North America Construction Chemical Market: Robust Growth and Emerging Opportunities

LOS ANGELES - Aug. 17, 2023 - PRLog -- The North America construction chemical market is witnessing robust growth, driven by factors such as increasing infrastructure development, urbanization, and a focus on sustainable construction practices. This expansion presents both challenges and opportunities for industry players. Makreo's analysis indicates a swift expansion in the construction chemicals market, with expectations of consistent growth throughout the forecasted timeframe.

Key Developments:

1. Holcim's Acquisition of PRB Group: In January 2022, Holcim acquired PRB Group, France's largest independent maker of specialty building solutions. This strategic move enhances Holcim's product offerings and strengthens its position in the market.
   
2. West Way Developments' Projects: Egyptian developer West Way Developments plans to invest one billion Egyptian pounds in residential and commercial projects in New Zayed, West Cairo. This investment signifies the growing demand for construction chemicals in the region.
   
3. Dow and CAS Collaboration: Dow and CAS have established a strategic collaboration focused on digital capabilities to accelerate research and development and identify new growth opportunities worldwide.
   

Key Findings:

1. Rapid Expansion of Concrete Admixtures: The North American construction industry is experiencing a substantial increase in the demand for concrete admixtures. Various factors are reshaping the use of concrete in construction projects across the region.
   
2. Technological Advancements: Innovations in chemical formulations have led to the development of high-performance construction chemicals. For instance, CEMEX launched a new range of bio-sourced admixtures in January 2023, aimed at reducing the carbon footprint.
   
3. Impact of Inflation on Raw Materials: The cost of raw materials required for manufacturing building chemicals has significantly risen. Epoxy resin costs rose by over 60%, while polyester resin costs increased by as much as 45%.
   

Market Outlook:
Makreo's forecasts indicate a prosperous future for the construction chemical market in North America. The current construction surge in the region, coupled with a strong focus on sustainable practices, is driving market growth. Companies that can navigate obstacles, leverage emerging trends, and provide inventive solutions are poised to assume a leading role in shaping the future landscape of the construction chemical market.

Conclusion:
The report by Makreo Research provides a comprehensive analysis of the North America construction chemical market. It examines historical and current industry trends, assessing the market based on product, end-user, and geographic area. The study includes the United States, Canada, and Mexico in its geographical analysis. The report offers a balanced mix of macroeconomic and microeconomic analysis, considering changes in variables to evaluate the future of the market.

To know more about full report:-
North America Construction Chemical Market Analysis and Forecast (2018-2028) (https://www.makreo.com/report/north-america-construction-...)

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