The global constructionchemicals market size is projected to reach USD70.91 billion by the end of 2026. The need for improved infrastructure willopen up a huge potential for the growth of the market. According to a report byFortune Business Insights, titled “ConstructionChemicals Market Size, Share & Industry Analysis, By Type (Admixtures,Flooring, Waterproofing, Repair & Rehabilitation, and Others), By Application(Residential, and Non-Residential), and Regional Forecast, 2019-2026,”the market was worth USD 42.32 billion in 22018 and will exhibit a CAGR of 6.7%during the forecast period, 2019-2026.
Variations in Product Offerings Will AidGrowth of the Market
The report encompasses several factors that have contributed to the growth of the market in recent years.Among all factors, the variations in product offerings will have a huge impacton the growth of the market. Several large-scale companies are looking to offernewer variations in these products with a bid to establishing a stronghold inthe market. The In December 2018, Fosroc announced the launch of a green roofwaterproofing grade of Polyurea. The product will offer improved resistance andwater permeability, accounting to which it will witness huge demand in thecoming years. Fosroc’s latest product will not only have a positive impact onthe growth of the company, but will influence the growth of the market on aglobal scale.
Browse Complete Report Summary@ https://www.fortunebusinessinsights.com/construction-chemicals-market-102539
Asia Pacific to Emerge Dominant;Increasing Investment in Product R&D by major Companies to Aid Growth
The report analyzes the ongoingconstruction chemicals market trends across North America, Latin America, AsiaPacific, the Middle East and Africa, and Europe. Among these regions, AsiaPacific currently dominates the market. The availability of raw materials hasattracted start-ups as well as encouraged established companies. Besides AsiaPacific, the market in North America will witness considerable growth in thecoming years. As of 2018, the market in North America was worth USD 9.8 billionand this value is projected to increase further in the coming years.
September 2019: BASF unveiled a new production plant in the Philippines for supply of construction chemicals in local market.
