The global construction chemicals market size is expected to reach USD 62.62 billion by 2030, expanding at a CAGR of 3.5% from 2024 to 2030. Rising urbanization, coupled with various infrastructural developments are boosting the market growth.
Construction chemicals are the chemical compounds used to modify the properties of the construction materials. These chemicals reduce the amount of water used in construction. They play a crucial role in improving the overall performance of a building and non-building structures. These chemicals can be categorized into different product segments including concrete admixtures, construction adhesives, construction sealants, protective coatings, and waterproofing chemicals.
The most important group of raw materials found in almost every construction chemical formulation are polymers. In many cases, the chemical producer, construction chemical manufacturer, and end-user work together on the formulation to get the desired product. Most of the key players in this market spend around 3% of their total expenditure on R&D activities every year. BASF SE, The Dow Chemical Company, Bayer Material Science, Wacker Chemie AG, and SABIC are some of the major raw material suppliers for these chemicals.
China is the largest regional market for construction chemicals. The building and construction industry in China has been growing at a rate of around 16.2% annually. The non-residential building is expected to be the largest construction market. Rapid urbanization is one of the major factors for the growth of the construction industry in China. In 2014, the Chinese government launched “New Style Urbanization Plan (2014-2020)” to build green cities, smart cities, and cultural cities. In addition, EU-China partnership and agreements for urban development have played an important role in the development of the construction sector in China.
Non-residential and infrastructure end-use segment is expected to have high penetration due to rapid urbanization in emerging economies. On the other hand, the residential segment is expected to witness the fastest growth rate of 6.6% during the forecast years, in terms of revenue. Construction chemicals are used in new buildings, as well as for repair and rehabilitation of the old buildings. They reduce the water and cement content in the concrete and impart chemical properties such as cross-linking, which results in increased strength of the mortar.
This product will be delivered within 1-3 business days.
Construction chemicals are the chemical compounds used to modify the properties of the construction materials. These chemicals reduce the amount of water used in construction. They play a crucial role in improving the overall performance of a building and non-building structures. These chemicals can be categorized into different product segments including concrete admixtures, construction adhesives, construction sealants, protective coatings, and waterproofing chemicals.
The most important group of raw materials found in almost every construction chemical formulation are polymers. In many cases, the chemical producer, construction chemical manufacturer, and end-user work together on the formulation to get the desired product. Most of the key players in this market spend around 3% of their total expenditure on R&D activities every year. BASF SE, The Dow Chemical Company, Bayer Material Science, Wacker Chemie AG, and SABIC are some of the major raw material suppliers for these chemicals.
China is the largest regional market for construction chemicals. The building and construction industry in China has been growing at a rate of around 16.2% annually. The non-residential building is expected to be the largest construction market. Rapid urbanization is one of the major factors for the growth of the construction industry in China. In 2014, the Chinese government launched “New Style Urbanization Plan (2014-2020)” to build green cities, smart cities, and cultural cities. In addition, EU-China partnership and agreements for urban development have played an important role in the development of the construction sector in China.
Non-residential and infrastructure end-use segment is expected to have high penetration due to rapid urbanization in emerging economies. On the other hand, the residential segment is expected to witness the fastest growth rate of 6.6% during the forecast years, in terms of revenue. Construction chemicals are used in new buildings, as well as for repair and rehabilitation of the old buildings. They reduce the water and cement content in the concrete and impart chemical properties such as cross-linking, which results in increased strength of the mortar.
Construction Chemicals Market Report Highlights
- The global market for construction chemicals is projected to expand at a CAGR of 3.5%% over the forecast period
- The residential segment is projected to grow at the fastest CAGR over the forecast period.
- Sluggish growth in the European construction sector due to rising utility expenditure is expected to limit the market development in the region
- Major companies in the market include JSW; Pidilite Industries Ltd.; MAPEI S.p.A..; Sika AG; Ashland; Dow Chemical Co.; 3M; Evonik Industries; and Thermax Limited.
The leading players in the Construction Chemicals market include:
- JSW
- MAPEI S.p.A.
- Sika AG
- Ashland
- 3M
- Arkema
- Evonik Industries
- Henkel AG & Co. KGaA
- Dow
- Thermax Limited.
- Saint-Gobain
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
This product will be delivered within 1-3 business days.
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Construction Chemicals Market Variables, Trends, & Scope
Chapter 4. Construction Chemicals Market: Product Estimates & Trend Analysis
Chapter 5. Construction Chemicals Market: Application Estimates & Trend Analysis
Chapter 6. Construction Chemicals Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Companies Mentioned
The leading players in the Construction Chemicals market include:- JSW
- MAPEI S.p.A.
- Sika AG
- Ashland
- 3M
- Arkema
- Evonik Industries
- Henkel AG & Co. KGaA
- Dow
- Thermax Limited.
- Saint-Gobain
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 49.29 Billion |
| Forecasted Market Value ( USD | $ 62.62 Billion |
| Compound Annual Growth Rate | 3.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
