Construction Chemicals Market Beyond Basic Materials: How Construction Chemicals Enhance Performance and Sustainability

Construction Chemicals Market to reach over USD 99.74 billion by the year 2031 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Construction Chemicals Market Size, Share & Trends Analysis Report By Type (Concrete Admixtures, Water Proofing & Roofing, Repair, Flooring, Sealants & Adhesives, Asphalt Additives, Flame-retardants, shrinkage reducing agents, bond breakers, and mold release agents) by Application (Residential, Industrial/Commercial, Infrastructure and Repair structures)- Market Outlook And Industry Analysis 2031"

The global construction chemicals market is estimated to reach over USD 99.74 billion by 2031, exhibiting a CAGR of 6.22% during the forecast period.

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Construction chemicals are special compounds added to construction materials like concrete, cement, and coatings. These chemicals enhance the strength, durability, and overall performance of structures. They can even reduce the amount of cement and water needed during construction, making the process more efficient.

Several factors are driving the use of construction chemicals, particularly in building operations. Increasingly stringent government regulations and growing awareness of the environmental impact of traditional construction methods are key factors. Major players in the industry are focusing on sustainability,

developing eco-friendly materials for waterproofing subterranean structures, high-performance roof treatments, thermal insulation solutions, and green admixtures based on polycarboxylate ethers to protect civil infrastructure.

List of Prominent Players in the Construction Chemicals Market:
• Arkema SA
• Ashland Inc.
• BASF SE
• Bostik; Inc.
• Cera-Chem Private Limited.
• Chembond Chemicals Ltd.
• Fosroc International Ltd.
• H.B. Fuller
• Henkel AG & Company
• Mapei Spa.
• Pidilite Industries Limited
• RPM International Inc.
• Sika AG
• The Dow Chemical Company
• W. R. Grace & Co.

Market Dynamics:
Drivers-
The expanding construction industry in developing nations is predicted to promote the development of the construction chemicals market, which will be driven primarily by the growing new construction and repair and rehabilitation sectors. Because of rapid population expansion in China,

India, and South Korea, increased demand for residential and non-residential constructions will fuel industry growth. This need has also boosted cement usage, resulting in a strong demand for various construction chemicals such as cement additives, concrete admixtures, and adhesives and sealants.

Challenges:
Construction chemicals are utilized during construction activities, which can result in VOCs, which are toxic and can cause skin irritation, asthma, nausea, disorientation, headaches, and eye irritation. Several residential building materials contain hazardous VOCs, such as acetone, formaldehyde, and butanol, which are emitted through acoustic ceiling tile, solid wood, caulking sealant, and floor wax. Governmental laws restricting the use of construction chemicals due to VOC emissions operate as a restraint on the expansion of the construction chemicals market.

Regional Trends:
The Asia Pacific, construction chemicals market, is expected to register a major market share in terms of revenue and is projected to develop at a high CAGR in the near future due to the rising building industry in India, China, South Korea, and Japan. China's rapidly increasing population has rendered the nation a major user of construction chemicals.

Furthermore, rapid industrialization is boosting the market for construction chemicals. The residential segment, which includes middle-class housing, elite housing, and low-cost housing, is predicted to drive the European construction chemical industry. The demand for penthouses, flats, bungalows, and villas with amenities and high-end architecture continuously increases.

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Recent Developments:
• In June 2021, Saint-Gobain agreed to buy Chryso, a global construction chemical sector leader. Chryso's acquisition fits well into Saint-strategic Gobain's global leadership ambition in sustainable construction. Combined sales of more than €3 billion across 66 countries will strengthen the Group's position in the burgeoning building chemicals sector.
Segmentation of Construction Chemicals Market-
By Type-
• Concrete Admixtures
• Waterproofing & Roofing
• Repair
• Flooring
• Sealants & Adhesives
• Others
By Application-
• Residential
• Industrial
• Infrastructure
• Repair Structures
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.