Global Construction Chemical Market Size is Expected to Reach 24.94 Billion USD by 2025 With a CAGR of 6.24% - Valuates ReportsTM
GLOBAL CONSTRUCTION CHEMICAL MARKET OVERVIEW
BANGALORE, India, Nov. 22, 2019 /PRNewswire/ -- On the global chemical construction market, infrastructure is the most attractive segment. Because of the growth and urbanization which drives the need for green infrastructure and environmentally friendly goods, it would be the first choice for new entrants. Similarly, chemical products such as concrete admixtures help to minimize the amount of cement and water that is generally needed during construction.
GLOBAL CONSTRUCTION CHEMICAL MARKET TRENDS
The construction chemicals market is driven primarily by increasing demand for residential building, which accounts for almost 65.34 percent of Construction Chemicals total downstream consumption.
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In the construction chemicals industry, residential is the second most attractive category for new entrants. This group, representing nearly half of the global market, was the highest revenue generated in 2018.
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FACTORS INFLUENCING THE CONSTRUCTION CHEMICAL MARKET SHARE
- Increased adoption of new technology.
- Innovative construction procedures.
- Surging population, which is resulting in an increased need for infrastructural development around the world.
REGION WISE CONSTRUCTION CHEMICAL MARKET ANALYSIS
- The Asia-Pacific building industry is the world's biggest, growing at a good pace due to increasing population, increasing middle-class income, and urbanization.
- China is the biggest regional construction chemical market. The Chinese construction industry has grown at an annual pace of around 16.2 percent. The biggest construction market is anticipated to be non-residential buildings.
Segments in the Global Construction Chemical Market Production Based on Region
- United States
- Europe
- China
- Japan
- Other Regions
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GLOBAL CONSTRUCTION CHEMICAL MARKET SEGMENTS AND CLASSIFICATION
The overall construction chemical market is classified into three sections based on the type, application, and region.