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Top 3 Drivers for US Construction Chemicals Market

Chemicals | Oct, 2017

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


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