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Dust Suppression and Control Chemicals Market Rides High on Population Explosion

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Published on : Aug 30, 2019

ResearchMoz.us has announced the addition of a report, titled “Global Dust Suppression and Control Chemicals Market Insights, Forecast to 2025”. Global dust suppression and control chemicals market is likely to witness growth owing to continuous expansion of construction industry. In addition, rising world population is also expected to influence the market dynamics. 

According to United Nations (U.N.), the population of the world is estimated to rise by 2 billion in the next 30 years, from 7.7 billion at present to 9.7 billion in by 2050. World population could peak at almost 11 billion at the end of this century and the beginning of the next.  

The U.N. analyzes this dramatic growth and attributes this the presence of increasing numbers of people of reproductive age. Besides, expansions of urbanization, change in fertility rates, and accelerated migration have influenced the growth of population worldwide. Increase in population calls for increased construction activities. With increased construction comes the need to limit dust emission from various construction sites, production sites, and unpaved roads. As such, the global dust suppression and control chemicals market is likely to witness growth with such activities on rise.

Favorable Government Policies Spells Growth for the Market  

Governments of various countries have increased their budget allocations toward access to affordable housing, home ownership initiatives, and sustainable community development. Such favorable moves by governments have been and will likely to continue to be a key factor in the growth of global dust suppression and control chemicals market.

A case in point is the plan of the U.S. government to increase the budget by 1.9% to encourage home ownership, housing developments, and sustainable community. World Economic Forum suggests governments offering exemptions, grants, and tax incentives for construction of affordable homes. Such government moves are conducive for the expansion of construction industry and fuel growth of dust suppression and control chemicals market. 

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According to the U.S. Bureau of Labor Statistics, the construction industry is likely to be one of the fastest growing industries through 2020. In addition to residential building, rapid urbanization would lead to accelerated activities related to infrastructural construction, such as construction of roads, bridges, large office buildings and so on. All these factors are estimated to spell growth for dust suppression and control chemicals market.