Press release
Construction Chemicals Market Research Report with Global Analysis and Forecast by 2028
The Construction Chemicals 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.Construction chemicals are specialty products crucial for sustainable infrastructure and energy conservation in the construction industry. They are chemical formulations used with cement, concrete, and other construction materials at the time of construction to hold the construction materials together.
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Analysis of the Top Market Players:
1. Ashland Global Holdings Inc.
2. BASF SE
3. MAPEI S.p.A.
4. Sika AG
5. Fosroc, Inc.
6. Compagnie de Saint-Gobain S.A.
7. Pidilite Industries Limited
8. Choksey Chemicals Pvt Ltd
9. RPM International Inc.
10. Dow Chemicals Company
In this report, the market has been segmented on the basis of:
Product (Concrete Admixtures, Asphalt Additives, Waterproofing Chemicals, Adhesives and Sealants, Flame Retardants, and Others)
Application (Residential, Commercial, Industrial, Institutional, and Infrastructure)
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Based on application, the construction chemicals market is segmented into residential, commercial, industrial, institutional, and infrastructure. The residential segment holds the largest market share. Also, the market for this segment is expected to grow at the fastest pace during the forecast period. The expansion of the residential sector in countries, including China, India, Saudi Arabia, and the UAE, and the government support for the development of the sector drive the demand for construction chemicals. The Sakani program in Saudi Arabia was developed in 2017 by the Ministry of Housing and the Real Estate Development Fund with the aim of facilitating home ownership in the Saudi Arabia through the creation of new housing stock, allocating plots and homes to nationals, and financing their purchase. Thus, the increased initiatives and policies by the government of various countries encouraging the development of the residential construction sector is bolstering the constriction chemicals market growth.
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