Highways and streets are the largest single market for cement additives, accounting for 40 percent of demand in 2017 and forecast to expand 7.5 percent yearly through 2022. Gains will be boosted by increased spending on transportation infrastructure – bridges in particular.
Demand for all types of construction chemicals in the US is projected to expand five percent per year through 2022. Growth will be stimulated by:
- Healthy growth in new transportation infrastructure construction spending, as well as industrial and institutional;
- Gain in improvement and repair spending for residential and nonresidential buildings;
- Consumer preferences for more windows, larger kitchens, and decks in new home construction;
- A shift in the product mix toward higher value, more sustainable, cost-effective, and user-friendly products due to growing concerns regarding the environmental and health impact of construction chemicals