Construction Chemicals Market Demand, leading global Companies and Regional Average Pricing Analysis


Posted November 27, 2023 by rushikeshsonar

Construction chemicals are added to building materials such as concrete, masonry, steel, and wood to enhance their properties

 
The construction chemicals market refers to the industry that produces and supplies a wide range of chemical formulations designed to enhance the performance and properties of construction materials and structures. These chemicals play a crucial role in the construction industry by improving the durability, strength, and workability of various construction materials such as concrete, cement, mortar.

According to a new report published by Allied Market Research, titled, “Construction Chemicals Market," The construction chemicals market was valued at $49.9 billion in 2022, and is estimated to reach $88.1 billion by 2032, growing at a CAGR of 6% from 2023 to 2032.
Construction chemicals are compounds that help optimize the performance of concrete. These addendums provide further value for end users by reducing labor cost and minimizing wastage. The key elements that drive the construction chemicals market growth are rise in construction industry, urbanization, and conformity with the latest manufacturing standards. However, the change in regulatory environment, low consumer awareness, and availability of low-cost chemical solutions inhibit the market growth.

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Key categories of construction chemicals include admixtures, adhesives, sealants, waterproofing chemicals, repair and rehabilitation chemicals, protective coatings, and others. Each category serves specific purposes within the construction process.

Construction chemicals are added to building materials such as concrete, masonry, steel, and wood to enhance their properties. For example, concrete admixtures can be added to concrete to improve its workability, strength, and durability. Waterproofing compounds can be applied to surfaces to prevent water penetration and damage, while protective coatings can be used to protect surfaces from weathering, UV radiation, and chemical attack.


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The surge in demand for construction chemicals from emerging economies:

Emerging economies have experienced rapid urbanization and industrialization, which drive demand for construction chemicals. Construction chemicals are specialty chemicals that are used in construction activities to enhance the performance of construction materials and ensure their longevity. The demand for construction chemicals from emerging economies is on the rise due to a variety of factors, including urbanization, infrastructure development, and economic growth. Emerging economies such as China, India, Brazil, and Southeast Asian countries are expected to drive the demand for construction chemicals in the coming years.


Key Market Players:
Sika AG, Evonik, Fosroc, Inc., Flowcrete Group Ltd., Cera-Chem Pvt. Ltd. , MAPEI S.p.A., SWC Brother Company Limited, ACC Limited, 3M, Chembond Chemicals Limited

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Key Benefits For Stakeholders
• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the construction chemicals market analysis from 2022 to 2032 to identify the prevailing construction chemicals market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the construction chemicals market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global construction chemicals market trends, key players, market segments, application areas, and market growth strategies.

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Issued By Rushikesh Sonar
Phone 15034461141
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David Correa
Country India
Categories Construction
Last Updated November 27, 2023