China Construction Chemicals Market to Grow 6%
The construction chemicals market in China is forecast to grow at a compound annual growth rate (CAGR) of over 6% during 2015-20, according to a new report from Research and Markets.
Growth in the market is anticipated due to increasing awareness of quality construction, rising purchasing power of consumers, renovation of existing infrastructure, and stringent regulations on construction activities by the country's Ministry of Environmental Protection.
Segment-wise, concrete admixtures reportedly dominated the country's construction chemicals market in 2014 on account of various add-on features they offer to enhance workability, strength, and physical and chemical properties of concrete.
Regionally speaking, East China dominates the construction chemicals market in China, due to the presence of large urban centers such as Shanghai, Jiangsu and Fujian. Moreover, both ongoing and planned government projects for construction of subways, power plants and buildings in different cities of this region are expected to continue boosting the construction chemicals market in this region over the next five years
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