Expansion in green building materials
The “USA Construction Chemicals Market outlook to 2029” released their report into green building initiatives and materials. This study values the U.S. construction chemicals market at $15 billion. The market is influenced by significant demand of sustainable solutions and building methods. Some challenges the market faces are environmental regulations and raw material supplies. The construction chemicals market covers green building products like low-VOC formulation, concrete admixtures and recyclable admixtures, “The global construction chemicals market is projected to grow at a CAGR of 4.9%. Within this market, eco-conscious products account for approximately 23% of product sales, yet they deliver 41% of sectoral growth, demonstrating outsized momentum.”
“The green building movement is gaining momentum, with the market for green building materials. This trend presents opportunities for construction chemical manufacturers to develop eco-friendly products that align with sustainable building practices, catering to the increasing demand for environmentally responsible construction solutions.” as stated in the study.
