According to TechSci Research report, “United States Construction Chemicals Market By Product Type (Concrete Admixtures, Waterproofing Chemicals, Protective Coatings, Construction Adhesive, Construction Sealant, Flame Retardant, Specialty Coatings, Bitumen Emulsifier, Others), By Application (Residential, Industrial/Commercial, Infrastructure, Repair Structures), By Region, By Company, Competition, Forecast & Opportunities, 2025”, United States construction chemicals market is expected to witness a formidable CAGR during the forecast period. Shift in trend towards green and energy-efficient buildings is one of the major factors accounting for the growth of United States construction chemicals market. Moreover, surge in population and urbanization is further expected to bode well for the growth of United States construction chemicals market through the forecast period. In addition to this, major companies operating in the market have been focusing on research and development activities to develop new bio-based products, which is positively influencing the growth of United States construction chemicals market. Also, the benefits attained in making construction structure more economical, both for contractors and other interest holders, is further making headway for the growth of United States construction chemicals market. However, the factor that might act as major impediment to the growth of United States construction chemicals market during the forecast period are fluctuation of prices and supply of the raw materials.
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United States construction chemicals market can be segmented based product type, application, company, and region. Based on application, the market is categorised into residential, industrial/commercial, infrastructure, and repair structures. Out of these, the residential category accounted for largest share in the construction chemicals market until 2019 and is likely to witness higher growth during the forecast period, which can be accredited to the increasing population across the globe, which is leading to upsurge in demand for quality housing. Moreover, rise in demand for domiciliary buildings in urban areas is further anticipated to boost the growth of segment over the coming years. In terms of product type, the concrete admixtures dominated the market until 2019 on account of the fact that usage of admixtures reduces the overall construction cost by changing the properties of the hardened concrete compared to other types of construction materials.
Arkema S.A., Ashland Inc., BASF SE, Fosroc International Limited, Mapei S.P.A., W. R. Grace & Co., Pidilite Industries Limited, THE Dow Chemical Company, RPM International Inc., Sikka AG, Zhejiang Wulong Chemical Industry Company Limited, Kao Chemicals Global, Huntsman Corporation, The 3M Company, Bostik Company, are among others are the leading players operating in United States construction chemicals market. The players are adopting several growth strategies to enhance the market scenario of construction chemicals. Other competitive strategies include new product developments; mergers & acquisitions; agreements, partnerships, and collaborations; and expansions to diverse their product portfolio in order to strengthen their market positions.
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“United States is expected to witness formidable growth until 2025 on account of various initiatives taken by the government to promote infrastructural development in the country. In addition to this, chemical products such as concrete admixtures, etc., help in reducing the amount of cement and water, which is generally used during construction, thereby contributing to the growth of construction chemicals market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Construction Chemicals Market By Product Type (Concrete Admixtures, Waterproofing Chemicals, Protective Coatings, Construction Adhesive, Construction Sealant, Flame Retardant, Specialty Coatings, Bitumen Emulsifier, Others), By Application (Residential, Industrial/Commercial, Infrastructure, Repair Structures), By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of United States construction chemicals market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in United States construction chemicals market.
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