Global Construction Chemicals Market

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 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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FAQs

Global Construction Chemicals Market size was valued at USD 49.9 billion in 2022 and is poised to grow from USD 5.19 billion in 2023 to USD 8.28 billion by 2031, growing at a CAGR of 6.0% during the forecast period (2024-2031).

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. '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'

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. 

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. 

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. 

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Global Construction Chemicals Market

Report ID: SQMIG15F2190

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