Analysts at GMI Research estimates that the Construction Chemicals Market was worth USD 46.8 billion in 2022, and forecast to touch USD 68.1 billion in 2030, growing at a CAGR of 4.8% from 2023-2030.

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Major Construction Chemicals Market Drivers

Construction chemicals are a wide range of chemicals which are mixed with cement, concrete, among other construction materials to improve the performance of buildings and structures across the construction industry.   They are primarily used to enhance the strength and sustainability of concrete, provide functionality, prevent from corrosion of metal structures and to speed up the procedures. It is also employed to improve the properties of construction materials such as steel, wood and concrete and to enhance the workability during construction. Construction chemicals such as concrete admixtures, asphalt additives, adhesives and sealants. For example, concrete admixtures are used to improve the durability, strength and workability. Construction chemicals are widely used in construction projects as it has increased the building material quality and provide sustainability.

Construction chemical market is driven by the growing demand for infrastructure development, increasing focus on sustainable materials and rising need for durable & civil structure across the globe. Rapid expansion of construction industry will increase the demand for construction chemical worldwide. In addition, construction industry is driven by the population growth, increasing consumer spending, urbanization and technological advancements. As the population increases, the demand for new and improved infrastructure will increase. Rising investment on infrastructure development such as roads, airports, highways, buildings and bridges will create the demand for skilled labors in the construction industry. Growing demand for commercial, public and residential structures is likely to increase the sales of construction chemicals in upcoming years. Moreover, growing awareness regarding the energy saving and sustainability across construction sector is expected to benefit the construction chemicals market. Rapid innovations such as VR and BIM has further changed the way of designing the buildings has upsurge the growth of the construction industry. Increasing upcoming construction projects and growing government focus on green building criteria is further paving the way for construction chemical market.

Rapid growth of the new construction in the developing counties will boost the global construction chemical market. Increasing population size in countries like India, China and South Korea has increased the need for residential and commercial structures, which will drive the market growth. Growing need of different construction chemicals such as concrete admixtures, asphalt additives, adhesives and sealants along with the increasing cement consumption is further boosting the construction chemical industry.  With the increasing per capita income, the residential housing for the middle-class people is also increasing is also expected to support the market expansion. Furthermore, rapid urbanization also led to the increase in the construction of residential and non-residential buildings will accelerate the market growth. However, increasing government rules and regulations regarding the VOC emissions and fluctuations in the raw materials prices is expected to hamper the expansion of the construction chemicals market.

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Product – Segment Analysis

Concrete Admixtures segment estimated to hold the largest market share during the forecast period owing to the advancement in the concrete admixtures along with the enhanced properties. Concrete admixtures increased permeability,  enhance the durability and strength, improves workability and low cement-water ratio is boosting the demand across the globe. In addition, increasing utilization of concrete admixture along with the growing construction activities of high rise and mid rise buildings is accelerating the market growth. Expansion of construction industry in India, China, Germany and UK has increased the use of concrete admixtures, which will drive the construction chemicals industry. Waterproofing segment is expected to grow due to the increasing use of waterproofing for preventing water from penetration building materials and damages. Waterproofing chemicals is added to concrete as a maintenance and preventing waterproofing ingredients during the construction phase.

Application – Segment Analysis

Commercial segment is driven by the increasing infrastructural development such as roads, dams, bridges and highways. Moreover, high population growth rate has increased the demand for high quality public buildings is boosting the market growth. Residential segment is driven by the increasing demand for luxury properties due to the increasing per capita income of consumers. Rapid urbanization and reducing housing prices in developing countries such as India and China is further increasing the demand for construction chemicals across the residential sector. Moreover, rising demand for the attractive residential properties and change in the lifestyle of people is further supporting the market growth.

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Regional – Segment Analysis

Asia-Pacific construction chemical market is expected to register higher growth rate due to the expansion of housing construction across APAC countries like India and China. The key factors such as increasing population growth, rising middle class income and rapid urbanization. Moreover, growth in the construction sector along with the rapid industrialization is boost the APAC region. Increasing demand for luxury homes and growing construction activities across the APAC countries such as India and China have further fuelled the market expansion. For instance, Shining Building Business Company planned to build new housing projects amounting to USD 1.08 Billion in China and Taiwan. Increasing government focus on boosting construction sector is further propelling the market growth. For example, Indian government planned to provide homes to approx. 1.3 billion people. India further aimed to invest USD 1.3 trillion in housing during the forecast period.

Construction Chemicals Market Leaders

Some of the major players operating in the Construction Chemicals Market includes RPM, GCP Advanced Technologies, Carlisle Construction Materials, MAPEI, Sika, China Academy of Building Research, Zhejiang Wulong New Materials, Denka, Kao, Flowric, Dow, Arkema Group and Ashland, among others.

Key Development:

• • In 2023, Sika AG completed the acquisition of MBCC group, part of BASF construction chemicals. The company planned to strengthen its product portfolio across the world.
  • In 2023, Sika AG expanded its production by opening new plant in India. The company planned to manufacture concrete admixtures, mortar products for customers across West Bengal, India.
  • In 2022, Arkema acquired Permoseal to strengthen its position in industrial, construction and DIY markets across South Africa.
  • In 2022, Sika AG opened a new manufacturing plant in Tanzania, East Africa. Through this expansion, company planned to expand its footprint in construction chemical industry.
  • In 2021, DOW planned to increase its production capacity of propylene glycol (PG) by 80,000 tons every year in Thailand.
  • In 2021, RPM International Inc., acquired Dudick Inc. to expand its product portfolio. Dudick Inc. produce high performance coatings, tank linings and flooring systems with annual turnover of approx. USD 10 million.

Segments covered in the Report:

The Construction Chemicals Market has been segmented on the basis of product type, application and region. Based on product type, the market has been segmented into concrete Admixture, Asphalt additives, Specialty Coatings, Adhesive, Sealants, Insulation and Others. Based on the Application, the market has been segmented into Residential, Commercial & Industrial and Infrastructural.

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Market Segmentation

Global Construction Chemicals Market by Product Type

• • Concrete Admixture
  • Asphalt additives
  • Specialty Coatings
  • Adhesive
  • Sealants
  • Insulation
  • Others

Global Construction Chemicals Market by Application

• • Residential
  • Commercial & Industrial
  • Infrastructural

Global Construction Chemicals Market by Region

• • North America Construction Chemicals Market (Option 1: As a part of the free 25% customization)
    • By Product Type
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Construction Chemicals Market (Option 2: As a part of the free 25% customization)
    • By Product Type
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Construction Chemicals Market (Option 3: As a part of the free 25% customization)
    • By Product Type
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Construction Chemicals Market (Option 4: As a part of the free 25% customization)
    • By Product Type
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Global Construction Chemicals (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • RPM
  • GCP Advanced Technologies
  • Carlisle Construction Materials
  • MAPEI
  • Sika
  • China Academy of Building Research
  • Zhejiang Wulong New Materials
  • Denka
  • Kao
  • Flowric
  • Dow
  • Arkema Group
  • Ashland