The Construction Chemicals Market size is projected to reach US$ 88.2 billion by 2031 from US$ 53.4 billion in 2023. The market is expected to register a CAGR of 5.8% in 2023–2031. The rising demand for green buildings is likely to remain a key Construction Chemicals Market trend.

Construction Chemicals Market Analysis

The construction chemicals enhance the workability, functionality, performance, durability, and chemical resistance of the construction materials. The construction industry across the globe is rapidly growing. Further, European countries are creating and strengthening their infrastructure by enacting reforms and legislation, which drives the growth of the real estate sector. In North America, the construction industry is one of the major contributors to the region's economy. As per Associated General Contractors of America (AGC), the US construction industry constructs structures worth US$ 1.8 trillion each year. As per data published by India Brand Equity Foundation, India is planning, to spend US$ 1.4 trillion on infrastructure projects, to ensure sustainable development in the country. Hence, the strong growth of the construction industry in developing countries is driving the construction chemicals market.

Construction Chemicals Market Overview

Construction chemicals are chemical formulations utilized with masonry materials, cement, concrete and other construction materials during the time of construction to hold the materials together.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Get 10% FREE CUSTOMIZATION

Construction Chemicals Market: Strategic Insights

Construction Chemicals Market

• 
  CAGR (2023 - 2031)

  5.8%
• Market Size 2023
  US$ 53.4 Billion
• Market Size 2031
  US$ 88.2 Billion

Market Dynamics

GROWTH DRIVERS

• XXXXXXX
• XXXXXXX
• XXXXXXX

FUTURE TRENDS

• XXXXXXX
• XXXXXXX
• XXXXXXX

OPPORTUNITIES

• XXXXXXX
• XXXXXXX
• XXXXXXX

Key Players

• Ashland Global Holdings Inc.
• BASF Se
• Mapei S.P.A.
• Linde Plc
• Sika Ag
• Fosroc, Inc
• Compagnie De Saint-Gobain S.A
• Pidilite Industries Limited
• Choksey Chemicals Pvt Ltd
• Rpm International Inc.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Product

• Concrete Admixtures
• Asphalt Additives
• Waterproofing Chemicals
• Adhesives and Sealants
• Flame Retardants

Application

• Residential
• Commercial
• Industrial
• Institutional
• Infrastructure

Download Free Sample

   Buy Now   

• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Construction Chemicals Market Drivers and Opportunities

Government Support for the Development of Residential Construction

Construction chemicals play a vital role in the residential sector. The governments and regulatory authorities in the Asia Pacific are focusing on infrastructure investment. In India, growing industrialization, increasing population, growing middle-class income, and increasing infrastructure development is responsible for the growth in construction activities. As per the data published by the National Investment Promotion & Facilitation Agency (India), the Indian construction industry is projected to reach US$ 1.4 trillion by 2025. Moreover, the Government of India initiatives such as Housing for All, Smart Cities Mission, and Swachh Bharat Abhiyan are projected to boost the demand for building materials in India.

Development and Adoption of Ready-Mix Concrete

Ready-mix concrete (RMC) is concrete manufactured in a batch plant, as per specific job requirements, then delivered to the job site. Ready-mix concrete is beneficial where a small amount of concrete or intermittent placing of concrete is required. The advantages of ready-mix concrete makes it a more preferable and efficient alternative to site-mix concrete. Therefore, the development and adoption of ready-mix concrete offers lucrative opportunities for the construction chemicals market growth.

Construction Chemicals Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Construction Chemicals Market analysis are product, mode of application, and crop type.

• Based on product, the Construction Chemicals Market is divided into concrete admixtures, asphalt additives, waterproofing chemicals, adhesives and sealants, flame retardants, and others. The concrete admixtures segment held a larger market share in 2023.
• By application, the market is segregated into residential, commercial, industrial, institutional, and infrastructure. The residential segment held the largest share of the market in 2023.

Construction Chemicals Market Share Analysis by Geography

The geographic scope of the Construction Chemicals Market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America.

Asia Pacific has dominated the Construction Chemicals Market. The Asia Pacific is one of the leading markets for construction chemicals owing to the upsurge in construction activities. China and India are witnessing growth in urbanization, an increase in residential sector, which offer ample opportunities for key market players in the construction chemical market. Also, Asia Pacific is anticipated to grow with the highest CAGR in the coming years.

Construction Chemicals Market Report Scope

Download Free Sample

   Buy Now   

• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Construction Chemicals Market News and Recent Developments

The Construction Chemicals Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

• Sika has opened a new plant in Santa Cruz de la Sierra, for doubling its production capacity for mortar and concrete admixtures in Bolivia. The new facility in one of the country’s main industrial agglomerations, Sika is positioning itself for continued growth in the dynamic Bolivian construction market. (Source: Sika AG, Press Release, 2024)

Construction Chemicals Market Report Coverage and Deliverables

The “Construction Chemicals Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed Porter’s Five Forces and SWOT analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles