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CONSTRUCTION & WATERPROOFING CHEMICALSATERPROOFING CHEMICALS
CONSTRUCTION & W

A STRONG BOND

Construction chemicals have been proving their worth in speeding
up the process of strengthening and extending the life of structures
in new or current construction projects. These chemicals, such as
adhesives, cementitious materials, waterproofing chemicals, sanding
grout, and chemicals for structural maintenance and repair, enhance
the functionality, effectiveness, and security of a structure’s constituent
parts. With the growing thrust on sustainability, which is further driving
the expanse of green building globally, construction chemicals &
waterproofing market is set to play a catalytic role in the near future….
writes, PRERNA SHARMA.
The growth of the global construction highlighted that during the year 2023-2033,
chemicals market can majorly be attributed the global construction chemicals market
to an uptick in construction activities. For is expected to reach an estimated value of
instance, it is anticipated that 3,500 new ~US$100 billion by 2033, by expanding at a
structures will be put up every day by the year CAGR of ~7%. The market generated revenue
2050. Furthermore, infrastructure corrosion is of ~US$55 billion in the year 2022.
particularly prevented by and strengthened The waterproofing chemicals market grows
by construction chemicals. Additionally, at a high rate and cost effectiveness of the
there has been a surge in investment in the product drives the market. Asia-Pacific leads
construction sector, which is expected to the waterproofing chemicals market followed
drive market expansion. Additionally, the by North America, Europe, and LAMEA due
growing urbanization and the rising demand to the augment demand of waterproofing
for housing are estimated to accelerate chemicals by the end user industries such
market expansion. A Research Nester report as construction and various technological

84 CONSTRUCTION OPPORTUNITIES|FEBRUARY 2023