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.
In 2020, Saudi Arabia showed a positive trend in the construction industry since Q2., whereas Qatar has also shown a positive upward trend since Q1 with a low negative growth rate to a positive 1.78% in
Q4 compared to Q3. South Africa has shown a positive growth rate in Q3 and Q4. The construction market in the region is expected to show a positive upward trend with many building & construction projects in pipelines over the forecast period, which will boost the market for construction chemicals.
Global Construction Chemicals Market by Product Type
In the global construction chemicals market, the concrete admixture product type is estimated to have the highest market share. It will have the highest CAGR of 5.87% over the forecast period 2020-2026. Surface treatment, repair and rehabilitation, and grout and anchor will also have high demand in the forecast period. The pandemic has affected the market; however, few countries have started recovering since Q3 2020. China has shown low positive market growth in 2020, and the construction GDP of the country was 3.32 % higher than in 2019. China is the largest market in the Asia-Pacific region and will have the second-fastest CAGR over the forecast period.
Global Construction Chemicals Market by End-User Industry
Commercial- Office Space, Retails, Educational Institutes, Hospitals, Hotels, Other Commercials
Industrial- Cement, Iron & Steel, Capital Goods, Automobile, Pharmaceuticals, Paper, Petrochemicals, Food & Beverage, others industrial
Infrastructure- Roads & Bridges, Railways, Metros, Airports, Water Projects, Energy Projects
Residential- High-Class Housing, Middle-Class Housing, Low-cost Housing
Public Space- Government Buildings, Statue & Monuments
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