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The Global Construction Chemicals Market was valued at USD 37295.64 million in 2027 and is anticipated to project a robust growth during the forecast period at a CAGR of 5.30% due to massive capital investment and supportive government policies.Speak directly to the analyst to clarify any post sales queries you may have.
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Growing Investments in Infrastructure for Renewable Energy
During the forecast period, the construction chemicals industry is anticipated to be driven by a rapid increase in expenditure in renewable power production capacity. Particularly in the United States and Europe, several power producing businesses are making investments in renewable energy sources. Additionally, governments all over the world are pushing renewable energy sources by providing incentives and subsidies to enterprises that produce renewable energy. The Indian government cleared a USD 1518.3 Million plan to set up infrastructure to transmit electricity from renewable energy projects as it seeks to boost the output from green sources and meet half of the nation’s energy requirement from them by 2030.The Australian government provided wind power producers with subsidies of USD600 million. This is anticipated to increase consumer demand for the services offered by construction firms, boosting the market throughout the anticipated timeframe.Rising Construction Activities in Developing Countries
In the upcoming years, it is anticipated that rising construction activity in emerging regions would fuel market expansion. China, Brazil, India, Saudi Arabia, and Indonesia were among the emerging economies with active building sectors. For instance, the National Bureau of Statistics reports that the contribution of building production to China's GDP increased from 6.2% in 2019 to 25.9% in 2020. The construction market expanded as a result of the quick increase in construction activities.Growing Urbanization and Supportive Government Policies
Rapid urbanisation and population growth have resulted in a steady increase in all sectors, especially, construction sector around the world. Residential construction has seen a significant resurgence in 2021, driven by the continued demand for homes and helpful government policies. Substantial national government support for the housing industry, for example, in India, a significant amount of money was allocated for housing in the national 2021 budget, including USD 6327.31 million for the Ministry of Housing and Urban Affairs (MoHUA) and the establishment of a 3.5-billion-dollar fund to assist in the completion of housing projects that have stalled.Market Segmentation
The Global Construction Chemicals Market is segmented based on product type, application, company, and regional distribution. Based on product type, the market can be split into concrete admixtures, construction adhesives & sealants, protective coatings, waterproofing chemicals, and Others. Based on application, the market is divided into residential, industrial/commercial, infrastructure, and repair structures. The market analysis also studies the regional segmentation divided among Asia-Pacific, North America, Europe, Middle East & Africa, and South America. The Asia-Pacific construction chemicals market stood at USD 9900.58 million in the year 2021 and is projected to grow at a CAGR of 5.87% during the forecast period. Asia-Pacific comprises some of the most populated and developing nations, such as China, Japan, India, South Korea, Thailand etc., so construction and infrastructure development will directly boost the construction chemicals market. The United States construction chemicals market stood at USD 1153.80 million in the year 2021.Company Profiles
Sika AG, Mapei S.p.A., Arkema SA, RPM International, BASF SE, The Dow Chemical Company, Pidilite Industries Limited, Ashland INC, FOSROC International, and Chemex Chemicals, are among the major market players in the global platform that lead the market growth of the Global Construction Chemicals Market.Report Scope:
In this report, the Global Construction Chemicals Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:Construction Chemicals Market, By Product Type:
- Concrete Admixtures
- Construction Adhesives & Sealants
- Protective Coatings
- Waterproofing Chemicals
- Others
Construction Chemicals Market, By Application:
- Residential
- Industrial/Commercial
- Infrastructure
- Repair Structures
Construction Chemicals Market, By Region:
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Netherlands
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Qatar
- Iraq
- Kuwait
- South America
- Brazil
- Argentina
- Chile
- Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Construction Chemicals Market.Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.Table of Contents
1. Product Overview2. Research Methodology3. Executive Summary4. Impact of COVID-1913. Market Trends and Developments15. Strategic Recommendations16. About the Publisher & Disclaimer
5. Voice of Customer
6. Global Construction Chemicals Market Outlook
7. Asia-Pacific Construction Chemicals Market Outlook
8. North America Construction Chemicals Market Outlook
9. Europe Construction Chemicals Market Outlook
10. Middle East & Africa Construction Chemicals Market Outlook
11. South America Construction Chemicals Market Outlook
12. Market Dynamics
14. Company Profiles
List of Figures
Companies Mentioned
- Sika AG
- Mapei S.p.A.
- Arkema SA
- RPM International
- The Dow Chemical Company
- Pidilite Industries Limited
- Ashland INC
- FOSROC International