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Construction Chemicals Market (Type - Concrete Admixtures, Waterproofing & Roofing, Repair, Flooring, Sealants & Adhesives, and Other; End-user - Residential, Industrial/commercial, Infrastructure, and Repair Structure): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : September, 2017

  • Rep Id : CM0021

  • Category : Chemicals & Materials

  • Status : Published

A recent report published by Infinium Global Research on construction chemicals market provides in-depth analysis of segments and sub-segments in the global as well as regional construction chemicals market. The study also highlights the impact of drivers, restraints, and macro indicators on the global 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 global construction chemicals market. According to the report, the global construction chemicals market is projected to grow at a CAGR of 8.5% over the forecast period of 2020-2026.

 

Market Insight

Construction chemicals are used as supplementary construction materials to improve workability, boost performance, and to protect construction material. These chemicals are crucial for sustainable infrastructure and energy conservation in the construction industry. These chemicals are widely used in the construction of residential, non-residential, and non-building infrastructural activities such as expressways, roads, and highways. The residential sector is one of the most lucrative segments for new entrants in the construction chemicals market. The construction chemicals help to strengthen the structure with enhanced durability. Moreover, the use of these chemicals offers long-lasting and vital benefits with assured superiority which in turn offer lucrative opportunities in the market.

 

In the backdrop of the coronavirus pandemic construction industry suffered a lot and in many countries construction activities had been stopped completely. Disrupted supply chains and operational restrictions are some of the major setbacks to the industry. Construction activities are considered an essential parameter in economic growth and the disruptions to construction component supply chains and restrictions on material transportation will create a major supply and demand gap in the construction chemicals market. However, post lockdown, disruption will fundamentally shift the size and distribution of industry pools. Organizations shifting to remote ways of working, contractors building inventory, securing critical materials and key players are looking to consolidate resilience in their balance sheets. 

 

The global market for construction chemicals is majorly driven by the rapid infrastructural development across the globe. In the post-crisis world, vertical integration would be emphasized to increase efficiency. Major players in the market are coming up with new business models to gain a favorable market position. Moreover, growing urbanization and population is expected to remain the key factors for the growth of the market post-crisis. However, lack of awareness among end-users poses the major hindering factor of the construction chemical market. Furthermore, technological advancement and product innovation in construction chemicals is anticipated to support the growth of the market over the forecast period.

 

Among the regions, Asia Pacific holds a major share in the global construction chemicals market. Factors such as growing population, rapid economic development, and growing urbanization in BRICS nations will drive the growth of the Asia Pacific construction chemicals market. China is the major contributing country anticipated to continue its dominance shortly owing to the higher production of construction chemicals. North America is anticipated to hold the second-largest share owing to the increased purchasing power of the consumer and rising spending on infrastructure development.

 

Segment Covered

The report on global 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.

 

Companies Profiled:

The report provides profiles of the companies in the market such as BASF SE, W.R. Grace & Company, RPM International Inc, Sika A.G., Fosroc International Limited, Tata Chemicals Limited, Arkema S.A., Ashland Inc., Mapei S.p.A, and AkzoNobel Chemicals.

 

Report Highlights:

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 2020-2026. 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. 


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