Construction Chemicals Market Overview
According to a research survey conducted by ChemView Consulting, the current valuation of the Global Construction Chemicals Market is worth US$ 35,764.0 Mn in 2022. The market value of stainless steel is expected to reach US$ 73,027.9 Mn by 2032, growing at a CAGR of 7.4% over the forecast period.
ChemView Consulting has analyzed that the main drivers of adopting construction chemicals, particularly for building activities, are the growing awareness of the environmental risks posed by conventional buildings and changes in government legislation worldwide.
Environmentally friendly and sustainable products for cool roof treatments, thermal insulation, overall building protection, polycarboxylate ether-based green admixtures, and underground structure protection are priorities for major construction chemical industry players.
The building chemicals industry is developing a wide range of solutions, such as small changes to conventional materials and the development of new material assemblages, to emphasize multifunctional properties and significantly support unique materials with a variety of uses.
Major participants in the building sector are concentrating on green and sustainable materials for underground structure protection, polycarboxylate ether-based green admixtures, thermal insulation, overall building protection, cool roof treatments, and other topics essential for sustainability
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Cement is frequently employed as a binding agent in construction. Concrete is made by mixing cement in measured amounts with sand, water, and crushed rock. The addition of concrete admixtures then enhances the characteristics of concrete. They offer advantages, including a low cement-water ratio, accelerated setting time, reduced segregation, and increased permeability.
The rising utilization of concrete admixtures, which is driving the expansion of the construction chemicals market, is a result of the expanding building industries in China, India, the United Kingdom, and Germany.
Segments Covered in Report
By Type:
- Concrete Admixtures
- Flooring Chemicals
- Waterproofing Chemicals
- Repair & Rehabilitation Chemicals
- Others
By Application:
- Residential
- Non-Residential
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Construction Chemicals Market
- Based on the type, concrete admixtures are driving the construction chemicals market expansion. Concrete admixture accounted for more than 35% share in the global construction chemicals market in 2021.
- Based on the application, this residential market’s expansion is anticipated to be fueled by shifting lifestyles, fast urbanization, rising living standards, and a rising desire for attractive residential constructions.
- Due to the expanding construction industries in India, China, South Korea, and Japan, the Asia Pacific region dominated the market with a 59.4% share. China is a large consumer of building chemicals due to its rapidly rising population. The need for construction chemicals is also expanding thanks to increasing industrialization.
Competition Summary
Some of the key companies covered in the market study are BuildCore Chemicals, Croda International Plc, ACC Limited, Evonik, BASF SE, Fosroc, Inc., CHRYSO, SIKA AG, The DOW Chemical Co., RPM International Inc., Ashland Inc., MAPEI, Akzo Nobel NV, Arkema SA, Pidilite Industries, Covestro AG, Henkel AG & Co. KGaA, HB Fuller Company, Lanxess AG, The 3M Company, Wacker Chemie AG, Huntsman Corporation, Momentive Performance Materials, and Guangzhou Jointas Chemical Co. Ltd.
To meet changing consumer demand, manufacturers of construction chemicals prioritize increasing production capacity. Construction chemical market trends are predicted to be influenced by portfolio expansion and divestment plans over the anticipated time period.
The leading companies in this space mostly employ acquisition and growth strategies to boost their market share in the construction chemicals industry.
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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