Global Construction Chemicals Market: Key Highlights
Global Construction Chemicals Market: Key Market Dynamics
Global Construction Chemicals Market: Regional Overview
Asia-Pacific emerged as the fastest-growing region for this market owing to the rapid industrialization and urbanization in countries such as India, Malaysia, and Vietnam. According to Invest in India, the construction market in India is expected to emerge as the third-largest globally by 2025. The Indian government plans to invest USD 1.4 trillion in infrastructure projects in the coming 5 years.
With the upcoming mega-events such as EXPO 2020 and FIFA World Cup 2022, the construction industry in the region is expected to grow at a substantial rate. This is expected to result in the growth of the repair structures in the region, thus driving the construction chemicals.
Global Construction Chemicals Market: Key Players Overview
Sika AG engaged in manufacturing construction materials. The company produces concrete and mixtures, mortar, sealants and adhesives, tooling resins, anti-static industrial flooring, and acoustic materials. In January 2019, the company agreed to acquire Parex, a France-based company for the construction materials sector.
RPM International Inc. manufactures and markets high-performance coatings, sealants, and specialty chemicals. In June 2019, the company’s business Tremco, acquired Schul International Co., LLC, a manufacturer of joint sealants for commercial construction, and Willseal LLC, a business that markets and sells Schul products.
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