1. Market Research
  2. > Construction Market Trends

Construction Chemicals Market

  • January 2015
  • 275 pages
  • Freedonia
Report ID: 2660272

Summary

Table of Contents

US demand to rise nearly 8% annually through 2018

Demand for construction chemicals used in on-site applications in the US is projected to grow nearly eight percent per year through 2018. Gains will be primarily driven by double-digit increases in building construction expenditures, supported by healthy economic growth and an improved consumer financial outlook. Increased economic activity and greater government investment in the aging US infrastructure will also support healthy consumption of construction chemicals in nonbuilding applications. While overall growth will be underpinned by the strong increases in construction spending, the product mix will also continue to shift as the market adapts to environmental regulations and new, more stringent building codes by turning to new, higher value formulations and technologies.

Jump in new housing construction to drive gains

Following several years of recovery, a fully healed US housing market -- aided in part by healthy economic growth and a much improved consumer financial outlook -- will lead to a jump in new residential construction activity by 2018. Consumer preference for greater numbers of windows, larger kitchens, and for decks will boost consumption of coatings and sealers, grouts and mortars, and caulks and adhesives. Demand for onsite construction chemicals in residential improvement and repair applications will also rise as more financially secure consumers continue to invest in updating and maintaining their homes. Nonresidential building construction activity
is also expected to increase rapidly through 2018. Healthy economic growth will support a rebound in both the industrial and office and commercial sectors, with increased construction of manufacturing plants, warehouses, refineries, hotels, shopping malls, restaurants, and retail stores all helping to drive nonresidential construction chemical demand.

Caulks and adhesives will experience some of the fastest growth, as will sprayed polyurethane foams, which will benefit from tightening building codes that require increased energy efficiency. Greater economic activity will also require increased investment in infrastructure, both public and private, particularly for the US’ aging transportation system. This will lead to healthy growth in nonbuilding construction chemical demand, especially for cement and asphalt additives and coatings. Rising
demand for chemical additives and for coatings will also result from the increasing use of new concrete technologies that offer superior performance and ease of placement, such as high-performance concrete and self-consolidating concrete.

Higher value formulations to continue market share gains

Across the entire construction chemicals market, higher value formulations will continue to gain market share in many product segments, due to both environmental and performance issues. This is due in part to volatile organic compound (VOC) regulations enacted at both the federal and state levels. The shift away from solvent-based formulations will be furthered intensified by consumer preferences for low odor and easy cleanup water-based products. The transition toward better performing,
longer lasting products will boost the value of the construction chemicals market in the US going forward, though the decreased replacement frequency and volume of chemicals required will serve as a check on further growth.

Study coverage

This upcoming industry study, Construction Chemicals, presents historical demand data (2003, 2008, 2013) plus forecasts (2018, 2023) by product and by application. The study also considers market environment factors, examines the industry structure, evaluates company market share data and profiles 31 US industry competitors.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Global Building & Infrastructure Construction Industry Databook for 20 Countries – Market Size & Forecast by Value and Volume across 40+ Market Segments in Building Construction and Infrastructure Construction (2012 – 2021)

  • $ 8900
  • Industry report
  • April 2017
  • by ConsTrack360

The global construction industry in value terms increased at a CAGR of 9.6% during 2012-2016. Over the forecast period of 2017 to 2021, the industry is expected to record a CAGR of 9.9%, increasing from ...

Global Building Construction Industry Databook for 20 Countries – Market Size & Forecast by Value and Volume across 30+ Market Segments in Building Construction (2012 – 2021)

  • $ 6900
  • Industry report
  • April 2017
  • by ConsTrack360

During the review period, value of global building construction industry recorded a CAGR of 11.3%. CAGR during the forecast period of 2017 to 2021 is expected to be 11.2% with value reaching US$ 10,682.3 ...

Analysis of Key Sectors of Colombia: Agriculture, Healthcare, Construction, Mining, Manufacturing and Transportation Markets (2017 - 2022)

  • $ 6000
  • Industry report
  • January 2017
  • by Mordor Intelligence LLP

Colombia is the 4th largest economy in Latin America after Brazil, Mexico and Argentina. Population wise Colombia is 3rd largest in Latin America accounts to 47.66 million inhabitants in 2015. It is the ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.