The global surge in demand for advanced infrastructure such as bridges, buildings, highways, and airports is a primary driver.
WILMINGTON, DELAWARE, UNITED STATES, May 22, 2024 /EINPresswire.com/ — Allied Market Research published a comprehensive report titled “Construction Chemicals Market by Type (Concrete Admixtures, Waterproofing and Roofing, Repair and Rehabilitation, Industrial Flooring, Sealants and Adhesives, Cement Grinding Aids, and Others), By End-use Industry (Residential, Industrial/Commercial, Infrastructure, and Repair): Global Opportunity Analysis and Industry Forecast, 2023-2032.” The report projects that the market will generate $88.1 billion by 2032, up from $49.9 billion in 2022, reflecting a CAGR of 6.0% during the forecast period.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: https://www.alliedmarketresearch.com/request-sample/1682
๐ ๐๐๐ญ๐จ๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก:
– Infrastructure Development: The global surge in demand for advanced infrastructure such as bridges, buildings, highways, and airports is a primary driver.
– Technological Advancements: Growth in adherence to modern manufacturing standards fuels market expansion.
Emerging Economies: Rising demand for construction chemicals in developing nations presents significant growth opportunities.
๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐๐ฌ:
– Consumer Awareness: Lack of awareness among consumers affects market growth.
– Regulatory Changes: Stringent regulations, particularly concerning VOC emissions, pose challenges due to the industry’s price sensitivity.
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐ฒ๐ฉ๐:
– Concrete Admixtures: Dominating with over 40% market share in 2022, this segment is expected to continue its lead, driven by innovations that enhance strength, setting times, workability, and water reduction. Projected to grow at a CAGR of 6.3%.
๐๐ฒ ๐๐ง๐-๐ฎ๐ฌ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
– Industrial/Commercial: Leading with nearly 40% market share in 2022, this segment’s growth is fueled by the use of innovative materials and rapid developments in emerging markets.
– Infrastructure: Expected to register the fastest growth at a CAGR of 6.4% due to ongoing global infrastructural projects.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
Asia-Pacific: Dominated the market in 2022 with over 40% share and is anticipated to continue its lead with the fastest CAGR of 6.2%, driven by industrialization, economic growth, and a booming construction sector.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
– Prominent Companies:
– Cera-Chem Pvt.
– SWC Brother Company Limited
– Flowcrete Group Ltd.
– ACC Limited
– Chembond Chemicals Limited
– Evonik
– Sika AG
– Fosroc, Inc.
– MAPEI S.p.A.
– 3M
These companies engage in collaborations, new product launches, expansions, agreements, and joint ventures to enhance their market presence.
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ & ๐๐๐ญ๐๐ข๐ฅ๐ฌ:
– Forecast Period: 2023โ2032
– Base Year: 2022
– Market Size in 2022: $49.9 billion
– Market Size in 2032: $88.1 billion
– CAGR: 6.0%
– Pages: 250
– Segments Covered: Type, End-use Industry, and Region
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ข๐ง ๐๐ซ๐จ๐๐ฎ๐ซ๐ข๐ง๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ข๐ฌ๐ข๐ญ ๐๐๐ซ๐: https://www.alliedmarketresearch.com/construction-chemicals-market/purchase-options
David Correa
Allied Market Research
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