Bharatbook.com added a new report on "Construction Chemicals" into its market report catalogue for reselling.
Online PR News – 23-January-2010 – – Construction Chemicals
US demand to increase 3.5% annually through 2013
Demand for on-site construction chemicals is forecast to increase 3.5 percent per year to $9.2 billion in 2013. A rebound in the housing market will promote growth, as the residential segment is a significant outlet for components that utilize on-site construction chemicals. Demand will also benefit from a shift in product mix to higher value items and solid levels of residential repair and improvement spending. Further gains will be limited by a significant deceleration (and in some cases, outright declines) in nonresidential building activity, particularly in key construction chemical consuming segments, such as industrial and commercial buildings. ( http://www.bharatbook.com/detail.asp?id=129887&rt=Construction-Chemicals.html )
Higher value formulations will continue to gain market share in many product segments, primarily due to environmental and performance issues. For example, concerns over the release of volatile organic compounds during the coating process have initiated a gradual switch to more environmentally friendly formulations, such as water-based coatings and sealers. In addition, many construction chemical suppliers are addressing demand for “green” materials by using more non-petroleum-based raw materials.
Caulks, adhesives to benefit from new housing rebound
Protective coatings and sealers, and caulks and adhesives will remain the largest product types. The coatings and sealers product category will register below-average gains, primarily due to a sharp deceleration in nonresidential building construction. The nonresidential building segment is very important for protective coatings and sealers due to the harsh environments of industrial facilities and commercial settings, key outlets for these products. In comparison, the residential building segment is of greater importance to caulks and adhesives. As such, demand for caulks and adhesives will benefit from a rebound in the new housing market, as well as steady remodeling and repair activity.
Residential market to offer best growth opportunities
The residential building market will offer the strongest opportunities for growth. Gains will be promoted as new residential construction expenditures come off of a depressed 2008 base and new singlefamily homes built through 2013 experience a rebound. In addition, new homes are more likely to include amenities, such as multiple bathrooms, a greater number of windows, larger kitchens and decks, which will create greater requirements for various on-site construction chemicals such as coatings and sealers, grouts and mortars, and caulks and adhesives. Repair and maintenance applications will also provide opportunities, supported by favorable growth in residential improvement and repair spending, as well as the gradual aging of the housing stock and the fact many homeowners enjoy remodeling older homes.
Growth in the nonresidential building market will be sluggish, a sharp deceleration from gains experienced between 2003 and 2008. Demand gains through 2013 will be checked by declining construction spending in the industrial, and lodging and commercial sectors, and by below-average spending in the office sector. Slightly offsetting this sluggishnessis rising construction spending in the institutional sector, as more hospitals, nursing homes, schools and university dormitories are built. In the nonbuilding market, gains will be driven by the use of better performing materials in road and bridge construction, often achieved by the use of cement and asphalt additives.
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