Global Construction Chemicals Market, By Product (Concrete Admixture, Surface Treatment, Repair and Rehabilitation, Protective Coatings, Industrial Flooring, Waterproofing, Adhesives, Sealants, Grout and Anchor, Cement Grinding Aids), End User (Commercial, Industrial, Infrastructure, Residential, Public Space) – Industry Trends and Forecast to 2029.
Global Construction Chemicals Market Analysis and Size
Over the forecasted period, the construction chemicals are estimated to have significant demand owing to the booming construction activities and high urbanization across the globe. Additionally, the BRICS countries' booming construction industries, driven by China and India, will have a significant impact on the global construction chemicals market. These mentioned growth determinants are anticipated to further aid the overall growth for the market.
- The construction chemicals market was valued at USD 36.73 billion in 2021 and is expected to reach USD 68.49 billion by 2029, registering a CAGR of 8.10% during the forecast period of 2022-2029. The "concrete admixtures" accounts for the largest product segment in the construction chemicals market as they are used during the first stage of construction. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Global Construction Chemicals Market Definition
Construction chemicals are specialty goods that are essential for long-term infrastructure and energy conservation in the construction sector, as well as for increasing building durability and protecting against environmental dangers. In the global construction chemicals market, infrastructure is the most appealing area. Concrete admixtures and other chemical products can also help to reduce the amount of cement and water required during construction.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Billion, Volumes in Units, Pricing in USD
By Product (Concrete Admixture, Surface Treatment, Repair and Rehabilitation, Protective Coatings, Industrial Flooring, Waterproofing, Adhesives, Sealants, Grout and Anchor, Cement Grinding Aids), End User (Commercial, Industrial, Infrastructure, Residential, Public Space)
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
Market Players Covered
BASF SE (Germany), M&I Materials Limited (U.K), Dupont (U.S.), SOLVAY (Belgium), W. R. Grace & Co.-Conn. (U.S.), Setral Chemie GmbH (Germany), GCP Applied Technologies Inc. (U.S.) RPM International (U.S.), Sika India Pvt. Ltd., (Switzerland), Fosroc Inc., (U.K.), Dow (U.S.), Arkem S.A. (France), Ashland Inc (U.S.), Mapei S.p.A (Italy), , MUHU (China) Construction Materials Co., Ltd., (China), Holcim (Switzerland), CHRYSO GROUP (France), GCP Applied Technologies Inc. (U.S.) and Pidilite Industries Ltd., (India).
Construction chemicals Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
The construction chemicals industry is growing due to an increase in the demand for premix admixtures before they are used in construction. Furthermore, increased need for high-quality building chemicals has resulted from decreased infrastructure durability due to heavier downpours and wetter winters.
The unending rate of urbanization necessitates infrastructure development at the same rate, and the construction chemicals market is being throttled rapidly as a result of this general boost in the construction sector.
The increasing awareness about the advantages of using these construction chemicals, which basically improve the properties of construction such as compressive durability, strength and resistance to undesirable working conditions will further propel the growth rate of construction chemicals market. The growing rate of middle-class residential housing is also projected to bolster the growth of the market.
- High Investments and Eco-Friendly Chemicals
Furthermore, growing emphasis of governments on green building standards and eco-friendly chemicals, extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the heavy investments by established market players on eco-binders and silicate binder systems are also anticipated to further expand the future growth of the construction chemicals market.
Restraints/Challenges Global Construction Chemicals Market
- Regulatory Policies Associated with Emissions
The surging environmental regulatory policies regarding volatile organic compounds (VOC) emissions are expected to hinder the growth of the construction chemicals market.
- Fluctuations in Prices and Rates
The factors such as volatility of cost in energy and raw materials along with the fluctuating economic rate are estimated to prove to be a demerit for the construction chemicals market. Therefore, this factor will obstruct the construction chemicals market growth rate.
Furthermore, the uncertainty in the change of government rules and regulations which prolongs the determined time of the project execution is projected to challenge the market growth.
This construction chemicals market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the construction chemicals market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Construction chemicals Market
The emergence of coronavirus had a negative impact on the construction chemicals market. The severe disruptions in various manufacturing as well as the construction operations due to the various precautionary lockdowns imposed by governments to curb the spread of disease led to huge financial setback for the market. The construction work came to a halt all around the world, particularly in major construction hubs like China, India, the United States, and European countries. For instance, owing to the coronavirus outbreak and slower economic growth in South Korea, the construction industry is expected to decrease by around 3% in 2020. Following the lockdown and restoration of corporate activities, the market may see a loss of investment plans and the cancellation of planned projects, hurting building and construction across the region. These aforementioned determinants will weigh on the market's revenue trajectory over the forecast period.
- In June 2021, RPM International Inc. announced the acquisition of Dudick Inc. by its Carboline subsidiary. Dudick is a manufacturer of high-performance coatings, flooring systems, and tank linings based in Streetsboro, Ohio, with annual net sales of around USD 10 million. The transaction's terms were not made public.
Global Construction chemicals Market Scope
The construction chemicals market is segmented on the basis of product and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Concrete Admixture
- Surface Treatment
- Repair and Rehabilitation
- Protective Coatings
- Industrial Flooring
- Waterproofing, Adhesives
- Grout and Anchor
- Cement Grinding Aids
The construction chemicals market has also been segmented on the basis of product into concrete admixture, surface treatment, repair and rehabilitation, protective coatings, industrial flooring, waterproofing, adhesives, sealants, grout and anchor and cement grinding aids. Concrete admixtures are further segmented into chemical and mineral admixtures. The chemical admixtures consist of normal plasticizers, superplasticizers, accelerating agents, retarding agents, air-entraining agents and waterproofing admixtures. Mineral concrete admixtures further includes rice husk ash, fly ash, granulated blast furnace slag and silica fume. The concrete admixtures segment is anticipated to have largest share in the market as they are used during the first stage of construction.
- Public Space
On the basis of end user, the construction chemicals market is segmented into commercial, industrial, infrastructure, residential and public space.
Construction chemicals Market Regional Analysis/Insights
The construction chemicals market is analyzed and market size insights and trends are provided by country, product and end user as referenced above.
The countries covered in the construction chemicals market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the construction chemicals market because of the massive expansion of construction coupled with the incentives by the governments to promote the infrastructure sector. Additionally, booming residential sector due to the burgeoning middle-class population have boosted the market growth within the region.
North America on the other hand, is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the booming economy and significant market fundamentals for commercial real estate projects in the region. Furthermore, the expanding population and new building projects in the pipeline may boost the expansion of the construction chemicals market in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Construction chemicals Market Share Analysis
The construction chemicals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to construction chemicals market.
Some of the major players operating in the construction chemicals market are
- BASF SE (Germany)
- M&I Materials Limited (U.K)
- Dupont (U.S.)
- SOLVAY (Belgium)
- W. R. Grace & Co.-Conn. (U.S.)
- Setral Chemie GmbH (Germany)
- GCP Applied Technologies Inc. (U.S.)
- RPM International (U.S.)
- Sika India Pvt. Ltd., (Switzerland)
- Fosroc Inc., (U.K.)
- Dow (U.S.)
- Arkem S.A. (France)
- Ashland Inc (U.S.), Mapei S.p.A (Italy)
- MUHU (China) Construction Materials Co., Ltd., (China)
- Holcim (Switzerland)
- CHRYSO GROUP (France)
- GCP Applied Technologies Inc. (U.S.)
- Pidilite Industries Ltd., (India).