Construction Chemicals Global Market Report 2024

The construction chemicals market size has grown strongly in recent years. It will grow from $48.96 billion in 2023 to $53.73 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The expansion observed in the historical period can be attributed to infrastructure development demands, the need for durable construction materials, the utilization of concrete admixtures, advancements in waterproofing solutions, a surge in repair and restoration projects, and progress in material science improving construction materials.

The construction chemicals market size is expected to see strong growth in the next few years. It will grow to $77.77 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. Anticipated growth in the upcoming period is expected due to the adoption of sustainable construction practices, the integration of energy-efficient building solutions, an increased focus on safety and resilience in construction, the pursuit of green building certifications, and the expansion of residential construction projects. Key trends projected for this period encompass innovation in self-healing materials, the development of adhesives and sealants for efficient construction practices, the utilization of corrosion inhibitors in infrastructure projects, advancements in flooring solutions, and the application of shotcrete and gunite technologies in construction processes.

The burgeoning demand within the construction sector significantly drives the expansion of the construction chemicals market. Construction encompasses a broad spectrum of activities involving the creation, modification, repair, renovation, enhancement, or dismantling of structures. Construction chemicals play a vital role in mitigating abrasion, enhancing bonding capabilities, and extending the lifespan of buildings. For example, as reported by the FMI Corporation, a U.S.-based management consulting firm, there is a projected 5% increase in engineering and construction investment in 2022 compared to 2021. Notably, key contributors to this growth include prominent nations such as China, India, and the USA. Consequently, the upsurge in construction activities is anticipated to serve as a significant catalyst propelling the growth trajectory of the construction chemicals market.

The escalation in catastrophic events is poised to drive the growth of the construction chemicals market in the foreseeable future. Catastrophic events encompass sudden, widespread, and severe incidents or disasters that cause substantial damage and disruptions to communities and ecosystems. The utilization of construction chemicals plays a crucial role in fortifying structures against such events, bolstering their durability and resilience, minimizing damage, and aiding in effective recovery and reconstruction efforts. For example, as per ReliefWeb, a U.S.-based humanitarian information portal, the recorded instances of catastrophic events in 2022 totaled 387, slightly surpassing the average of 370 from preceding years. Consequently, the mounting concerns surrounding catastrophic events serve as a significant driver propelling the demand for construction chemicals as they play a pivotal role in fortifying structures against such adversities.

Strategic partnerships are emerging as a prominent trend within the construction chemicals market, with major companies actively engaging in collaborations to fortify their market standing. An illustrative example of this trend unfolded in January 2021 when Nippon Paint, a leading paint manufacturer based in Japan, forged a partnership with Choksey Chemicals, an Indian company specializing in construction chemicals. This collaboration saw Choksey Chemicals taking on the manufacturing and supply responsibilities for waterproofing and sealant grades tailored for Nippon Paint's offerings in India. Another noteworthy instance occurred in May 2022 when Pidilite Industries Limited, an Indian adhesive manufacturer, entered into a partnership with GCP Applied Technologies, a U.S.-based provider of construction products. This strategic alliance empowered Pidilite to offer high-performance waterproofing solutions, marketed under the brand Dr.Fixit, designed specifically for challenging sites characterized by extreme temperature variations and high water tables. These partnerships underscore the industry's drive to leverage synergies and expertise, resulting in enhanced product offerings and market presence within the construction chemicals sector.

Major players in the construction chemicals market are actively pursuing the development of innovative products, including eco-friendly dispersions, in response to the rising demand for sustainable solutions and to gain a competitive advantage. Eco-friendly dispersions represent a sustainable alternative devoid of harmful components, tailored for diverse applications such as paints, aimed at reducing environmental impact. As an illustration, in July 2022, Synthos, a chemicals company based in Poland, introduced Synexil SAB 05, a novel eco-friendly dispersion tailored for the production of construction chemicals, particularly paints suitable for children's rooms and allergy-sensitive applications. This product offers impressive features including UV resistance, a low film formation temperature for solvent-free chemicals, and high scrub resistance. Compliant with stringent low emission standards, it is well-suited for white interior paint, ensuring minimal indoor air pollution. Notably, Synexil SAB 05 is free from harmful elements such as APEO, solvents, ammonia, and formaldehyde donors, aligning with Synthos' commitment to safety, sustainability, and responsible manufacturing practices.

In September 2022, Saint-Gobain, a renowned French manufacturer and distributor of materials and solutions, completed the acquisition of GCP Applied Technologies for an undisclosed sum. This strategic acquisition represents a pivotal milestone for Saint-Gobain, positioning the company as a prominent global entity in the realm of construction chemicals. The move seamlessly aligns with Saint-Gobain's overarching strategy to solidify its position as a global leader in lightweight and sustainable construction solutions. Notably, GCP Applied Technologies, a U.S.-based company specializing in construction chemicals, now stands as a valuable addition to Saint-Gobain's portfolio, bolstering its capabilities and presence within the industry.

Major companies operating in the construction chemicals market report are Koch Industries Inc., BASF SE, The Dow Chemical Company, Saint-Gobain, Master Builders Solutions, Imperial Brands PLC, 3M Company, HOLCIM, Henkel AG & Co. KGaA, Densified Inc., Cemex S.A.B. de C.V., Arkema S.A., AkzoNobel N.V., Wacker Chemie AG, RPM International Inc., Etex Group, Chembond Chemicals Limited, Bostik S.A., Ashland Global Specialty Chemicals Inc., MBCC Group, W. R. Grace and Company, Sika AG, Pidilite Industries Limited, CICO Group, Fosroc International Limited, Mapei S.p.A., ACC Limited, Cera-Chem Pvt. Ltd., Flowcrete Group Ltd., SWC Brother Company Limited.

Asia-Pacific was the largest region in the construction chemicals market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the construction chemicals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Construction chemicals encompass several key types such as concrete admixtures, waterproofing and roofing materials, repair products, flooring solutions, sealants and adhesives, and additional variants. Concrete admixtures, for instance, are additives incorporated during concrete mixing to improve various properties such as workability, durability, and strength of the fresh or hardened concrete. These chemicals find applications across a range of sectors including commercial, industrial, infrastructure, residential, and public spaces within the construction industry.

The construction chemicals market research report is one of a series of new reports that provides construction chemicals market statistics, including construction chemicals industry global market size, regional shares, competitors with a construction chemicals market share, detailed construction chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the construction chemicals industry. This construction chemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The construction chemicals market consists of sales of water repellants and concrete curing compound. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.


The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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