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Construction Chemicals Market

  • January 2015
  • -
  • Freedonia
  • -
  • 275 pages

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.

Table Of Contents

Construction Chemicals Market
INTRODUCTION xi
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Outlook 5
Demographic Trends 9
Construction Overview 13
Building Construction Expenditures 15
Residential Construction 17
Housing Completions, Placements, and Average Area 19
Housing Stock 25
Residential Improvements and Repairs 28
Nonresidential Construction 29
Nonresidential Building Improvements and Repairs 31
Nonresidential Building Stock 33
Nonbuilding Construction Expenditures 34
Public Highway Spending 36
Nonbuilding Construction Stock 39
Historical Market Trends 40
Environmental and Regulatory Issues 44
International Activity and Foreign Trade 46
III. PRODUCTS 48
General 48
Protective Coatings and Sealers 50
Functions 53
Rustproofing 55
Waterproofing 56
Other Functions 58
Types 60
Urethane 62
Epoxy 64
Acrylic 65
Silicone 67
Bituminous 68
Other Protective Coatings and Sealers 69
Substrates 70
Metal Substrates 72
Masonry and Concrete Substrates 73
Wood and Other Substrates 75
Suppliers 77
Caulks and Adhesives 79
Types 81
Polyurethane 83
Bituminous 84
Elastomeric 85
Silicone 87
Acrylic 88
Epoxy 89
Other Caulks and Adhesives 91
Suppliers 92
Cement and Asphalt Additives 94
Cement Additives 96
Surfactants and Dispersants 100
Inorganic Chemicals 103
Other Cement Additives 106
Asphalt Additives 106
Suppliers 109
Grouts and Mortars 111
Polymer Flooring 115
Sprayed Polyurethane Foam 116
Other On-Site Construction Chemicals 118
IV. APPLICATIONS 121
General 121
Residential Building 123
Exterior 125
Decks and Porches 126
Roofs 128
Driveways and Sidewalks 130
Other Exterior 131
Interior 132
Flooring 133
Other Interior 135
New Construction 137
Improvements and Repairs 138
Nonresidential Building 140
Industrial 143
Office and Commercial 145
Other Nonresidential 149
New Construction 151
Improvements and Repairs 152
Nonbuilding 153
Roads and Bridges 154
Other Nonbuilding 158
New Construction 159
Improvements and Repairs 160
V. INDUSTRY STRUCTURE 162
General 162
Market Share 165
Industry Restructuring 169
Competitive Strategies 172
Marketing and Distribution 175
Company Profiles 178
Akzo Nobel NV 179
Ardex GmbH 184
Axim Concrete Technologies, see Sika
BASF SE 187
Bayer AG 193
Bostik, see Total
Carboline, see RPM International
China National Bluestar Group Company Limited 195
Citadel Restoration and Repair, see RPM International
Comex Group, see Sherwin-Williams
DAP Products, see RPM International
Dow Chemical Company 196
Dow Corning Corporation 199
Dryvit Systems, see RPM International
DuPont (EI) de Nemours 201
Elmer's Products Incorporated 203
Ennis-Flint 204
Euclid Chemical, see RPM International
Franklin International Incorporated 206
Fuller (HB) Company 208
Gardner-Gibson Incorporated 211
Grace (WR) and Company 213
Henkel AG and Company KGaA 217
Henry Company 220
Huntsman Corporation 223
Illinois Tool Works Incorporated 226
Italcementi SpA 230
ITW Polymers Sealants North America, see Illinois Tool
Works
Jones-Blair Company 231
LANXESS AG 233
Momentive Performance Materials Holdings LLC 235
Neogard, see Jones-Blair
PPG Industries Incorporated 239
ProSpec Construction Products, see Fuller (HB)
Rockwood Holdings Incorporated 243
RPM International Incorporated 244
Rust-Oleum, see RPM International
Sherwin-Williams Company 257
Sika AG 262
Stonhard, see RPM International
3M Company 266
Tnemec Company Incorporated 268
Total SA 271
Tremco, see RPM International
Wacker Chemie AG 273
Watson Bowman Acme, see BASF
West Development Group, see Henry
XIM Products, see RPM International

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators 9
2 Population and Households 13
3 Construction Expenditures 15
4 Building Construction Expenditures 17
5 Residential Building Construction Expenditures 19
6 New Housing Indicators 24
7 Housing Stock by Type 27
8 Residential Improvement and Repair Expenditures 29
9 Nonresidential Building Construction Expenditures 31
10 Nonresidential Building Improvement and Repair Expenditures 32
11 Nonbuilding Construction Stock 34
12 Nonbuilding Construction Expenditures 36
13 Public Highway Spending 38
14 Nonbuilding Construction Stock 40
15 On-Site Construction Chemicals Market, 2003-2013 43
SECTION III -- PRODUCTS
1 On-Site Construction Chemicals Demand by Product 49
2 Protective Coatings and Sealers Demand in On-Site
Construction by Market and Application 53
3 Protective Coatings and Sealers Demand by Function 55
4 Rustproofing Coatings and Sealers Demand 56
5 Waterproofing Coatings and Sealers Demand 58
6 Coatings and Sealers Demand in Other Functions 60
7 Protective Coatings and Sealers Demand in On-Site Construction Applications by Type 61
8 Urethane Coatings and Sealers Demand in On-Site Construction 64
9 Epoxy Coatings and Sealers Demand in On-Site Construction 65
10 Acrylic Coatings and Sealers Demand in On-Site Construction 66
11 Silicone Coatings and Sealers Demand in On-Site Construction 68
12 Bituminous Coatings and Sealers Demand in On-Site Construction 69
13 Other Protective Coatings and Sealers Demand in On-Site Construction 70
14 Protective Coatings and Sealers Demand in On-Site Construction by Substrate 71
15 Metal Coatings and Sealers Demand in On-Site Construction 73
16 Masonry and Concrete Coatings and Sealers Demand in On-Site Construction 75
17 Wood and Other Coatings and Sealers Demand in On-Site Construction 77
18 Caulks and Adhesives Demand in On-Site Construction
by Market and Application 81
19 Caulks and Adhesives Demand in On-Site Construction by Type 82
20 Polyurethane Caulks and Adhesives Demand in On-Site
Construction 84
21 Bituminous Caulks and Adhesives Demand in On-Site
Construction 85
22 Elastomeric Caulks and Adhesives Demand in On-Site
Construction 86
23 Silicone Caulks and Adhesives Demand in On-Site Construction 88
24 Acrylic Caulks and Adhesives Demand in On-Site Construction 89
25 Epoxy Caulks and Adhesives Demand in On-Site Construction 90
26 Other Caulks and Adhesives Demand in On-Site Construction 92
27 Cement and Asphalt Additives Demand in On-Site
Construction by Application, Market, and Type 96
28 Cement Additives Demand in On-Site Construction
by Function and Market 99
29 Asphalt Additives Demand in On-Site Construction
by Product and Market 109
30 Grouts and Mortars Demand in On-Site Construction
by Application, Market, Purpose, and Type 114
31 Polymer Flooring Demand by Market and Application 116
32 Sprayed Polyurethane Foam Demand by End Use,
Application, and Market 118
33 Other On-Site Construction Chemicals Demand by Market
and Application 120
SECTION IV -- APPLICATIONS
1 On-Site Construction Chemicals Demand by Market
and Application 122
2 Residential Building: On-Site Construction Chemicals
Demand by Location and Application 124
3 Exterior Residential: On-Site Construction Chemicals Demand 126
4 Residential Decks and Porches: On-Site Construction Chemicals Demand 128
5 Residential Roofs: On-Site Construction Chemicals Demand 129
6 Residential Driveways and Sidewalks: On-Site Construction Chemicals Demand 131
7 Other Exterior Residential Applications: On-Site Construction Chemicals Demand 132
8 Interior Residential: On-Site Construction Chemicals Demand 133
9 Residential Flooring: On-Site Construction Chemicals Demand 134
10 Other Interior Residential: On-Site Construction Chemicals Demand 136
11 New Residential Construction: On-Site Construction Chemicals Demand 138
12 Residential Improvement and Repair: On-Site Construction Chemicals Demand 140
13 Nonresidential Building: On-Site Construction Chemicals Demand by Segment and Application 142
14 Industrial Building: On-Site Construction Chemicals Demand 145
15 Office and Commercial Building: On-Site Construction
Chemicals Demand 149
16 Other Nonresidential Building: On-Site Construction
Chemicals Demand 151
17 New Nonresidential Building: On-Site Construction
Chemicals Demand 152
18 Improvement and Repair Nonresidential Building: On-Site Construction Chemicals Demand 153
19 Nonbuilding Construction: On-Site Construction Chemicals Demand by Segment and Application 154
20 Roads and Bridges: Construction Chemicals Demand 158
21 Other Nonbuilding: On-Site Construction Chemicals Demand 159
22 New Nonbuilding: On-Site Construction Chemicals Demand 160
23 Nonbuilding Improvement and Repair: On-Site Construction
Chemicals Demand 161
SECTION V -- INDUSTRY STRUCTURE
1 On-Site Construction Chemicals Sales by Company, 2013 164
2 Selected Acquisitions and Divestitures 171
3 Selected Cooperative Agreements 175

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT
1 Year of Construction of Housing Stock, 2013 25
2 On-Site Construction Chemicals Market, 2003-2013 44
SECTION III -- PRODUCTS
1 On-Site Construction Chemicals Demand by Product, 2013 50
2 Protective Coatings and Sealers Demand by Type, 2013 62
3 Protective Coatings and Sealers Market Share
by Company, 2013 79
4 Caulks and Adhesives Demand by Type, 2013 83
5 Caulks and Adhesives Market Share by Company, 2013 94
6 Cement and Asphalt Additives Market Share
by Company, 2013 111
SECTION IV -- APPLICATIONS
1 On-Site Construction Chemicals Demand by Market, 2013 122
SECTION V -- INDUSTRY STRUCTURE
1 On-Site Construction Chemicals Market Share
by Company, 2013 167

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