Government expenditure and technological advancements are expected to drive demand in the South African construction chemicals market, according to a recent study by Frost & Sullivan.
The South African construction chemicals market can be described as mature and is expected to experience slow growth over the forecast period of the study. According to Frost & Sullivan the market is highly competitive with a number of well-established local and international participants.
This study examines drivers and restraints, market trends, demand and supply, and the effects of imports on domestic participants.
It analyses the flooring; waterproofing; and concrete protection, repair, and rehabilitation markets, from the period 2012 to 2019; with the base year as 2014.
Some of the key findings from the report include the following:
- The market is highly competitive, with a number of well-established local and international participants including Chryso South Africa, BASF South Africa, Sika South Africa, Grace Construction Chemicals, and Mapei SA.
- The market is price sensitive, which is expected to become more severe in the future.
- Technologically advanced construction chemicals are imported from Europe as this is where research and development (R&D) by large multinationals takes place. The growth in the public sector’s capital expenditure plan is likely to facilitate growth in the construction chemicals sector.
- Promoting products to architects/specifiers/engineers is considered key to ensure that products are considered in the selection process and can lead to repeat purchases as the market operates according to a “tried and tested” mentality.
- Cementitious flooring, resinous flooring, and acrylic waterproofing products are expected to present the most attractive compound annual growth rates (CAGRs) of %, %, and % respectively.
Download the full report here: https://www.reportbuyer.com/product/3095653/