Overview and Scope
The construction chemicals are chemical compounds that are utilized in the creation of buildings. Construction chemicals are chemical compositions that are employed with cement, concrete, or other construction components to bind them together during construction. They are essentially used to speed up the process and add more sustainability and strength to the structures.
Sizing and Forecast
The construction chemicals market size has grown strongly in recent years. It will grow from $48.96 billion in 2023 to $53.73 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to infrastructure development, durability requirements, concrete admixtures, waterproofing solutions, repair and restoration projects, advancements in material science.
The construction chemicals market size is expected to see strong growth in the next few years. It will grow to $77.77 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to sustainable construction practices, energy-efficient building solutions, focus on safety and resilience, green building certifications, expansion of residential construction. Major trends in the forecast period include innovation in self-healing materials, adhesives and sealants for efficient construction, corrosion inhibitors in infrastructure projects, advanced flooring solutions, shotcrete and gunite technologies.
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Segmentation & Regional Insights
The construction chemicals market covered in this report is segmented –
1) By Type: Concrete Admixtures, Waterproofing and Roofing, Repair, Flooring, Sealants and Adhesives, Other Types
2) By End-User: Commercial, Industrial, Infrastructure and Public Places, Residential, Public Space
Asia-Pacific was the largest region in the construction chemicals market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing demand in construction significantly contributes to the growth of the construction chemicals market. Construction is the process of building, altering, repairing, remodeling, improving, or demolishing any structures. Construction chemicals help in the elimination of abrasions and the strengthening of bonds, extending the life of buildings. For instance, according to the FMI Corporation, a US-based management consulting company, in comparison to 2021, engineering and construction investment will increase by 5% in 2022. Major countries contributing to this growth are China, India, and the USA. Therefore, the increase in construction is expected to propel the construction chemicals market growth.
Key Industry Players
Major companies operating in the construction chemicals market report are Koch Industries Inc., BASF SE, The Dow Chemical Company, Saint-Gobain, Master Builders Solutions, Imperial Brands PLC, 3M Company, HOLCIM, Henkel AG & Co. KGaA, Densified Inc., Cemex S.A.B. de C.V., Arkema S.A., AkzoNobel N.V., Wacker Chemie AG, RPM International Inc., Etex Group, Chembond Chemicals Limited, Bostik S.A., Ashland Global Specialty Chemicals Inc., MBCC Group, W. R. Grace and Company, Sika AG, Pidilite Industries Limited, CICO Group, Fosroc International Limited, Mapei S.p.A., ACC Limited, Cera-Chem Pvt. Ltd., Flowcrete Group Ltd., SWC Brother Company Limited
The construction chemicals market report table of contents includes:
1. Executive Summary
2. Construction Chemicals Market Characteristics
3. Construction Chemicals Market Trends And Strategies
4. Construction Chemicals Market - Macro Economic Scenario
5. Global Construction Chemicals Market Size and Growth
...
32. Global Construction Chemicals Market Competitive Benchmarking
33. Global Construction Chemicals Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Construction Chemicals Market
35. Construction Chemicals Market Future Outlook and Potential Analysis
36. Appendix
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