Construction Chemicals Market Size, Share and Growth by 2028

report image

Construction Chemicals Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Concrete Admixtures, Asphalt Additives, Waterproofing Chemicals, Adhesives and Sealants, Flame Retardants, and Others) and Application (Residential, Commercial, Industrial, Institutional, and Infrastructure)

Publication Month: Sep 2022 | Report Code: TIPRE00003947 | No. of Pages: 162 | Category: Chemicals and Materials | Status: Published

The construction chemicals market was valued US$ 50,952.86 million in 2022, it is estimated to grow at a CAGR of 5.8% from 2022 to 2028.

Construction chemicals are chemical formulations used with cement, concrete, and other construction materials at the time of construction to hold the construction materials together. Chemical products, such as concrete admixtures, help in minimizing the quantities of cement and water generally required during construction.

In 2021, Asia Pacific dominated the global construction chemicals market. The growing construction industry across the region is driving the market growth. In Australia, the increasing residential construction is propelling the demand for construction materials. Along with this, the rising infrastructure developments in countries, including India, China, and Indonesia, fuel the demand for construction chemicals in the region. The national 2021 budget of India allocated US$ 6,257.67 million (Rs 50,000 crore) to the Ministry of Housing and Urban Development (MoHUA), as well as the creation of a US$ 3.5 billion (about Rs 25,300 crore) fund to support the completion of stalled housing projects. All these factors are driving the construction chemicals market in Asia Pacific. Under China’s 14th Five-Year Plan, the Ministry of Housing and Urban-Rural Development (MOHURD) issued a notice for the Implementation of Urban Renewal Actions in 2020. While China’s urbanization rate reached 60.6% in 2019, the urban renewal policy aims to develop greener and efficient cities as the government seeks to improve the quality of China’s urban living conditions.

Strategic Insights

Report Coverage - Construction Chemicals Market
Report CoverageDetails
Market Size Value inUS$ 50,952.86 Million in 2022
Market Size Value byUS$ 71,449.75 Million by 2028
Growth rateCAGR of 5.8% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
No. of Pages162
No. of Tables58
No. of Charts & Figures72
Historical data availableYes
Segments coveredProduct, and Application
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

Construction Chemicals Market Forecast, by Region, 2021–2028

Construction Chemicals Market Forecast, by Region, 2021–2028

Get more information on this report :

Market Insights

Growing Demand for Green Buildings

In recent years, there has been a growing demand for the development of sustainable and green buildings. According to the Indian Green Building Council (IGBC), the energy savings from green buildings could range from 20 to 30% and water savings from 30 to 50%. Construction chemicals are widely used as bonding agents, tile adhesives, expansion and crack joint filters, and plasticizers. They improve the overall quality and durability of the buildings, as well as provide protection against environmental hazards. Thus, the growing development of green buildings across the world is driving the demand for construction chemicals.

Product Insights

Based on product, the construction chemicals market is segmented into concrete admixtures, asphalt additives, waterproofing chemicals, adhesives and sealants, flame retardants, and others. The concrete admixtures segment held the largest market share in 2021, and the market for this segment is expected to grow at the fastest pace during the forecast period. Dry ice blocks are being increasingly used for commercial, transportation, and industrial applications.

Construction Chemicals Market Share, by Product, 2021–2028

Construction Chemicals Market Share, by Product, 2021–2028

Get more information on this report :

Ashland; BASF SE; Choksey Chemicals; Dow; Fosroc, Inc.; MAPEI; Pidilite Industries Ltd.; RPM International Inc.; Saint-Gobain; and Sika AG are a few key players operating in the construction chemicals market. The major players adopt various strategies, such as mergers and acquisitions and product launches, to expand their geographic presence and consumer base.  

Report Spotlights

  • Progressive trends in the construction chemicals industry to help players develop effective long-term strategies
  • Business growth strategies adopted by companies to secure growth in developed and developing markets
  • Quantitative analysis of the global construction chemicals market from 2020 to 2028
  • Estimation of the demand for construction chemicals across various industries
  • Porter’s analysis to illustrate the efficacy of buyers and suppliers in the construction chemicals industry
  • Recent developments to understand the competitive market scenario and the demand for construction chemicals  
  • Market trends and outlook, and factors governing the growth of the market, including drivers and restraints
  • Understanding about the strategies that underpin commercial interest into the global construction chemicals market growth, aiding in the decision-making process
  • Dry ice market size at various nodes of market
  • Detailed overview and segmentation of the construction chemicals market and its industry dynamics
  • The construction chemicals market size in various regions with promising growth opportunities

The "Construction Chemicals Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the construction chemicals market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The construction chemicals market is segmented on the basis of product, application, and geography. Based on product, the market is segmented into concrete admixtures, asphalt additives, waterproofing chemicals, adhesives and sealants, flame retardants, and others. By application, the market is segmented into residential, commercial, industrial, institutional, and infrastructure. Based on geography, the construction chemicals market is primarily segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America.

Company Profiles

  • Ashland
  • BASF SE
  • Choksey Chemicals
  • Dow
  • Fosroc, Inc.
  • MAPEI
  • Pidilite Industries Ltd.
  • RPM International Inc.
  • Saint-Gobain
  • Sika AG

Frequently Asked Questions

The major players operating in the global construction chemicals market are Ashland Global Holdings Inc.; BASF SE; MAPEI S.p.A.; Sika AG; Fosroc, Inc.; Compagnie de Saint-Gobain S.A.; Pidilite Industries Limited; Choksey Chemicals Pvt Ltd; RPM International Inc.; and Dow Chemicals Company.
In 2021, Asia Pacific accounted for the largest share in the global construction chemicals market. The growing number of construction chemicals used in many residential and non-residential sectors is anticipated to increase the construction chemicals demand in the Asia Pacific region.
Based on product, the global construction chemicals market is segmented into concrete admixtures, asphalt additives, waterproofing chemicals, adhesives and sealants, flame retardants, and others. In 2021, the concrete admixtures segment accounted for the largest revenue share. These concrete admixtures are necessary to improve concrete quality, controllability, faster or slower setting times and other modified properties to achieve specific building results.
Based on product, the global construction chemicals market is segmented into concrete admixtures, asphalt additives, waterproofing chemicals, adhesives and sealants, flame retardants, and others. The concrete admixtures segment is expected to account for the highest growth rate over forecast period. Concrete admixtures are soluble in water and are mixed in small quantities to concrete mixtures for altering certain properties. They help in minimizing the construction projects costs and alters the characteristics of hardened concrete.
Based on application, the global construction chemicals market is segmented into residential, commercial, industrial, institutional, and infrastructure. In 2021, the residential segment accounted for the largest revenue share and is expected to account for the highest growth rate over forecast period. Construction chemicals are mainly used for speeding up the work in residential construction projects. In addition, younger generation is easily attracted toward the newly designed houses, and this has also increased the rate of residential construction.
Government support for the development of residential construction sector is expected to drive the demand for construction chemicals market. Various construction chemicals play a vital role in residential construction projects. Various government bodies across different countries are supporting for the development of the residential construction sector.

The List of Companies - Construction Chemicals Market

  1. Ashland Global Holdings Inc.
  2. BASF SE
  3. MAPEI S.p.A.
  4. Sika AG
  5. Fosroc, Inc.
  6. Compagnie de Saint-Gobain S.A.
  7. Pidilite Industries Limited
  8. Choksey Chemicals Pvt Ltd
  9. RPM International Inc.
  10. Dow Chemicals Company            
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global construction chemicals market, thereby allowing players to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to application.
TIPRE00003947
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Get the Latest COVID-19 Analysis on this market




christmas_festive_offer

Have a Question?

Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Speak to Analyst
Pricing
  • $3000 $2700
  • $4550 $4095
  • $6550 $5568
  • $8550 $6840

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis.

    Inquire for Discount