Page 36 - CONSTRUCTION VISION July August 2017 issue
P. 36

CONSTRUCTION CHEMICAL COMPANIES ON RISE












               onstruction Chemicals Market is   huge number of infrastructure projects   competition is rising high every moment.
               expected to reach $40,154 million   undertaken. As every construction company   Several projects are being introduced in the
        Cby 2022, supported by a CAGR of     needs concrete admixture. It is an ingredient   country in different sectors like power,
        5.6% during the forecast period 2016     that is added to the blend either before or   housing and in transportation. Foreign
        2022. Construction chemicals are specialty   during the time to transform concrete   companies are also investing with the
        products that are crucial for sustainable   properties. Admixture is used in order to   construction chemical companies in India
        infrastructure and energy conservation in   modify the properties of new and toughened   that are helping to increase the foreign
        construction industry to increase durability of   concrete.               money in India.
        buildings, and to provide added fortification
        from environmental hazards.          A mineral admixture is used to increase the   Construction chemical companies in India
                                             workability of brand new concrete. It also   are also working hard to spread awareness
        Infrastructure is the most attractive segment   helps to perfect the resistance level of   about the benefits of using construction
        in the world construction chemicals market. It   concrete from thermal cracking, sulphate   chemicals. With the help of advance
        would be the first preference for new   attack and the likes. Fly ash, silica fume and   technology construction chemical companies
        entrants due to surge in population and   ground granulated blast furnace slag are   in India are spreading their presence and
        urbanization that drives the need for   different mineral admixtures.     quality work worldwide.
        sustainable infrastructure and environmental
        friendly products. Chemical products such as   In order to lessen water content or cement   The key players in the world construction
        concrete admixtures similarly help in   content and for the entertainment of air,   chemicals market are adopting different key
        minimizing the quantities of cement and   construction companies make use of   business strategies such as acquisition,
        water generally required during the   chemical admixture. There are seven types   expansion, and product launch to withstand
        construction.                        of admixtures that are used by construction   in the global competitive market.
                                             companies.
        The global construction chemicals market is                               The market players in construction chemical
        segmented based on type as concrete   With the rapid growth of construction industry   manufacturers include BASF SE, Arkema
        admixtures, waterproofing & roofing, repair,   in India, construction chemical companies in   SA, Ashland Inc., Fosroc International
        flooring, sealants & adhesives, and others.  India have also been developed to a great   Limited, Mapie S.p.A, Pidilite Industries,
                                             extent. The last decade has seen a   RPM International Inc., Sika AG, The Dow
        The Asia-Pacific region has the highest   tremendous growth in the construction   Chemical Company and W.R. Grace &
        consumption rate for admixtures owing to the   chemical companies in India. The   Company.


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