Demand for construction chemicals in the U.S. is projected to expand 5% per year to $12.5 billion in 2022, according to a report from The Freedonia Group.1 The growth is reportedly being stimulated by:
Protective coatings and sealers will continue to comprise the largest share of construction chemical sales, but will experience below-average growth through 2022. The maturity of the overall construction market in the U.S. and a slowdown in industrial construction expenditures will restrain stronger gains. However, increases will be supported by ongoing maintenance requirements, in particular for highways and streets.