Construction Chemicals Market to Grow at a 6.2% CAGR to Hit USD 73 Billion by 2025– Global Insights on Size, Share, Trends, Growth, Key Players & Future Outlook
The Global Construction Chemicals Market is driven by the enormous growth prospective for infrastructural investment with changing extravagant lifestyles. The region APAC generated the largest revenue in the construction chemicals market.
Dallas, TX -- (SBWire) -- 02/03/2020 --The global construction chemicals market is driven by factors such as increased demand for environmental friendly and strong infrastructure. Furthermore, increase in demand for construction of sustainable energy is also likely to enhance and boost the growth of the market in the estimated forecast period. Moreover, increased in demand for infrastructure is also likely to boost the growth of the market.
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In addition, increase in demand for the use of durability of the infrastructure is one of the major attributes which is likely to increase the demand for the global construction chemicals market in the estimated forecast period. Furthermore, increase in demand for the conservation and energy is one of the major attributes which is likely to boost the growth of the market in the estimated forecast period. Moreover, increased population is also likely to contribute to the growth of the market in the estimated forecast period. In addition, increase in disposable income also boost the growth of the market.
Cement is hazardous chemical and is harmful for the environment, thereby reducing the demand for the market in the estimated forecast period. Increased use of sustainable money is also one of the major contributors for the growth of the market. Technological advancements has led to the increased demand for the energy conservation which is likely to contribute to the growth of the market in the estimated forecast period. In addition, in the past few years, there has been a widescale increase in the urbanization which is also one of the major factors which boost the growth of the market.
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Several chemical mixtures are being made to reduce the environmental hazards. In addition, several factors such as increased demand for the chemical factories is also one of the major factors which is likely to boost the demand for the market. There are several facilities which are required for the repairing which is one of the major factor which is likely to boost the growth of the market in the estimated forecast period. Moreover, increased awareness among consumers is also likely to boost the growth of the market. Increased demand for the residential and commercial buildings has led to increased need for the use of construction chemicals market. However, high costs of the materials and lack of infrastructure facilities is one of the factor which is likely to hinder the growth of the market.
The global construction chemicals market can further be fragmented into types of application, type and on the basis of geography. On the basis of application, it can be segmented as concrete admixture, construction adhesives, protective coatings, construction sealants and others. Based on the number of the regions covered, the market is further sub-segmented in to Europe, Asia Pacific, North America, and MEA. North America is one of the regions with the largest share in the market.
BASF , W.R Grace and Co., Sika AG, Mapei, RPM, Pidilite, SWC, Arkema SA, Ashland, Forsoc International Limited, Bostik, Elotex, Henkal KGA, Dow Chemicals are the leading players present within the global construction chemicals market.
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Key segments of the global construction chemicals market
Type Overview, 2015-2025 (Kilo tons) (USD million)
Concrete Admixture
Construction Adhesive
Construction Sealants
Protective Coatings
Application Overview, 2015-2025 (Kilo tons) (USD million)
Residential
Non-Residential/ Infrastructure
Regional Overview, 2015-2025(Kilo tons) (USD million)
North America
US
Rest of North America
Europe
UK
Italy
France
Germany
Rest of Europe
Asia Pacific
South Korea
Japan
India
China
Rest of Asia Pacific
South America
Brazil
Rest of South America
Middle East & Africa
GCC
South Africa
Rest of MEA
Who should buy this report?
This study is suitable for industry participants and stakeholders in the construction chemicals industry, who want an in-depth insight into the market
The report will benefit:
- Executives of construction chemicals manufacturing companies that are engaged in the chemical manufacturing and distribution
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to construction chemicals.
- Venture capitalist looking into investing capital
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative solutions.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies
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About Adroit Market Research
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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