Market Trends: Construction Chemicals Market is Building on Success
U.S. demand for construction chemicals like adhesives and grouts is expected to shift toward higher-value formulations and technologies.
Domestic demand for construction chemicals used in on-site applications is projected to grow 8.2% per year through 2018 to $12.1 billion, according to “Construction Chemicals,” a recent study from The Freedonia Group Inc. Gains will be primarily driven by double-digit increases in building construction expenditures, supported by healthy economic growth and an improved consumer financial outlook.
Increased economic activity and greater government investment in the aging infrastructure of the U.S. will also support healthy consumption of construction chemicals in non-building applications. While overall growth will be underpinned by the strong increases in construction spending, the product mix is expected to continue to shift toward new, higher-value formulations and technologies as the market adapts to environmental regulations and more stringent building codes.