Rebounding Construction Market To Aid Chemical Producers

Jan. 13, 2005
A recent report predicts that demand for construction chemicals used in on-site applications will increase 4.6% per year to $6.4 billion in 2006. The trend is discussed in a new study, Construction Chemicals, from The Freedonia Group Inc., a ...

A recent report predicts that demand for construction chemicals used in on-site applications will increase 4.6% per year to $6.4 billion in 2006. The trend is discussed in a new study, Construction Chemicals, from The Freedonia Group Inc., a Cleveland-based industrial research firm. The researchers say that although overall construction-spending growth is expected to decelerate compared with the previous five-year period, chemical demand is forecast to grow more rapidly due in large part to a recovery in industrial construction, the largest chemical-consuming sector of construction. Protective coatings and sealers will remain the largest product type, but are expected to gain below-average growth (3.3%) due to market maturity. By contrast, cement and asphalt additives are expected to register the strongest gains (5.4%), as are caulks and adhesives (6.4%). Growth for construction chemicals used in repairs and improvements is expected to be faster than for those used in new construction. In the residential market, repair and improvement spending is expected to pick up compared with the previous five-year period. The cost for the full study is $3,800.

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!