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The construction chemicals market size is forecast to increase by USD 29.51 billion, at a CAGR of 9.41% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by the dynamic interplay of various factors. Specialty contractors employ advanced application techniques to enhance the performance of curing compounds, fireproofing agents, and reinforcement fibers in buildings. Bio-based materials are gaining traction due to their environmental appeal, while high-performance concrete and lightweight concrete are shaping infrastructure projects. In commercial and residential construction, construction chemicals additives, concrete admixtures, waterproofing membranes, and smart materials are essential components. Epoxy resins offer superior chemical resistance and durability, while distribution networks ensure seamless delivery. Sustainability in construction is a growing concern, with green building materials and expansion joints playing crucial roles in reducing carbon footprints.
Structural engineering and quality control are paramount, with performance testing, durability testing, and ASTM standards ensuring compliance. In industrial construction, inventory control, mixing and dispensing, and protective coatings are vital for efficient production processes. Precast concrete and concrete repair materials are essential for maintaining the longevity of structures. The market's continuous evolution is influenced by the ongoing development of new technologies, regulatory requirements, and evolving customer needs. Pricing strategies, moisture vapor transmission, and life cycle assessment are critical considerations for stakeholders. The construction chemicals industry remains a vibrant and dynamic sector, with ongoing innovation and growth.
The construction chemicals industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The concrete admixtures segment is estimated to witness significant growth during the forecast period.
Concrete production involves the combination of cement, sand, crushed rock, and water in precise ratios. Concrete admixtures are essential in enhancing the concrete production process by improving material flow and reducing application time. These additives offer several advantages in construction, such as cost savings, property modification, and increased ease of use. They prevent segregation and promote a smoother, even surface. Various types of concrete admixtures exist, including hyper-plasticizers, plasticizers, super-plasticizers, retarders, air entrainments, accelerators, and corrosion inhibitors. Curing compounds play a crucial role in the curing process of concrete, ensuring its durability and strength. Bio-based materials are increasingly being adopted as alternatives to traditional materials, reducing the carbon footprint in construction.
Fireproofing agents are essential for ensuring safety in structures, while application techniques optimize the use of these agents. Reinforcement fibers enhance concrete's tensile strength, and building contractors rely on them for structural integrity. Thermal performance is a significant concern in construction, and insulation materials contribute to energy efficiency. Performance testing is essential for ensuring the quality of construction materials and their compliance with industry standards. Sustainability in construction is a growing trend, with green building materials gaining popularity. Smart materials, such as self-healing concrete, offer innovative solutions to infrastructure challenges. Construction materials suppliers play a vital role in the distribution network, ensuring the timely delivery of materials to construction sites.
High-performance concrete and lightweight concrete are popular choices for commercial and industrial construction. Epoxy resins are used for various applications, including protective coatings and adhesives. Infrastructure projects require durability testing and civil engineering expertise for successful execution. Logistics and transportation play a crucial role in ensuring the timely delivery of materials to construction sites. Precast concrete and concrete repair materials are essential for maintaining the longevity of structures. Inventory control and mixing and dispensing technologies optimize the use of materials and reduce waste. ASTM standards provide guidelines for the testing and performance of construction materials, ensuring their quality and safety.
Pricing strategies and life cycle assessments are essential considerations in the construction industry. Moisture vapor transmission and chemical resistance are critical factors in the selection of waterproofing membranes and concrete repair materials. In conclusion, the market is dynamic, with various entities playing essential roles in ensuring the successful execution of construction projects. From curing compounds and bio-based materials to fireproofing agents and application techniques, each component contributes to the overall success of a construction project. The industry's focus on sustainability, durability, and cost savings continues to drive innovation and growth.
The Concrete admixtures segment was valued at USD 13.17 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 51% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The APAC region is a significant and influential market segment in the global construction chemicals industry. With diverse economies at varying stages of industrialization and infrastructure development, APAC is a key driver of market growth. Urbanization and industrialization in countries like China, India, and Southeast Asia are accelerating at an unprecedented pace, fueling demand for modern construction solutions. Construction chemicals, including admixtures, adhesives and sealants, and coatings, play a crucial role in enhancing building durability, strength, and sustainability. Supply chain management is essential for delivering these products efficiently. Application techniques and surface preparation are vital for optimal performance.
Curing compounds ensure proper curing processes for concrete structures. Fireproofing agents protect against potential fires, while thermal performance materials maintain temperature control. Reinforcement fibers and expansion joints enhance structural integrity. Bio-based materials and green building materials are gaining popularity for their environmental benefits. Sustainability in construction is a growing concern, with a focus on reducing carbon footprints and minimizing environmental impact. Performance testing and durability testing ensure high-quality products meet industry standards, such as ASTM. Specialty contractors and construction materials suppliers collaborate to provide innovative solutions. Distribution networks ensure timely delivery, while logistics and transportation optimize supply chain efficiency.
Epoxy resins, grouting materials, and polyurethane foams are essential components of various construction projects. Infrastructure projects require high-performance concrete and lightweight concrete for improved durability and reduced environmental impact. Fiber-reinforced concrete and precast concrete are popular choices for their strength and versatility. Inventory control, mixing and dispensing, and application techniques are crucial for maintaining product quality. Chemical resistance and corrosion inhibitors protect against environmental factors. Adhesion testing ensures strong bonding between materials. Construction chemicals additives, such as waterproofing membranes and smart materials, offer advanced functionalities. Pricing strategies and life cycle assessments are essential considerations for construction projects. Moisture vapor transmission and civil engineering are also crucial factors in the industry.
Overall, the APAC market is dynamic and evolving, with a focus on innovation, quality, and sustainability.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The construction chemicals market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the construction chemicals market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, construction chemicals market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
3M Co. - The company specializes in providing construction chemicals that ensure project success.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
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 industry 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.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Construction Chemicals Market insights. See full methodology.
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 |
Key countries |
US, China, India, Japan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this construction chemicals market research report to meet your requirements.
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
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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