Research and Markets has announced the addition of the "Global Construction Chemicals Market 2014-2018" report to their offering.
The analysts forecast the Global Construction Chemicals market to grow at a CAGR of 8.31 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increased demand for construction chemicals from the APAC region. The Global Construction Chemicals market has also been witnessing the increased focus on R&D that has led to the emergence of new, high-performance construction chemicals products. However, the lack of uniform standardization of construction chemicals could pose a challenge to the growth of this market.
The key vendors dominating this market space are BASF SE, RPM International Inc., Sika AG, and W.R. Grace and Co.
Other vendors mentioned in the report are Akzo Nobel Chemicals AG, CICO Technologies Ltd., Henkel AG & Co. KGaA, Italcementi Group, Mapei SpA., PPG Industries Inc., Selena Group, and The Dow Chemical Co.
Commenting on the report, an analyst from the team said: Since the Global Construction Chemicals market is highly competitive, manufacturers are providing innovative solutions and are exploring new application areas for their existing range of products to stay ahead of the competition. Moreover, growing environmental and health concerns have led vendors to focus on the development of low-toxicity paints, adhesives, sealants, and coatings. The market for construction chemicals is witnessing increased expenditure on the R&D of new products and services. More research is being undertaken on the development of protective coatings and sealants for use in the harsh environments of industrial and commercial settings.
According to the report, the effective use of construction chemicals in the Construction industry enhances the quality of construction and increases the durability of structures and buildings. The market is witnessing many growth drivers such as the increased demand for construction chemicals from the APAC region.
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Source: http://www.researchandmarkets.com