Report ID: SQMIG15F2190
Report ID:
SQMIG15F2190 |
Region:
Global |
Published Date: June, 2024
Pages:
157
|
Tables:
67 |
Figures:
76
Construction Chemicals Market size was valued at USD 30.1 Billion in 2023 and is poised to grow from USD 32.69 Billion in 2024 to USD 40.78 Billion by 2032, growing at a CAGR of 8.6% during the forecast period (2025-2032).
In the upcoming years, the market will expand due to expanding infrastructural expansions and increased demand, particularly from the Asia Pacific region. Due to an increase in building and construction and other infrastructure-related activities, the global market is predicted to rise significantly. Moreover, over the projection period, the fast urbanization of several developing regions would support market expansion. Major corporations have been concentrating on R&D efforts to create new bio-based goods as the business is greatly impacted by several restrictions. Market development will likely be hampered by changes in raw material prices and supplies.
Nonetheless, throughout the projection period, an increase in residential and non-residential structures and construction activities worldwide will fuel product demand. The expansion of the maintenance and rehabilitation and new construction sectors is expected to support the growth of the construction products industry in emerging economies. Even in countries like South Korea, China, and India, where population growth is rapid, there is still a need for both residential and non-residential structures, which propels industry expansion. The demand for various building chemicals, such as cement additives, admixtures, sealants, and adhesives, has increased due to this necessity, which has increased cement usage.
US Construction Chemicals Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG15F2190