Construction Chemicals Market Trends, Future Overview, Top Growing Companies (2022-2027)
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Growing Emphasis on Green Innovation Unlocks High-Value Business Outcomes
Strong international commitments towards sustainable development and innovation have translated into unique business outcomes for all heavy industries. The construction sector, in particular, has witnessed a welcome shift towards green building regulations, renewable energy, and infrastructure conservation projects. These trends have dramatically increased the demand for ecofriendly construction technologies, green chemicals, and green innovation. All these positive developments bode extremely well for the construction chemicals market. In the near future, global goals to realize sustainable innovation are expected to augment the demand for green construction chemicals, creating lucrative opportunities in the construction chemicals market. This market trend is soon poised to gain momentum owing to favorable government incentives, strategic public-private partnerships, sound advancements in construction technologies, and marked increase in demand for waterproofing technologies.
Increase in Construction Projects to Soar Demand for Construction Chemicals
Both emerging and leading economies are highly engaged in various infrastructure development or renovation projects. Growth is especially pronounced in the residential sector - a trend that is expected to garner significant traction. In the public sector, government expenditure on the construction of roads, tunnels, hydel power projects, and dams is predicted to open novel revenue streams in the construction chemicals market. Notably, the civil repair sector is anticipated to record a remarkable surge in demand for construction chemicals. This is primarily owing to their ability to enhance concrete strength. Key players in the construction chemicals market are also expected to attract profitable opportunities due to the growing need to prevent degradation of buildings from harsh climatic conditions and stringent regulations regarding the same.
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Robust Pursuit of Sustainable Development to Position Asia Pacific as Key Regional Player
The adoption of green building technologies and eco-friendly construction materials is highly promising in the Asia Pacific. In this region, emerging economies such as India have been witnessing a consistent shift towards sustainable construction. This move runs parallel to the rising demand for construction chemicals and increase in various construction activities. Additionally, governments in APAC carry an optimistic outlook towards sustainable construction, resulting in favorable policies and considerable increase in investments towards green construction practices. Over the assessment period, these growth drivers are projected to substantially expand APAC's construction chemicals market.
The major players in the construction chemicals market include
• RPM International Inc.,
• Dow Chemicals,
• MBCC Group, MAPEI,
• Sika AG,
• Arkema SA,
• Henkal KGA among some others.
The construction chemicals market has been segmented as below:
By Product Type
• Concrete Admixture and Cement Grinding Aids
• Surface Treatment
• Repair and Rehabilitation
• Protective Coatings
• Industrial Flooring
• Adhesive and Sealants
• Grout and Anchor
By End-use Industry
o Office Space
o Education Institutes
o Other Commercials
o Iron and Steel
o Capital Goods
o Petrochemical (Including Fertilizers)
• Infrastructure and Public Places
o Roads and Bridges
o Government Buildings
o Statues and Monuments
o Elite Housing
o Middle-class Housing
o Low-cost Housing
o Government Buildings
o Statues and Monuments
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