GLOBAL CONSTRUCTION CHEMICALS INDUSTRY

The worldwide building chemicals market is expected to increase at a 5.9% CAGR over the next five years. Construction chemicals are speciality goods that are essential for long-term infrastructure and energy conservation in the construction sector, as well as for increasing building durability and protecting against environmental dangers. In the global construction chemicals market, infrastructure is the most appealing area. Due to the growth in population and urbanisation, which promotes the need for sustainable infrastructure and environmentally friendly products, it would be the first choice for new entrants. Concrete admixtures and other chemical products can also help to reduce the amount of cement and water required during construction. Chemical compounds that improve the performance of concrete and extend the life of end products are known as construction chemicals. These addendums add value to the end user by lowering labour expenses and eliminating waste. The rise of the building sector, an increase in urbanisation, and an increase in conformity with the current manufacturing requirements are all major factors driving the construction of chemical market growth.

ENTREPRENEURIAL OPPORTUNITIES

The global building and infrastructure development activities are the major drivers of the construction chemicals industry. The Asia Pacific’s rapidly expanding construction market, led by China and India, will have a substantial impact on product demand. These compounds are widely used in the construction industry to improve the quality of cement, concrete, asphalt, and other materials. The Alpide Belt in Europe and Asia Pacific, as well as the Ring of Fire in Asia Pacific and the east coasts of North and Latin Americas, will increase market need for tougher and weather resistant buildings and infrastructure.

INDIA CONSTRUCTION CHEMICALS MARKET

The Indian construction chemicals market is expected to grow at a healthy rate, with a CAGR of more than 8%. The building chemicals industry in India is trending in a somewhat different direction than the global market. The demand for chemicals such as concrete admixtures, adhesives, sealants, and waterproofing, which have immediate physical impacts, is strong due to a lack of information about the long-term benefits of construction chemicals. The construction industry is one of the country’s largest, and it is expanding at a steady pace, because to rising population, rising middle-class income, and urbanisation. Various initiatives are being taken by the government to reform corporation taxes and make them more appealing to overseas investors. Investments in healthcare, education, housing, transportation, and water infrastructure are expected to increase as a result of the shift. Government initiatives, infrastructure demands, housing development, international investment, and public-private partnership projects are the major drivers of the Indian infrastructure sector, which maintains demand for construction chemicals.

TOP PLAYERS WORLDWIDE

• 3M Company
• ACC Limited
• BASF SE
• BuildCore Chemicals
• CHRYSO India
• Croda International Plc
• Evonik
• Fosroc Inc.
• MAPEI SpA
• Pidilite Industries Limited.
• Sika AG
• SWC Brother Company Limited.