Abstract
Demand for construction chemicals used in on-site applications is projected
to increase five percent per year to $7.5 billion in 2008. Cement additives and
sprayed polyurethane foam (SPF) are expected to continue to lead construction
chemical gains. These products constitute a growing niche in the construction
chemicals market, as increasing numbers of contractors and builders avail
themselves of the advantages offered by the developing technologies. Concrete is
being used more often in building design, even in residential building, which
has traditionally been limited to foundations and driveways.
Protective coatings to remain dominant
Protective coatings and sealers will remain the largest product type, but are
expected to register gains slightly below average due primarily to market
maturity and slower price increases. Additionally, demand for coatings and
sealers that are used primarily on wood (which has a greater presence in the
sluggish residential building) will be weak. However, coatings will register
stronger growth than in the previous fiveyear period, supported by a strong
upswing in nonresidential building activity, the largest outlet for coatings.
Caulks and adhesives, the second largest product type, are also relatively
mature. However, a shift toward higher value, better performing, and more
environmentally favorable products will help caulks keep pace with overall
construction spending growth.
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