(I-BusinessNews.Com, October 10, 2019 ) Market Overview:
Construction chemicals are chemicals or chemical formulations used with cement, concrete or other construction materials at the time of construction for various applications such as waterproofing.
Construction chemicals have become one of the essential components of the chemical industry playing an important role in global infrastructure development.
The growing development plans of European government and the increasing adoption of innovative construction are the primary market drivers.
Government is investing heavily in infrastructure and housing development. The European Association of Long-Term Investors (ELTI) was set up in 2013 to advocate a positive financial environment and a new investment framework in Europe.
These increasing government investments are expected to increase the demand for However; stringent government regulations might hamper the growth of the market. In Europe, specific legislation and regulations are rapidly changing which is one of the biggest challenges faced by the market.
Government regulations regarding environment protection norms are limiting the development of construction chemical product segments.
The European construction chemicals market is segmented by type and application.
By type, the European construction chemicals market is segmented into concrete admixtures, waterproofing chemicals, tiles adhesives, repair & rehabilitation, Adhesives & sealants, and others.
Waterproofing chemicals accounted for the largest share of the market, owing to the rising demand for waterproofing chemicals. They serve as a physical barrier to high levels of wear and tear or adverse climatic or environmental conditions
By application, the Europe construction chemicals market is segmented into commercial, residential and infrastructure.
By region, the market is segmented into:
Â North America
Â South America
Â The Middle East and Africa
Germany accounts for the most substantial market value in the Europe Construction chemicals market accounting for the significant market share closely followed by the United Kingdom.
Few of the key market players of the Europe construction chemicals market are
Â Sika AG
Â BASF SE
Â Mapei S.P.A
Â RPM International S.P.A
Â Chryso Group
Â Fosroc International Limited
Â Akzo Nobel Chemicals AG
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