According to ChemAnalyst report, “Global Repair and Rehabilitation Construction Chemicals Market Analysis: Demand & Supply, Type, End-User Industries, Sales Channel, Regional Demand 2015-2030” The Global Repair and Rehabilitation Construction Chemicals market is anticipated to grow at a CAGR of 4.37% during the forecast period till 2030. The surging demand for Construction Chemicals in order to support sustainable construction coupled with rising environmental uncertainties is increasing the demand for Global Repair and Rehabilitation Construction Chemicals.
Repair and Rehabilitation Construction Chemicals are a category of Construction Chemicals that are used for the maintenance of the infrastructures against destruction and safeguarding them. For repair and rehabilitation purposes, epoxy resins are highly used for repair and construction work by maintaining the damaged structure and forming better concrete joints. The chemicals used in Repair and Rehabilitation Construction include concrete curing compounds, polymer bonding agents, Asphalt modifiers, dust proofs, floor hardeners, protective and decorative coatings, installation aids, high-strength grouts, surface retarders, cement additives, water proofing systems, etc.
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Growth in emerging economies, where there is a demand for Construction Chemicals that minimize both cost and environmental footprint and increase performance in the development of infrastructure, along with industrial, commercial, and residential construction activities is propelling the Construction Chemicals market worldwide. Changing lifestyles and increasing civilization are the key factors driving the demand for construction chemicals. An increase in the demand for reflective elastomeric roof coatings as a replacement for roof problems is enhancing the need for Construction Chemicals in commercial buildings. An exponential hike in the demand for green Construction Chemicals due to ecological advantages by various government and non-government organizations is bringing up new opportunities in the Construction Chemicals market. Increasing sales of concrete admixtures including plasticizers, waterproof coatings, dispersants, accelerating agents, and others are further augmenting the growth of the global Construction Chemicals market.
The global Repair and Rehabilitation Construction Chemicals market is segmented based on type, end-use, sales channel, and region. Based on type, the global Repair and Rehabilitation Construction Chemicals market is segregated into Repair Mortars, Polyester and Epoxy-Based Resin Mortars, Moisture Insensitive Epoxies, Structural Additives, Concrete Floor Repairing Chemicals, Synthetic Adhesives Corrosion Inhibitors, and Rust Removers.
Based on the end-user industry, the global Repair and Rehabilitation Construction Chemicals market is segmented into Residential, Non-residential, Commercial, and Others. Among these, the commercial sector is dominating the Repair and Rehabilitation Construction Chemicals market with a market share of 36% in 2022 and is expected to dominate the market in the forthcoming years.
Region-wise, the Asia Pacific region holds the largest share of the Repair and Rehabilitation Construction Chemicals market worldwide followed by Europe. Increasing infrastructure and construction activities are driving the construction industry in Asia Pacific. Due to the exponential growth in the construction markets of China, India, Indonesia, and other South-east Asian countries, Asia Pacific is anticipated to retain as the leading consumer even in the forecast period. Asia Pacific is the largest market of concrete admixtures propelled by the demand for construction chemicals for hotels, commercial buildings, stadiums, etc. North America is expected to witness a substantial increase in demand, backed by the enhanced stress of green technologies and eco-friendly construction chemicals.
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According to ChemAnalyst report, “Global Repair and Rehabilitation Construction Chemicals Market Analysis: Demand & Supply, Type, End-User Industries, Sales Channel, Regional Demand 2015-2030”, Major players for Repair and Rehabilitation Construction Chemicals globally are BASF, Dow Chemical Company, MC Bauchemie, Formitex Group, Jiahua Chemical Incorporation, Chowgule Construction Chemicals, Thermax, Pychem, Sika, ECMAS Construction Chemicals, Sauereisen and Others.
“Being linked to multiple applications in infrastructure and construction activities, the global Repair and Rehabilitation Construction Chemicals Industry has displayed an impressive growth in the past years. Regionally, Asia Pacific region is the major consumer of the Repair and Rehabilitation Construction Chemicals. Growing per capita income in developing countries and economies poises a stronger outlook to the global Repair and Rehabilitation Construction Chemicals demand. ”said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
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