The North America dust control or suppression chemicals market was valued at US$ 266.09 million in 2022 and is expected to reach US$ 359.05 million by 2030; it is estimated to record a CAGR of 3.8% from 2022 to 2030.
Rising Demand for Dust Control or Suppression Chemicals from Construction Industry Fuels North America Dust Control or Suppression Chemicals Market
The construction industry is one of the significant contributors to the economy of North America. According to the Associated General Contractors of America (AGC), the US construction industry constructs structures worth US$ 1.8 trillion each year. The rise in construction activities due to the increasing population and rapidly growing commercial sector across the region are driving the construction industry in North America. In November 2021, the US government approved a US$ 1.2 trillion infrastructure bill to aid federal investments in various infrastructure projects. Also, construction spending is expected to increase by 5.5% by 2023 from 2021. Such initiatives generate demand for construction services, equipment, and materials.
Dust suppression chemicals are used at the construction sites to reduce the dust generated from demolition, excavation, grading, and material handling. Dust control or suppression chemicals can be applied to unpaved surfaces, haul roads, and tailing dams for adhering to construction obligations and dealing with productivity constraints. The application of dust control or suppression chemicals during material handling reduces the presence of particulate matter and suspension of dust in the air at construction sites. Therefore, development in the construction industry is projected to fuel the demand for dust control or suppression chemicals during the forecast period.
North America Dust Control or Suppression Chemicals Market Overview
The region holds an extensive growth opportunity for the dust suppressant chemicals market players due to its growing utilization by end-use industries, including mining, construction, oils & gas, food & beverage, and textile. The construction sector in North America is witnessing growth due to a robust economy and increased federal and state financing for commercial and institutional structures. According to the US Census Bureau, the value of construction was US$ 1,792.9 billion in 2022, a 10.2% increase from US$ 1,626.4 billion spent in 2021. Many construction activities create dust. High dust levels are caused by high-energy tool utilization, such as grinders, cut-off saws, grit blasters, and wall chasers. According to the US Environmental Protection Agency, construction areas have large areas of soil disturbances, leading to an increase in levels of particle air pollution. The Clean Air Act (CAA) is a comprehensive federal law that authorizes the Environmental Protection Agency (EPA) to set standards for air quality by regulating emissions of harmful air pollutants to protect public health. Thus, the expanding construction sector and supportive government regulations create a huge demand for dust-suppressant chemicals in the region.
North America Dust Control or Suppression Chemicals Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the North America Dust Control or Suppression Chemicals provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 266.09 Million |
Market Size by 2030 | US$ 359.05 Million |
Global CAGR (2022 - 2030) | 3.8% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Chemical Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The geographic scope of the North America Dust Control or Suppression Chemicals refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
1. Benetech Inc
2. Veolia Environnement SA
3. Ecolab Inc
4. Quaker Chemical Corp
5. Dow Inc
6. BASF SE
7. Solenis LLC
8. Borregaard ASA
The North America Dust Control or Suppression Chemicals Market is valued at US$ 266.09 Million in 2022, it is projected to reach US$ 359.05 Million by 2030.
As per our report North America Dust Control or Suppression Chemicals Market, the market size is valued at US$ 266.09 Million in 2022, projecting it to reach US$ 359.05 Million by 2030. This translates to a CAGR of approximately 3.8% during the forecast period.
The North America Dust Control or Suppression Chemicals Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Dust Control or Suppression Chemicals Market report:
The North America Dust Control or Suppression Chemicals Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Dust Control or Suppression Chemicals Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Dust Control or Suppression Chemicals Market value chain can benefit from the information contained in a comprehensive market report.