Posted On: 2021-08-09
Concrete admixtures garnered the largest share in South Africa construction chemicals market revenues in 2020 – 6Wreseach.
South Africa construction chemicals market is projected to grow on account of considerable emphasis by the government of South Africa on infrastructure development and construction, as a vital engine of urban growth and development in recent years, which has acted as a catalyst for the expansion of the country’s construction chemicals market. The increasing construction of residential and commercial buildings in Tier II cities such as Kimberley, Bloemfontein, Polokwane, and Port Elizabeth, as well as the lifting of lockdown measures and the restart of construction activities, have facilitated the provision of construction chemicals in several parts of South Africa. Furthermore, as a result of the pandemic COVID-19, numerous South African regions re-entered an economic slowdown in 2020, resulting in reduced construction and manufacturing activity in the country. Market revenues, on the other hand, regained momentum in the second half of 2020 and are expected to resume a typical growth trajectory in 2021 and beyond.
According to 6Wresearch, the South Africa Construction Chemical Market is expected to grow at a CAGR of 6.7% during 2021-2027. Construction chemicals are crucial for sustainable infrastructure and energy conservation in construction industry. Owing to their low consumer recognition, use of construction chemicals is not high in South Africa. With proper understanding of this industry, use of construction chemicals is expected to increase, and, as a result, the market is anticipated contribute to economy in a significant way. Further, South Africa is predicted to see a boom in construction activity as a result of rising urbanisation and continuous government attempts to increase infrastructure development, therefore the industry is expected to grow in the future years.
According to Kajal Saraswat, Research Analyst, Research and Consulting, 6Wresearch, “Infrastructure is the leading contributor to overall construction chemicals market revenues in South Africa, owing to the increasing number of infrastructure development projects in the country, including the N3 Paradise Valley, Mariannhill Toll Plaza, Small Harbours Development, Hotel Hoedspru, N1 Ventersburg, Kroonstad, and many others. Furthermore, due to increased demand for housing and domiciliary building in urban regions around the country, the residential end-user category is predicted to have the second biggest revenue size in the coming years.”
“Furthermore, rising concrete admixture usage in the infrastructure sector is expected to boost the growth of the South African construction chemicals market through 2027. Additionally, South Africa's growing emphasis on water and waste management, as well as major investment in new development, would result in extensive usage of construction chemicals.” Kajal concluded
South Africa Construction Chemical Market (2021-2027) report provides an in-depth analysis with 15 figures and 8 table covered in 82 pages. The South Africa construction chemical market report comprehensively covers the market by product types and end users. The South Africa construction chemical market outlook report provides an unbiased and detailed analysis of the South Africa construction chemical market trends, opportunities, high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.