Pune, India, Oct. 03, 2022 (GLOBE NEWSWIRE) -- According to Fortune Business Insights™, the global construction chemicals market size is projected to reach USD 70.91 billion by the end of 2026. The need for improved infrastructure will open up a huge potential for the growth of the market. According to a report by Fortune Business Insights, the market was worth USD 42.32 billion in 2018 and will exhibit a CAGR of 6.7% during the forecast period, 2019-2026.
The presence of several large-scale companies will have a huge impact on the growth of the market in the foreseeable future. The properties of construction chemicals such have allowed applications across diverse construction sectors, subsequently contributing to the growth of the market.
Construction chemicals are used as additives in cement and other construction material. They are widely used for improving the performance of several products, with a bid to establishing durable and structures and interiors. The high investment in the research and development of newer products will have a positive impact on the growth of the market in the coming years. Besides durability, this product provides strength to the substance in which they are used.
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List of Key Players Mentioned in the Market Report:
- BuildCore Chemicals
- Croda International Plc
- ACC Limited
- Evonik
- BASF SE
- Fosroc, Inc.
- CHRYSO India
- SWC Brother Company Limited.
- Sika AG
- 3M Company
- Other Key Players
Report Scope & Segmentation:
| Report Coverage | Details |
| Forecast Period | 2019-2026 |
| Forecast CAGR | 6.7% |
| 2026 Value Projection | USD 70.91 Billion |
| Base Year | 2018 |
| Construction Chemicals Market Size in 2018 | USD 42.32 Billion |
| Historical Data | 2015-2017 |
| No. of Pages | 90 |
| Segments Covered | ByType, By Application and Regional |
| Construction Chemicals Market Growth Drivers | Construction Chemicals Market to Benefit from the Increasing Infrastructure Development Activities Across the World |
| Increasing Number of Company Mergers Will Aid Growth |
Asia Pacific to Emerge Dominant; Increasing Investment in Product R&D by major Companies to Aid Growth
The report analyzes the ongoing construction chemicals market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, Asia Pacific currently dominates the market. The availability of raw materials has attracted start-ups as well as encouraged established companies. Besides Asia Pacific, the market in North America will witness considerable growth in the coming years.
As of 2018, the market in North America was worth USD 9.8 billion and this value is projected to increase further in the coming years.
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Variations in Product Offerings Will Aid Growth of the Market
The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the variations in product offerings will have a huge impact on the growth of the market. Several large-scale companies are looking to offer newer variations in these products in a bid to establish a stronghold in the market.
In December 2018, Fosroc announced the launch of a green roof waterproofing grade of Polyurea. The product will offer improved resistance and water permeability, accounting to which it will witness huge demand in the coming years. Fosroc's latest product will not only have a positive impact on the growth of the company but will influence the growth of the market on a global scale.
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends in Global Market
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
- Construction Chemicals Market Analysis, Insights and Forecast – By Type
- Key Findings
- Market Analysis, Insights and Forecast – By Type
- Concrete Admixtures Chemicals
- Flooring Chemicals
- Water Proofing Chemicals
- Repair & Rehabilitation Chemicals
- Others
- Construction Chemicals Market Analysis, Insights and Forecast – By Application
- Key Findings
- Market Analysis, Insights and Forecast – By Application
- Residential
- Non-Residential
- Construction Chemicals Market Analysis, Insights and Forecast – By Region
- Key Findings
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
TOC Continued…!
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Frequently Asked Questions (FAQs):
1. Is the Impact of COVID-19 on construction chemicals industry growing?
Answer: The global construction chemicals market size was valued at USD 42.32 billion in 2018 and is projected to reach USD 70.91 billion by 2026, exhibiting a CAGR of 6.7% during the forecast period.
2. Who are the key players in the the Impact of COVID-19 on Construction Chemicals Market?
Answer: Croda International Plc, ACC Limited, Evonik, BASF SE, Fosroc, Inc., CHRYSO India, SWC Brother Company Limited and more.
3. Which is the leading segment in the market?
Answer: Concrete admixtures segment is expected to be the leading segment in this market during the forecast period.
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