Chemical Construction Additive Market Definition
The chemical construction additive is the formulations used in the construction of building whether they are residential or commercial or industrial buildings. These chemical additives provide sustainability to building products, increases the efficiency and performance of construction material. There is a range of chemical construction additives developed for improving the concrete performance in areas like corrosion inhibition, mold release, superplasticity, waterproofing. These additives are mixed into binding agents, concretes to impart the required characteristics to the final product.
The market study is broken down by Type (HPMC, HEMC and CMC), by Application (Residential, Commercial and Infrastructure) and major geographies with country level splits.
BASF (Germany), W.R. Grace (United States), RPM International (United States), Fosroc International (United Kingdom), Dow (United States), Sika (Switzerland), Mapei (Italy), Fritz-Pak (United States), PAC Technologies (UAE), Thermax Global (India), ATPL (Canada), Concrete Additives & Chemicals (India), INNUA (United States), Berolan (Germany) and Hupan (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Hycrete (United States) and Krete Industries (United States).
AdvanceMarketAnalytics has segmented the market of Global Chemical Construction Additive market by Type, Application and Region.
On the basis of geography, the market of Chemical Construction Additive has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Powder Additive will boost the Chemical Construction Additive market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Plasticizers will boost the Chemical Construction Additive market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 21st December 2019, BASF and an affiliate of Lone Star, a global private equity firm, signed a purchase agreement for the acquisition of BASF’s Construction Chemicals business. The purchase price on a cash and debt-free basis is €3.17 billion. The transaction is expected to close in the third quarter of 2020, subject to the approval of the relevant competition authorities.
On 5th Spe 2019, Aggregate Industries (AI) has partnered with BASF Construction Chemicals to launch Watertight concrete to protect a structure from water ingress or to retain water within a structure. Designed by AI, the Watertight range encompasses a range of admixture-driven solutions and is available as a three-tiered waterproofing solution; Watertight Pro Protect, Watertight Super Protect, and Watertight Core Protect.
- Increasing Use of Chemical Construction Additive in residential Application
- The Rising Consumption of Chemical Construction Additive from the Asia Pacific
- The Increasing Need from Infrastructure Construction
- The Demand for Efficiency, High Quality, and Finishing Provided to the Building
- Growth in Construction Spendings Around the World
- Surging Industrialisation will Boost the Chemical Construction Additive Market
- Stringent Regulatory Guidelines Regarding Chemical Construction Additive
- Price Fluctuations in Chemical Construction Additive
Key Target AudienceChemical Construction Additive Manufacturers, Chemical Construction Additive International Traders, Chemical Construction Additive Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies, Upstream and Downstream Buyers and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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