Press release
COVID-19: Booming construction activities across the globe are the key factors for the rising demand for Construction Chemicals Market
Construction Chemical Market
Post COVID-19 Impact on Construction Chemical Market
With the emergence of the COVID-19 crisis, the world is fighting a health pandemic as well as an economic emergency, almost impacting trillions of dollars of revenues.
Research Dive' group of skilled analysts provide a solution to help the companies to survive and sustain in this economic crisis. We support companies to make informed decisions based on our findings resulting from the comprehensive study by our qualified team of experts.
Our study helps to acquire the following:
o Long-term and short-term impact of Covid-19 on the market
o Cascading impact of Covid-19 on Construction Chemical Market, due to the impact on its extended ecosystem
o Understanding the market behaviour Pre- and Post-COVID-19 pandemic
o Strategy suggestions to overcome the negative impact or turn the positive impact into an opportunity
We'll help you fight this crisis through our business intelligence solutions.
Connect with Our Analyst to Contextualize Our Insights for Your Business: https://www.researchdive.com/connect-to-analyst/175
Pre COVID-19 Analysis on Construction Chemical Market
The construction industry is under constant pressure of megatrends such as scarcity of materials and resources as well as the impact of climate change. For fulfilling these demands, there arises a need tomanufacture chemical additives that can enhance the properties of several construction materials. Construction chemicals areamong thevital components that are extensively used in the construction industry to meet the requirements of modern constructions.
The global concrete admixtures segment is the leading segment in the global market and it is expected to surpass$12.7million by 2026 @ https://www.researchdive.com/purchase-enquiry/175
Applications of construction chemicals
Construction chemicals are widely used by the civil repair and construction industry for different purposes. These chemicals are used for enhancing the quality and strength of concrete, prevent leakages, and safeguardbuilding structures from climaticchanges. Construction chemicals comprises of various products that help inmodification of concrete, waterproofing, repair &maintenance of constructions. These products are admixtures for concrete, concrete curing compounds, grouts, sealants, tile fixing adhesives, waterproofing chemicals, crack repair, jointing compounds, membranes, and special application mortars.
They can be used in the building and construction industry for various applications areas such as airports and metro transit, bridges and roads, architectural building, as well as in commercial,industrial, and residential construction projects and repair & rehabilitationactivities.
Infrastructure segment is expected to register a revenue of $12.8 million during the forecast period, increasing at a CAGR of 6.2% @ https://www.researchdive.com/download-sample/175
Growing demand for construction chemicals
Currently, the trend to develop highly classy and sophisticated constructions in boosting every passing day. With this trend, construction activities are booming all across the world.Wetter wintersand heavy monsoonsseverely reduce the durability of construction projects such as roads and buildings. The vulnerability of climate also disturbs the interior of building structures. Hence, to tackle such issuesdevelopers and builders highly prefer construction chemicals. These construction chemicals enhance the quality of construction projects by offering durability, compressive strength, and resistance to uninvitedclimaticcircumstances. All these factors are highly responsible to boost the demand for construction chemicals all across the world.
Moreover, requirement for sustainable socio-economic constructions, rising demand for advanced structures with an extended lifespan, focus on minimizing the costs,impactingclimate & environmental conditions,and speedy growth of construction projects are greatly influencing the growth of global construction chemical market.
Trends in construction chemicals industry
Considering the growing demand for construction chemicals several manufactures in the construction chemical business are hugely investing for development of advanced products.
Moreover, many companies are looking forward to increase their construction chemicals business, For instance, in 2019, Lone Star Funds, a leading private equity firm acquires the Construction Chemicals Business of BASF, the second biggestmanufacturer and vender of chemicals & related products in the North America. This acquisition was aimed to offer full leverage to the Construction Chemicals business for using its full potential.
Many other companies are currently actively taking up activities such as new product development, merges & collaborations to boost their business and obtain a strong foothold in the global chemical construction industry. Some of these companies are RPM International Inc., Arkema SA, W. R. GRACE & CO., Sika A.G., BASF SE, Dow, Ashland., MAPEI S.p.A., Fosroc, Inc., and Pidilite Industries Ltd.
Get Access to Full Report (TOC, Figures, Chart, etc.) @ https://www.researchdive.com/175/construction-chemicals-market
Future scope of the industry
As per a report by Research Dive, the global chemical construction market is growing at an increased speed and is forecasted to grow with a CAGR of 5.6% from 2019 to 2020. Among several countries, the Asian countries such as India and China have shown a significant contribution to the development of the chemical construction industry. These countries are experiencing an increased rate of urbanization, which in the long runwill fuel the demand for construction chemicals. Taking note of all these factors, it is clear that the global chemical construction market is climbing the steps of success and is sure to show exponential growth in the coming years.
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