Apr 23, 2020   SOURCE: BusinessWire

United States Construction Chemicals Market (2020 to 2025) - Growth, Trends and Forecast - ResearchAndMarkets.com

The "United States Construction Chemicals Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The United States construction chemicals market is estimated to witness a healthy growth, at an estimated CAGR of over 6%, over the forecast period. Rising demand from the housing sector and increase in renovation and repair activities are expected to drive the growth of the market studied.

The concrete admixture segment dominated the market, by product type. Moreover, it is expected to witness the highest CAGR during the forecast period. Tightening immigration laws coupled with the on-going trade policies are likely to hinder the market's growth in the coming years.

Companies Mentioned

  • 3M
  • ADCO
  • Arkema Group
  • Ashland
  • BASF SE
  • Cementaid (N.S.W.) Pty. Ltd
  • Chryso SAS
  • Dow
  • Franklin International, Inc.
  • Henkel AG & Co. KGaA
  • LafargeHolcim
  • MAPEI SpA
  • Pidilite Industries Ltd
  • RPM International Inc.
  • Saint-Gobain
  • Sika AG

Key Market Trends

Increase in Renovation and Repair Activities

  • The renovation and repair activities in the country's construction sector have been increasing slowly, with growing investments, majorly in the residential sector. The growth is expected to decrease slowly in the coming years, owing to slowdown in the number of housing sales in the country.
  • The United States accounts for the highest share in the North American construction chemicals market, with around 80% of the regional share. The growth in the construction industry is driving the construction chemicals market in the country.
  • Increasing global warming and consequences of the resultant climate changes are forcing the country to make regulations to reduce carbon emissions, thereby, resulting in an increased need for infrastructure modification.
  • Infrastructure modification is expected to encourage repair construction activities in the country, rather than new construction activities.
  • The US government has planned to reduce greenhouse gas emissions by 26-28%, by 2025, and is framing various regulations and laws to achieve the target.
  • The move facilitates a growing demand for construction chemicals, with stringent environmental regulations being made and increasing construction activity, thereby, boosting the sales of construction chemicals in the country.

Increasing Demand for Concrete Admixtures

  • Concrete admixtures are ingredients that are added to the concrete mixture before or during mixing. Concrete admixtures reduce concrete construction cost by modifying the properties of hardened concrete, thereby ensuring better quality during mixing, transporting, placing, and curing. This allows users to overcome emergencies during concrete operations.
  • The admixture is generally added in a relatively small quantity, ranging from 0.005% to 2%, by weight of cement. However, overuse of admixtures has detrimental effects on the quality and properties of concrete.
  • Based on function, admixtures are categorized into several types, which include air-entraining, retarding, accelerating, plasticizing, and water reducing, among others. The special category admixtures have various functions, including shrinkage reduction, corrosion inhibition, workability enhancement, alkali-silica reactivity reduction, bonding, coloring, and damp proofing.
  • United States is the third largest market for concrete admixture in the North America region, owing to the massive growth in construction activities in the country. Various incentives by the governments to promote the infrastructure sector, coupled with the booming residential sector have largely facilitated the growth of the construction sector in the country, over the recent years.
  • All the aforementioned factors, in turn, are expected to drive the market growth in the coming years.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Rising Demand from the Housing Sector

4.1.2 Increase in Renovation and Repair Activities

4.2 Restraints

4.2.1 Tightening Immigration Laws

4.2.2 On-going Trade Policies

4.3 Industry Value-Chain Analysis

4.4 Porter's Five Forces Analysis

4.4.1 Bargaining Power of Suppliers

4.4.2 Bargaining Power of Consumers

4.4.3 Threat of New Entrants

4.4.4 Threat of Substitute Products and Services

4.4.5 Degree of Competition

5 MARKET SEGMENTATION

5.1 Product Type

5.1.1 Concrete Admixture

5.1.2 Surface Treatment

5.1.3 Repair and Rehabilitation

5.1.4 Protective Coatings

5.1.5 Industrial Flooring

5.1.6 Waterproofing

5.1.7 Adhesives

5.1.8 Sealants

5.1.9 Grout and Anchor

5.1.10 Cement Grinding Aids

5.2 End-user Industry

5.2.1 Commercial

5.2.2 Industrial

5.2.3 Infrastructure

5.2.4 Residential

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Share Analysis

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/msv00i