Construction Chemicals to 2008

TABLE OF CONTENTS

INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT

General

Macroeconomic Outlook

Demographic Trends

Construction Overview

Building Construction Trends

Residential Construction

Nonresidential Construction

Nonresidential Building Stock

Nonbuilding Construction Trends

Historical Market Trends

Environmental & Regulatory Issues

International Activity & Foreign Trade

III. PRODUCTS

General

Protective Coatings & Sealers

Functions

Waterproofing

Rustproofing

Other

Types

Urethane

Acrylic

Epoxy

Silicone

Bituminous

Other

Substrates

Masonry

Wood

Metal & Other

Caulks & Adhesives

Functions

Types

Polyurethane

Elastomeric

Silicone

Epoxy

Acrylic

Other

Cement & Asphalt Additives

Cement Additives

Asphalt Additives

Grouts & Mortars

Polymer Flooring

Sprayed Polyurethane Foam

Other

IV. APPLICATIONS

General

Nonresidential Building

Industrial

Office & Commercial

Other

New Construction

Improvements & Repairs

Residential Building

Exterior

Decks & Porches

Roofs

Driveways & Sidewalks

Other

Interior

Floors

Other

New Construction

Improvements & Repairs

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Nonbuilding

Roads & Bridges

Other Nonbuilding

New Construction

Improvements & Repairs

V. INDUSTRY STRUCTURE

General

Market Share

RPM

Degussa

Sherwin-Williams

General Electric

WR Grace

Others

Industry Restructuring

Competitive Strategies

Marketing & Distribution

Company Profiles

Akzo Nobel NV

Ameron International Corporation

Ardex GmbH

Atofina SA, see Total SA

AXIM Concrete Technologies, see Italcementi

BASF AG

Bayer AG

Bondmaster, see Imperial Chemical Industries

Bondo, see RPM International

Boral Limited

Borden Chemical Incorporated

Bostik Findley, see Total

Carboline, see RPM International

Casco Adhesives, see Akzo Nobel

Chemical Coatings, see RPM International

Chemprobe Coating Systems, see Tnemec Company

ChemRex, see Degussa

DAP Products, see RPM International

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Degussa AG

Dow Corning Corporation

Dryvit Systems, see RPM International

DuPont (EI) de Nemours

Elmers Products Incorporated

Elotex, see Imperial Chemical Industries

ESSROC, see Italcementi

Euclid Chemical, see RPM International

Expancel, see Akzo Nobel

Foam Enterprises, see BASF

Foster Specialty Construction Brands, see Fuller (HB)

Franklin International Incorporated

Fuller (HB) Company

Futura Coatings, see Illinois Tool Works

Gardner Asphalt Company

GE Silicones, see General Electric

General Electric Company

Grace (WR) & Company

Henkel KGaA

Henry (WW), see Ardex

Henry Company

Illinois Tool Works Incorporated

Imperial Chemical Industries plc

International Coatings, see Akzo Nobel

International Paint, see Akzo Nobel

Italcementi SpA

ITW Performance Polymers, see Illinois Tool Works

Jones-Blair Company

Lafarge SA

Lanxess, see Bayer

Macco Adhesives, see Imperial Chemical Industries

Master Builders, see Degussa

National Starch & Chemical, see Imperial Chemical Industries

Neogard, see Jones-Blair

OSI Sealants, see Sovereign Specialty Chemicals

OSi Specialties, see General Electric

PPG Industries Incorporated

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Professional Paint (PPI), see Jones-Blair

Purbond, see Imperial Chemical Industries

Republic Powdered Metals, see RPM International

Rhodia SA

Rockwood Specialties Group Incorporated

RPM International Incorporated

Rust-Oleum, see RPM International

Selby/Ucrete Industrial Flooring, see Degussa

Sherwin-Williams Company

Sika AG

Simcala, see Dow Corning

Southeastern Adhesives, see Borden Chemical

Sovereign Specialty Chemicals Incorporated

Southern Color, see Rockwood Specialties Group

StonCor Group, see RPM International

Stonhard, see RPM International

TEC Specialty Products, see Fuller (HB)

3M Company

Tnemec Company Incorporated

Total SA

Tremco, see RPM International

Wacker-Chemie GmbH

Watson Bowman Acme, see Degussa

Wolff Walsrode, see Bayer

Zinsser, see RPM International

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table

SECTION II -- MARKET ENVIRONMENT

1 Macroeconomic Indicators

2 Population & Households

3 Construction Expenditures

4 Building Construction Expenditures

5 Residential Building Expenditures

6 Housing Starts & Average Area

7 Residential Improvement & Repair Expenditures

8 Nonresidential Building Expenditures

9 Nonresidential Improvement & Repair Expenditures

10 Nonresidential Building Stock

11 Nonbuilding Construction Expenditures by Segment & Application

12 Construction Chemical Market Trends, 1993-2003

SECTION III -- PRODUCTS

1 Construction Chemical Demand in On-Site Applications by Type

2 Protective Coating & Sealer Demand in On-Site Construction by Application & Market

3 Protective Coating & Sealer Demand by Function

4 Waterproofing Coating & Sealer Demand

5 Rustproofing Coating & Sealer Demand

6 Coating & Sealer Demand in Other Functions

7 Protective Coating & Sealer Demand in On-Site Construction by Type

8 Urethane Coating & Sealer Demand in On-Site Construction

9 Acrylic Coating & Sealer Demand in On-Site Construction

10 Epoxy Coating & Sealer Demand in On-Site Construction

11 Silicone Coating & Sealer Demand in On-Site Construction

12 Bituminous Coating & Sealer Demand in On-Site Construction

13 Other Protective Coating & Sealer Demand in On-Site Construction

14 Protective Coating & Sealer Demand in On-Site Construction by Substrate

15 Masonry Coating & Sealer Demand in On-Site Construction

16 Wood Coating & Sealer Demand in On-Site Construction

17 Metal & Other Substrates Coating & Sealer Demand in On-Site Construction

18 Caulk & Adhesive Demand in On-Site Construction by Market & Application

19 Caulk & Adhesive Demand in On-Site Construction by Function

20 Caulk & Adhesive Demand in On-Site Construction by Type

21 Polyurethane Caulk & Adhesive Demand in On-Site Construction

22 Elastomeric Caulk & Adhesive Demand in On-Site Construction

23 Silicone Caulk Demand in On-Site Construction

24 Epoxy Caulk & Adhesive Demand in On-Site Construction

25 Acrylic Caulk & Adhesive Demand in On-Site Construction

26 Other Caulk & Adhesive Demand in On-Site Construction

27 Cement & Asphalt Additive Demand in On-Site Construction by Application, Market & Type

28 Cement Additive Demand in On-Site Construction by Market

29 Asphalt Additive Demand in On-Site Construction by Market 101

30 Grout & Mortar Demand in On-Site Construction by Type, Market & Application 104

31 Polymer Flooring Demand by Application 106

32 Sprayed Polyurethane Foam Demand by Application 108

33 Other On-Site Construction Chemical Demand by Market & Application 110

SECTION IV -- APPLICATIONS

1 Construction Chemical Demand by Market & Application 112

2 Nonresidential Building: Construction Chemical Demand by Segment & Application 115

3 Industrial Building: Construction Chemical Demand by Type 119

4 Office & Commercial Building: Construction Chemical Demand by Type 122

5 Other Nonresidential Building: Construction Chemical Demand by Type 124

6 New Nonresidential Building: Construction Chemical Demand by Type 126

7 Nonresidential Improvements & Repair: Construction Chemical Demand by Type 128

8 Residential Building: Construction Chemical Demand by Location & Application

9 Exterior Residential Building: Construction Chemical Demand

10 Residential Decks & Porches: Construction Chemical Demand by Type

11 Residential Roofs: Construction Chemical Demand by Type

12 Residential Driveways & Sidewalks: Construction Chemical Demand by Type

13 Other Exterior Residential Building: Construction Chemical Demand by Type

14 Interior Residential Building: Construction Chemical Demand

15 Residential Floors: Construction Chemical Demand by Type

16 Other Interior Residential: Construction Chemical Demand by Type

17 New Residential Building: Construction Chemical Demand by Type

18 Residential Improvement & Repairs: Construction Chemical Demand by Type

19 Nonbuilding: Construction Chemical Demand by Segment & Application

20 Roads & Bridges: Construction Chemical Demand by Type

21 Other Nonbuilding: Construction Chemical Demand by Type

22 New Nonbuilding: Construction Chemical Demand by Type

23 Nonbuilding Improvements & Repairs: Construction Chemical Demand by Type

SECTION V -- INDUSTRY STRUCTURE

1 US Construction Chemical Sales by Company, 2003

2 Selected Acquisitions & Divestitures

3 Selected Cooperative Agreements

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

1 Year of Construction of Housing Stock, 2003

2 Construction Chemical Market, 1993-2003

SECTION III -- PRODUCTS

1 Construction Chemical Demand by Type, 2003

2 Protective Coating & Sealer Demand by Function, 2003

3 Protective Coating & Sealer Demand in On-Site Construction by Type, 2003

4 Protective Coating & Sealer Market Share by Type, 1993-

5 Protective Coating & Sealer Demand in On-Site Construction by Substrate, 2003

6 Masonry Coating & Sealer Market Volatility, 1993-2013

7 Caulk & Adhesive New Construction Market Volatility, 1993-2013

8 Caulk & Adhesive Demand in On-Site Construction by Function & Type, 2003

SECTION IV -- APPLICATIONS

1 Construction Chemical Demand by Market, 2003

2 Nonresidential Market for Construction Chemicals by Segment, 2003

3 Nonresidential Construction Chemical Demand by Type & Segment, 2003

4 Residential Construction Chemical Demand by Type & Applications, 2003

SECTION V -- INDUSTRY STRUCTURE

1 Construction Chemical Market Share, 2003