The global construction chemicals market was valued at $49.9 billion in 2022 and is projected to reach $88.1 billion by 2032, growing at a CAGR of 6% from 2023 to 2032.
Construction chemicals can be defined as chemical formulations used with cement, concrete, or other construction materials at the time of construction to hold the construction material together. Construction chemicals have become one of the significant parts of the chemical industry, playing a vital role in infrastructure development. Cement is widely used as a binding material in construction. Cement is mixed with crushed rock, sand, and water in specific proportions to prepare concrete. Concrete admixtures are chemicals added to concrete during the mixing process to modify the properties of the concrete. Admixtures can improve the workability, strength, durability, and other characteristics of concrete. Concrete admixtures speed up the setting and hardening of concrete, which can be useful in cold weather conditions or when rapid strength gain is required. These admixtures slow down the setting and hardening of concrete, which can be useful in hot weather conditions or when more time is needed for placement and finishing.
Admixtures are used during the first stage of construction. Ligno-based, SNF (Sulfonated Naphthalene Formaldehyde) & SMF (Sulfonated Melamine Formaldehyde)-based and PCE-based are the three types of admixtures mostly prevalent in the market. Ligno-based admixtures were the first-generation admixtures with lower performance as compared to SNF & SMF- and PCE-based admixtures. PCE-based admixtures are third-generation admixtures and are usually 3-4 times more expensive than SNF & SMF-/Ligno-based admixtures. The Asia-Pacific region has the highest consumption rate for admixtures owing to the huge number of infrastructure projects undertaken. Concrete admixtures provide benefits such as strength, durability, finishing, and workability to concrete, this factor will fuel the growth opportunities of the market.
Moreover, waterproofing and roofing construction chemicals are specialized chemicals used in the construction industry to prevent water infiltration and to protect roofs from environmental factors. Waterproofing and roofing caters to various end-use applications with products based on Bitumen, PU, and polymers such as SBR and acrylic. These compounds are available in liquid, solid, slurry, and two-component coating forms. These compounds or membranes can be extremely effective when applied on the exterior of a foundation system. The application of water proofing compounds is done by implant treatments, which includes either dipping or by low-pressure spraying on the surface. Bitumen is a waterproofing material commonly used in roofing applications. It is a sticky, black, and tar-like substance that can be applied to a variety of surfaces to create a waterproof barrier.
The construction chemical market is segmented on the basis of type, application and region. By type, the market is categorized into concrete admixtures, water proofing & roofing, repair and rehabilitation, industrial flooring, sealants & adhesives, cement grinding aids and others. By application, the market is fragmented into residential, industrial/commercial, infrastructure, and repair. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the industry include 3M, MAPEI S.p.A., Fosroc, Inc., Sika AG, Evonik, Chembond Chemicals Limited, ACC Limited, Flowcrete Group Ltd., SWC Brother Company Limited, and Cera-Chem Pvt. Ltd. These players have adopted product launch as their key strategy to increase their market shares.
The COVID-19 outbreak led to a shift toward more eco-friendly construction chemicals. The pandemic highlighted the importance of sustainability, and there is a surge in demand for chemicals that are less harmful to the environment and human health.
However, as the world recovers from the pandemic and construction activities resume, the demand for construction chemicals is expected to rebound. In addition, the pandemic has highlighted the need for greater sustainability in the construction industry, which could lead to opportunities for manufacturers of eco-friendly chemicals.
Construction chemicals can be defined as chemical formulations used with cement, concrete, or other construction materials at the time of construction to hold the construction material together. Construction chemicals have become one of the significant parts of the chemical industry, playing a vital role in infrastructure development. Cement is widely used as a binding material in construction. Cement is mixed with crushed rock, sand, and water in specific proportions to prepare concrete. Concrete admixtures are chemicals added to concrete during the mixing process to modify the properties of the concrete. Admixtures can improve the workability, strength, durability, and other characteristics of concrete. Concrete admixtures speed up the setting and hardening of concrete, which can be useful in cold weather conditions or when rapid strength gain is required. These admixtures slow down the setting and hardening of concrete, which can be useful in hot weather conditions or when more time is needed for placement and finishing.
Admixtures are used during the first stage of construction. Ligno-based, SNF (Sulfonated Naphthalene Formaldehyde) & SMF (Sulfonated Melamine Formaldehyde)-based and PCE-based are the three types of admixtures mostly prevalent in the market. Ligno-based admixtures were the first-generation admixtures with lower performance as compared to SNF & SMF- and PCE-based admixtures. PCE-based admixtures are third-generation admixtures and are usually 3-4 times more expensive than SNF & SMF-/Ligno-based admixtures. The Asia-Pacific region has the highest consumption rate for admixtures owing to the huge number of infrastructure projects undertaken. Concrete admixtures provide benefits such as strength, durability, finishing, and workability to concrete, this factor will fuel the growth opportunities of the market.
Moreover, waterproofing and roofing construction chemicals are specialized chemicals used in the construction industry to prevent water infiltration and to protect roofs from environmental factors. Waterproofing and roofing caters to various end-use applications with products based on Bitumen, PU, and polymers such as SBR and acrylic. These compounds are available in liquid, solid, slurry, and two-component coating forms. These compounds or membranes can be extremely effective when applied on the exterior of a foundation system. The application of water proofing compounds is done by implant treatments, which includes either dipping or by low-pressure spraying on the surface. Bitumen is a waterproofing material commonly used in roofing applications. It is a sticky, black, and tar-like substance that can be applied to a variety of surfaces to create a waterproof barrier.
The construction chemical market is segmented on the basis of type, application and region. By type, the market is categorized into concrete admixtures, water proofing & roofing, repair and rehabilitation, industrial flooring, sealants & adhesives, cement grinding aids and others. By application, the market is fragmented into residential, industrial/commercial, infrastructure, and repair. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the industry include 3M, MAPEI S.p.A., Fosroc, Inc., Sika AG, Evonik, Chembond Chemicals Limited, ACC Limited, Flowcrete Group Ltd., SWC Brother Company Limited, and Cera-Chem Pvt. Ltd. These players have adopted product launch as their key strategy to increase their market shares.
IMPACT OF COVID-19 ON THE GLOBAL CONSTRUCTION CHEMICAL MARKET
The pandemic caused delays in construction projects due to lockdowns, social distancing measures, and labor shortages. This resulted in a decrease in demand for construction chemicals.The COVID-19 outbreak led to a shift toward more eco-friendly construction chemicals. The pandemic highlighted the importance of sustainability, and there is a surge in demand for chemicals that are less harmful to the environment and human health.
However, as the world recovers from the pandemic and construction activities resume, the demand for construction chemicals is expected to rebound. In addition, the pandemic has highlighted the need for greater sustainability in the construction industry, which could lead to opportunities for manufacturers of eco-friendly chemicals.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the construction chemicals market analysis from 2022 to 2032 to identify the prevailing construction chemicals market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the construction chemicals market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global construction chemicals market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Sealants and Adhesives
- Cement Grinding Aids
- Others
- Concrete Admixtures
- Water Proofing and Roofing
- Repair and Rehabilitation
- Industrial Flooring
- Residential
- Industrial/Commercial
- Infrastructure
- Repair
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- 3M
- ACC Limited
- Cera-Chem Pvt. Ltd.
- Chembond Chemicals Limited
- Evonik
- Flowcrete Group Ltd.
- Fosroc, Inc.
- MAPEI S.p.A.
- Sika AG
- SWC Brother Company Limited
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CONSTRUCTION CHEMICALS MARKET, BY TYPE
CHAPTER 5: CONSTRUCTION CHEMICALS MARKET, BY END-USE INDUSTRY
CHAPTER 6: CONSTRUCTION CHEMICALS MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- 3M
- ACC Limited
- Cera-Chem Pvt. Ltd.
- Chembond Chemicals Limited
- Evonik
- Flowcrete Group Ltd.
- Fosroc, Inc.
- MAPEI S.p.A.
- Sika AG
- SWC Brother Company Limited
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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