Construction Outlook in China

1
 Construction Outlook in China
2
Summary
US demand to rise nearly 8 annually through
2018 Demand for construction chemicals used in
on-site applications in the US is projected to
grow nearly eight percent per year through 2018.
Gains will be primarily driven by double-digit
increases in building construction expenditures,
supported by healthy economic growth and an
improved consumer financial outlook. Increased
economic activity and greater government
investment in the aging US infrastructure will
also support healthy consumption of construction
chemicals in nonbuilding applications. While
overall growth will be underpinned by the strong
increases in construction spending, the product
mix will also continue to shift as the market
adapts to environmental regulations and new, more
stringent building codes by turning to new,
higher value formulations and technologies.
W www.bharatbook.com , T  91 22 27810772,
27810773, E  info_at_bharatbook.com
3
Jump in new housing construction to drive
gains Following several years of recovery, a
fully healed US housing market -- aided in part
by healthy economic growth and a much improved
consumer financial outlook -- will lead to a jump
in new residential construction activity by 2018.
Consumer preference for greater numbers of
windows, larger kitchens, and for decks will
boost consumption of coatings and sealers, grouts
and mortars, and caulks and adhesives. Demand for
onsite construction chemicals in residential
improvement and repair applications will also
rise as more financially secure consumers
continue to invest in updating and maintaining
their homes. Nonresidential building construction
activity is also expected to increase rapidly
through 2018. Healthy economic growth will
support a rebound in both the industrial and
office and commercial sectors, with increased
construction of manufacturing plants, warehouses,
refineries, hotels, shopping malls, restaurants,
and retail stores all helping to drive
nonresidential construction chemical demand.
W www.bharatbook.com , T  91 22 27810772,
27810773, E  info_at_bharatbook.com
4
Caulks and adhesives will experience some of the
fastest growth, as will sprayed polyurethane
foams, which will benefit from tightening
building codes that require increased energy
efficiency. Greater economic activity will also
require increased investment in infrastructure,
both public and private, particularly for the US
aging transportation system. This will lead to
healthy growth in nonbuilding construction
chemical demand, especially for cement and
asphalt additives and coatings. Rising demand for
chemical additives and for coatings will also
result from the increasing use of new concrete
technologies that offer superior performance and
ease of placement, such as high-performance
concrete and self-consolidating concrete.
W www.bharatbook.com , T  91 22 27810772,
27810773, E  info_at_bharatbook.com
5
Higher value formulations to continue market
share gains Across the entire construction
chemicals market, higher value formulations will
continue to gain market share in many product
segments, due to both environmental and
performance issues. This is due in part to
volatile organic compound (VOC) regulations
enacted at both the federal and state levels. The
shift away from solvent-based formulations will
be furthered intensified by consumer preferences
for low odor and easy cleanup water-based
products. The transition toward better
performing, longer lasting products will boost
the value of the construction chemicals market in
the US going forward, though the decreased
replacement frequency and volume of chemicals
required will serve as a check on further growth.
W www.bharatbook.com , T  91 22 27810772,
27810773, E  info_at_bharatbook.com
6
Table of Contents
INTRODUCTION x I. EXECUTIVE SUMMARY II. MARKET
ENVIRONMENT General Economic Overview Recent
Economic Performance Economic Outlook Demographic
Overview Population Urbanization Households Indus
trialization Manufacturing Trends Gross Fixed
Capital Formation Trends Labor Force Employment
Patterns
W www.bharatbook.com , T  91 22 27810772,
27810773, E  info_at_bharatbook.com
7
To view the full Executive Summary and Table of
Contents, please visit Construction Outlook
in China Contact Us-Call India
91-22-27810772/73Email id info_at_bharatbook.com
Website www.bharatbook.com Our Blog
https//www.bharatbook.com/blog/
Follow Us On