Wacker Sets Up Technical Center and Subsidiary for Construction Chemicals in Colombia

United States: Wacker Chemie, a US-based provider of basic chemicals, has opened a new technical center and subsidiary for construction chemicals in Columbia. The new technical facility will function as a development and testing laboratory for dispersible polymer powders, which are required as binders in the construction industry. The new subsidiary is also representing company’s biotechnology and silicone divisions. The demand for chemical raw materials, especially the dispersible polymer powders, has boosted in the Latin America in the past few years owing to which company is working towards strengthening its presence in the region. The new technical center in Bogotá in Columbia, serves as a local research and development facility for polymer binders for construction applications. Company’s aim is to prepare formulations containing VINNAPAS® dispersible polymer powders, which are used in dry-mix mortars for tile adhesives in the construction sector.

TechSci Research depicts that establishment of testing laboratories and the new subsidiaries in the area of construction chemicals is one of the key drivers of construction chemicals industry globally. The advanced testing methods will work toward improving the product quality and new subsidiaries will thereby increase the production and sales of quality product in the regional markets.

According to TechSci Research report “GCC Construction Chemicals Market, By Type, By End User, Competition Forecast & Opportunities, 2011 – 2021”, construction chemicals market in the GCC region is projected to grow at a CAGR of over 7% during 2016 to 2021. Demand for construction chemicals, used in construction materials for speeding up construction activities or to improve the strength of existing structures, is expected to grow on account of rising investments in construction of residential complexes as well as commercial sector.