Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the construction chemicals market provides an 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 the global
construction chemicals market. According to the report, the global construction
chemicals market is projected to grow at a CAGR of over 5% over the forecast
period of 2022-2028.
The revenue generated by the
market was about USD 40 billion in 2022 and is expected to reach around USD 55
billion in 2028 and is expected to grow with a CAGR of over 5% over the
forecast period 2022-2028. Construction chemicals are used as supplementary
construction materials to improve workability, boost performance, and 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.
The global market for construction
chemicals is majorly driven by the rapid infrastructural development across the
globe. In 2021, the USA announced its USD 2 trillion infrastructure rebuilding
plan, under which 20,000 miles of roads and 10,000 bridges are expected to be
rebuilt. In June 2022, G7 countries announced their plan for a USD 600 billion
global infrastructure program. 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 are expected to remain the key
factors for the growth of the market post-crisis. According to the World Bank Group,
it is expected the number of people living in urban areas is expected to reach
6 billion by 2045. However, lack of awareness among end-users poses the major
hindering factor in 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. 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.
Asia-Pacific is expected to be the
largest region revenue-wise in the market. Asia-Pacific is home to over 40% of the world population and rapidly growing economies such as India, China, Vietnam,
Thailand, and others. The urbanization in these countries has been rapid owing
to their growing population. The spending on infrastructure has also increased
heavily in past few years as countries are focusing on upgrading their
infrastructure for supporting their rapid economic growth. Additionally, the
presence of a large number of market players has also boosted the growth of the
market in Asia-Pacific. North America has some of the leading economies such as the USA and Canada whose economy largely depends on the quality infrastructure
present in the country. Furthermore, the construction of homes, commercial
spaces, and industrial areas is a constant activity in these countries. Thus,
the demand for construction chemicals is high in North America owing to its
large-scale infrastructure and continuous ongoing construction of residential,
commercial, and industrial buildings. Asia-Pacific.
The report on the 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.
The report provides profiles of
the companies in the market such as RPM International Inc., Sika A.G., Fosroc
International Limited, Tata Chemicals Limited, Arkema S.A., Ashland Inc., Mapei
S.p.A, AkzoNobel, ACC Limited, and W.R. Grace & Company.
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 the construction chemicals market. Moreover, the study highlights current market
trends and provides forecasts from 2022-2028. 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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