Rapid Infrastructure and Construction Activities in Developing Regions to Lead the Global Construction Chemicals Market to Reach $34B by 2022
Industry Experts released the new global market research report on Construction Chemicals. The new report ‘ Construction Chemicals – A Global Market Overview ’ reveals that Asia-Pacific is estimated to be the largest market with an estimated US$10.9 billion in 2016 and also projected to be the fastest growing between 2016 and 2022 with a CAGR of 9.4% closely followed by South America with 7.2%. The growth of global construction chemicals demand has a direct correlation to the construction activities around the world. Developing regions in Asia-Pacific, Middle East and South America are expected to lead the growth of the construction chemicals market, globally. Global demand for construction chemicals has been witnessing above average growth in recent times, a trend that is likely to sustain at least over the medium term. As a rule, consumption of construction chemicals has a direct correlation with the level of ongoing construction activities around the globe. This further depends on