The Construction Megatrend:
According to the market research institute b + l Marktdaten GmbH, the global construction industry grew by 1.7 percent to USD 8.4 trillion in 2015 (2014: USD 8.3 trillion). Construction contracts in Europe stayed at a low level. In Western Europe, sales edged up 0.5 percent. In the German construction industry, sales reached USD 333.6 billion in real terms (2014: USD 329.3 billion). Eastern Europe saw a decline in construction contracts of 1.4 percent. China – at USD 1.8 trillion – remains the largest market worldwide. The North American real-estate market continued to stabilize in 2015. This spurred the construction industry, where volumes rose by 4.3 percent. Asia, on the other hand, saw an increase of just 1.5 percent as the real-estate crisis in China took its toll.
Over half of today’s construction activity is already accounted for by so-called developing regions. Globally, construction contributes about 7 to 9 percent to world GDP, which makes it a major sector in every economic region. By 2025, its share is expected to rise to over 13 percent. While China and India are the main growth engines in developing regions, Indonesia, Vietnam and the Philippines are also becoming attractive. In advanced economies, growth is focused on the USA, the world’s largest market after China. Residential construction will remain the largest construction market in the medium to long term, due to strong economic expansion, fast population growth and a marked urbanization trend. Increasing importance will be attached to sustainable construction and the development of environmentally compatible products and solutions.
With average growth rates of 8 percent, the construction-chemical segment plays a decisive and vital role within the construction industry. This segment enables the widespread mechanization of manual processes and the substitution of conventional construction materials with high-end ones. This significantly reduces the amount of materials and time needed and makes construction more economical, efficient and safer. Furthermore, it improves construction materials’ functionality, appearance and durability, helping to conserve energy.
WACKER offers its customers solutions and innovative specialty-chemical products (polymers & silicones) that are tailored to their respective markets. WACKER can benefit to an above-average extent from growth in numerous dynamic sectors, such as renovation, modernization, and thermal-insulation and sealing systems. The Group has additional opportunities in new construction and infrastructure measures.
WACKER provides customers with local advice and support, and develops solutions that are tailored to regional market needs and which are based on available raw materials, formulations, climate conditions, working methods and building materials. With its worldwide presence of production sites, global distribution network and regional technical-competence centers, WACKER is close to its customers and has native-speaker specialists who offer comprehensive expertise and tailored solutions.