Construction Chemicals Market Research Report - Global Forecast till 2030

Construction Chemicals Market Research Report: Information By Type (Admixtures, Flooring, Waterproofing, Repair & Rehabilitation, and Others), By Application (Residential, and Non-Residential), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) ‚Äď Market Forecast Till 2030.

ID: MRFR/CnM/1428-HCR | 111 Pages | Published By Priya Nagrale on April 2023         

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Global Construction Chemicals Market Overview


The  Construction Chemicals Market Size was valued at USD 30.1 Billion in 2022 and is projected to grow from USD 32.1 Billion in 2023 to USD  37.55 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.60% during the forecast period (2023 - 2030).Construction chemicals are specialty chemical compounds that are used in construction activities. These chemicals are added to construction materials such as cement, concrete, coatings, and others, where they provide high strength and durability and increase the construction work and give additional protection from environmental hazards. Construction chemicals have major applications in enhancing the performance of concrete and also provide benefits to less usage of water and cement during construction activities.


      Construction Chemicals Market Overview     


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Construction Chemicals Market Trends



  • Growing Awareness Regarding Green Construction Will Has a Significant Impact on Market Growth.


The growing awareness of environmental hazards caused by conventional buildings and changes in government policies globally are the key reasons for construction chemical adoption, especially for building activities. Some major players in the construction industry are focusing on underground structure protection with green and sustainable materials, polycarboxylate ether-based green admixtures, thermal insulation, overall building protection, cool roof treatment, and others, which will play a vital role in sustainability.  


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Additionally, Chemicals used in the construction sector increase the overall cost, though it is more beneficial to the environment. Construction chemicals add more strength and corrosion resistance to the infrastructure, and they also bring down the cement and water volume used during the construction process. Moreover, the major purpose for the adoption of construction chemicals is that enhances the performance of buildings such as structural tapes, thermoset hot melts, and multi-purpose adhesives. The judicious use will change the global residential and non-residential market and will have a positive impact on the environment.


Construction Chemicals Market Segment Insights


Construction Chemicals Type Insights


The  Construction Chemicals Market segmentation, based on Type, includes concrete admixtures, flooring chemicals, waterproofing chemicals, repair & rehabilitation chemicals, and others. Cement is widely used as a binding material within construction, cement is added with crushed rock, water, and sand in precise quantities to produce concrete. Concrete admixtures are then added to improve the properties of the concrete. They provide benefits such as low cement water ratio, improved setting time, prevent settlement, reduce segregation, and Improve pump ability. The growing construction industry in China, India, the UK, and Germany is causing the high usage of concrete admixtures, which will cause the growth of the construction chemicals market. 


Construction Chemicals Application Insights


Based on Application, the  Construction Chemicals Market segmentation includes residential and non-residential. Among these non-residential segment dominated due to growing infrastructure development. Demand for commercial buildings, bridges, roads, dams, and tunnels is further driving the market growth. Additionally, growing disposable economies along with a high population rate are causing a high demand for high-end and better-quality structures for public use, which is acting as a growth driver for global construction chemicals. 


Figure 2:  Construction Chemicals Market, by Application, 2023 & 2030 (USD Billion)

Construction Chemicals Market, by Application, 2023 & 2030
            


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Construction Chemicals Regional Insights


By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The construction chemicals market size in North America stood at USD 9.8 billion in 2018. The market in this region is characterized by growing construction activities in the U.S. and Canada. Various initiatives taken by the governments to promote infrastructure activities along with the growing residential sector will largely facilitate the growth of the market in the region during the forecast period.


Figure 3:  CONSTRUCTION CHEMICALS MARKET SHARE BY REGION 2023 (%)


CONSTRUCTION CHEMICALS MARKET SHARE BY REGION 2023      


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


The Asia Pacific dominated the market due to the growing construction industry in India, China, South Korea, and Japan. The rapidly escalating population rate in China has made the country a major consumer of construction chemicals. Moreover, booming industrialization is also supporting the market growth of construction chemicals.


The construction chemical market in Europe is expected to be primarily driven by the residential segment which includes middle-class housing, elite housing, and low-cost housing. Increasing demand for penthouses, apartments, bungalows, and villas, with amenities and high-class designs, is expanding rapidly.


Construction Chemicals Key Market Players & Competitive Insights


Major market players are spending a lot of money on R&D to increase their product lines, which will help the Construction Chemicals market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Construction Chemicals industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.


The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Construction Chemicals. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Construction Chemicals industry must offer affordable products.


Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Construction Chemicals industry to benefit customers and expand the market sector. The Low-Profile Additives market has recently given medicine some of the most important advantages. Major Construction Chemicals market players, including BASF SE of Germany, Ashland Inc. of the United States, Pidilite Industries Ltd of India, Sika AG of Switzerland, and others, are attempting to increase market demand by funding R&D initiatives.


BASF is a company that provides petrochemicals, intermediates, performance materials, monomers, dispersions and pigments, performance chemicals, catalysts, coatings, and care chemicals. It conducts its operations through six business segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition and Care, and Agricultural Solutions.


Also, Ashland is a company that provides specialty chemical solutions. Its Specialty Ingredients segment offers solutions using natural, synthetic, and semisynthetic polymers derived from plant and seed extract, cellulose ethers, vinyl pyrrolidones, and acrylic polymers, as well as polyester and polyurethane-based adhesives. Its Composites segment manufactures and sells a range of unsaturated polyester and vinyl ester resins and gel coats.


Key Companies in the Construction Chemicals market include



  • BASF SE of Germany

  • Ashland Inc. of the United States

  • Pidilite Industries Ltd of India

  • Sika AG of Switzerland

  • Fosroc Inc. of India

  • Apple Chemie India Pvt Ltd of India

  • Cross International Plc of United Kingdom

  • Dow of the United States

  • RPM International Inc. of the United States

  • Grace and Company of the United States

  • Henkel AG of Germany

  • Evonik Industries AG of Germany

  • Tata Chemicals of India

  • Huntsman International LLC of the United States

  • Other


Construction Chemicals Industry Developments


Feb 2022, Sika, a manufacturer of construction chemicals, has reported its highest-ever yearly profit. Sika reported a 2 37.55 percent increase in full-year net profit and recommended a 16 percent increase in the dividend, owing to a rebound in construction projects following the pandemic and a slew of acquisitions. Sika said it aimed to raise its share of the construction chemicals market from roughly 10% presently to 12% by 2025 after making seven acquisitions last year.


Dec 2021, Saint-Gobain, a Paris-based construction materials firm, announced yesterday that it would purchase GCP Applied Technologies, a US construction chemicals company, for $2.3 billion. Saint-Gobain will pay $32 in cash for each of GCP's outstanding shares under a "definitive contract" between the two companies. According to the company, this acquisition is critical in establishing Saint-global Gobain's leadership position in construction chemicals, with total sales of more than €4 billion. It advances the group's strategy as the global leader in sustainable construction.


Construction Chemicals Market Segmentation


Construction Chemicals Process Outlook



  • French/ Indirect Process

  • American / Direct Process

  • Wet Process

  • Others


Construction Chemicals Grade Outlook



  • Standard

  • Chemical

  • Pharma

  • Food

  • Others


Construction Chemicals Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America





Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD  30.1 Billion
Market Size 2023 USD 32.1 Billion
Market Size 2030 USD  37.55 Billion
Compound Annual Growth Rate (CAGR) 8.60% (2023-2030)
Base Year 2023
Market Forecast Period 2023-2030
Historical Data 2018 & 2020
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled BASF SE (Germany), Pidilite Industries Ltd (India), Sika AG (Switzerland), Fosroc, Inc. (India), Apple Chemie India Pvt. Ltd (India), Croda International Plc (UK), Dow (US), RPM International, Inc (US), W. R. Grace & Company (US), Henkel AG (Germany), Evonik Industries AG (Germany), Tata Chemicals (India), Huntsman International LLC (US), LATICRETE International, Inc (US), and Chemex Chemical (India)
Key Market Opportunities ·         Governments across developing countries are significantly investing in infrastructure development.
Key Market Dynamics ·         Increasing investment in infrastructure development and residential construction activities across the globe ·         The increase in urbanization and rapid population growth.


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Frequently Asked Questions (FAQ) :

The  Construction Chemicals Market size was valued at USD  30.1 Billion in 2022.

The global market is projected to grow at a CAGR of 8.60% during the forecast period, 2023-2030.

Asia Pacific had the largest share of the  Construction Chemicals Market.

The key players in the market are Zochem (US), SILOX SA (Belgium), American Chemet Corporation (US), H. Chemicals (Canada), Rubamin (India), Grillo Zinkoxid GmbH (Germany), Pan-Continental Chemical Co., Ltd (Taiwan), Mario Pilato Blat, and SA (Spain)

The French/indirect categories dominated the market in 2023.

The standard had the largest share in the global market for Construction Chemicals.