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Construction Chemicals Market: Current Business Trends & Growth Opportunities 2016-2024.

The construction chemicals market will likely cross $50 billion by 2024, according to a new research report by Global Market Insights, Inc. Rapidly escalating infrastructure spending across BRICS countries will be an important factor that will catalyze the global construction chemicals market in the coming years. China construction industry was valued at $1.7 trillion for 2015 with extremely strong growth prospects. Other countries of the region with high growth prospects include India and Japan with more than $1 billion collective revenue. Growing population and government initiatives to provide low cost homes and develop infrastructure will further augment the construction chemicals market in next eight years.

Concrete admixtures find application across commercial and residential buildings as well as infrastructures. In 2015, the segment accounted for above 50% of the overall construction chemicals market size.

Admixtures can be classified into mineral and chemical concrete admixtures. Mineral include fly ash, rice husk ash, silica fume and granulated blast furnace slag. Chemical admixtures include superplasticizers, normal plasticizers, waterproofing admixtures, air-entraining agents, accelerating agents and retarding agents.

Asphalt modifiers find extensive application in the construction of roads and highways accounted for less than a tenth of the overall construction chemicals market, but with growing demand for good quality roads and increasing road development activities in the developing countries will likely notably enhance the product demand in the forecast span.

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Title Annotation:Market Reports
Publication:Coatings World
Date:Jun 1, 2018
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