Brazil Construction Chemicals Market to Grow with a CAGR of 2.85% through 2028
Growth in research and development activities is expected
to drive the Brazil Construction Chemicals Market growth in the forecast
period, 2024-2028.
According to TechSci Research report, “Brazil
Construction Chemicals Market – By Region, Competition, Forecast and
Opportunities, 2018-2028F”, the Brazil Construction Chemicals Market stood
at USD 742.25 million in 2022 and is anticipated to grow with a CAGR of 2.85% in
the forecast period, 2023-2028. The initiatives taken by government based on construction
chemicals has led to favorable market conditions for the Brazil Construction
Chemicals Market. Several factors contribute to the growth of various construction
chemicals market products. The Brazilian
government has implemented several successful programs that actively promote
and support the development of a wide variety of infrastructure projects across
the country. These initiatives have proven instrumental in addressing the
growing demand for enhanced transportation systems, including railways, ports,
highways, airports, and water resource management systems. As a result, the
construction industry has experienced a significant surge in the need for
high-quality construction chemicals, which play a vital role in ensuring the
durability, longevity, and safety of these critical infrastructure projects. Additionally,
in response to the pressing housing shortage in Brazil, the government has
allocated substantial investments towards construction activities. By
prioritizing the development of affordable and sustainable housing solutions,
the Brazilian government aims to provide its citizens with safe and comfortable
living spaces. Consequently, the demand for construction chemicals has
witnessed a remarkable increase, as these chemicals are indispensable in
constructing resilient and aesthetically appealing buildings that meet the
highest quality standards.
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In recent years,
the construction chemicals market in Brazil has witnessed a surge in R&D
activities, which have played a vital role in driving its growth. These
activities have been specifically geared towards the development of innovative
products and the improvement of existing ones to cater to the ever-evolving
demands of the construction industry. Moreover, these R&D initiatives have
also been focused on the production of environmentally-friendly construction
chemicals, aligning with the global sustainability goals, and promoting a
greener approach to construction practices. By prioritizing research and
development, the construction chemicals sector in Brazil is paving the way for
more sustainable and efficient solutions that contribute to the overall
advancement of the industry.
The Brazil
Construction Chemicals Market is segmented in type, end user, regional
distribution, and company.
Based on its type, the concrete admixtures segment held
the largest share in the market. Concrete admixtures, with their remarkable
cost-effectiveness, are playing a pivotal role in the Brazilian construction
chemicals market. By significantly reducing the quantity of cement and water
required in the construction process, these admixtures not only contribute to
the overall cost savings but also enhance the sustainability and durability of
the structures. This cost efficiency, combined with the long-term benefits and
environmental advantages, has catapulted the popularity of concrete admixtures
in the ever-evolving landscape of the Brazilian construction industry.
Based on region, Central-West segment is expected to
grow during the forecast period.
The Central-West region, known for its vast
agricultural production, plays a pivotal role in supplying various commodities.
As this sector continues to thrive, the demand for construction chemicals has
also grown. This surge in demand is further fueled by the development of food
products and the necessary infrastructure to support this flourishing industry.
Major companies operating in Brazil Construction
Chemicals Market are:
- Sika SA
- BASF S.A.
- Elasteq of Brazil Ltda.
- Vedacit/Vedacit do Nordeste S.A.
- Artecola Quimica SA
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“Growing application of construction chemicals in
various end user industries are key drivers of the construction chemicals market.
Growth in competitive landscape and presence of well-established companies in
the market who are dedicated to enhance their productivity of construction
chemicals with every passing year are anticipated to register an impressive
growth to Brazil Construction Chemicals Market in the forecast period.,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Brazil Construction Chemicals Market By Type (Concrete Admixtures, Waterproofing Chemicals, Flooring Compounds, Repair & Rehabilitation, Adhesives & Sealants, and Others), By End User (Commercial, Industrial, Residential), By Region, Competition, Forecast and Opportunities, 2018-2028F”, has evaluated
the future growth potential of Brazil Construction Chemicals Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge 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 Brazil Construction Chemicals Market.
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