South Africa Construction Chemicals Market To Be Dominated By Growing Preference Towards Sustainability Of Chemicals Through 2028
Initiatives taken by government
to support the production of construction chemicals are the major drivers for
the South Africa Construction Chemicals Market.
According to TechSci Research
report, “South Africa Construction Chemicals Market – Industry Size, Share,
Trends, Competition, Opportunity and Forecast, 2018-2028”, the South Africa
Construction Chemicals Market is anticipated to register a high CAGR during the
forecast period. This can be ascribed to collaborations and partnerships among
leading companies with a diverse approach to merge the expertise of individual
companies and to strengthen their position in the market.
Sustainability has become a key
focus in urban planning and development. South Africa is no exception, with a
growing emphasis on sustainable construction practices in urban areas.
Construction chemicals that promote energy efficiency, reduce environmental
impact, and enhance the sustainability of buildings are in high demand. Green
construction chemicals, such as low VOC products, eco-friendly coatings, and
energy-efficient insulation materials. Moreover, Urbanization goes beyond
infrastructure and includes the development of aesthetically pleasing and
functional spaces. From public parks and recreational areas to commercial
complexes and shopping centers, urban environments require construction
chemicals that enhance the aesthetics and functionality of these spaces.
Decorative coatings, flooring systems, adhesives, and sealants are used to
create visually appealing surfaces while providing durability and
functionality.
The demand for construction
chemicals that can transform urban spaces into attractive and functional areas
has increased as urbanization progresses in South Africa. For instance, a.b.e.
Construction Chemicals (Pty) Ltd introduced abe. cote WD 337 tough epoxy paint
that produces a durable and smooth floor coating that are used at motor
workshops and shopping centres. Additionally, the government has
prioritized the improvement and expansion of transportation networks, energy
facilities, and public infrastructure projects. Construction chemicals play a
vital role in these initiatives, providing solutions for concrete
strengthening, waterproofing, corrosion protection, and specialty coatings. As
South Africa government invests in the development of its infrastructure, the
demand for construction chemicals continues to rise. For instance, according to
budget 2023, the South African government planned to spend USD 18.90 billion on
transport and logistics, this includes expenditure by the South African
National Roads Agency (Sanral) to improve the road infrastructure network.
South Africa's construction chemicals market is currently undergoing a
transformative phase, driven by a dynamic and interconnected ecosystem of
collaborations and partnerships.
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With the country embarking on
ambitious infrastructure projects, the significance of harnessing collective
expertise, resources, and innovation through strategic alliances has become
increasingly apparent. Strategic alliances between construction chemicals
suppliers and distributors streamline the supply chain, ensuring timely
availability of materials. This efficiency minimizes project delays, enhances
customer satisfaction, and contributes to the overall competitiveness of the
industry. Partnerships forged between manufacturers of construction chemicals
and academic institutions are yielding innovative solutions. Notably,
collaborations with engineering departments have resulted in the creation of
cutting-edge concrete admixtures that significantly improve both strength and
durability. A recent collaboration in South Africa based on construction
chemicals involves Sasol Chemicals and Holiferm Limited. The two companies have
partnered to jointly develop new biosurfactants, which are chemicals used in
various construction applications. This collaboration aims to enable the broad
use of sustainable and environmentally friendly solutions in the construction
industry.
However, fluctuations in prices
of raw materials and shortage of skilled labor are expected to slow down the growth
of the market in the coming years.
Some of the major companies operating in the South Africa
Construction Chemicals Market include:
- Sika South Africa Pvt. Ltd.
- BASF Construction Chemicals South
Africa (Pty.) Ltd.
- StonCor Africa (Pty) Ltd.
- Technical Finishes SA (Pty) Ltd.
- b.e. Construction Chemicals (Pty)
Ltd.
- AShakConstruction Chemicals Pty
Ltd.
- Multi Construction Chemicals
(Pty) Ltd.
- Verni Speciality Construction
Products (Pty) Ltd.
- MAPEI South Africa (Pty) Ltd.
- Penetron Africa (Pty) Ltd.
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“Certain regions of South Africa,
particularly Western Cape, are projected to exert significant demand for
construction chemicals in the country. The growth in the competitive landscape
and the presence of well-established companies in the market, committed to
enhancing their productivity of construction chemicals each year, are expected
to contribute to a remarkable growth of the South Africa Construction Chemicals
Market in the forecast period," said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based Global management consulting firm.
South Africa Construction
Chemicals Market- Industry Size, Share, Trends, Opportunity, and Forecast,
2018-2028 Segmented By Product Type (Concrete Admixtures, Waterproof Chemicals,
Construction Adhesives & Sealants, Protective Coatings, Others), By
Application (Residential, Industrial/Commercial, Infrastructure, Repair
Structures), By Region and Competition has evaluated the future growth
potential of South Africa Construction Chemicals Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide innovative market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in South Africa Construction Chemicals Market.
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