Press release
Europe and CIS Construction Chemicals Market Overview By 2030
Europe and CIS Construction Chemicals Market-DataM Intelligence
When building, construction chemicals are chemical mixtures that are used with cement, concrete, or other building materials to keep the materials together. The use of newly developed synthetic materials has resulted in a significant improvement in cement quality. Building materials have grown to be a significant part of the chemical industry and are crucial to the development of global infrastructure. Better growth prospects in the building industry suggest that many international organizations have started to support the development of innovative chemical products.
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Market Dynamics:
Rising government developments, rising building activity, and rising adoption of innovative construction are the main factors propelling the market's expansion. Future market growth will be aided by the increasing understanding among architects, builders, contractors, and owners that construction chemicals can enhance construction performance and quality. Governments are making significant investments in housing development and infrastructure. Environmentally friendly performance chemicals, such waterborne coatings, are in high demand because of government laws that support the use of energy-efficient building materials and environmentally friendly specialty chemicals.
The need for building chemicals is rising as ready-mix concrete (RMC) usage rises. RMC now accounts for 7% of the demand for cement made domestically, but it is predicted to grow to 20% to 25% in the future. The primary barriers to market expansion are the high cost of building chemicals, stringent regulatory regulations, and a shortage of competent labor. The existence of numerous small-scale producers of low-quality goods would offset the rising cost of building chemicals. On May 14, 2018, BASF Ltd. announced a pricing review and restructuring for air-entraining agents and air-controlling agents used in concrete admixtures. The company also raised sales prices for all construction chemical products in tiny packages by more than 10%.
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Major Key Players:
3M, RPM International Inc., Clariant AG, BASF SE, Chryso SAS, DowDuPont Inc., Fosroc International Limited, Henkel AG & Co., RPM International S.P.A, and Sika AG.
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