Rapid urbanization, favorable manufacturing standards, and rise of construction industry across the world drive the growth in the global construction chemicals market. However, lack of consumer awareness and changes in regulatory scenario hinder the market growth. On the other hand, surge in awareness regarding energy conservation and sustainable infrastructure create opportunities across the world.
A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.
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The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.
On the basis of application, the report is sub-segmented into residential, industrial/commercial, infrastructure, and repair structures. Among these, the residential and infrastructure segments together contributed for three-fifths of the total market share in 2018, and will maintain its dominance throughout the forecast period, owing to high demand of construction chemicals in these applications with rapid urbanization globally.
The Construction chemicals market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.
Based on region, Asia-Pacific held the largest market share in 2018, accounting for more than two-fifths of the global construction chemicals market, and is expected to maintain its lead status in terms of revenue throughout the forecast period. However, this segment is expected to grow at the fastest growth rate with a CAGR of 6.7% from 2019 to 2026. North America is expected to register a CAGR of 4.4% during the forecast period. The report also analyzes Europe and LAMEA.
Construction Chemicals Companies Covered Market:- BASF SE, Arkema SA, Ashland Inc., Fosroc International Limited, Mapie S.p.A, Pidilite Industries, RPM International Inc. Sika AG, The Dow Chemical Company, W.R. Grace & Company and Other.
Analysis of COVID-19 impact
The outbreak of the pandemic has had a massive impact on the majority of industries and the Construction chemicals market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Construction chemicals market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.
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