WESTFORD, Mass., July 23, 2024 /PRNewswire/ -- According to
SkyQuest, the global Construction Chemicals Market size was
valued at USD 27.74 billion in 2022
and is poised to grow from USD 30.1
billion in 2023 to USD 37.55
billion by 2031, growing at a CAGR of 8.6% in the forecast
period (2024-2031).
The construction market has always been the leader in the adoption
of innovations, and construction chemicals being the top domain.
Construction chemicals are specially made to play a key role in
sustainability, durability, and performance and they are today
prominently used in modern constructions. The past few years have
shown many unique, strong, and appealing structures with the help
of these chemicals. Also, with the growing population, the
construction needs increase, and therefore, rising demand for
better infrastructure is projected to impact industry growth.
Most emerging economies are undergoing several construction
projects including bridges, buildings, highways, airports, and
more. These chemicals are essential and highly demanded due to
their durability and sustainability, making them highly tolerable
to extreme temperatures and environmental factors.
Download a detailed
overview:
https://www.skyquestt.com/sample-request/construction-chemicals-market
Construction Chemicals Market Overview:
Report
Coverage
|
Details
|
Market Revenue in
2023
|
USD 30.1
Billion
|
Estimated Value by
2031
|
USD 37.55
Billion
|
Growth Rate
|
Poised to grow at a
CAGR of 8.6%
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Type, End User, and
Region
|
Geographies
Covered
|
North America, Europe,
Asia-Pacific, Latin America, and Middle East and Africa
|
Report
Highlights
|
Updated financial
information / product portfolio of players
|
Key Market
Opportunities
|
Growing Urbanization,
mainly in the Developing Economies
|
Key Market
Drivers
|
Development of Novel
Construction Chemical Technologies and Products
|
Segments covered in Construction Chemicals Market are
as follows:
- Type
- Concrete Admixture (Mineral Admixture {Fly Ash, Silica Fume,
Rice Husk Ash, Granulated Blast Furnace Slag}, Chemical Admixture
{Super Plasticizer, Normal Plasticizer, Accelerating Agent,
Retarding Agent, Air-entraining Agent, Waterproofing Admixture}),
Construction Adhesive, Construction Sealant, Flame Retardant,
Others
- End-User
- Residential, Industrial/Commercial, Infrastructure, Others
Request Free Customization of this
report:
https://www.skyquestt.com/speak-with-analyst/construction-chemicals-market
Improved Properties to Drive the Demand for Concrete
Adhesives, Leading the Segment
Based on Type, the concrete admixtures domain held a major
market share in 2022 and is expected to lead over the forecast
period owing to the introduction of fresh and improved admixtures.
These newly launched admixtures are dedicatedly made with enhanced
characteristics that lead to their amplified demand in
construction. These products offer advantages like speedy setting
times, better strength, enhanced workability, and less water usage.
These features are boosting the demand for improved chemicals,
thereby fueling the construction chemicals market.
Construction adhesives is the fastest-growing domain in the
construction chemicals market. These adhesives are widely used
despite the presence of conventional products, which is propelling
the market. The construction adhesives offer properties like better
resistance, flexibility, and strong bonding. They hold common
applications in panels, flooring, tiles, and several other
structures. The constant growth of commercial and residential
schemes is considerably affecting the heavy adoption of these
adhesives, thus driving the construction chemicals market.
View report summary and Table of Contents
(TOC):
https://www.skyquestt.com/report/construction-chemicals-market
Residential Segment Continue to Dominate Due to Increasing
Spending Power and Rapid Urbanization
The residential segment dominated the construction chemicals
market in the past years. The reasons for the amplified growth
include speedy urbanization, growing population, and increasing
spending power of consumers. The growing spending power of
consumers is also significantly impacting the industry progress.
Concerning durability and endurance required in the different
structures, construction chemicals are widely adopted comprising
waterproofing chemicals, concrete admixtures, sealants, and more.
Also, growing awareness and adoption of smart homes are remarkably
impacting the growth of the construction chemicals market.
Infrastructure is the fastest-growing domain in the market
backed by heavy spending in infrastructure for building of bridges,
roads, tunnels, and more donating to the speedy growth of the
domain. Better investments lead to better use of strong chemicals
to support strength and tolerance to extreme temperatures. People
today are increasingly modernizing their homes with increasing
urbanization, which again supports market growth. Expansion of
projects along with growing awareness for construction chemicals is
assisting the market growth.
Innovations and Trends to Bring in More Sustainability in
Future
With continuous changes and transformations, the construction
industry grows with key importance. Implementing these innovations
and trends is not just proof of the industry's devotion to
efficiency and sustainability, but also a consideration of abundant
potential for better structures in future. The construction
chemicals industry is ever-changing and highly dynamic with
thrilling improvements that are changing the way modern
constructions are built and maintained. These advancements not just
enhance construction practices but also add to an
environment-friendly and sustainable future for the market.
Construction chemical producers are also focusing to see beyond the
boundaries of potential, offering the world more notable
developments.
Related Report:
Specialty Chemicals Market
Specialty Oilfield Chemicals Market
Agrochemicals Market
Crop Protection Chemicals Market
Water Treatment Chemicals Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and
Accelerator of Technology and assets. We provide access to
technologies, markets and finance across sectors viz. Life
Sciences, CleanTech, AgriTech, NanoTech and Information &
Communication Technology.
We work closely with innovators, inventors, innovation seekers,
entrepreneurs, companies and investors alike in leveraging external
sources of R&D. Moreover, we help them in optimizing the
economic potential of their intellectual assets. Our experiences
with innovation management and commercialization has expanded our
reach across North America,
Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj
Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/
Logo :
https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/construction-chemicals-market-set-for-growth-as-projects-surge-aiming-for-usd-37-55-billion-by-2031--skyquest-technology-302203715.html