Sika AG (Baar, Switzerland) announced plans to to invest in its polymer production at its Sealy site in Texas. This latest move marks Sika’s second polymer investment in the state of Texas in five years. Polymers are chemical building blocks needed to manufacture Sika ViscoCrete, Sika’s high-performance, resource-saving concrete admixture. The company has initiated this expansion due to the rising demand for its concrete admixture in the USA and Canada.
In the upcoming years, U.S. government initiatives, such as the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA), will unlock numerous business opportunities for a broad range of Sika solutions. With goals to revitalize America’s infrastructure and address climate change, there will be increased investments in large-scale infrastructure developments and the expansion of energy and water facilities. Furthermore, the reshoring efforts to relocate international manufacturing to the USA fuels the construction of new factories, particularly in the batteries and semiconductors sectors. Among developed countries, the USA’s demand for concrete additives is projected to experience the most rapid growth, maintaining a CAGR of 3.4% and reaching $3.6 billion by 2026.