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COVID-19 Impact on Construction Chemicals Market in 2020 - Know the Forecast Demand till 2026 | Evonik, BASF, Fosroc, Sika, 3M, etc

Construction Chemicals Market

Construction Chemicals Market

The global construction chemicals market size is projected to reach USD 70.91 billion by the end of 2026.

Key companies covered in report Construction Chemicals Market

o BuildCore Chemicals,
o Croda International Plc,
o ACC Limited,
o Evonik,
o BASF SE,
o Fosroc, Inc.,
o CHRYSO India,
o SWC Brother Company Limited.,
o Sika AG,
o 3M Company,
o and Other

Request a Sample Copy of Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/construction-chemicals-market-102539

The need for improved infrastructure will open up a huge potential for the growth of the market. According to a report by Fortune Business Insights, titled "Construction Chemicals Market Size, Share & Industry Analysis, By Type (Admixtures, Flooring, Waterproofing, Repair & Rehabilitation, and Others), By Application (Residential, and Non-Residential), and Regional Forecast, 2019-2026," the market was worth USD 42.32 billion in 22018 and will exhibit a CAGR of 6.7% during the forecast period, 2019-2026.

Construction chemicals are used as additives in cement and other construction material. They are widely used for improving the performance of several products, with a bid to establishing durable and structures and interiors. The high investment in the research and development of newer products will have a positive impact on the growth of the market in the coming years. Besides durability, this product provides strength to the substance in which they are used.

The presence of several large scale companies will have a huge impact on the growth of the market in the foreseeable future. The properties of construction chemicals such have allowed applications across diverse construction sectors, subsequently contributing to the growth of the market.

Variations in Product Offerings Will Aid Growth of the Market

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the variations in product offerings will have a huge impact on the growth of the market. Several large scale companies are looking to offer newer variations in these products with a bid to establishing a stronghold in the market. The In December 2018, Fosroc announced the launch of a green roof waterproofing grade of Polyurea. The product will offer improved resistance and water permeability, accounting to which it will witness huge demand in the coming years. Fosroc's latest product will not only have a positive impact on the growth of the company, but will influence the growth of the market on a global scale.

Order Research Report - Construction Chemicals Market - https://www.fortunebusinessinsights.com/checkout-page/102539

Asia Pacific to Emerge Dominant; Increasing Investment in Product R&D by major Companies to Aid Growth

The report analyzes the ongoing construction chemicals market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, Asia Pacific currently dominates the market. The availability of raw materials has attracted start-ups as well as encouraged established companies. Besides Asia Pacific, the market in North America will witness considerable growth in the coming years. As of 2018, the market in North America was worth USD 9.8 billion and this value is projected to increase further in the coming years.

Industry Developments:

September 2019: BASF unveiled a new production plant in the Philippines for the supply of construction chemicals in the local market.

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market: https://www.fortunebusinessinsights.com/construction-chemicals-market-102539

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Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

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