Construction Chemicals Market Industry Share, Size, Future Demand, Global Research, Top Leading Players, Emerging Trends, Region by Forecast to 2026
The global construction chemicals market size is projected to reach USD 70.91 billion by the end of 2026. The need for improved infrastructure will open up a huge potential for the growth of the market. According to a report by Fortune Business Insights, titled “Construction Chemicals Market Size, Share & Industry Analysis, By Type (Admixtures, Flooring, Waterproofing, Repair & Rehabilitation, and Others), By Application (Residential, and Non-Residential), and Regional Forecast, 2019-2026,” the market was worth USD 42.32 billion in 22018 and will exhibit a CAGR of 6.7% during the forecast period, 2019-2026.
Construction
chemicals are used as additives in cement and other construction material. They
are widely used for improving the performance of several products, with a bid
to establishing durable and structures and interiors. The high investment in
the research and development of newer products will have a positive impact on
the growth of the market in the coming years. Besides durability, this
product provides strength to the substance in which they are used. The presence
of several large-scale companies will have a huge impact on the growth of the
market in the foreseeable future. The properties of construction chemicals such
have allowed applications across diverse construction sectors, subsequently
contributing to the growth of the market.
Variations in Product Offerings Will Aid Growth of the Market
The
report encompasses several factors that have contributed to the growth of the
market in recent years. Among all factors, the variations in product offerings
will have a huge impact on the growth of the market. Several large-scale
companies are looking to offer newer variations in these products with a bid to
establishing a stronghold in the market. The In December 2018, Fosroc announced
the launch of a green roof waterproofing grade of Polyurea. The product will
offer improved resistance and water permeability, accounting to which it will
witness huge demand in the coming years. Fosroc’s latest product will not only
have a positive impact on the growth of the company, but will influence the
growth of the market on a global scale.
Browse Complete Report Summary@ https://www.fortunebusinessinsights.com/construction-chemicals-market-102539
Asia Pacific to Emerge Dominant; Increasing Investment in Product
R&D by major Companies to Aid Growth
The
report analyzes the ongoing construction chemicals market trends across North
America, Latin America, Asia Pacific, the Middle East and Africa, and Europe.
Among these regions, Asia Pacific currently dominates the market. The availability
of raw materials has attracted start-ups as well as encouraged established
companies. Besides Asia Pacific, the market in North America will witness
considerable growth in the coming years. As of 2018, the market in North
America was worth USD 9.8 billion and this value is projected to increase
further in the coming years.
Industry Developments:
September 2019: BASF unveiled a new production
plant in the Philippines for supply of construction chemicals in local market.
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