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Construction Chemicals Market To Top A Valuation Of USD 68.49 billion by 2029| Growth, Trends and Industry Forecast
August 05, 2022 at 07:21 AM EDT
Construction Chemicals Market
Construction chemicals are specialty goods that are essential for long-term infrastructure and energy conservation in the construction sector.
DUBAI, UNITED ARAB EMIRATES, August 5, 2022 /EINPresswire.com/ -- Market DefinitionConstruction chemicals are specialty goods that are essential for long-term infrastructure and energy conservation in the construction sector, as well as for increasing building durability and protecting against environmental dangers. In the global construction chemicals market, infrastructure is the most appealing area. Concrete admixtures and other chemical products can also help to reduce the amount of cement and water required during construction.
The construction chemicals market was valued at USD 36.73 billion in 2021 and is expected to reach USD 68.49 billion by 2029, registering a CAGR of 8.10% during the forecast period of 2022-2029. The "concrete admixtures" accounts for the largest product segment in the construction chemicals market as they are used during the first stage of construction. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Over the forecasted period, construction chemicals are estimated to have significant demand owing to the booming construction activities and high urbanization across the globe. Additionally, the BRICS countries' booming construction industries, driven by China and India, will have a significant impact on the global construction chemicals market. These mentioned growth determinants are anticipated to further aid the overall growth of the market.
Construction chemicals Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
High Requirement
The construction chemicals industry is growing due to an increase in the demand for premix admixtures before they are used in construction. Furthermore, the increased need for high-quality building chemicals has resulted from decreased infrastructure durability due to heavier downpours and wetter winters.
Rapid Urbanization
The unending rate of urbanization necessitates infrastructure development at the same rate, and the construction chemicals market is being throttled rapidly as a result of this general boost in the construction sector.
The increasing awareness about the advantages of using these construction chemicals, which basically improve the properties of construction such as compressive durability, strength, and resistance to undesirable working conditions will further propel the growth rate of the construction chemicals market. The growing rate of middle-class residential housing is also projected to bolster the growth of the market.
Opportunities
High Investments and Eco-Friendly Chemicals
Furthermore, the growing emphasis of governments on green building standards and eco-friendly chemicals extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the heavy investments by established market players in eco-binders and silicate binder systems are also anticipated to further expand the future growth of the construction chemicals market.
Competitive Landscape and Construction chemicals Market Share Analysis
The construction chemicals market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the construction chemicals market.
Some of the major players operating in the construction chemicals market are
BASF SE (Germany)
M&I Materials Limited (U.K)
Dupont (U.S.)
SOLVAY (Belgium)
W. R. Grace & Co.-Conn. (U.S.)
Setral Chemie GmbH (Germany)
GCP Applied Technologies Inc. (U.S.)
RPM International (U.S.)
Sika India Pvt. Ltd., (Switzerland)
Fosroc Inc., (U.K.)
Dow (U.S.)
Arkem S.A. (France)
Ashland Inc (U.S.), Mapei S.p.A (Italy)
MUHU (China) Construction Materials Co., Ltd., (China)
Holcim (Switzerland)
CHRYSO GROUP (France)
GCP Applied Technologies Inc. (U.S.)
Pidilite Industries Ltd., (India)
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Restraints/Challenges Global Construction Chemicals Market
Regulatory Policies Associated with Emissions
The surging environmental regulatory policies regarding volatile organic compounds (VOC) emissions are expected to hinder the growth of the construction chemicals market.
Fluctuations in Prices and Rates
The factors such as volatility of cost in energy and raw materials along with the fluctuating economic rate are estimated to prove to be a demerit for the construction chemicals market. Therefore, this factor will obstruct the construction chemicals market growth rate.
Furthermore, the uncertainty in the change of government rules and regulations which prolongs the determined time of the project execution is projected to challenge the market growth.
This construction chemicals market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the construction chemicals market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Construction Chemicals Market
The emergence of coronavirus had a negative impact on the construction chemicals market. The severe disruptions in various manufacturing, as well as construction operations due to the various precautionary lockdowns imposed by governments to curb the spread of disease, led to huge financial setbacks for the market. The construction work came to a halt all around the world, particularly in major construction hubs like China, India, the United States, and European countries. For instance, owing to the coronavirus outbreak and slower economic growth in South Korea, the construction industry is expected to decrease by around 3% in 2020. Following the lockdown and restoration of corporate activities, the market may see a loss of investment plans and the cancellation of planned projects, hurting building and construction across the region. These aforementioned determinants will weigh on the market's revenue trajectory over the forecast period.
Recent Development
In June 2021, RPM International Inc. announced the acquisition of Dudick Inc. by its Carboline subsidiary. Dudick is a manufacturer of high-performance coatings, flooring systems, and tank linings based in Streetsboro, Ohio, with annual net sales of around USD 10 million. The transaction's terms were not made public.
Global Construction chemicals Market Scope
The construction chemicals market is segmented on the basis of product and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
Concrete Admixture
Surface Treatment
Repair and Rehabilitation
Protective Coatings
Industrial Flooring
Waterproofing, Adhesives
Sealants
Grout and Anchor
Cement Grinding Aids
The construction chemicals market has also been segmented on the basis of product into concrete admixture, surface treatment, repair and rehabilitation, protective coatings, industrial flooring, waterproofing, adhesives, sealants, grout and anchor, and cement grinding aids. Concrete admixtures are further segmented into chemical and mineral admixtures. The chemical admixtures consist of normal plasticizers, superplasticizers, accelerating agents, retarding agents, air-entraining agents, and waterproofing admixtures. Mineral concrete admixtures further include rice husk ash, fly ash, granulated blast furnace slag, and silica fume. The concrete admixtures segment is anticipated to have the largest share in the market as they are used during the first stage of construction.
End User
Commercial
Industrial
Infrastructure
Residential
Public Space
On the basis of end-user, the construction chemicals market is segmented into commercial, industrial, infrastructure, residential, and public spaces.
Construction chemicals Market Regional Analysis/Insights
The construction chemicals market is analyzed and market size insights and trends are provided by country, product, and end-user as referenced above.
The countries covered in the construction chemicals market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the construction chemicals market because of the massive expansion of construction coupled with the incentives by the governments to promote the infrastructure sector. Additionally, the booming residential sector due to the burgeoning middle-class population has boosted the market growth within the region.
North America on the other hand, is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the booming economy and significant market fundamentals for commercial real estate projects in the region. Furthermore, the expanding population and new building projects in the pipeline may boost the expansion of the construction chemicals market in this region.
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It’s a competitive scenario to change that provides analysis.
By providing informed decision–making, the company provides analytical data along with a strategic planning methodology for research.
Researchers throw light on the dynamics of the market, such as drivers, restraints, trends, and opportunities.
We maintain a number of relationships in our business profile with the local analytical Construction Chemicals we provide.
Provides evaluation of the Construction Chemicals.
There are major product segments that help you understand it.
It provides a large amount of data about the trend factors that will affect the progress of Construction Chemicals.
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