The global building and construction chemicals market size was USD 71.3 Billion in 2021 and is expected to register a revenue CAGR of 6.0% during the forecast period. The report provides a comprehensive view of the Building and Construction Chemicals market, including in-depth information about the key market segments and sub-segments. In this report, our team of market researchers has highlighted the key market dynamics such as market revenue growth drivers, restraints, trends, opportunities, supply & demand ratios, shifting consumer tastes & preferences, changing production & consumption patterns, and technological breakthroughs. Key challenges and barriers to industry growth, such as stringent government regulations and policies and potential market threats and risks, have also been assessed in the report. The latest report offers quantitative and qualitative market insights, and hence, highlights the industry annual sales, regional outlook, and industry statistics.
Construction chemicals are chemical compounds that are utilized in the building structures. Polymers are one of the most important types of materials and are found in almost every construction chemical. It is mainly used for speeding up the work in construction projects that are under development or in new projects to add strength and durability to the structures. These compounds are used in a range of construction materials to promote productivity, performance, and functionality while also protecting the building’s components.
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Key Factors Driving the Global Materials & Chemicals Market Growth
The global materials & chemicals market revenue is primarily attributed to factors such as growth are fast-paced industrialization globally, rising demand for raw materials and chemicals in the buildings & construction, food & beverage, pharmaceutical, agriculture, textile, and pulp & paper industries, and increasing demand for essential consumer goods including packaged foods & beverages, household hygiene products, and personal care products & cosmetics. Increasing industrial applications of specialty chemicals, surge in demand for high-performance, organic agrochemicals, growing environmental awareness among consumers, growing need for eco-friendly and sustainable raw materials & chemicals, and increasing government investments in the materials & chemicals industry are other factors driving revenue growth of this market.
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