Unveiling the Europe Construction Chemical Market: Steady Growth, Key Contributors, and Addressing Challenges

Over the past five years, the Europe Construction Chemical market has seen a steady compound annual growth rate (CAGR) of 0.49%. Europe holds a significant portion, accounting for 28.7% of the global market share for building chemicals. The growth of the construction chemical industry is driven by the European government's ambitious development goals and the adoption of innovative building techniques. Additionally, as the economy rebounds from the impact of the COVID-19 outbreak, there is a positive demand for residential and commercial projects.

The government is actively making substantial investments in residential construction and infrastructure. To promote a healthy economic climate and a fresh approach to investing in Europe, the European Association of Long-Term Investors (ELTI) was established in 2013.

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► Key Contributors to the European Construction Chemical Market: Germany, France, Italy, the UK, Russia, and the rest of Europe play significant roles in driving growth in the European construction chemical market. The region's expanding population has been a constant driver of growth in the construction industry. Moreover, innovations in remodeling industry trends, including accessibility remodeling, style mashing up, customizations, and technology integrations, are expected to further boost business growth.

► Concrete Admixtures Demand in Europe:
Europe stands as a dominant and leading regional market driving the global demand for concrete admixtures. The use of these solutions in industrial building projects has witnessed a significant surge, contributing to the expanding market for concrete admixtures in the region.

► Challenges in UK Construction Chemical Sector:
The UK's chemical output experienced a 9% decline between January and August 2022 due to high energy and input prices. The impact of price inflation continues to affect the market, with an expected further fall of 2% in 2023. Rising interest rates and high inflation have weakened household purchasing power, leading to a decrease in product demand. Consequently, a slowdown in construction activity is expected to reduce the demand for additives and coatings.

Major Developments in Europe Construction Chemical Industry
In June 2020, Due to the rising demand for its premium admixtures and surface protection solutions for the concrete industry, Ha-Be has increased the production and storage capacity at the Hameln, Germany, facility by 150,000 liters.

In March 2023, Cinven agreed to buy MBCC Group's Admixtures division from Sika AG. MBCC Admixtures, headquartered in Mannheim, Germany, has a global presence with over 1,600 workers and 35 production locations in the United Kingdom, the United States, Canada, Europe, Australia, and New Zealand.

France and China plans to invest USD 1.7 billion in seven significant infrastructure projects in Africa, Southeast Asia, and Eastern Europe.

In 2022, the construction of La Tour Triangle, the controversial Long Buildings, began in Paris. The construction project, which will meet Paris's growing need for business and hotel space, is expected to be completed in 2026. When completed, the project will comprise a 4-star hotel, office space, a conference center, a cultural center, a nursery, shops, a medical clinic, and restaurants.

The New Olefins Complex, which should be operational by 2025, will have a wide range of uses. It will be a key building block in the manufacturing of production of automotive parts, home appliances and electronics, cleaning and hygiene products, medical supplies, as well as synthetic fibers for the manufacturing of clothing and protective masks.

Future Growth Prospects in Construction Chemical Industry
The outlook for European housing construction is not likely to improve until 2024, but it is anticipated to regain strength after 2024. The largest rises are expected in Italy, Norway, Slovakia, and Poland. Rising building demand in France, Spain, and the United Kingdom will benefit the European construction chemical sector the most with growth rates range from 2.0% to 8%. Cumulative growth in the EC-15 countries is expected to be 1.3% in 2024, somewhat lower than the 3.1% predicted for the EC-4 countries. Ireland is anticipated to have the highest cumulative increase (5.4%), followed by Slovakia (3.6%) and Poland (3.4%). The largest European building markets are expected to remain stagnant.

► Scope of the Study
Makreo Research report titled "Europe Construction Chemical Market Analysis and Forecast (2018-2028) - Segmentation by Geography, Product, and End User" focuses on the specific sector of construction chemicals. It provides a comprehensive evaluation of the historical and current trends in the industry, segmenting the market based on product types, end-users, and geographical regions. The geographic analysis covers Germany, France, and the United Kingdom. Through a combination of qualitative and quantitative analyses, the study considers macroeconomic and microeconomic factors to offer a detailed understanding of the market. Moreover, the report carefully assesses the future outlook, taking into account changes in macroeconomic variables.

► Segmentation Covered
The report examines European construction chemical in terms of market revenue and further breakdown into market segmentation:

► By Geography
■ Germany
■ United Kingdom
■ France

► By Product Segmentation
■ Concrete Admixtures
■ Asphalts Additives
■ vWaterproofing Chemicals
■ Adhesives & Sealants
■ Flame Retardants and Others

► By End User
■ Residential
■ Commercial
■ Industrial
■ Infrastructural

► Key Questions Answered
■ How big is the Europe Construction Chemical market ?
■ At what rate Europe Construction Chemical market revenue grew in the past and what is the present state of the industry?
■ How Europe Construction Chemical Market is segmented and what are the dominating and rapidly evolving segments?
■ What are the major driving factors accounted for a push to the industry in the past?
■ Which region dominates the Europe Construction Chemical Market?
■ What is the present pricing scenario of Europe Construction Chemical?
■ What is the market share of Europe in Global Construction Chemical Market ?
■ How is the construction sector performing in all the regions?
■ What is the expected future of the Europe Construction Chemical market?
■ What are the factors to drive the Europe construction chemical market in future?

To Know More:
Europe Construction Chemical Market Analysis and Forecast (2018-2028) - Segmentation by Geography, Product, and End User
https://www.makreo.com/report/europe-construction-chemical-market-analysis-and-forecast-2018-2028

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This release was published on openPR.