China Construction Chemicals Market to be Dominated by Concrete Admixture Segment through 2028
Increasing infrastructural activities in the
region drive China Construction
Chemicals Market in the forecast period 2024-2028
According to TechSci Research
report, “China Construction
chemicals Market- By Region, Competition, Forecast and Opportunities, 2028”, China Construction chemicals Market Size is
anticipated to increase at a substantial rate in the forecast period. The China Construction Chemicals
Market is expected to continue to grow in the upcoming years. China has been
experiencing significant growth in recent years, driven by rapid urbanization,
infrastructure development, and a growing focus on sustainable construction. In
response to these trends, the industry has seen several developments that are
shaping the future of the market. Market players are using digital tools such
as big data analytics, the internet of things (IoT), and artificial intelligence
(AI) to improve the efficiency of their operations and create more innovative
products. For example, some manufacturers are using AI algorithms to predict
the performance of their products and optimize their formulations, while others
are using IoT sensors to monitor construction site conditions and adjust their
products accordingly. In January 2022, the Chinese government revealed their
five-year plan to make the construction industry smarter, greener, and safer whereas
the ministry of housing and urban-rural development ensure that the China’s
construction industry will grow at the equivalent rate as the overall economy,
contributing 6% to the total national GDP.
Furthermore, the regulatory
challenges and environmental concerns are obstructing market growth. The Construction
Chemicals Market in China is largely unregulated, which can lead to the
production and sale of substandard products. This can impact the quality of
construction projects and pose a risk to the health and safety of construction
workers. Apart from these, the construction chemicals industry is a significant
contributor to environmental pollution in China. The production of construction
chemicals can lead to the release of harmful chemicals and greenhouse gases,
which can have a negative impact on the environment. Hence, these factors are
creating significant impact on the buyer’s purchasing behavior and impeding the
market growth of China Construction Chemicals Market growth in the forecasted
period.
Browse over XX market
data Figures spread through XX Pages and an in-depth TOC on the "China Construction chemicals Market.”
China Construction
Chemicals Market is segmented based on product type, application, and region.
Based on the
product type, the market is divided into concrete
admixture, waterproofing & roofing, repair, flooring, adhesive &
sealants, and others. The concrete admixture segment is expected to hold the
largest market share in the forecast period. As the admixtures are widely used
in the construction of high-rise buildings, bridges, and other infrastructure
projects to enhance the properties of concrete such as strength, workability,
durability, and the demand from construction chemical end user companies is
expected to lead to concrete admixture, dominating the market segment.
Based on the
application, the market is divided into residential, commercial, and industrial.
Residential Segment is expected to hold the largest market share in the
forecast period. As China holds one of the largest population, the demand of
residence complex is quite higher in the region where construction chemicals are
needed. Apart from these, construction chemicals are needed for maintenance of
existing build, and dominate eth market segment.
Major
companies operating in the China Construction chemicals market are:
·
Sinopec
Shanghai Petrochemical Co Ltd
·
Aramco
Far East (Beijing) Business Services Company Limited
·
PetroChina
Company Limited
·
Sidley
Chemical Co., Ltd
·
Zibo
JOYREACH New Materials Co., Ltd
Download Sample Report
Customers can also request for 10% free customization on
this report.
“The
Construction Chemicals Market has seen significant growth in recent years,
driven by the rise in the rapid urbanization and infrastructure development in
the region. The Chinese government has implemented various policies and
initiatives to promote green buildings, including the Green Building Evaluation
Standard and the Energy Conservation Law. These initiatives have created a
demand for sustainable construction materials, including construction
chemicals. The Chinese government has actively sought international cooperation
in the construction chemical industry. This includes collaborating with
international organizations, participating in industry conferences and exhibitions,
and promoting technology transfer and knowledge exchange. These efforts aim to
enhance the global competitiveness of Chinese construction chemical companies
and facilitate the export of their products. Such efforts can lead to increase
in demand of Construction chemicals in China
and create impressive opportunity in the future.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
China Construction chemicals Market, by product type (Concrete Admixture,
Waterproofing & Roofing, Repair, Flooring, Adhesive & Sealants, and
Others), By Application (Residential, Commercial, and Industrial), By Region
and Competition, 2028, has evaluated the future
growth potential of China 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 China construction chemicals market.”
Contact
Mr.
Ken Mathews
708
Third Avenue,
Manhattan,
NY,
New
York – 10017
Tel:
+1-646-360-1656
Email:
[email protected]
Web:
www.techsciresearch.com