North America Construction Chemicals Market Trends, Share, Revenue, Key Players, Challenges, Opportunities and Future Outlook


North America Construction Chemicals Market Trends, Share, Revenue, Key Players, Challenges, Opportunities and Future Outlook: SPER Market Research

 Category : Chemical & Materials

 Published: Feb-2024
 Author: SPER Analyst

North America Construction Chemicals Market is projected to be worth USD 21.65 Billion by 2033 with a CAGR of 4.8%.

When we talk about construction chemicals, we're talking about a broad category of chemical compounds that are utilised in building projects to improve the qualities and functionality of building materials. Admixtures for concrete, waterproofing compounds, adhesives, sealants, coatings, and repair materials are only a few of the uses for these substances. They are essential to maintaining the structural soundness, lifespan, and visual appeal of infrastructure and structures.

North America Construction Chemicals Market Driving Factors and Challenges

The growing need for chemical solutions in the construction industry is driving considerable expansion in the North American construction chemicals market. Specialised materials called construction chemicals are used to improve the efficiency, robustness, and sustainability of building projects. These substances have several advantages, including increased adhesion, decreased building time and expenses, waterproofing and corrosion protection, and strengthened concrete. A robust economy, favourable commercial real estate market conditions, and rising federal and state financing for public works and institutional buildings all contributed to the US construction industry's continuous growth. The residential sector in the US is growing more slowly than the non-residential sector. It is anticipated that the nation's expanding population would increase demand for homes. In addition, it is anticipated that during the following ten years, 20 million new homes will be built. Over the coming years, growth in the commercial construction industry is anticipated in the United States.

The adoption of construction chemicals can be strongly impacted by cost factors, particularly in projects with tight budgets where greater upfront costs might be unaffordable. Furthermore, a lack of understanding regarding the advantages and uses of contemporary building chemicals may prevent the industry from growing. Manufacturers and end users face additional difficulties due to strict regulatory compliance, which requires them to understand the intricate safety criteria and laws governing the use of building chemicals. To ensure safe and legal use of contemporary chemicals in construction projects, it is necessary to adhere to strict regulatory standards, educate people about cost-effectiveness, and highlight the advantages of these materials.

Impact of COVID-19 on North America Construction Chemicals Market
The market for building chemicals in North America has a mixed response from the Covid-19 outbreak. Reductions in construction activity, supply chain interruptions, and lockdown measures all caused havoc in the construction industry. Nonetheless, some areas shown resilience, such as maintenance and infrastructure initiatives. As building operations resumed, the market for construction chemicals exhibited fluctuations before progressively recovering. The epidemic also highlighted how crucial it is to treat building surfaces with antibacterial and sanitary coatings.

North America Construction Chemicals Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; 3M, Arkema Group, Ashland, BASF SE, CEMEX S.A.B. de C.V., Dow, Five Star Products, Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, HOLCIM, LATICRETE International, Inc., MAPEI SpA, RPM International Inc., Saint-Gobain, Sika AG, Others.

North America Construction Chemicals Market Segmentation:

By Product Type: Based on the Product Type, North America Construction Chemicals Market is segmented as; Adhesive and Sealants, Cement Grinding Aids, Concrete Admixture, Grout and Anchor, Industrial Flooring, Protective Coatings, Repair and Rehabilitation, Surface Treatment.

By End User: Based on the End User, North America Construction Chemicals Market is segmented as; Commercial, Industrial, Infrastructure, Residential.

By Region: This research also includes data for Canada, Mexico, United States, Rest of North America.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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