Europe and CIS Construction Chemicals Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMCH2909 | Last Updated On: Jun 25 2022 | Available Formats

> Europe and CIS Construction Chemicals Market Expected to reach a high CAGR during the forecast period 2022-2029: DataM Intelligence

Europe and CIS Construction Chemicals Market is segmented By Type (Concrete Admixtures, Surface Treatment, Water Proofing, Industrial Flooring, Adhesives and Sealants, Protective Coatings, Flame Retardants, Others), By Application (Commercial, Residential, Infrastructure, Others), and By Region (Germany, U.K, France, Italy, Spain, Rest of Europe) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Europe and CIS Construction Chemicals Market is expected to grow at a CAGR during the forecasting period (2022-2029).

Construction chemicals are chemical formulations used with cement, concrete, or other construction materials at the time of construction to hold the construction material together.

The quality of cement has improved extensively with the utilization of the development of synthetic substances.

Construction chemicals have become an important component of the chemical industry, playing an important role in global infrastructure development. Improved development prospects in the construction business imply that numerous global organizations have begun contributing to creating advanced chemical product development.

Market Dynamics:-

Increasing construction activity, increasing adoption of innovative construction, and growing government developments are the key drivers that boost market growth. The growing awareness among architects, builders, contractors, and owners that construction chemicals help improve construction quality and performance will help the market boom in the future.

Governments are investing heavily in infrastructure and housing development. Government policies that promote energy-saving materials and environment-friendly speciality chemicals in construction drive the demand for environment-friendly performance chemicals, such as waterborne coatings.

The increase in the use of ready-mix concrete (RMC) is increasing the demand for construction chemicals. RMC in construction is around 7% of domestic cement demand and is expected to rise to 20% to 25% in the future.

High prices of construction chemicals, strict government regulations, and lack of skilled labour are the key restraints for market growth. The presence of various small-scale manufacturers that produce low-value products would compensate for the increasing prices of construction chemicals. On May 14, 2018, BASF Ltd. had increased the sales prices for all construction chemical products in small packages by over 10%, including a price review and restructure for air-entraining agents and air-controlling agents concrete admixtures.

Segmentation Analysis:-

Based on type, the market for Europe and CIS Construction chemicals is classified into concrete admixtures, protective coating, industrial flooring, waterproofing, adhesives & sealants, surface treatment, and others. Concrete admixtures accounted for the largest market share with XX% total in the year 2019.

The Europe and CIS Construction chemical market for concrete admixtures was worth USD XX million in 2019 and is forecasted to reach USD XX million by 2027, at a CAGR of XX% during the forecast period.

Admixtures are natural or manufactured chemicals added to the concrete before or during mixing. The use of admixtures in concrete is increasing rapidly in recent years due to its associated physical and economic benefits. The growing demand from consumers for better product quality has led to increased investments by companies in the R&D sector, leading to new concrete admixture products. For instance, in 2017, GCP Applied Technologies Inc. launched two new concrete admixtures, OPTEVA™ HE and TAVERO™VM, to deliver higher-performing, lower-cost cement production.

Based on application, Europe and CIS Construction chemicals' market is broadly segmented as commercial, infrastructure, and residential. The commercial sector is the largest market segment due to massive public and private investments in commercial high-rise buildings, recreational, institutional, government facilities, public works projects, retail outlets, and business office facilities.

Competitive Landscape:-

Some of the key market players are 3M, RPM International Inc., Clariant AG, BASF SE, Chryso SAS, DowDuPont Inc., Fosroc International Limited, Henkel AG & Co., RPM International S.P.A, and Sika AG.

The mergers and acquisitions, the formation of strategic partnerships with key market players, and the launch of green construction chemicals for eco-friendly solutions are vital parts of leading companies' business strategies.

Fosroc has introduced the new Patchroc250, a solution for highway repairs, featuring improved characteristics, providing the rapid setting and rapid strength gain but low heat generation, ensuring no thermal cracking at high thickness

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