C&M: Global market for construction chemicals driven by increased demand from the APAC region
Global Construction Chemicals Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-20 15:10:03
The Global Construction Chemicals market is to grow at a CAGR of 8.31 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increased demand for construction chemicals from the APAC region. The Global Construction Chemicals market has also been witnessing the increased focus on R&D that has led to the emergence of new, high-performance construction chemicals products. However, the lack of uniform standardization of construction chemicals could pose a challenge to the growth of this market.
Since the Global Construction Chemicals market is highly competitive, manufacturers are providing innovative solutions and are exploring new application areas for their existing range of products to stay ahead of the competition. Moreover, growing environmental and health concerns have led vendors to focus on the development of low-toxicity paints, adhesives, sealants, and coatings. The market for construction chemicals is witnessing increased expenditure on the R&D of new products and services. More research is being undertaken on the development of protective coatings and sealants for use in the harsh environments of industrial and commercial settings.
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