Demand for construction chemicals in China to reach 53.5 billion yuan in 2009
These and other trends are presented in Construction Chemicals in China, a new study from The Freedonia Group Inc., a Cleveland-based industry research firm. Coatings and sealers will continue to be the dominant product group, comprising over 55% of total market value in 2009. Demand for coatings will be driven by the increasing use of decorative products in the residential sector for both interior and exterior applications, the need for protective coatings in harsh industrial environments, and the increasing consumption of higher-value formulations. Rising personal incomes and housing privatization will support demand for caulks and adhesives as new builds contain more showers, sinks and windows. The consumption of cement and asphalt additives will be driven by the ongoing development of China's highway system and the pervasive use of cement as a building material. Polymer flooring will benefit from its emerging use in the industrial sector. Slower gains are expected for grouts and mortars, which will be moderately restrained by the government's ban on using clay bricks in urban construction.