October 21, 2021 07:03 ET | Source: Research and Markets Research and Markets
Dublin, Oct. 21, 2021 (GLOBE NEWSWIRE) -- The "Construction Chemicals Market - Growth, Trends, COVID-19 Impact, and Forecast (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering. The Global Construction Chemicals Market size was estimated at USD 47,997.12 million in 2020 and the market is projected to register a CAGR of over 6% during the forecast period (2021-2026). The market was negatively impacted by COVID-19 in 2020.With the beginning of the COVID-19 pandemic though construction work stopped all across the world, especially in major construction hubs, like China, India, United States and European nations. For instance in South Korea, the construction industry is expected to contract by about 3% in 2020 due to the coronavirus outbreak and slower economic growth. Loss of investment plans and termination of planned projects might be experienced in the market after the lockdown and normalization of business operations, further affecting building and construction across the region.
Over the short term, growing construction activities in the Asia-Pacific region especially in ASEAN countries, increased adoption of new technology, and innovative construction procedures are some of the factors driving the growth of the market studied. For instance, Malaysia's biggest megaproject, the MYR44bn (USD14.3bn) East Coast Rail Link (ECRL) project is likely to drive the market for construction chemicals in the Asia-Pacific region.
Increasing environmental regulations regarding VOC emissions remains a constraint for the growth of the market studied. The concrete admixture segment dominated the market, by product type. Moreover, it is expected to witness the highest CAGR during the forecast period.
The residential segment dominated the market, by end-user industry. However, the industrial segment is expected to witness the highest CAGR during the forecast period.
Key Market Trends Increasing Demand for Concrete Admixtures
Asia-Pacific Region to Dominate the Market
Competitive Landscape The global construction chemicals market is fragmented in nature, as the top 10 players account for a share less than 40% in the market studied. Major players in the market include Sika AG, Arkema, RPM International Inc., MAPEI, and Dow. Reasons to Purchase this report:
Key Topics Covered: 1 INTRODUCTION 1.1 Study Assumptions 1.2 Scope of the Study 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET DYNAMICS 4.1 Drivers 4.1.1 Rising Residential and Commercial Construction Activities in the Asia-Pacific Region 4.1.2 Strengthening Demand for Water-based Products 4.2 Restraints 4.2.1 Regulations For VOC Emissions and Inadequacy of Skilled Labor 4.2.2 Unfavorable Conditions Arising due to COVID-19 Impact 4.3 Industry Value-Chain Analysis 4.4 Porter's Five Forces Analysis 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Consumers 4.4.3 Threat of New Entrants 4.4.4 Threat of Substitute Products and Services 4.4.5 Degree of Competition 4.5 Price Analysis 5 MARKET SEGMENTATION 5.1 Product Type 5.2 End-use Sector 5.3 Geography 6 COMPETITIVE LANDSCAPE 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements 6.2 Market Share Analysis 6.3 Strategies Adopted by Leading Players 6.4 Company Profiles 6.4.1 3M 6.4.2 Arkema 6.4.3 Ashland 6.4.4 BASF SE 6.4.5 Bolton Group 6.4.6 Cemetaid (N.S.W.) Pty Ltd 6.4.7 Chryso SAS 6.4.8 CICO Group 6.4.9 Conmix Ltd 6.4.10 Dow 6.4.11 Fosroc Inc. 6.4.12 Franklin International 6.4.13 GCP Applied Technologies Inc. 6.4.14 Henkel AG & Co. KGaA 6.4.15 LafargeHolcim 6.4.16 MAPEI 6.4.17 MUHU (China) Construction Materials Co., Ltd. 6.4.18 Nouryon 6.4.19 Pidilite Industries Ltd. 6.4.20 RPM International Inc. 6.4.21 Grupa Selena 6.4.22 Sika AG 6.4.23 Thermax Limited 7 MARKET OPPORTUNITIES AND FUTURE TRENDS 7.1 Upcoming Construction Projects In the United States 7.2 Increasing Focus on Sustainable Materials For more information about this report visit https://www.researchandmarkets.com/r/uklpus