The Market for Construction Chemicals in the US by Product: Forecast to 2022 - Protective Coatings & Sealers to Remain the Largest Product Type through 2022 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 24, 2018--The “Construction Chemicals in the US by Product and Market, 7th Edition” report has been added to ResearchAndMarkets.com’s offering.
This industry study presents historical demand data (2007, 2012, and 2017) and forecasts for 2022 by product, including protective coatings and sealers, caulks and adhesives, cement additives, grouts and mortars, polymer flooring, asphalt additives, sprayed polyurethane foam, and other construction chemicals.
The study also evaluates the US construction chemicals market by segment (residential building construction, nonresidential building construction, and nonbuilding construction) and activity (new construction, improvement and repair).
Healthy Expansion in Nonresidential Building Activity to Drive Demand for Construction Chemicals
Growth will be fueled by gains in construction spending, in particular for transportation, utilities, and institutional applications.
Protective Coatings and Sealers to Remain the Largest Product Type Through 2022
Protective coatings and sealers are expected to remain the largest market for construction chemicals, supported by their widespread use across a variety of applications. The continued shift to water-based coatings will further support growth, as concerns regarding the environmental and health impact of potentially dangerous chemicals persist.
Caulks and Adhesives Will Offer the Best Opportunities
Caulks and adhesives will provide robust opportunities through 2022, boosted by gains in residential construction and routine maintenance of the residential housing stock in the US, which has a median age of 40 years. Cement additives are expected to see the fastest growth among construction chemicals through 2022. An acceleration in spending on new roads and bridges, as well as maintenance of the country’s aging transportation infrastructure, will help drive demand.
Nonbuilding Construction to Post the Largest Gains in Demand
The nonbuilding construction segment is forecast to remain the largest market segment through 2022, with demand buoyed by the needs of the extensive transportation network in the US. An increase in healthcare facility construction to care for an aging US population will help drive demand for construction chemicals, too. Residential construction will benefit from consumer preferences for a large number of windows and bathrooms.
For more information about this report visit https://www.researchandmarkets.com/research/d3ph5k/the_market_for?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180724005575/en/
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Related Topics:Construction Adhesives
KEYWORD: UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 07/24/2018 09:48 AM/DISC: 07/24/2018 09:48 AM