Construction Chemicals Market Size 2022, Top Companies Analysis, Share, Trends, Business Model and Forecast by 2027

The latest research study "Construction Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global construction chemicals market reached a value of US$ 36.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 53.37 Billion by 2027, exhibiting a CAGR of 6.20% during 2022-2027.

COVID-19 Impact on Market: (Positive Impact)

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Industry Definition and Application:

Construction chemicals are specialized chemical compounds mixed with cement, concrete and mortar to improve their existing properties and hold the construction material together. They are manufactured with natural and synthetic resins, waxes, and solvents and are available in resin, oil, and organic chemical-based variant. They also enhance heat reflectance, bond strength, moisture retention, and sound insulation properties of various materials. Owing to these properties, construction chemicals, such as concrete admixtures, adhesives, sealants, protective coatings, asphalt modifiers, and waterproofing agents, find extensive applications across the construction industry.

Global Construction Chemicals Market Trends and Drivers:

The market is primarily driven by the expanding construction industry across the globe. In addition, the rising adoption of ready-to-mix concrete (RMC) for constructing tunnels, roads, bridges, and dams is contributing to market growth. Besides this, construction contractors are widely utilizing concrete admixtures to improve the properties of hardened concrete, reduce construction costs, and ensure better quality during mixing, placing, curing, and transporting.

This, coupled with the introduction of innovative products such as the development of green cement manufactured utilizing sustainable materials, is also augmenting the market growth. Furthermore, the rising disposable incomes of consumers, the implementation of favorable government policies to promote infrastructural development, and the increasing repair and refurbishment activities are other factors creating a positive market outlook across the globe.

Global Construction Chemicals Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these top key players include:

3M Company, ACC Limited (Holcim Group), Arkema S.A., BASF SE, Conmix Ltd, Dow Inc., Evonik Industries AG (RAG-Stiftung), GCP Applied Technologie Inc. (Standard Industries Inc.), Mapei S.p.A, Nouryon Holding B.V., Pidilite Industries Limited, RPM International Inc. and Sika AG.

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The report has segmented the market on the basis of region, type and application.

Breakup by Types:
• Concrete Admixtures
• Waterproofing and Roofing
• Repair
• Flooring
• Sealants and Adhesives
• Others

Breakup by Application:
• Residential
• Non-Residential

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.