Chemicals & Materials
The chemical and advanced materials are driving the applications of petrochemicals in the construction with added integrity and enhanced projections. The industry includes concrete admixtures, sealants, adhesives, coatings, insulation materials, and polymer composites. These materials are increasingly in demand as they extend the natural life of structures while reducing material waste. The different materials used are plasticizers or superplasticizers, accelerators, bonding agents, retarders, air-entraining agents, shrinkage reducers, and so on. The polymer material is contributing majorly to the sector’s growth as it enables light-weighting of building structures and components with high strength ratio and low density. The companies are shaping the ecosystem by collaborating in a more synchronized manner with their customers, to understand their requirements at a deeper level. Most of the companies have started to attract investments, adopt digital technologies, and enhance the existing product portfolios.