Construction Chemicals Market Size & Share Will Grow to USD 62 Billion by 2026: Facts and Factors

The global Construction Chemicals market in 2019 was approximately USD 37 Billion. The market is expected to grow at a CAGR of 7.5% and is anticipated to reach around USD 62 Billion by 2026.

Construction chemicals are specialty materials that are critical for sustainable buildings and energy conservation, increase the longevity of buildings and further enhance environmental hazards. Construction chemicals are chemical compounds used to change the properties of construction materials. Such chemicals reduce the water consumption of buildings. They have an important role to play in improving general construction and non-construction efficiency. Such chemicals can be divided into different product categories, including concrete products, building sticks, screens, and protective coatings. Polymers are the primary raw materials used in almost every chemical building formulation. The chemical manufacturer, the retailer of industrial construction materials and the end-user are always working together to produce the right product.

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Infrastructure is the most lucrative chemical building market in the world. Despite the development and urban planning that drives the need for sustainable infrastructure and environmentally friendly goods, this is the first choice for new entrants. Likewise, chemical products, such as concrete mixtures, help to minimize the amount of cement and water normally required during construction. Construction chemicals are needed to meet the needs of the growing world population and of the urbanization in question. Increasing demands for earthquake-resistant structures around the Asia Pacific Fire Ring and North and Latin America's East Coast as well as Europe's and Asia Pacific's Alpide Belt would boost market demand for robust and weather-resistant structures and infrastructures.

On the basis of Product, concrete admixture dominated the market in 2019, the concrete admixtures are components added to the concrete blend before or during the blending. This segment is forecasted to witness significant growth over the forecast period owing to its properties such as changing the characteristics of hardened concrete, thus improving its performance during the process of mixing, healing, carrying, etc.

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Based on the end-user, the residential segment held the leading market share in 2019 for the global construction chemical industry. This segment is projected to grow over the forecast period owing to the rising demand for residential housing in rural as well as the urban area.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Construction Chemicals sector. Key strategic developments in the Construction Chemicals market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Construction Chemicals market are appropriately highlighted in the report.

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The global Construction Chemicals market is estimated to be valued at USD 35billion by 2019 and is projected to register a CAGR of 7.5% throughout the forecast period. The market for the chemical building is anticipated to bolster over the forecast period. Increased construction work in the Asia-Pacific region, enhanced adoption of new technology and advanced building processes are some of the variables that drive the market growth studied. Increased environmental legislation on VOC emissions continues to be a barrier to market growth.

The building chemical industry is powered solely by multinational construction and infrastructure development operations worldwide. The fast-growing Asia-Pacific construction industry, led by China and India, will have a significant impact on product demand during the forecast period. The growing demand for earthquake-resistant structures around the Asia Pacific Fire Ring and the East Coast of North and Latin America, along with Europe and the Asia Pacific Alpine Belt, is increasing the market demand for more weather-proof structures and installations.

By region, Asia Pacific held the majority of shares in 2019, and this segment is anticipated to bolster even more throughout the forecast period. The growth of this segment is primarily attributable to the rising population in this region combined with increasing income, and urbanization.

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Some of the essential players operating in the construction chemicals market, but not restricted to include 3M, Arkema Group, Ashland, BASF SE, Bolton Group, Cemetaid (N.S.W.) Pty Ltd, Chryso SAS, CICO Group, Conmix Ltd, DowDuPont, Fosroc Inc., Franklin International, GCP Applied Technologies Inc., Henkel AG & Co. KGaA, LafargeHolcim, MAPEI SpA, MUHU Construction Materials Co. Ltd, Nouryon, RPM International Inc., Sika AG, Thermax Global, and others.

This report segments the Construction chemicals market as follows:

Global Construction chemicals Market: By Type Segmentation Analysis

Concrete Admixture
Concrete adhesives
Concrete sealants

Global Construction chemicals Market: By Application Segmentation Analysis

Non-residential & infrastructure
Residential

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