Report ID: UCMIG15A2128
Report ID:
UCMIG15A2128 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global construction additives market was estimated to be worth USD 17.96 billion in 2016. Construction additives are gaining increased significance due to the recovery of the construction industry after the economic crisis in 2008. The market is also driven by the growing number of commercial and residential construction projects, particularly in developing countries like China and India, which are experiencing rapid urbanization. Furthermore, there is a growing awareness among builders, architects, and other stakeholders in the construction industry about the advantages of using additives, which is expected to propel the market growth in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Commodity Chemicals by segment aggregation, the contribution of the Commodity Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15A2128