USD 49.9 billion
Construction Chemicals Market Size, Share, Growth Analysis, By Concrete Admixtures (Plasticizers, Superplasticizers), By Waterproofing Chemicals (Membranes, Coatings), By Protective Coatings, By Adhesives and Sealants, By Repair and Rehabilitation, By Industry Flooring, By Asphalt Additives, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15F2190 |
Region:
Global |
Published Date: June, 2024
Pages:
157
|Tables:
67
|Figures:
76
Construction Chemicals Market Insights
Construction Chemicals Market size was valued at USD 30.1 Billion in 2023 and is poised to grow from USD 32.69 Billion in 2024 to USD 40.78 Billion by 2032, growing at a CAGR of 8.6% during the forecast period (2025-2032).
In the upcoming years, the market will expand due to expanding infrastructural expansions and increased demand, particularly from the Asia Pacific region. Due to an increase in building and construction and other infrastructure-related activities, the global market is predicted to rise significantly. Moreover, over the projection period, the fast urbanization of several developing regions would support market expansion. Major corporations have been concentrating on R&D efforts to create new bio-based goods as the business is greatly impacted by several restrictions. Market development will likely be hampered by changes in raw material prices and supplies.
Nonetheless, throughout the projection period, an increase in residential and non-residential structures and construction activities worldwide will fuel product demand. The expansion of the maintenance and rehabilitation and new construction sectors is expected to support the growth of the construction products industry in emerging economies. Even in countries like South Korea, China, and India, where population growth is rapid, there is still a need for both residential and non-residential structures, which propels industry expansion. The demand for various building chemicals, such as cement additives, admixtures, sealants, and adhesives, has increased due to this necessity, which has increased cement usage.
US Construction Chemicals Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Real Estate
Fastest Growth
Infrastructure
Growth Rate
6.0% CAGR
Global Construction Chemicals Market ($ Bn)
Country Share by North America (%)
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Construction Chemicals Market Segmental Analysis
Global Construction Chemicals Market is segmented by concrete admixtures, waterproofing chemicals, protective coatings, adhesives and sealants, repair and rehabilitation, industry flooring, asphalt additives and region. Based on concrete admixtures, the market is segmented into plasticizers, superplasticizers, accelerators, retarders and air-entraining agents. Based on waterproofing chemicals, the market is segmented into membranes, coatings and sealants. Based on protective coatings, the market is segmented into epoxy coatings, polyurethane coatings and acrylic coatings. Based on adhesives and sealants, the market is segmented into epoxy adhesives, polyurethane adhesives, silicone sealants and acrylic sealants. Based on repair and rehabilitation, the market is segmented into mortars, grouts and concrete repair products. Based on industrial flooring, the market is segmented into epoxy flooring, polyurethane flooring and acrylic flooring. Based on asphalt additives, the market is segmented into anti-stripping agents, bitumen emulsifiers and polymer modifiers. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Construction Chemicals Market Analysis by Type
As per categorization by type, the market is classified as sealants and adhesives, cement grinding aids, concrete admixtures, water proofing and roofing, repair & rehabilitation and industrial flooring and others. Among these, concrete admixtures earned the largest share and continue to dominate the market. Concrete admixtures are fostering innovation in the global construction chemicals market by improving workability, durability, and setting times to meet a range of building requirements. Their supremacy results from their ability to reinforce concrete effectiveness, reduce costs and adapt to changing weather patterns, making them indispensable in today’s building projects.
On the other side, the reason behind the fastest growing rates of roofing and waterproofing section in the global construction chemicals market is due to people wanting to build houses that can stand any weather condition for many years. Climate change, urbanization and infrastructure development are factors leading to increased need for protective systems. As such, these areas are essential to the long-term sustainability of buildings.
Construction Chemicals Market Analysis by End Use
In response to the high-performance requirements of the industry, innovation in industrial/commercial building chemicals focusses on improving sustainability, energy efficiency, and durability. Due to large-scale infrastructure projects, fast industrialization, and the demand for specialized solutions that guarantee long-term structural integrity and environmental compliance in commercial and industrial contexts, this category currently holds a dominant market share.
Due to deteriorating infrastructure, increased maintenance requirements and choice for sustainable rehabilitation instead of new construction, the repair segment of the global construction chemicals market is expected to grow rapidly. Such a trend makes repair chemicals more important as they enable affordable ways to extend the lifespan of existing structures.
GlobalConstruction Chemicals Market By Type (%)
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Construction Chemicals Market Regional Insights
Asia Pacific is the largest market for construction chemicals in the world due to rapid industrialization, infrastructural development and urbanization of developing countries such as China, India and Southeast Asia. In addition to increased government investment in large construction projects, this region’s market is also driven by population growth and an increasing need for both residential as well as commercial space. Additionally, there is a growing trend for utilizing novel construction chemicals due to more stringent environmental regulations and greater emphasis on sustainable building practices. Asia Pacific is regarded as a key player in the global construction chemicals market due to its vast production base and low-cost production which in turn enhances its comparative advantages.
As a result of a spike in infrastructure modernization, renovations to both residential and commercial buildings, and strict environmental rules, North America is quickly becoming the region with the fastest growth in the global construction chemicals market. The demand for advanced construction chemicals is rising because of growing investments in sustainable construction methods in the U.S. and Canada. Given the region's focus on energy-efficient building options and the use of advanced materials and technology, market expansion is being driven. North America’s market is growing rapidly due to government initiatives that aim at enhancing infrastructure resilience to climate change and a heightened focus on green building standards.
Global Construction Chemicals Market By Geography
- Largest
- Fastest
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Construction Chemicals Market Dynamics
Construction Chemicals Market Driver
Urbanization and Infrastructure Development
- Emerging economies such as those found in Asia-Pacific, Africa, and Latin America are seeing a large quantity invested into the construction of housing units, businesses and factories due to the growth in urban areas globally. However, this immense demand for construction materials is being sourced from larger state-sponsored infrastructure programs involving energy plants or smart cities or even transportation systems.
Environmental Regulations and Sustainability Initiatives
- With an increase in environmental consciousness, many nations around the world have started imposing more rigid regulations regarding building methods as well as practices towards sustainability. Consequently, it is becoming gradually imperative to produce construction chemicals that can considerably help in reducing waste, emissions and energy consumption. There exists a rising demand for eco-friendly waterproofing solutions, plant-based glues and low volatile organic compounds (VOC) paints.
Construction Chemicals Market Restraints
Volatile Raw Material Prices
- Changes in crude oil prices and supply chain disruptions can affect the cost of essential raw materials used in building chemicals, including petrochemicals, polymers, and specialty chemicals. The instability may result in elevated manufacturing expenses for manufacturers, so impeding their ability to sustain competitive pricing and profit margins and ultimately curbing market expansion.
Environmental and Regulatory Compliance Costs
- Strict environmental rules that aim to lower emissions, hazardous waste, and the usage of dangerous substances are imposed on the building chemicals business. For manufacturers, elevated operating costs are incurred once hefty investments in research and development are done alongside manufacturing process alterations that conform to certain regulatory requirements. This is particularly burdensome for small enterprises which may find themselves unable to compete or expand due to such extra expenses imposed on them.
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Construction Chemicals Market Competitive Landscape
The competition in the global construction chemicals market is fierce with several top players striving to gain more ground through innovation. Major multinational corporations such as BASF SE, Dow Chemical Company, Sika AG and Arkema are investing in research and development (R&D) to come up with breakthrough products. To improve product portfolios and broaden geographic reach, the market also sees strategic alliances, mergers, and acquisitions. These actions create a dynamic atmosphere that encourages development and sustainability in building methods.
Construction Chemicals Market Top Player's Company Profiles
- BASF SE
- Sika AG
- RPM International Inc.
- Fosroc International Ltd.
- Mapei S.p.A.
- Dow Inc.
- W.R. Grace & Co.
- Arkema S.A.
- Ashland Global Holdings Inc.
- MBCC Group
- Pidilite Industries Ltd.
- Henkel AG & Co. KGaA
- Saint-Gobain S.A.
- 3M Company
- GCP Applied Technologies Inc.
- LafargeHolcim Ltd.
- Evonik Industries AG
- Huntsman Corporation
- Akzo Nobel N.V.
- Albermarle Corporation
Construction Chemicals Market Recent Developments
- In June 2024, BASF SE came up with a whole new series of eco-friendly concrete admixtures to improve durability and decrease carbon emissions during construction. Utilizing raw materials obtained from living organisms, this modern-day range meets the market’s need for building solutions that do not harm the environment and greatly supports initiatives geared towards world sustainability.
- In April 2024, Sika AG declared that it will be bolstering its product line in the construction chemicals market by acquiring a top supplier of waterproofing solutions. By taking this calculated risk, Sika hopes to strengthen its position as the world's leading provider of construction chemicals by expanding its market reach and providing creative solutions for infrastructure projects.
- In February 2024, Dow Chemical Company introduced a revolutionary water-repellent technology for concrete applications. The innovative product addresses the increasing demand for building materials with long life periods through higher levels of moisture-proofing, soundness and firmness. By doing this, it shows the company’s commitment to green practices as it also tries to solve some of the problems faced by the sector like maintenance and efficiency.
Construction Chemicals Key Market Trends
- Embracing Sustainability in Response to Evolving Construction Demands: The building chemicals market is characterized by a few important tendencies which highlight the evolving needs of the construction industry in terms of materials and technology. One of the new trends in the building chemical sector is increasing application of environmentally conscious and sustainable alternatives. Environmentally credible construction chemicals are required by green building practices, which conserve energy consumption levels and comply with rigid environmental norms.
- Rising Demand for Construction Chemicals in Developing Markets: The growing need for construction chemicals is a result of the developing building markets in nations like China and India as well as urbanization tendencies. The area is becoming a major player in the market and is affecting the dynamics of worldwide industry. The movement is in line with the requirement for trustworthy bonding materials in a range of construction-related uses. One trend worth noting is the rise of clever and inventive building chemicals.
Construction Chemicals Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, to sum up, the global construction chemicals market is set for phenomenal expansion driven by infrastructure growth, urbanization and increasing need for sustainable alternatives. In addition, the continuous growth of developing economies particularly in the Asia Pacific region will lead to an increased demand for advanced and ecofriendly building materials.
Problems such as fluctuating prices for raw materials and regulatory expenses may hinder development; however, strategic R&D investments from big firms will encourage innovation. On top of that, regulatory limitations and an emphasis on sustainability will further shape market forces ensuring that the construction chemicals market plays a pivotal role in the entire building sector.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 49.9 billion |
| Market size value in 2031 | USD 8.28 billion |
| Growth Rate | 6.0% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Construction Chemicals Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Construction Chemicals Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Construction Chemicals Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Construction Chemicals Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Construction Chemicals Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Construction Chemicals Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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