The construction chemicals market is estimated to reach $33.98 billion in terms of volume by 2020, signifying a compound annual growth rate (CAGR) of more than 7.62% between 2015 and 2020, according to a new report from Markets and Markets.
The construction chemicals market reportedly registered a high growth in the past few years; this is estimated to continue in the coming years supported by growing construction industry in Asia-Pacific and rest-of-world regions. Construction chemicals demand depends on new construction and its maintenance and repair activities. The demand for these chemicals is mainly driven by growing requirements for housing and infrastructure. It is also influenced by consumer awareness, need for durable and aesthetic civil structure, and other benefits achieved in making construction structure more economical for contractors and other interest holders. Read more
Top 5 News that Sticks for November 16-22
1. Construction Chemicals Market to Grow 7% (#5 last week)