Europe Construction Chemical Market: Growth Drivers, Challenges, and Future Prospects

PARIS - July 25, 2023 - PRLog -- The Europe Construction Chemical market has witnessed a steady compound annual growth rate (CAGR) of 0.49% over the past five years. Europe holds a significant portion, accounting for 28.7% of the global market share for building chemicals. The growth of the construction chemical industry is driven by the European government's ambitious development goals and the adoption of innovative building techniques. Additionally, the rebounding economy post-COVID-19 has created a positive demand for residential and commercial projects.

Key Contributors to the European Construction Chemical Market:
Germany, France, Italy, the UK, Russia, and the rest of Europe play significant roles in driving growth in the European construction chemical market. The region's expanding population has been a constant driver of growth in the construction industry. Moreover, remodeling industry trends such as accessibility remodeling, style mashing up, customizations, and technology integrations are expected to further boost business growth.

Concrete Admixtures Demand in Europe:
Europe stands as a dominant and leading regional market driving the global demand for concrete admixtures. The use of these solutions in industrial building projects has witnessed a significant surge, contributing to the expanding market for concrete admixtures in the region.

Challenges in UK Construction Chemical Sector:
UK's construction chemical sector struggles with high energy and input costs, causing a 9% output decline from Jan-Aug 2022. Rising interest rates and inflation weaken purchasing power, reducing product demand. Construction slowdown to lower additives and coatings demand.

Major Developments in Europe Construction Chemical Industry:
Notable developments include Ha-Be increasing production and storage capacity in Germany, Cinven acquiring MBCC Group's Admixtures division, France and China investing in infrastructure projects, the construction of La Tour Triangle in Paris, and the upcoming New Olefins Complex.

Future Growth Prospects in Construction Chemical Industry:
European housing construction outlook to improve after 2024, with Italy, Norway, Slovakia, and Poland experiencing significant growth. France, Spain, and the United Kingdom will boost the construction chemical sector. EC-15 countries to see 1.3% cumulative growth in 2024, led by Ireland, Slovakia, and Poland.

Scope of the Study:
The "Europe Construction Chemical Market Analysis and Forecast (2018-2028)" report by Makreo Research focuses on construction chemicals, evaluating historical and current trends. The market is segmented based on product types, end-users, and geographical regions, with a detailed analysis of Germany, France, and the United Kingdom. The report considers macroeconomic and microeconomic factors to provide a comprehensive understanding of the market and assesses future outlooks.

To Know More:
Europe Construction Chemical Market Analysis and Forecast (2018-2028) – Segmentation by Geography, Product, and End User (https://www.makreo.com/report/europe-construction-chemica...)