Enjoy complimentary customisation on priority with our Enterprise License!
The construction chemicals market size is forecast to increase by USD 29.51 billion at a CAGR of 9.41% between 2023 and 2028. Market growth hinges on several key factors such as the upsurge in residential and commercial construction activities, escalating demand for concrete admixtures, and growing awareness of anti-viral protective paints and coatings. The increase in construction activities drives demand for building materials and solutions that enhance durability, efficiency, and sustainability. Simultaneously, the rising adoption of concrete admixtures reflects efforts to improve concrete performance, such as enhancing strength, workability, and durability. Moreover, heightened awareness of anti-viral protective paints and coatings underscores a shift towards health-conscious building materials that mitigate the spread of pathogens on surfaces. These trends collectively stimulate market expansion by fostering innovation in construction materials, technology solutions, and sustainable building practices. As stakeholders prioritize safety, efficiency, and environmental responsibility, opportunities abound for developing and deploying advanced solutions that meet evolving industry standards and consumer preferences.
The market share growth by the concrete admixtures segment will be significant during the forecast years. Concrete production requires the mixing of cement, sand, crushed rock, and water in specific proportions. Concrete admixtures enable better mixing of materials during concrete production from cement. Admixtures reduce the cost of concrete construction Admixtures are used to modify the final properties of hardened concrete They allow the easy flow of concrete.
Get a glance at the market contribution of the End User segment Request Free Sample
The concrete admixtures segment accounted for USD 13.17 billion in 2018. The different types of concrete admixtures include hyper-plasticizers, plasticizers, super-plasticizers, retarders, air entrainments, accelerators, and corrosion inhibitors. These prevent fungal or bacterial growth on concrete walls and buildings. They are available in various forms, including powders and fluids. However, the lack of awareness about admixtures and their benefits is limiting market growth. Thus, such factors under the concrete admixtures segment will drive market growth during the forecast period.
The non-residential segment consists of commercial buildings, such as shops, hotels, restaurants, office spaces, industrial buildings, schools, and hospitals. This segment is expected to grow as both developed and developing economies are likely to invest heavily in this segment during the forecast period. Further, developing economies, such as China, India, Indonesia, and Brazil, are expected to invest heavily in the non-residential construction-segment to meet the high demand for entertainment, education, and healthcare. Additionally, the emergence of multinational companies has led to a rise in the number of employees and office spaces globally.
APAC is estimated to contribute 51% to the growth of the global market during the projection period.
Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the projection period.
For more insights on the market share of various regions Request Free Sample
The market in APAC is the largest and the fastest-growing market globally, with China being the dominant player. The regional market is driven by rapid urbanization that fuels the growth of the construction market. Many global companies, especially those operating in the manufacturing sector, are focusing on establishing production facilities and R&D centers in APAC. This is due to the favorable government policies, availability of low-cost resources and a skilled workforce, and low operating and labor costs in the region. Thus, the construction-industry will potentially generate a huge demand for construction chemicals. Hence, such factors are expected to drive market growth in this region during the forecast period.
The market experiences growth driven by the rise in residential and commercial construction activities, spurred by increasing per capita disposable income and demand for new structures, including residential structures and new offices. A significant trend in this market is the rising support for eco-friendly and energy-efficient products, reflecting a shift towards sustainable building practices. However, the industry faces challenges, such as the implications of strict regulations on building materials manufacturing, leading to restrictions and impacting supply chains and labor availability.
Despite challenges, the construction chemicals market continues to rebound, driven by the need for innovative solutions to address diverse construction requirements and ensure the durability and longevity of structures. As the market evolves, stakeholders navigate through regulatory landscapes and embrace technological advancements to meet the demands of modern construction practices while adhering to environmental and safety standards.
The rise in residential and commercial sector construction activities is the key factor driving market growth. The construction chemical market is being propelled by urbanization and infrastructure investments, which enhance productivity, performance, and environmental protection, as well as durability and concrete protection from leakage. Global infrastructure expansion, including residential and non-residential projects, is on the rise, with increased demand for industrial coatings.
Moreover, ensuring profitability in this sector requires careful consideration of funding sources, consumer demand for innovation, and the availability of raw material suppliers and wholesalers to maintain value throughout the supply chain.
Rising support for eco-friendly and energy-efficient products is a major trend in the market. Water-based reactive formulations are being preferred over solvent-based formulations to comply with VOC emissions regulations. Manufacturers are reformulating their products and making other efforts to produce eco-friendly solvent-based products. Adhesives and sealants based on polyurethane and silicone are expected to benefit due to their superior performance. Additionally, hotmelt products are in demand for their quick curing rates and absence of VOC emissions.
Moreover, aligned with market growth and trends the waterborne coatings market has witnessed a steady stream of innovations with a focus on developing eco-friendly products and coatings with functional benefits. Due to their low VOC content, waterborne protective coatings are replacing solvent-borne protective coatings in the market. Manufacturers of construction products are also launching eco-friendly products to expand their product portfolio. Therefore, such rising support for eco-friendly and energy-efficient products will augment the growth of the market during the forecast period.
The implications of strict regulations on building materials manufacturing are hindering the growth of the market. Solvent-based coatings dominate the protective coatings market due to their long-standing use. However, their VOC content can be harmful to the environment. Regulatory bodies in North America and Western Europe have imposed limitations to mitigate the adverse impact of such products. The Restriction of Hazardous Substances Directive in the EU prohibits hazardous substances in chemical products, while DIN EN 16516 regulates the emission measurement of construction materials products and applications.
Additionally, some European countries have their respective regulations for construction products like coatings and paints. The German Federal Environment Agency recently updated the AgBB scheme, which revises the DIBt standard for testing and evaluating VOC emissions from construction materials and products. Therefore, all these factors are expected to hinder the growth of the global construction-chemicals market during the forecast period.
Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches to enhance their presence in the market.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Arkema Group, Ashland Inc., Bostik Ltd., Dow Chemical Co., Fosroc International Ltd., Guangzhou Jointas Chemical Co. Ltd., Henkel AG and Co. KGaA, Huntsman International LLC, LATICRETE International Inc., Mapei SpA, Momentive Performance Materials Inc., RPM International Inc., Wacker Chemie AG, Ardex Endura Ltd., Compagnie de Saint Gobain, H.B. Fuller Co., Lanxess AG, Pidilite Industries Ltd., and Sika AG
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segment
You may also interested in below market reports:
Construction Chemicals Market in Southeast Asia Construction Chemicals Market in Southeast Asia by Application and Geography - Forecast and Analysis
Concrete Surface Treatment Chemicals Market Concrete Surface Treatment Chemicals Market by Application, Product, and Geography - Forecast and Analysis
Specialty Chemicals Market Specialty Chemicals Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, South Korea, Germany - Size and Forecast
The Construction Chemicals Market thrives on the robust construction activity across various sectors, including real estate and infrastructure developments. With increasing spending and investment from private entities and foreign investments, the market experiences significant volume growth driven by commercial projects and residential sector demands. Waterproofing solutions play a vital role in housing unit construction drives, ensuring sustainability and durability in residential buildings and commercial projects such as shopping malls and retail outlets. Amid labor shortages and supply chain disruptions, specialty cement additives and polymer-based grouts enhance construction productivity and performance in high-rise buildings and mid-rise buildings.
Furthermore, green building initiatives and public-private partnerships (PPP) support the adoption of sustainable buildings and green points to mitigate greenhouse gas emissions. The market witnesses product launches and technological advancements in waterproofing agents, fire protection chemicals, and sealants & coatings to meet environmental factors and regulatory standards. As the urban population grows, construction chemicals become essential components in transportation infrastructure and utility infrastructure, including roads, bridges, tunnels, and dams. With a focus on performance and durability, the Construction Chemicals Market continues to innovate to meet the evolving needs of end-use industries and emerging economies.
Construction Chemicals Market Scope |
|
Report Coverage |
Details |
Page number |
180 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.41% |
Market Growth 2024-2028 |
USD 29.51 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.93 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 51% |
Key countries |
US, China, India, Japan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., Arkema Group, Ashland Inc., Bostik Ltd., Dow Chemical Co., Fosroc International Ltd., Guangzhou Jointas Chemical Co. Ltd., Henkel AG and Co. KGaA, Huntsman International LLC, LATICRETE International Inc., Mapei SpA, Momentive Performance Materials Inc., RPM International Inc., Wacker Chemie AG, Ardex Endura Ltd., Compagnie de Saint Gobain, H.B. Fuller Co., Lanxess AG, Pidilite Industries Ltd., and Sika AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, market growth analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market trends and analysis report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.