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 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.

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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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