Construction Chemicals Market Size, Share, Growth Analysis, By Type(Sealants and Adhesives, Cement Grinding Aids, Concrete Admixtures, Water Proofing and Roofing), By End-Use Industry(Residential, Industrial/Commercial, Infrastructure, and Repair), By Process Outlook(French/Indirect Process, American/Direct Process, Wet Process, and Others), By Region - Industry Forecast 2024-2031

Construction Chemicals Market size was valued at USD 27.74 Billion in 2022 poised to grow from USD 30.1 Billion in 2023 to USD 37.55 Billion by 2031, growing at a CAGR of 8.6% in the forecast period (2024-2031). 

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.