Market Forecast By Types (Concrete Admixtures, Concrete Adhesives, Concrete Sealants, Protective Coating, Industrial Flooring, Waterproofing & Roofing and Other Chemicals), By Applications (Residential, Industrial, Commercial and Infrastrusture), By Countries (US, Canada and Rest of North America) and Competitive Landscape.
Product Code: ETC000819 | Publication Date: Sep 2019 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 198 | No. of Figures: 90 | No. of Tables: 30 |
Report Name | North America Construction Chemical Market |
Forecast period | 2024-2030 |
CAGR | 6.30% |
Growing Sector | Residential Construction |
The North America Construction Chemical Market report comprehensively covers the market by types, applications, and countries. The analysis delivers a thorough and detailed description of current market trends, growth forecasts, and market drivers. This information assists stakeholders in strategizing and aligning their market tactics with the existing and future market scenarios.
Strong growth is being experienced by the North American construction chemical market, primarily due to demand from the residential, industrial, commercial, and infrastructure sectors. The principal motivators are the growing need for effective construction chemicals and the integration of various kinds, including industrial flooring, waterproofing & roofing, concrete admixtures, adhesives, and sealants, as well as other chemicals, into complex systems. Construction chemicals have several uses and a wide range of applications, which greatly aids in market expansion. The development of a variety of building chemicals is facilitated by partnerships with international providers of construction chemicals combined with indigenous creativity. The market's emphasis on user-friendliness, sustainability, and quality attests to its dedication to great building chemicals.
According to 6Wresearch, the North America Construction Chemical Market size is projected to grow at a formidable CAGR of 6.30% during the forecast period 2024-2030. Numerous variables impact the North American market for construction chemicals. Consumers are increasingly searching for construction chemical solutions that are both eco-friendly and highly efficient. Construction chemicals are becoming more and more well-liked because of their environmental benefits and long lifespan. Furthermore, more people are becoming aware of the advantages of strong construction chemicals, such as their longevity, effectiveness, and low maintenance needs. Additionally, because of its adaptability to a broad range of applications and the significance of safety and environmental regulations in numerous industries, Construction Chemicals' market share is increasing. All things considered, the convergence of long-term trends, customer preferences, product benefits, and industry standards is driving growth in the North American construction chemical market.
However, there are obstacles in the way of the North American Construction Chemical Market's expansion. Changing prices for raw materials, stringent environmental laws, and complex supply chain management are some of these difficulties. These difficulties are made worse by the necessity for constant innovation and the quick changes in market trends. The expansion of the market may be significantly impacted by disruptions to the worldwide supply chain for building chemicals. Strategic partnerships, R&D expenditures, effective supply chain management, and flexible solutions to the complexity of the market are required to meet these challenges.
Siemens, ABB, and Schneider Electric are among the leading players in the North American construction chemical industry. They are renowned for their expertise in producing high-quality construction chemicals for a broad spectrum of applications.
Government rules are essential for maintaining high standards of quality, environmental sustainability, and fair trade practices in the construction chemical sector. Governments in North America have imposed laws on the construction chemical sector in a number of areas in an effort to safeguard customers and promote moral corporate practices. These rules could cover production processes, quality criteria to ensure superior product quality, and labelling guidelines to improve product openness. Moreover, regulations imposed by the government that require sustainable methods in the production and handling of building chemicals may allay environmental concerns. In order to keep their good name and please clients, businesses in the North American construction chemical market must abide by these rules.
In the coming years, it is projected that the North American construction chemical industry will grow rapidly due to a number of factors, including infrastructure expansion, increased usage of digital solutions, and digital transformation. The demand for construction chemicals is expected to rise in industries like residential, industrial, commercial, and infrastructure as the focus on improving construction efficiency increases. It is anticipated that the construction industry would grow as a result of the application of contemporary chemical technology to enhance process control and boost overall operational performance. Furthermore, the incorporation of state-of-the-art technologies into building chemical processes, such as artificial intelligence (AI), the Internet of Things (IoT), and big data analytics, has the potential to accelerate market expansion in North America.
According to Dhaval, Research Manager, 6Wresearch, The market segment with the highest predicted growth is concrete additives. High levels of potency and resilience are provided by concrete admixtures, which enable businesses to increase the calibre and lifespan of their building projects.
It is anticipated that the market sector with the highest growth would be residential applications. In order to improve the longevity and environmental friendliness of construction projects, the residential sector is progressively using construction chemical solutions.
The market segment expected to grow at the fastest rate is the US one. This is mostly explained by the fact that building chemical solutions are widely used in a variety of industries and by the existence of significant market participants in the nation.
The North America Construction Chemical Market report offers an in-depth analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Construction Chemical Market Overview |
3.1 North America Construction Chemical Market Revenues, 2020-2030F |
3.2 North America Construction Chemical Market Revenue Share, By Types, 2020 & 2030F |
3.3 North America Construction Chemical Market Revenue Share, By Applications, 2020 & 2030F |
3.4 North America Construction Chemical Market Revenue Share, By Countries, 2020 & 2030F |
3.5 North America Construction Chemical Market Industry Life Cycle |
3.6 North America Construction Chemical Market- Porter's Five Forces |
4 North America Construction Chemical Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Construction Chemical Market Trends |
6 North America Construction Chemical Market Overview, By Types |
6.1 North America Concrete Admixtures Construction Chemical Market Revenues, 2020-2030F |
6.2 North America Concrete Adhesives Construction Chemical Market Revenues, 2020-2030F |
6.3 North America Concrete Sealants Construction Chemical Market Revenues, 2020-2030F |
6.4 North America Protective Coating Construction Chemical Market Revenues, 2020-2030F |
6.5 North America Industrial Flooring Construction Chemical Market Revenues, 2020-2030F |
6.6 North America Waterproofing and Roofing Construction Chemical Market Revenues, 2020-2030F |
6.7 North America Other Construction Chemical Market Revenues, 2020-2030F |
7 North America Construction Chemical Market Overview, By Applications |
7.1 North America Residential Construction Chemical Market Revenues, 2020-2030F |
7.2 North America Industrial Construction Chemical Market Revenues, 2020-2030F |
7.3 North America Commercial Construction Chemical Market Revenues, 2020-2030F |
7.4 North America Infrastructure Construction Chemical Market Revenues, 2020-2030F |
8 US Construction Chemical Market Overview |
8.1 US Construction Chemical Market Revenues, 2020-2030F |
8.2 US Construction Chemical Market Revenue Share, By Types, 2020 & 2030F |
8.3 US Construction Chemical Market Revenue Share, By Applications, 2020 & 2030F |
9 Canada Construction Chemical Market Overview |
9.1 Canada Construction Chemical Market Revenues, 2020-2030F |
9.2 Canada Construction Chemical Market Revenue Share, By Types, 2020 & 2030F |
9.3 Canada Construction Chemical Market Revenue Share, By Applications, 2020 & 2030F |
10 Rest of North America Construction Chemical Market Overview |
10.1 Rest of North America Construction Chemical Market Revenues, 2020-2030F |
11 North America Construction Chemical Market Opportunity Assessment |
11.1 North America Construction Chemical Market Opportunity Assessment, 2020-2030F |
11.2 North America Construction Chemical Market Opportunity Assessment, By Types, 2020-2030F |
11.3 North America Construction Chemical Market Opportunity Assessment, By Applications, 2020-2030F |
11.4 North America Construction Chemical Market Opportunity Assessment, By Countries, 2020-2030F |
12 North America Construction Chemical Market Competitive Landscape |
12.1 North America Construction Chemical Market Revenue Share, By Companies, 2023 |
12.1.1 US Construction Chemical Market Revenue Share, By Companies, 2023 |
12.1.2 Canada Construction Chemical Market Revenue Share, By Companies, 2023 |
12.2 North America Construction Chemical Market Competitive Benchmarking, By Operating Parameters |
13 Company Profiles |
14 Strategic Recommendations |
15 Disclaimer |