Construction Chemicals Market Key Players Analysis - Arkema SA, Ashland Inc., BASF SE, Fosroc International Ltd., Mapei Spa, Pidilite Industries Limited.

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 6.31% during the forecast period.

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Construction chemicals are specialized chemical substances utilized within the construction industry to enhance the performance and durability of building materials. These chemicals are incorporated into materials such as concrete, cement, and coatings to improve their strength, workability, and environmental sustainability. One of the primary applications of construction chemicals is to optimize the performance of concrete, reduce water and cement usage during construction processes, and increase overall construction efficiency.

The growing awareness of the environmental impact of traditional construction methods, coupled with evolving global regulatory frameworks, has driven increased adoption of construction chemicals. Key players in the construction industry are focusing on sustainable practices, such as the protection of underground structures using eco-friendly materials, thermal insulation, civil infrastructure preservation, polycarboxylate ether-based green admixtures, and cool roof treatments. These innovations are expected to contribute significantly to the industry's shift toward sustainability.

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.

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Market Dynamics:
Drivers:
The growth of the construction chemicals market is primarily driven by the expanding construction sector in developing countries, particularly within the new construction and repair and rehabilitation segments. Rapid population growth in nations such as China, India, and South Korea is fueling an increased demand for both residential and non-residential construction, which, in turn, stimulates the need for various construction chemicals. This heightened demand for construction materials, particularly cement, has significantly boosted the consumption of construction chemicals, including cement additives, concrete admixtures, and adhesives and sealants.

Challenges:
The use of construction chemicals during building processes can lead to the emission of volatile organic compounds (VOCs), which are toxic and can cause a range of health issues such as skin irritation, asthma, nausea, dizziness, headaches, and eye irritation. Common construction materials, such as acoustic ceiling tiles, solid wood, caulking sealants, and floor waxes, often release hazardous VOCs like acetone, formaldehyde, and butanol. Government regulations restricting the use of certain construction chemicals due to VOC emissions pose a challenge to the expansion of the construction chemicals market.

Regional Trends:
The construction chemicals market in the Asia Pacific region is expected to dominate in terms of revenue and experience significant growth at a high compound annual growth rate (CAGR) in the near future. This growth is driven by the booming construction industry in key markets such as India, China, South Korea, and Japan. China's large and growing population has made it one of the largest consumers of construction chemicals, while rapid industrialization continues to support market expansion. In Europe, the demand for construction chemicals is increasingly driven by the residential sector, particularly in high-end housing markets, including penthouses, flats, bungalows, and villas. The continued growth of demand for upscale living spaces with advanced amenities and architectural designs is expected to further fuel the market in the region.

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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

View Overview Report: https://www.insightaceanalytic.com/report/construction-chemicals-market/1744

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This release was published on openPR.