Construction GDP Growth Rate & Construction Chemicals Market: 2020 Estimates and CAGR Forecast
Market by Product Type, End-User Segment, and Geography: 2016-2026
Asia-Pacific is the largest market for construction chemicals and is estimated to account for about 36.94% of the global market in 2020. The region is also estimated to have the highest CAGR of 6.62 % by revenue, followed by the Middle-East and Africa, Europe, and North America over the forecast period 2020-2026.
In the construction chemicals market, India is estimated to have the fastest CAGR of about 8.94% by revenue in the region over the forecast period. The country will become the second-largest market over the forecast period after China.
In Europe, Germany is estimated to account for the highest construction
chemicals market share, more than 22.9% in 2020. The country is also
estimated to have the fastest CAGR of about 5.10% by revenue in Western
Europe over the forecast period.
In 2020, Germany showed high construction GDP growth in Q2, Q3,
and Q4. Russia has also demonstrated a very high positive trend in
Q2, Q3, and Q4 in construction activities.
Italy has about 43.27% q-o-q growth rate in Q3, followed by the United Kingdom 41.35%, France 34.57%, Spain 20.64%, etc.
Americas (North America, South America)
In America, the USA is the largest market for construction chemicals. The market in the USA is estimated to have a CAGR of 4.68% over the forecast period. Mexico will have the fastest CAGR of about 6.3%, followed by Canada. Columbia will have the fastest CAGR of about 5.10% in the South American region over the forecast period.
Middle-East & Africa
In Middle-East & Africa, Saudi Arabia is estimated to have the largest market in
the region and will have a CAGR of 5.04% by revenue over the forecast period.
Egypt, the largest market in the North African region, will have the highest
CAGR of 8.34% over the forecast period.