In a recent published report, Kenneth Research has updated the market report for Construction Chemicals Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Construction Chemicals Market products.
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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
As per the latest report published by Variant Market Research, Global Construction Chemicals Market is estimated to reach $46.6 billion by 2024; growing at a CAGR of 6.3% from 2016 to 2024. Construction chemicals involve chemical formulations used with cement, concrete, or other construction material to accumulate the construction materials together. To achieve its aesthetic, functional, and design necessities of civil structures, these specialty materials are mixed in a definite quantity with the construction materials. As construction chemicals are the important elements of chemical industry, they perform an important function in the global infrastructure development. These construction chemicals also reduce the quantity of cement and water that are usually required during the construction. These chemicals are specialty chemicals which are used in constructing any buildings to give additional protection from environmental risks and to improve their life.
Growing adoption in developing countries, rapid urbanization, rising global construction industry, rising quality of construction and economics, and growing conformity with recent manufacturing standards are the factors driving the growth of the construction chemicals market. However, changing economic cycles and low consumer responsiveness may hinder the growth of the market. Furthermore, growing responsiveness towards sustainable infrastructure & energy conservation and Use of Ready-To-Mix Concrete (RMC) in several developing nations might provide with several growth opportunities in the forecasted years.
The global construction chemicals market has been segmented into type and geography. The construction chemicals market is further segmented by type as concrete and mixture, adhesives and sealants, asphalt additives, protective coatings, and other types.
By geography, the market has been bifurcated into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The U.S., Canada, Mexico are covered under North America wherein Europe covers UK, Germany, France Italy, and Rest of Europe. Asia-Pacific covers China, Japan, India, South Korea, and others. RoW covers South America, Middle East, and Africa.
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The key players operating in the market are BASF SE, Ashland Inc., Arkema S.A., MAPEI S.p.A., Fosroc International Ltd., RPM International Inc., The Dow Chemical Company, W. R. Grace & Co., Sika AG, and Pidilite Industries Limited, among others.
The key takeaways from the report
The report will provide detailed analysis of Construction Chemicals Market with respect to major segments such as type and geography
The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Construction Chemicals Market has been included in the report
Profile of the key players in the Construction Chemicals Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Construction Chemicals Market
Type Segments
Concrete and Mixture
Adhesives and Sealant
Asphalt Additives
Protective Coatings
Other Types
Geographical Segments
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North America
U.S.
Canada
Mexico
Europe
UK
Russia
Germany
France
Italy
Others
Asia-Pacific
India
China
Japan
South Korea
Others
Rest of the World
South America
Middle East
Africa
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