Press Release Summary = Chinese construction sector holds vast opportunities for construction chemicals
Home to the most rapidly growing major construction sector in the world, China has become a booming market for construction chemicals, with demand more than quadrupling since 1994 to reach nearly 31 billion yuan ($3.7 billion) in 2004.
Press Release Body = Construction Chemicals in China
Chinese construction sector holds vast opportunities for construction chemicals
Home to the most rapidly growing major construction sector in the world, China has become a booming market for construction chemicals, with demand more than quadrupling since 1994 to reach nearly 31 billion yuan ($3.7 billion) in 2004. Although growth rates will moderate as China's economy slows to a more sustainable level, continued double digit advances will maintain strongly increasing annual value gains through 2014.
Freedonia's study, \"Construction Chemicals in China\", provides a comprehensive overview of the emerging opportunities available to chemical companies in China's surging construction sector. In this study, key industry data is presented on a historical basis (1994, 1999, 2004), along with demand forecasts to 2009 and 2014 by product type, major market and Chinese geographic region. In addition to an examination of China's construction industry, Freedonia also presents a detailed analysis of China's competitive construction chemicals industry, narrating competitive strategies, merger and acquisition activities, and marketing efforts, along with providing market share information and profiles of over 25 domestic and international companies. Additional Information
Coatings to lead widespread chemical gains
Amidst robust demand increases for all of the major construction chemicals, the dominant coatings and sealers market will advance the most rapidly. Chemical consumption is trending toward the use of higher quality products as building and infrastructure longevity becomes more important and construction techniques advance to meet the needs of increasingly complex projects.
Nonbuilding market to post strongest gains
Benefitting from the continued expansion of government-funded infrastructure construction projects, construction chemical demand in the nonbuilding sector will lead market gains through 2009. China is undertaking a massive extension of its transportation infrastructure to accommodate what is the fastest growing major motor vehicle market in the world, while simultaneously undertaking a wide ranging effort to meet the country's surging demand for electricity. The larger residential and nonresidential building markets will undergo exceptional gains as well, bolstered by the continued privatization of home ownership, growing manufacturing output and the ongoing replacement of poorly constructed older buildings.
Coastal regions continue to dominate demand
Despite the central government's efforts to expand economic development in the poorer western regions of China, these areas will continue to account for a small portion of the overall construction chemical market through 2009. Demand will remain concentrated in the more populous and affluent coastal regions, most notably in the prosperous Central-East region. Distinct differences in regional construction activity have a substantial effect on the construction chemicals market; for example, the widespread construction of skyscrapers in the Eastern areas has boosted regional demand for the cement additives necessary to meet more stringent building requirements
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2022
