Construction Chemicals Comprehensive Study
Construction Chemicals Market Scope
Construction chemicals are used with cement, concrete or other construction materials for holding construction material together, essential for sustainable substructure and energy conservation in the construction industry. Moreover, construction chemicals are used to increase the strength of constructions and to offer protection from environmental dangers. The global construction chemicals market is primarily driven by the rapid growth in the construction industry, fueled by urbanization, infrastructural development, and rising demand for sustainable building solutions. Additionally, advancements in chemical formulations enhance product performance, including durability, strength, and environmental resistance, further propelling market growth. However, the market faces restraints from stringent regulations regarding chemical emissions and environmental impact, along with fluctuating raw material prices, which can affect profitability. Opportunities abound in the increasing adoption of eco-friendly construction materials and technologies, such as green buildings and energy-efficient structures, as well as the expansion of infrastructure projects in emerging economies, presenting significant growth potential for construction chemical manufacturers.
"According to AMA, the Global Construction Chemicals market is expected to see growth rate of 5.1% and may see market size of USD65743.19 Million by 2030."Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Construction Chemicals market throughout the predicted period.Croda International Plc (United Kingdom), ACC Limited (India), Evonik Industries (Germany), SWC Brother (China), Henkel (Germany), BASF SE (Germany), JSW (India), Dow (United States), Mapei (Italy), Fosroc, Inc. (United Kingdom), H.B. Fuller (United States), Saint-Gobain (France), Sika AG (Switzerland), 3M Company (United States), Pidilite Industries (India) and ECMAS (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are RAZON (India), Thermax Chemical (India) and CICO Group (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Construction Chemicals market by Type and Region with country level break-up.On the basis of geography, the market of Construction Chemicals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
On 11th September 2018, RPM International Inc. has acquired Nudura Corporation, the leading manufacturer and distributor of insulated concrete forms (ICF) in North America. and On 5th January 2018, Pidilite Industries Ltd. has acquired 70% stake in equity shares of CIPY Polyurethanes Pvt. Ltd., a leading player of manufacture and sale of floor coatings using polyurethanes, epoxies, polyurea and polyaspartic polymers.On 27th August 2018, Sika AG has announced that it inaugurated first production facility in Ethiopia which can offer high potential for growth in the construction materials segment.
Influencing Trend:
Rising Urbanization and Up surging Demand of Green-Efficient Buildings
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Market Growth Drivers:
Fueling Demand in Emerging nations and Refining Quality of Construction
Challenges:
Cost Variation of Row Material
Restraints:
Already Established Construction in Developed Country
Opportunities:
Rising Use of Ready-To-Mix Concrete and Need to Introduce New Product and Services
Key Target Audience
Construction Chemicals Manufacturers and Suppliers, Trade Associations, organizations related to Construction Chemicals, Government bodies such as regulating authorities and policy makers, Industry associations, Government and Private Research Centre and Others