Construction Chemicals Market Size, Growth, Industry Share 2028

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

Construction Chemicals Market Forecast, by Region, 2021–2028

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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

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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