This report focuses on liquid, spray, foam, mastic and powdered chemical products used by tradesmen, sub-contractors and homeowners. Also included are concrete and mortar additives that are used in both factory production and in the on-site production of concrete products and mortars. Product sectors covered in this report include; adhesives; sealants, caulks & putties; fillers; concrete & mortar admixtures; protective coatings and resin flooring systems. Adhesives constitute the largest product group.
Annual growth rates vary between some of the product sub-sectors, due to differing trends within key end user markets, but overall growth has been slow and steady in this market over the past five years or so. Despite the outcome of the vote to leave the EU, there have been steadily growing levels of home improvement and housebuilding output, leading to greater usage of sealants and adhesives, with bright prospects also in the infrastructure sector.
The key manufacturers and suppliers are mainly subsidiaries or divisions of trans-national chemical product manufacturers. These typically have extensive product ranges for applications other than construction, that will often include manufacturing, offshore and transport.
Medium term growth prospects for the overall market appear steady but modest, particularly for products mostly supplied to the home improvement and trade sectors for use on residential RMI and refurbishment. There is likely to be a period of significant uncertainty over the next 2-3 years as the formal EU departure looms closer and the UK has to renegotiate trade deals. Risks also include changes to legislation affecting the construction chemicals market.