Construction Chemicals Market Growth is Driven by Rapid Infrastructure Development
Key players operating in the Construction Chemicals Market Size are 3M Company, Dentsply Sirona, Danaher Corporation, Mitsui Chemicals, Inc., Institut Straumann AG, Septodont Holding, Ivoclar Vivadent AG, Coltene Holding AG, GC Corporation, and Zimmer Biomet Holdings, Inc., among others. The increasing global construction spending on infrastructure development and the rising number of renovation and remodeling activities have been driving the demand for construction chemicals. With growing urbanization and global infrastructure development plans, the consumption of construction chemicals is expected to surge substantially in the coming years, especially in the Asia Pacific region.
The construction chemicals market in Middle East and Africa region is projected to witness the fastest growth during the forecast period of 2024 to 2031. This can be attributed to ongoing construction of new cities, industrial parks and facilities for infrastructure upgrades across GCC countries and African nations. Mega projects around Dubai Expo 2020, F1 circuits, smart city developments along with housing and commercial projects are ensuring steady utilization of construction chemicals. In addition, government initiatives for diversifying economies away from oil along with growing population are driving huge investments in real estate and infrastructure sectors of the region. These factors are likely to bolster the market expansion at a CAGR above global average over the next 7 years.
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