Global Construction Chemicals Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Construction chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Construction chemicals market trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global construction chemicals market size reached US$ 39.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 56.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.
Construction chemicals are specialized compounds that are formulated to enhance the performance and efficiency of construction materials and processes. They comprise a diverse range of products, such as admixtures, sealants, adhesives, waterproofing agents, asphalt modifiers, corrosion inhibitors, and protective coatings. They are easily mixed with cement, concrete, coatings, mortar, and other materials. They assist in addressing challenges, such as extreme weather conditions, environmental stresses, wear-and-tear, and enhancing moisture retention. As they allow builders and engineers to optimize their projects for optimal functionality and longevity, the demand for construction chemicals is rising across the globe.
Global Construction Chemicals Market Trends and Drivers:
Presently, the increasing number of construction activities for residential commercial purposes around the world represents one of the primary factors contributing to the market growth. Apart from this, the increasing demand for chemicals to enhance the performance and lifespan of building structures is strengthening the growth of the market. Moreover, the rising adoption of eco-friendly construction chemicals that have low volatile organic compounds (VOC) is bolstering the growth of the market. Besides this, the increasing employment of chemicals to prevent corrosion of metal surfaces is offering a positive market outlook. Furthermore, various benefits offered by construction chemicals, such as enhanced workability, durability, and strength, are impelling the growth of the market.
Global Construction Chemicals Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: 3M Company, ACC Limited (Holcim Group), Arkema S.A., BASF SE, Conmix Ltd, Dow Inc., Evonik Industries AG (RAG-Stiftung), GCP Applied Technologie Inc. (Standard Industries Inc.), Mapei S.p.A, Nouryon Holding B.V., Pidilite Industries Limited, RPM International Inc. and Sika AG.
The report segmented the market on the basis of region, type and application.
Breakup by Type:
- Concrete Admixtures
- Waterproofing and Roofing
- Sealants and Adhesives
Breakup by Application:
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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