Cement is a binding agent and a key ingredient in concrete and mortar, which is mainly used in construction industry. The demand for cement is strongly correlated to the rate of economic development. Cement manufacturing is the third largest energy consuming and CO2 emitting sector.
The global construction industry is steadily recovering and rising income level is motivating people across the world to invest in luxurious apartments. Facilities available in residential complexes such as swimming pool, club house, gyms etc are influencing buyers’ decision during purchase of new home.
Panelized modular building systems have emerged as a potential catalyst in enhancing productivity, certainty in delivery, skills and data transparency of any construction project. Panelized modular building system refers to structural components of building structures such as roof trusses, wall frames, wood kits, floor, stairs and others which are manufactured and delivered to the site where it is to be assembled as stick build homes.
Putty is filler material which is analogous in texture to dough or clay and possess with high plasticity. The unique function of putty fillers is to repair and fill cracks to make them smooth and aesthetically correct after sanding.
The mounting focus on environmental sustainability has influenced the use of white cement across the globe. The growing use of white cement due to its heat-reflecting properties and beautiful appearance of artwork are driving the global white cement market in recent years. Moreover, white cement is currently an ideal choice for architectural works due to freedom of choice of colors, textures, shapes, sizes, and patterns to accommodate a multitude of applications that takes their artistic expression to a higher level.
Globally, the ready-to-move-in homes market is expected to grow with a CAGR of 7.0% during the forecast period from 2019 to 2027. Ready to move in homes provide residents with a benefit of staying away from the hassle of setting the house and spending time in waiting to get the possession of their new home. These houses meet all the basic requirements of residents including operable plumbing, structural stability, electricity, and many other amenities. Furthermore, these houses are available in a way that they do not require any structural renovations or changes to make it more functional and habitable.
Globally, the bridge expansion joints market is expected to grow with a CAGR of more than 5.9% during the forecast period from 2019 to 2027, starting from US$856.5 Mn in 2018. Bridge expansion joints are also called as movement joint that allows the bridges to contract and expand with respect to the environmental conditions such as changing temperature. Globally, there is rapid development in the construction industry. This is primarily driving the demand for bridge expansion joints.
The global construction adhesive market has been expected to grow at the CAGR of 5.13 % during 2016-2022. The market has been anticipated to reach up to $12 billion in 2022. The global construction adhesives market owed to their chemical stability, temperature stability, excellent bond strength, and weather resistant properties, is becoming an essential part of several industrial and commercial sectors. This market is boosted by a several factors, such as ease of application and enhanced safety provided by construction adhesives and growing demand from gazes and panels in high rise buildings helped to fuel the market.At the same time, there are some restraints prevailing in the market, such as stringent environmental regulations regarding emissions of VOC and established infrastructure in the developed countries such as Europe and North America.
The global FRP panels and sheets market is expected to grow at the CAGR of 6.82% during 2015-2022. The major factors that are raising up the market is construction industry as its light in weight, flexible, corrosion resistive. Apart from construction industry, the FRP panels and sheets are also used in aerospace, transportation, and others sectors.In aerospace sector, the FRP material is used to produce passenger aircraft structure to reduce the vibrations from within;in transportation, this material is used to make car’s and truck’s outer body structure to make it lighter and flexible to use; other industries include oil and gas industry, defense and so on.
The global geosynthetics marketis expected to grow at the CAGR of 10.98% during 2015-2022 is valued at approx $1.70 billion in 2014 expected to reach $15.40 billion by 2022. The major factors driving the market are environment protection regulationsand infrastructure growth across globe driven by government policies. Geosynthetics are versatile and highly durable material and its cost effectiveness serves as a factor of growth in market. The major driver of market is the large capital projects undertaken by the government bodies to improve civil facilities.
The technical and advanced structural ceramic material has certain unique properties such as ability to perform better than the alternatives in harsh physical conditions, and this is leading to the rise of the products demand in various end user segments. Other factors acting as the driver for the market are application in wide number of end user segments such as healthcare, automotive etc.