Turkey Construction Chemical Market (2022-2028) | Size, Share, Outlook, Growth, Industry, Revenue, Forecast, Analysis, Trends, Value & COVID-19 IMPACT

Turkey Construction Chemical Market Synopsis

The construction chemical market in Turkey is forecasted to grow during. Construction chemicals are chemicals or compounds that are added to concrete, mortar, plaster, etc. to improve their performance and durability.

According to 6Wresearch, the Turkey Construction Chemical Market Size is expected to grow during 2022-2028. The rising demand for infrastructure development and housing projects is the major factor driving the growth of the construction chemical market in Turkey. The government's focus on developing the country's infrastructure is also supplementing the market growth. In addition, the growing tourism industry is another key factor expected to drive the demand for construction chemicals in Turkey over the forecast period.

However, the high cost of construction chemicals is a major challenge restraining the market growth. Moreover, stringent environmental regulations regarding VOC emissions are another key factor hampering market growth. 

The country’s construction industry has been on an upward growth trajectory in recent years, supported by government initiatives such as the New Airport Istanbul project and the housing transformation program. This has resulted in increased demand for construction chemicals in Turkey.

Construction chemicals are used to improve the properties of concrete, mortar, plaster, grout, and other construction materials. They help improve the strength and durability of buildings and infrastructure.

Key Players in Turkey Construction Chemical Market

Some of the major players operating in Turkey’s construction chemicals market include AkzoNobel NV, BASF SE, Dow Chemical Company, Evonik Industries AG, Henkel AG & Co. KGaA, Pidilite Industries Ltd., Sika AG, Wacker Chemie AG, and 3M Company. 

Turkey Construction Chemical Industry News

The major drivers for the growth of the market are the growing construction industry, government initiatives, and foreign investments.

The Turkish construction industry is one of the largest in the world and is expected to grow further in the coming years. This will lead to increased demand for construction chemicals in the country. Government initiatives such as 'Vision 2023' and 'Urban Transformation Project' are also expected to drive the growth of the market.

Foreign investments have been flowing into Turkey due to its favourable investment climate. This has led to an increase in construction activities in the country, which is further expected to boost demand for construction chemicals.

Market Analysis by End-use

The residential segment is projected to dominate the market over the forecast period. This can be ascribed to the growing number of new housing projects in the country. Turkish President Recep Tayyip Erdo?an’s initiative to provide affordable housing for all economic classes has driven demand for construction chemicals in Turkey.

The construction chemicals market in Turkey is forecast to grow during the period. The construction chemicals industry is one of the fastest growing industries in the country. The increase in construction activities, due to the growing population and economic development, is the major factor driving the growth of the market.

Market Analysis by Type

Concrete Admixtures Segment to Witness Significant Growth. Concrete admixtures held the largest share of the market and are expected to retain their dominance during the forecast period. The growth of this segment can be attributed to the increase in demand for high-quality concrete for infrastructural development projects. Moreover, the growing construction activities, such as residential and commercial buildings; infrastructural developments, including airports and seaports; water treatment plants; bridges; tunnels; roads; dams; railways; and power plants, also contribute to the growth of this segment.

COVID-19 Impact on Turkey Construction Chemical Market

The outburst of the pandemic has declined the Turkey Construction Chemical Market Growth due to the stringent norms on construction and infrastructure development. The upcoming development projects were paused due to the imposing of lockdown. Moreover, the restriction on movement also disrupted the supply chain of the market.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Turkey Construction Chemical Market Outlook
• Market Size of Turkey Construction Chemical Market, 2021
• Forecast of Turkey Construction Chemical Market, 2028
• Historical Data and Forecast of Turkey Construction Chemical Revenues & Volume for the Period 2018 - 2028
• Turkey Construction Chemical Market Trend Evolution
• Turkey Construction Chemical Market Drivers and Challenges
• Turkey Construction Chemical Price Trends
• Turkey Construction Chemical Porter's Five Forces
• Turkey Construction Chemical Industry Life Cycle
• Historical Data and Forecast of Turkey Construction Chemical Market Revenues & Volume By Type for the Period 2018 - 2028
• Historical Data and Forecast of Turkey Construction Chemical Market Revenues & Volume By Concrete Admixtures for the Period 2018 - 2028
• Historical Data and Forecast of Turkey Construction Chemical Market Revenues & Volume By Water Proofing & Roofing for the Period 2018 - 2028
• Historical Data and Forecast of Turkey Construction Chemical Market Revenues & Volume By Repair for the Period 2018 - 2028
• Historical Data and Forecast of Turkey Construction Chemical Market Revenues & Volume By Flooring for the Period 2018 - 2028
• Historical Data and Forecast of Turkey Construction Chemical Market Revenues & Volume By Sealants & Adhesives for the Period 2018 - 2028
• Historical Data and Forecast of Turkey Construction Chemical Market Revenues & Volume By Other chemicals for the Period 2018 - 2028
• Historical Data and Forecast of Turkey Construction Chemical Market Revenues & Volume By End-Use for the Period 2018 - 2028
• Historical Data and Forecast of Turkey Construction Chemical Market Revenues & Volume By Residential? for the Period 2018 - 2028
• Historical Data and Forecast of Turkey Construction Chemical Market Revenues & Volume By Industrial/Commercial? for the Period 2018 - 2028
• Historical Data and Forecast of Turkey Construction Chemical Market Revenues & Volume By Infrastructure for the Period 2018 - 2028
• Historical Data and Forecast of Turkey Construction Chemical Market Revenues & Volume By Repair Structures for the Period 2018 - 2028
• Turkey Construction Chemical Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By End-Use
• Turkey Construction Chemical Top Companies Market Share
• Turkey Construction Chemical Competitive Benchmarking By Technical and Operational Parameters
• Turkey Construction Chemical Company Profiles
• Turkey Construction Chemical Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Type

• Concrete Admixtures
• Water Proofing & Roofing
• Repair
• Flooring
• Sealants & Adhesives
• Other Chemicals

By End-Use

• Residential
• Industrial/Commercial
• Infrastructure
• Repair Structures