Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on construction chemicals market provides in-depth
analysis of segments and sub-segments in the BRICS as well as regional
construction chemicals market. The study also highlights the impact of drivers,
restraints, and macro indicators on the BRICS and regional construction
chemicals market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the BRICS construction
chemicals market. According to the report, the BRICS construction chemicals
market is projected to grow at a CAGR of 6.7% over the forecast period of 2021-2027,
growing from nearly USD 15.6 billion in 2020 to about USD 24.2 billion in 2027.
The BRICS countries are developing
at a rapid pace over the past few years. Some of the major industries in the BRICS
such as automobile, electronics, healthcare, and construction are growing at a
faster rate compared to other developed and developing regions. Along with the
construction industry, construction-related industries such as concrete, steel,
paint, and construction chemicals are growing exponentially. The construction
chemicals market is relatively new in the BRICS countries and has shown
promising growth over the past few years. Products such as admixtures, resins,
sealants, adhesives, and coatings are included in construction chemicals.
Moreover, these chemicals offer sustainability and energy conservation to the
construction. They help in improving the workability of construction materials
and increase their lifespan. These benefits of construction chemicals have
raised their popularity among the players in the construction industry.
The construction industry in BRICS
suffered a lot during the period of the coronavirus pandemic. The construction
activities were shut down completely over the pandemic period. The construction
industry in BRICS witnessed several problems such as disrupted supply chains
and operational restrictions. A major supply and demand gap was created in the
market during the pandemic due to the disruptions in the supply chains, and
transport restrictions of construction chemicals. This, in turn, restrained the
growth of the construction chemicals market during the period of the COVID-19
pandemic. However, as the pandemic gets under control, the governments are
expected to lift the lockdown restrictions. This will allow the construction
industry and manufacturers to resume their activities. The manufacturers are
expected to supply the construction chemicals at pre-pandemic levels as the
demand increases after losing lockdown restrictions. This, in turn, is anticipated
to boost the market after the COVID-19 pandemic is controlled.
The rapid infrastructural
development across the region is majorly driving the BRICS construction
chemicals market. The BRICS countries are developing their infrastructure to
attract more foreign investment and tourists into the countries. This, in turn,
augments the construction activity in the region and drives the construction
chemicals market. Moreover, factors such as rapid urbanization, and increasing
population are further fueling the growth of the construction chemicals market
in BRICS. However, lack of awareness regarding the construction chemicals
across the construction industry in the region hampers the growth of the BRICS
construction chemicals market. Nevertheless, the emergence of advanced
manufacturing processes and innovative materials used in construction chemicals
is expected to boost the growth of the market over the forecast period.
In terms of country, the BRICS
construction chemicals market is segmented into Brazil, Russia, India, China,
and South Africa. Among these countries, China generated the highest revenue in
the BRICS construction chemicals market. The increasing population, rapid
infrastructure development, and growing urbanization are the major factors augmenting
the growth of the construction chemicals market in China. Moreover, China is
one the fastest growing economy in the world, and construction accounts for a
large part of the Chinese economy. The government is spending heavily on
infrastructure development in China to support economic growth. The government
has invested in several infrastructures, and residential projects in the
country, which augments the growth of the construction industry. This, in turn,
boosts the construction chemicals market in China.
The report on BRICS construction
chemicals market covers segments such as type, and end-user. On the basis of
type, the sub-markets include concrete admixtures, waterproofing & roofing,
repair, flooring, sealants & adhesives, and other. On the basis of
end-user, the sub-markets include residential, industrial/commercial,
infrastructure, and repair structure.
The report provides profiles of
the companies in the market such as Arkema S.A., BASF SE, Sika AG, Elasteq Do
Brasil, and Mapei S.p.A.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of construction chemicals market. Moreover, the study highlights
current market trends and provides forecast from 2021-2027. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.