Global Construction Chemicals Market || RPM International Sika A.G. Fosroc International The Dow Chemical Company Arkem S.A. Ashland Inc.

Construction chemicals industry plays a vital role by providing solutions to civil engineers to build strong and long-lasting structures which can last for years without any risk and fear. With the advent of present chemistry, various chemicals are being invented, have changed the matrices of the construction industry and playing an imperative role in the modern era of construction. Beginning from waterproofing compounds, construction chemicals have extended range to ease the workmanship in challenging situations at various stages of construction. Today around fifty to hundred various construction chemicals are manufacturer by manufactures.

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Growing construction activities globally, and the rising adoption of new technology, and advanced construction procedures are some of the factors driving the growth of the market studied. For instance according to policy.ciob.org. The global construction market is expected to grow US$8 trillion by 2030, up by 85% and increasing by an average annual rate of 3.9% to 2030. Additionally Growing population and economic stability in several countries influenced people for commercial, public, and residential building such factor anticipated to boost the global construction chemicals market. Also, the rising urban population is anticipated to foster the global market in future. For instance, according to UN Org Nowadays, 55% of the world’s population lives in urban areas, and it is expected to increase to 68% by 2050. Furthermore, the factor such as rising disposable income boosting people to invest more for well residential structures may drive the global construction chemical market growth. Moreover rising government investment in infrastructure development in the various country with the growing demand for dams, buildings, tunnels, bridges, and roads for the improvement of infrastructure facilities drives the global market. Increasing pollution concern due to construction restrains the market growth.

The key players operating the global Construction Chemicals market involves BASF SE, W.R. Grace, RPM International, Sika A.G., Fosroc International, The Dow Chemical Company, Arkem S.A., Ashland Inc, Mapei S.p.A, and Pidilite Industries. The key player in the market is focusing on the partnership and acquisition strategy. For example, In December 2019 Lone Star, a global private equity firm, signed a purchase agreement for the acquisition of BASF's Construction Chemicals business. Under Lone Star, the Construction Chemicals team aims to focus on a growth path with an industry-specific approach

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