The Construction chemicals market primarily revolves around building and infrastructural activities. The global construction chemicals market was valued at $43,873.65 million in 2018 and is anticipated to reach $59,350.06 million by 2023, at a projected CAGR of 6.23%. The market has seen a significant amount of growth due to emerging economies such as China, India, Brazil, Egypt, Saudi Arabia, UAE, and Colombia. Factors like growing awareness about the quality of construction, advancements in technology and upcoming projects in housing, public infrastructure, and commercial spaces are impacting the market positively. The increasing concern for environmental damage due to the effluent wastes and greenhouse gases discharged by construction industries is a major setback. Of the total greenhouse gas emissions globally, the construction industry is responsible for 19.1% of it.
Leading Players- BASF SE, The Dow Chemical Company, W.R. Grace, Pidilite Industries, RPM International Inc., Sika A.G., Mapei S.p.A , Fosroc International, Ashland Inc., and Arkema S.A
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Key Factors Driving the Global Materials Chemicals Market Growth
The global materials chemicals market revenue is primarily attributed to factors such as growth are fast-paced industrialization globally, rising demand for raw materials and chemicals in the buildings construction, food beverage, pharmaceutical, agriculture, textile, and pulp paper industries, and increasing demand for essential consumer goods including packaged foods beverages, household hygiene products, and personal care products cosmetics. Increasing industrial applications of specialty chemicals, surge in demand for high-performance, organic agrochemicals, growing environmental awareness among consumers, growing need for eco-friendly and sustainable raw materials chemicals, and increasing government investments in the materials chemicals industry are other factors driving revenue growth of this market.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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By Type
- Flooring
- Repair
- Water Proofing Roofing
- Concrete Admixtures
- Sealants Adhesives
- Other chemicals
By End-Use
- Industrial/Commercial
- Infrastructure
- Residential
- Repair Structures
Frequently Asked Questions Addressed in the Report:
- What is the estimated market revenue growth over the forecast period?
- What are the major factors driving the global Construction Chemicals market revenue growth?
- Which regional market is expected to account for the largest revenue share in the global Construction Chemicals market over the forecast years?
- Which are the leading players in the global Construction Chemicals market?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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