounding housing completions will drive demand for construction chemicals in the residential market. In addition to more houses being built, these homes are expected to have more windows, larger kitchens, and decks, driving demand for grouts and mortars, caulks and adhesives, and coatings and sealers.
Transition away from VOCs Boosts Value of Industry
Volatile organic compounds (VOC) regulations at both the federal and state level is reducing demand for solvent-based products. Instead, consumers have transitioned toward higher value environmentally friendly products that are also better performing. This is expected to boost the value of the construction chemicals market going forward.
Construction Chemicals Industry to Remain Fragmented
Because of the diversity of products in the construction chemicals market, the industry has historically been fragmented, and is expected to remain so going forward. The larger companies involved in the construction chemicals industry include Akzo Nobel, BASF, Grace, Henkel, PPG Industries, RPM International, Sherwin-Williams, and Sika.
Scope of the Report
This study covers the scope, size, and growth of the US construction chemicals market including key trends in product usage and application segmentation. Historical data for 2003, 2008, and 2013 and forecasts for 2018 and 2023 are provided for construction chemicals demand in dollars. Also included is an analysis of the industry key players and their market shares.
Applications analyzed in this study include:
Residential (New and Replacement) by Type
Nonresidential (New and Replacement) by Building Type
Office & Commercial
Non-building (New and Replacement) by Type
Roads & Bridges