Global Construction Chemicals Market Report 2022 – Market Forecast, Trends And Strategies

The global construction chemicals market size is expected to grow from $39.59 billion in 2021 to $43.02 billion in 2022 at a compound annual growth rate (CAGR) of 8.6%. The global construction chemical market size is expected to grow to $56.59 billion in 2026 at a CAGR of 7.1%.

What is the Global Construction Chemicals Market?

The construction chemicals market consists of sales of construction chemicals by entities (organizations, partnerships, sole traders) that are chemical compounds that are utilized in the creation of buildings. Construction chemicals are chemical compositions that are employed with cement, concrete, or other construction components to bind them together during construction. They are essentially used to speed up the process and add more sustainability and strength to the structures.

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What drives the Global Construction Chemicals Market?

The increasing demand in construction is significantly contributing to the growth of the construction chemicals market. Construction is the process of building, altering, repairing, remodeling, improving, or demolishing any structures. Construction chemicals help in the elimination of abrasions and the strengthening of bonds, extending the life of buildings. For instance, according to the FMI Corporation, a US-based management consulting company, in comparison to 2021, engineering and construction investment will increase by 5% in 2022. Major countries contributing to this growth are China, India, and the USA. Therefore, the increase in construction is expected to propel the growth of the construction chemicals market moving forward.

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Global Construction Chemicals Market Segments
The global construction chemicals market is segmented:
By Type: Concrete Admixtures, Waterproofing and Roofing, Repair, Flooring, Sealants and Adhesives, Others
By End-User: Commercial, Industrial, Infrastructure and Public Places, Residential, Public Space
By Geography: The regions covered in the construction chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Construction Chemicals Global Market Report 2022provides market size and growth forecasts for the global construction chemicals market, global construction chemicals market share, construction chemicals market segments and geographies, construction chemicals market competitive landscape including leading competitors’ revenues, profiles and market shares. The construction chemicals market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Construction Chemicals Industry Playersinclude Imperial Brands plc, Arkema S.A., Dow Chemical Company, Fosroc International Ltd., Mapei S.p.A, RPM International Inc., Sika AG, Henkel AG & Co. KGaA, Ashland Global Specialty Chemicals Inc, Pidilite Industries Ltd, W. R. Grace and Co., CICO Group, Akzo Nobel N.V., and 3M Company. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.