Construction Chemicals Market Comprehensive study explores Huge Growth in Future

According to our latest study on "Construction Chemicals Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product and Application," the market is expected to grow from US$ 50,952.86 million in 2022 to US$ 71,449.75 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2022 to 2028. The report highlights key factors driving the market growth and prominent players with their progress in the market. Strong Growth of Construction Industry in Developing Countries Drives Construction Chemicals Market Growth.

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Key Companies:
Ashland; BASF SE; Choksey Chemicals; Dow; Fosroc, Inc.; MAPEI; Pidilite Industries Ltd.; RPM International Inc.; Saint-Gobain; and Sika AG

Construction chemicals are chemical formulations used with cement, concrete, and other construction materials at the time of construction to hold the construction materials together. Chemical products, such as concrete admixtures, help in minimizing the quantities of cement and water generally required during construction.

The construction industry in developing countries is growing. According to Invest India, the construction Industry in India is expected to reach US$1.4 trillion by 2025 due to the rapid urbanization and the development of the residential sector. The urban population in India contributes 75% of GDP (63% present), and 68 cities will have a population of more than 1 million. By 2030, more than 40% of the population is expected to live in urban India (33% today), creating a demand for 25 million additional mid-end and affordable residential houses According to the Fitch Solutions Infrastructure Report, China is the world's largest construction market. Under China's 14th Five-Year Plan, the Ministry of Housing and Urban-Rural Development (MOHURD) issued a notice for the Implementation of Urban Renewal Actions in 2020. While China's urbanization rate reached 60.6% in 2019, the urban renewal policy aims to develop greener and efficient cities as the government seeks to improve the quality of China's urban living conditions. Along with this, the UAE is one of the fastest growing countries in the Middle East in terms of the construction industry. The largest property developers in Dubai have launched new construction projects within the last few months, all of which reportedly sold out immediately. March, April, and May 2022 saw the highest levels of real estate transactions in over a decade. Thus, the growing construction industry in developing countries is driving the construction chemicals market growth.

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Market Insights
Growing Demand for Green Buildings

In recent years, there has been a growing demand for the development of sustainable and green buildings. According to the Indian Green Building Council (IGBC), the energy savings from green buildings could range from 20 to 30% and water savings from 30 to 50%. Construction chemicals are widely used as bonding agents, tile adhesives, expansion and joint filters, and plasticizers. They improve the overall quality and durability of the buildings, as well as provide protection against environmental hazards. Thus, the growing development of green buildings across the world is driving the demand for construction chemicals.

Report Spotlights
• Progressive trends in the construction chemicals industry to help players develop effective long-term strategies
• Business growth strategies adopted by companies to secure growth in developed and developing markets
• Quantitative analysis of the global construction chemicals market from 2020 to 2028
• Estimation of the demand for construction chemicals across various industries
• Porter's analysis to illustrate the efficacy of buyers and suppliers in the construction chemicals industry
• Recent developments to understand the competitive market scenario and the demand for construction chemicals
• Market trends and outlook, and factors governing the growth of the market, including drivers and restraints
• Understanding about the strategies that underpin commercial interest into the global construction chemicals market growth, aiding in the decision-making process
• Dry ice market size at various nodes of market
• Detailed overview and segmentation of the construction chemicals market and its industry dynamics
• The construction chemicals market size in various regions with promising growth opportunities

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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