Top 3 Drivers for US Construction Chemicals Market:
Product Overview:
Construction chemicals are specialty chemical compounds used to speed up construction activities or improve durability of existing structures. Moreover, construction chemicals impart structural and functional properties such as durability, finish and resistance to adverse conditions to the finished structure. Expanding infrastructure sector coupled with the shifting preference towards green chemicals are the leading factors catering to the growth in the Global Construction Chemicals Market through 2026.
Country
Insights: The
United States of America is witnessing positive outlook for the construction
chemicals market due to the following drivers and trends:
§ Rising Construction
Spending in the Nation:
The country accounts for a major share in the
global construction chemicals market owing to the increasing government
investment towards the strengthening of construction sector. The rising number
of private as well as public infrastructure development projects spanning
across residential and non-residential sector are generating huge demand for
construction chemicals in the United States.
Total Value of
Construction Put in Place, By Type, 2017 (USD Million)
§ Increasing number of infrastructure
& renovation projects:
In addition to the pouring investments in public
infrastructure and housing development projects, the country is also witnessing
spurring demand for construction chemicals in a range of railway projects,
greenfield airports, highways and bridges, water & wastewater plants, ports
& logistics as well as mass transit systems.
Partial List of Upcoming Construction Projects in United States, By Sector, As of 2016
|
| Project
Stage
|
Sector
|
Investment
(USD Billion)
|
|
Texas
Central Railway
|
EIS
|
Rail -
Intercity
|
10
|
|
Bay
Delta Conservation Plan Tunnels, California
|
Planned
|
Water
& Wastewater
|
25
|
|
New
York La Guardia Terminal Expansion
|
Pre-Construction
|
Airports
|
3.6
|
|
Maryland
Purple Line P3
|
Bidding
|
Urban
Mass Transit
|
2.2
|
|
New
International Trade Crossing
|
Contract
Approved
|
Highways &
Bridges
|
2
|
|
California
High Speed Rail
|
Phase
1 & 2 - Under Construction
|
Rail
- Intercity
|
68
|
|
Texas
Cotton Belt Regional Rail Corridor
|
EIS Complete
|
Urban Mass
Transit
|
2.7
|
|
Altamira
Port Expansion, Hidalgo
|
Feasibility
Studies
|
Ports
& Logistics
|
10.7
|
|
Jacksonville
Harbor Deepening Project, Florida
|
Design
|
Ports &
Logistics
|
0.9
|
|
South
Mountain Freeway, Arizona
|
EIS
|
Highways
& Bridges
|
1.9
|
|
Sepulveda
Pass Transit Corridor, California
|
Feasibility
Studies
|
Urban Mass
Transit
|
8
|
|
Deepening
Charleston Navigation Channel, South Carolina
|
Feasibility
Studies
|
Ports & Logistics
|
0.42
|
Source: TechSci Research
Conclusion:
In conclusion, the Global Construction Chemicals market which stood at USD24.07 Billion in 2016 is expected to witness
significant growth through 2026, owing to the rising number of construction
projects globally. Several infrastructure and housing projects for increasing
population are expected to drive the demand for construction chemicals
worldwide at a CAGR of 9% during 2017-26. The global construction chemicals
market is projected to reach USD56 Billion by the end of 2026 owing In conclusion, the Global Construction Chemicals
market which stood at USD24.07 Billion in 2016 is expected to witness
significant growth through 2026, owing to the rising number of construction
projects globally. Several infrastructure and housing projects for increasing
population are expected to drive the demand for construction chemicals
worldwide at a CAGR of 9% during 2017-26. The global construction chemicals
market is projected to reach USD56 Billion by the end of 2026 owing
Request for Sample Report Today!