USD 27.74 billion
Construction Chemicals Market Size, Share, Growth Analysis, By Type(Concrete Admixture, Chemical Admixture, Construction Adhesive, Construction Sealant, Flame Retardant, Others), End Use(Residential, Industrial/Commercial, Infrastructure, Others), and Region - Industry Forecast 2024-2031
Report ID:
SQSG15F2002 |
Region:
Global |
Published Date: June, 2024
Pages:
157
|Tables:
67
|Figures:
76
Construction Chemicals Market Insights
Global Construction Chemicals Market size was valued at USD 27.74 billion in 2022 and is 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, expanding infrastructure projects and increased demand, particularly from the Asia Pacific region, will fuel market expansion.
Due to an increase in infrastructure-related activities including building and construction, the global market is anticipated to experience significant growth.
Additionally, the rise of the market during the projection period will be aided by the quick urbanisation of many developing regions. Major corporations have concentrated on R&D initiatives to create new bio-based products because numerous restrictions have a significant impact on the business. The development of the market is anticipated to be hampered by the fluctuating pricing and supply of raw materials. The demand for the product will be driven throughout the projected period by an increase in the number of residential and non-residential buildings and construction activities around the world.
It is projected that expanding new construction and maintenance & rehabilitation sectors will promote the growth of the construction products business in emerging nations. There is a sizable demand for non-residential and residential constructions despite rapid population increase in South Korea, China, and India, which fuels industry growth. Due to this necessity, the demand for various building chemicals, such as cement additives, admixtures, sealants, and adhesives, has increased. Due to the development of superior product offerings intended to improve performance during the forecast period, the global market is anticipated to grow. They include specialty cement additives like silicone caulks, mortars, and other things.
Construction-related activities involve the use of hazardous volatile organic compounds (VOCs), which can lead to asthma attacks, migraines, eye discomfort, and disorientation. Acoustic ceiling tiles, caulking sealant, and flooring wax are all sources of dangerous VOCs that are produced by a number of construction chemicals used in residential sectors, such as methanol, formaldehyde, and butanol. Government regulations that limit the use of building chemicals due to VOC emissions have somewhat limited industry growth. The growing understanding of the environmental risks posed by conventional structures is what has sparked the development of construction chemicals, particularly for building operations. Government measures against climate change have also been introduced globally.
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
8.6% CAGR
Global Construction Chemicals Market, 2021-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
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Construction Chemicals Market Segmental Analysis
The global construction chemicals market is segmented based on the type, end-use, and region. In terms of type, the market is segmented into concrete admixture (mineral admixture {fly ash, silica fume, rice husk ash, granulated blast furnace slag}, chemical admixture {super plasticizer, normal plasticizer, accelerating agent, retarding agent, air-entraining agent, waterproofing admixture}), construction adhesive, construction sealant, flame retardant, and others. Based on end use, the market is segmented into residential, industrial/commercial, infrastructure, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and MEA.
Analysis by Type
Based on material, concrete admixtures dominated the global construction chemicals market and is expected to have a CAGR of 5.8% during the forecasted period. The demand of this segment is increased due to their advanced and new concrete admixtures with improved properties. This is attributed to the high usage of admixtures, as these helps reduce the overall construction cost by changing the characteristics of the hardened concrete, compared to other types of construction materials. For instance, by adding admixtures to concrete, the water requirement can be reduced by 5–10%. Further, admixtures improve the concrete quality and help in smoothening the construction process.
On the other hand, the construction adhesives is the fastest growing segment in the global construction chemical market by type. The addresses are increasingly preferred despite the traditional methods which is contributing to the rapid growth. These are features such as robust bonding, flexibility and resistance. They are used in flooring, panels, tiles and other structures. The continuous rise in the residential and commercial construction projects driving towards the adoption of the construction adhesives.
Analysis by End Use
The largest segment is the residential segment in the construction chemicals market by end use. The ongoing rapid urbanization, and population growth are driving the demand for new houses which is contributing towards the dominance of this segment. The increase in the disposable income is also driving the market. For the durability and longevity of buildings construction chemicals are used which include concrete admixtures, waterproofing chemicals, and sealants. Furthermore, the rise in the construction of the smart homes and green buildings is driving the demand for chemicals therefore contributing the market growth.
On the other hand, the fastest growing segment is infrastructure in the construction chemicals market. The rising investments in infrastructure development such as roads, bridges, tunnels and others are contributing to the rapid growth of this segment. This help in providing strength and support stand harsh environmental conditions and heavy usage. The people are modernizing their structures and simultaneously the development of new projects further supports the growth of the segment. Due to expansion of infrastructure projects, the segment is continuously growing.
Global Construction Chemicals Market By End User , 2021(%)
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Construction Chemicals Market Regional Insights
In 2021, due to the perceived growing construction industries in India, China, South Korea, and Japan, the Asia-Pacific region dominated the market. China's rapidly increasing population has made the country a major consumer of construction chemicals. Furthermore, rapid industrialization is also boosting the market. Various government initiatives to promote infrastructure activities, combined with a growing residential sector, will significantly aid the construction chemicals market growth in the region during the forecast period. The residential segment, which includes middle-class housing, upper echelon housing, and low-cost housing, is expected to drive the European construction chemical market. The demand for penthouses, apartments, bungalows, and villas with amenities and high-end designs is rapidly increasing.
Global Construction Chemicals Market By Geography, 2021 - 2028
- Largest
- Fastest
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Construction Chemicals Market Dynamics
Construction Chemicals Market Driver
- Construction chemicals enhance the overall building durability and also offer protection against environmental hazards. Apart from giving the buildings strength, these chemicals help in reducing the volume of cement and water consumed during the construction process, which is another key factor surging demand for these chemicals.
- Rising residential complexes and buildings are in high growth at global for perennial urbanization. Construction firms are initiating a larger number of residential projects with high-grade construction materials to give improved structural integrity and sustainability which will be a factor in the growth of the construction chemical market.
Construction Chemicals Market Restraint
- The skill gap is a major issue hampering the growth of the construction sector. This serious lacuna can be addressed only through training. There is a consensus now in the industry that manufacturers should assign a dedicated training center to train workers on the right usage of construction chemicals.
- Construction chemicals contain hazardous VOCs such as formaldehyde, acetone, and butanol, which are emitted through an acoustic ceiling tile, solid wood, caulking sealant, and floor wax. VOCs can cause skin irritation, asthma, nausea, confusion, headaches, and eye irritation. Growing stringent governmental regulations regarding the use of construction chemicals are hampering the growth of the market.
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Construction Chemicals Market Competitive Landscape
The Global Construction Chemicals market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses to increase market share and profitability.
Construction Chemicals Market Top Player's Company Profiles
- Ashland Inc
- Dow
- BASF SE
- Sika AG
- Huntsman Corporation
- Arkema Group
- Akzo Nobel N.V.
- Evonik Industries AG
- Mapei S.p.A.
- W.R. Grace & Co.
- RPM International Inc.
- Fosroc International Limited
- Pidilite Industries Ltd.
- CHRYSO SAS
- Kao Corporation
- Henkel AG & Co. KGaA
- GCP Applied Technologies Inc.
- Bostik SA
- Saint-Gobain Weber
- FUCHS Group
- MAPEI Corporation.
Construction Chemicals Market Recent Developments
- In May 2022, The CMA will look into Saint-Gobain's acquisition of GCP Applied Technologies. In December 2021, Saint-Gobain announced that they had reached an agreement to buy GCP for $2.3 billion in a deal valued at roughly $2.3 billion (USD).
- In May 2022, Verdant Innovations of the United States has launched its first line of specialty green sustainable chemicals. As the company develops additional chemical solutions to meet the needs of all clients involved in the manufacturing and delivery of consumer products, Cellulose Solutions will distribute all green solutions.
Construction Chemicals Key Market Trends
- Ready-to-Mix Concrete (RMC) is preferred over traditional concrete due to its ease of use, convenience, and superior quality. Furthermore, wastage lessening, fewer inventory costs, and efficient utilization will lead to a decrease in the overall project costs, which will augment the market over the projected period.
- Growing urbanization is resulting in various commercial development projects and upgrades of road, rail, and air transport infrastructure, thereby influencing demand for construction chemicals. Thus, the rise in urbanization and growing construction industry are anticipated to offer lucrative growth avenues for the market.
Construction Chemicals Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Construction Chemicals Market Analysis, in 2021, the Asia-Pacific region dominated the market. China's rapidly increasing population has made the country a major consumer of these chemicals. Furthermore, rapid industrialization is boosting the market. Real estate is the largest segment in the global construction chemicals market. Real estate would be the first preference for new entrants due to surging population and urbanization driving the need for sustainable infrastructure and environmentally friendly products. Various government initiatives to promote infrastructure activities, combined with a growing residential sector, will significantly aid the growth during the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 27.74 billion |
| Market size value in 2031 | USD 37.55 billion |
| Growth Rate | 8.6% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| 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.
Construction Chemicals Market Report Snapshots
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