Written by domon » Updated on: April 05th, 2024
Construction chemicals are specialty chemical compounds used to speed up construction activities or improve the durability of existing structures. Moreover, construction chemicals impart structural and functional properties such as durability, finish, and resistance to adverse conditions to the finished structure. Expanding infrastructure sector coupled with the shifting preference towards green chemicals are the leading factors catering to the growth in the Global Construction Chemicals Market through 2026.
Country Insights: The United States of America is witnessing a positive outlook for the construction chemicals market due to the following drivers and trends:
Rising Construction Spending in the Nation:
The country accounts for a major share of the global construction chemicals market owing to the increasing government investment towards the strengthening of the construction sector. The rising number of private as well as public infrastructure development projects spanning residential and non-residential sectors are generating huge demand for construction chemicals in the United States.
Increasing number of infrastructure & renovation projects:
In addition to the pouring investments in public infrastructure and housing development projects, the country is also witnessing spurring demand for construction chemicals in a range of railway projects, greenfield airports, highways, and bridges, water & wastewater plants, ports & logistics as well as mass transit systems.
Partial List of Upcoming Construction Projects in the United States, By Sector, As of 2016
Project Stage
Sector
Investment (USD Billion)
Texas Central Railway
EIS
Rail - Intercity
10
Bay Delta Conservation Plan Tunnels, California
Planned
Water & Wastewater
25
New York La Guardia Terminal Expansion
Pre-Construction
Airports
3.6
Maryland Purple Line P3
Bidding
Urban Mass Transit
2.2
New International Trade Crossing
Contract Approved
Highways & Bridges
2
California High-Speed Rail
Phase 1 & 2 - Under Construction
Rail - Intercity
68
Texas Cotton Belt Regional Rail Corridor
EIS Complete
Urban Mass Transit
2.7
Altamira Port Expansion, Hidalgo
Feasibility Studies
Ports & Logistics
10.7
Jacksonville Harbor Deepening Project, Florida
Design
Ports & Logistics
0.9
South Mountain Freeway, Arizona
EIS
Highways & Bridges
1.9
Sepulveda Pass Transit Corridor, California
Feasibility Studies
Urban Mass Transit
8
Deepening Charleston Navigation Channel, South Carolina
Feasibility Studies
Ports & Logistics
0.42
Conclusion:
In conclusion, the Global Construction Chemicals market which stood at USD24.07 Billion in 2016 is expected to witness significant growth through 2026, owing to the rising number of construction projects globally. Several infrastructure and housing projects for the increasing population are expected to drive the demand for construction chemicals worldwide at a CAGR of 9% during 2017-26.
The global construction chemicals market is projected to reach USD56 Billion by the end of 2026 In conclusion, the Global Construction Chemicals market which stood at USD24.07 Billion in 2016 is expected to witness significant growth through 2026, owing to the rising number of construction projects globally. Several infrastructure and housing projects for the increasing population are expected to drive the demand for construction chemicals worldwide at a CAGR of 9% during 2017-26. The global construction chemicals market is projected to reach USD56 Billion by the end of 2026. You may also read for the United States Construction Chemicals Market.
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