Chemical Share Market
Chemicals Share market has been segmented into five principal product categories including concrete admixtures, protective coatings, asphalt modifiers, adhesives, and sealants. Concrete admixtures accounted for more than half of the global market in 2015 and will likely gain the market share at a significant rate in the next eight years. Inherent property of the chemical to improve the concrete quality, accelerate or delay the setting time, enhance chemical and physical resistance, improve the concrete workability.
Competitive Market Share
Chemicals market company share is highly consolidated with the presence of multinational business conglomerates. The top four manufacturers account for around half of the global construction chemicals industry share. The competitive landscape is characterized by the continuous development of manufacturing facilities in order to meet the growing global demand. The manufacturing companies rely on strategic mergers, acquisition, and partnerships to enhance the production capacities and technologies to maintain the market positions.
Key chemicals industry players include BASF SE, Sika Group, Arkema, Dow Chemical, W. R. Grace & Company, RPM International, Fosroc, Ashland, Evonik Industries, 3M Company, Henkel AG, AkzoNobel Chemicals, Tremco Group, Tata Chemicals, Pidlite Industries, Knopp GmbH, MAPEI, Gujarat Alkalies And Chemicals, Albemarle, and Huntsman Corporation.
Types of Chemical Market
1) Chemicals Market, By Product
2) Chemicals Market, By Region
3) Chemicals Industry Background
Chemicals Market, By Product: Chemicals market has been segmented into five principal product categories including concrete admixtures, protective coatings, asphalt modifiers, adhesives, and sealants. Concrete admixtures accounted for more than half of the global market in 2015 and will likely gain the market share at a significant rate in the next eight years. Concrete admixtures are further segmented into chemical and mineral admixtures. Chemical admixtures consist of normal plasticizers, superplasticizers, accelerating agents, retarding agents, air-entraining agents, waterproofing admixtures. Mineral concrete admixtures studied in the report are rice husk ash, fly ash, granulated blast furnace slag, and silica fume.
Chemicals Market, By Region: Asia Pacific Chemicals market accounted for a considerable share in 2015 owing to the heavy industrialization and urbanization of countries including China, India, and Japan. In 2015, the region registered more than USD 14 billion and will likely flourish at more than 9% CAGR on the account of rapidly increasing population and fast developing economies of China, India, Japan, and other South East Asian countries such as Indonesia, Malaysia, Vietnam, Philippines, etc. Increasing government investments to develop the infrastructures will also have a positive impact on the market in the coming years.
Chemicals Industry Background: chemicals market is solely driven by the overall building and infrastructural development activities around the globe. Rapidly flourishing construction market in the Asia Pacific, led by China and India, will have a significant impact on the product demand in the forecast span. These chemicals are extensively used to improve the quality of cement, concrete, asphalt, and other building materials.