Market Forecast by Countries (United States, Canada), By Type (Concrete Admixtures, Water Proofing & Roofing, Repair, Flooring, Sealants & Adhesives, Other chemicals), By End-Use (Residential , Industrial/Commercial , Infrastructure, Repair Structures) And Competitive Landscape
Product Code: ETC059769 | Publication Date: May 2021 | Updated Date: Jun 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
North America Construction Chemical Market report thoroughly covers the market by countries, type and end use. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America construction chemical market is expected to grow significantly in the coming years, driven by various factors such as increasing construction activities and infrastructure development projects, rising demand for durable and high-performance building materials, and favorable government initiatives.
According to 6Wresearch, North America Construction Chemical Market size is expected to grow at a significant CAGR of 5% during 2024-2030. One of the major drivers for the growth of the North America construction chemical market is the increasing number of construction activities in both residential and commercial sectors. With rapid urbanization and population growth, there is a constant need for new housing and commercial spaces, hence driving the demand for construction chemicals. Additionally, the region has been witnessing significant investments in infrastructure development projects, which further boosts the demand for construction chemicals.
Moreover, there is a growing trend towards using high-performance building materials that can enhance the durability and strength of structures. This has led to an increased demand for construction chemicals such as waterproofing agents, concrete admixtures, and adhesives that can improve the overall quality of buildings.
North American construction chemical market is dominated by key players such as BASF SE, Dow Chemical Company, and Sika AG. These companies are constantly investing in research and development to introduce new and innovative products to cater to the changing needs of the industry.
The North America construction chemical market also benefits from favorable government initiatives aimed at promoting sustainable and eco-friendly construction practices. For instance, several states in the US have implemented green building codes that mandate the use of environmentally friendly materials and technologies in construction projects. This has created a significant demand for green construction chemicals in the region.
With increasing investments in infrastructure development projects and growing demand for high-performance building materials, the North America construction chemical market is expected to continue its growth trajectory in the coming years. However, stringent government regulations and fluctuating raw material prices may pose challenges for market players.
According to Ravi Bhandari, Research Head, 6Wresearch, as the largest economy in North America and one of the top economies globally, it is no surprise that the United States holds a dominant position in the construction chemical market. The country's robust infrastructure investment plans, coupled with increasing demand for sustainable building practices, have driven the demand for construction chemicals in the country.
Concrete admixtures are dominating the North America construction chemical market, with a significant share in terms of revenue. These admixtures are used to enhance the properties of concrete, such as strength, workability, durability, and setting time. They also reduce water content in concrete mixtures and have a positive impact on the environment by reducing carbon emissions.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Construction Chemicals Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Construction Chemicals Market Revenues & Volume, 2020 & 2030F |
3.3 North America Construction Chemicals Market - Industry Life Cycle |
3.4 North America Construction Chemicals Market - Porter's Five Forces |
3.5 North America Construction Chemicals Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 North America Construction Chemicals Market Revenues & Volume Share, By Type, 2020 & 2030F |
4 North America Construction Chemicals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Construction Chemicals Market Trends |
6 North America Construction Chemicals Market, 2020 - 2030 |
6.1 North America Construction Chemicals Market, Revenues & Volume, By Type, 2020 - 2030 |
7 United States Construction Chemicals Market, 2020 - 2030 |
7.1 United States Construction Chemicals Market, Revenues & Volume, By Type, 2020 - 2030 |
8 Canada Construction Chemicals Market, 2020 - 2030 |
8.1 Canada Construction Chemicals Market, Revenues & Volume, By Type, 2020 - 2030 |
9 North America Construction Chemicals Market Key Performance Indicators |
10 North America Construction Chemicals Market - Opportunity Assessment |
10.1 North America Construction Chemicals Market Opportunity Assessment, By Countries, 2020 & 2030F |
10.2 North America Construction Chemicals Market Opportunity Assessment, By Type, 2020 & 2030F |
11 North America Construction Chemicals Market - Competitive Landscape |
11.1 North America Construction Chemicals Market Revenue Share, By Companies, 2023 |
11.2 North America Construction Chemicals Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |