The global epoxy putty & construction chemicals market size is expected to witness potential gains in the future and register a significant CAGR over the forecast period (2019 - 2027).
Epoxy putty is a room-temperature hardening substance used as a space-filling adhesive. It is a thermosetting copolymer formed from reaction of an epoxide resin with polyamine hardener. Construction chemicals are used with cement, concrete or other construction materials during construction to hold the construction material together. Construction chemicals include concrete chemicals, bonding agents, concrete coatings, concrete repair chemicals, curing and sealing compounds, dry shake floor hardeners, and water proofing chemicals.
Epoxy putty finds application in paints and coatings, adhesives, industrial tooling and composites, and electrical systems and electronics. It is used on a wide range of metal surfaces such as brass, aluminum, stainless steel, iron, silver, gold, copper, bronze, and chromium. It can also be applied on fiberglass, wood, PVC, concrete, glass, and ceramic tiles. Construction chemicals are majorly used in the building and construction industry to achieve various important qualities such as workability, and durability of projects. Therefore, growing demand for epoxy putty and construction chemicals from end-use industries is expected to boost growth of the global epoxy putty and construction chemicals market over the forecast period.
Increasing construction activities in the residential sector is expected to lead to high demand for epoxy putty and construction chemicals, which in turn is also expected to boost the market growth.
On the basis of region, the global epoxy putty and construction chemicals market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Asia Pacific epoxy putty and construction chemicals market is expected to hold dominant position in the market, owing to increasing number of construction activities in the private as well as government sector. The market is also expected to witness the fastest growth in terms of revenue. The market in Middle East is expected to witness significant market share, owing to rapid infrastructure development. The market in Latin America is mainly driven by increasing number of sports events that promote infrastructure development.
Key players operating in the global epoxy putty and construction chemicals market include, 3M Company, Adco Inc., Akzonobel N.V., Albemarle Corporation, Arkema S.A., Bolton Group, BASF SE, Ashland Inc., Pidilite Industries Ltd., Bostik Inc., Cementaid (N.S.W.) Pty. Ltd., Chryso S.A.S. and Cico Technologies Ltd.
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