Shibuya-ku, Tokyo, Japan, Japan, Apr 26, 2022, 02:38 /Comserve / -- The construction chemicals market expected to register a revenue of $48.9 million by 2026, increasing from $31.7 million in 2018 at a healthy CAGR of 5.6%.
Significantly growing urbanization along with booming construction activities across the globe are some of the key factors for the rising demand for construction chemicals, during the forecast period. Also, heavy and sudden downpours, milder climate, and wetter winters tremendously reduce the durability of buildings. The environmental hazards also affect the indoor climate of buildings as well. So, to overcome such problems, builders prefer construction chemicals.
This factor will propel the construction chemicals market growth, during the forecast period. In addition, construction chemicals enhance the properties of construction sites like durability, compressive strength, and resistance to undesirable working conditions. Due to these above-mentioned elements, it is expected that the construction chemicals market will have rapid growth, during the forecast period.
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However, growing environmental regulatory regulations of VOC (volatile organic compounds) emissions are expected to hinder the growth of the global market. On the other hand, the eco-friendly construction chemicals have a high significance in the construction activities. Market leaders are focusing more on the silicate binder system, which has a lower environmental impact, longer shelf life, and high efficiency. Also, the silicate binder system protects buildings' surfaces from acids, salts, and any other aggressive media. These global environmental initiatives by market leaders of the construction chemicals market are further anticipated to create vast opportunities for the global market.
Based on type, the global construction chemicals market is broadly categorized into sealant & additives, concrete admixtures, flooring, repair, water proofing & roofing, sealants & adhesives, flooring and others. The concrete admixtures have significant share in the market and it is projected to generate a revenue of $12.7 million by 2026, rising from $8.9 million, surging at a healthy CAGR of 4.6%.
Based on application, the construction chemicals market is broadly categorized into industrial/commercial, residential, repair structures, and infrastructure. The infrastructure segment has witnessed immense growth in the market and it is anticipated to surpass $12.8 million over the forecast period, rising at a healthy rate of 6.2%.
Asia-Pacific construction chemicals market has witnessed significant growth. This market was valued at $11.3 million in 2026 and it is projected to upsurge at a healthy CAGR of 6.2%. The North-America construction chemicals market has the largest market share in the global market. This market has registered revenue of $14.2 million, during the projected period.
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Leading construction chemicals market players consist BASF SE, Arkema SA, MAPEI S.p.A., Sika A.G., Fosroc, Inc., W. R. GRACE & CO., Dow, Pidilite Industries Ltd., RPM International Inc., and Ashland among many others.
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