The Construction Chemicals Market was worth USD 41.94 billion in 2022 and is expected to grow to USD 72.06 billion by 2030, with a CAGR of 7.0% in the forecast period.
The volume of concrete consumed and construction development activities in a specific place impact the demand for construction chemicals. Slow growth is forecast in Europe and North America due to stable economic conditions and rising demand for residential units and infrastructure building activities; however, promising growth is expected in developing parts of the world in the construction chemicals industry. Concrete admixture is becoming increasingly popular. Manufacturers have begun to act in response to this desire. It would be the primary choice for new entrants due to population increase and urbanisation, which encourages the demand for sustainable infrastructure and environmentally friendly products. Concrete admixtures and other chemical products can also help to reduce the amount of cement and water required during construction.
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KEY DRIVERS:
Increasing investment for infrastructure development and residential construction activities across the globe.
The increase in urbanization and rapid population growth
Restraints:
The Lack of skills
Highly trained labor
Opportunities:
Governments across the developing countries are significantly investing in infrastructure development
Challenges:
Poor quality and strength
The COVID outbreak slowed the market's expansion. Construction work in the production facility was halted in order to reduce the infection rate. The industry suffered financial losses as well as workforce shortages. There was a shift in consumer behavior as well as market developments. The building chemicals sector was severely impacted by the slowdown in expansion.
Construction operations have been prohibited due to the state government's nationwide lockout and shutdown. Anyone caught breaking the regulations received harsh punishment.
Concrete admixtures, roofing and waterproofing, repairs, flooring, adhesives, and sealants are among the types of construction chemicals available globally. Concrete admixtures dominated the market and accounted for a significant portion. Admixtures are helpful during the construction process. Admixtures such as SNF, PCE, and SMF are becoming more prevalent in the market. Residential, industrial, commercial, and repair, as well as infrastructure, are the several types of end-users. New chemicals beneficial for building and construction were discovered thanks to technological advancements. Technology played a significant part in ensuring the material's long-term viability. It has also opened up the possibility of identifying multifunctional materials with a short lifecycle that can be used effectively. In the future years, garbage recycling and waste reduction measures will be promoted. The development of structures required less energy to function, according to new construction chemicals industry trends. Because of technological advancements, products were designed to provide strong weather protection, enhanced the efficiency of construction buildings, raised the wellness of construction buildings, extended the longevity of structures, and required little maintenance.
By Type
Concrete admixtures
Waterproofing & roofing
Repair
Flooring
Sealants & adhesives
Others
By Application
Residential
Industrial
Infrastructure
Repair structures
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Asia-Pacific is expected to be the most dominant and fastest-growing region where the demand for construction chemicals is very large. Asia-Pacific region comprises the regions of China, India, some areas of Japanese land, and South-Korean regions. North America and the European region also hold a large market share but are expected to grow at a low CAGR after the Asia-Pacific and China region. China is marked to cover the largest market share regionally as well as globally. The estimated market growth in the Chinese region is said to be the second largest after Asia-Pacific.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Key Players are BASF SE, Pidilite Industries Ltd, Apple Chemie India Pvt Ltd, Cross International Plc, Dow, R. Grace and Company, Evonik Industries AG, Huntsman International LLC, Ashland Inc., RPM International Inc., Henkel AG, Tata Chemicals, Sika AG, Fosroc Inc. & Other Players.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 41.94 Billion |
| Market Size by 2030 | US$ 72.06 Billion |
| CAGR | CAGR of 7.0% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Concrete admixtures, Waterproofing & roofing, Repair, Flooring, Sealants & adhesives, Others ) • By Application (Residential, Industrial, Infrastructure, Repair structures) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | BASF SE of Germany, Pidilite Industries Ltd of India, Apple Chemie India Pvt Ltd of India, Cross International Plc of United Kingdom, Dow of the United States, R. Grace and Company of the United States, Evonik Industries AG of Germany, Huntsman International LLC of the United States, Ashland Inc. of the United States, RPM International Inc. of the United States, Henkel AG of Germany, Tata Chemicals of India, Sika AG of Switzerland, Fosroc Inc. of India, |
| DRIVERS | • Increasing investment for infrastructure development and residential construction activities across the globe. • The increase in urbanization and rapid population growth |
| RESTRAINTS | • The Lack of skills. • Highly trained labor. |
Ans: Poor quality and strength are a major challenges faced by Global Construction Chemicals Market.
Ans: BASF SE of Germany, Pidilite Industries Ltd of India, Apple Chemie India Pvt Ltd of India, Cross International Plc of United Kingdom, Dow of the United States, R. Grace and Company of the United States,Evonik Industries AG of Germany, Huntsman International LLC of the United States, Ashland Inc. of the United States, RPM International Inc. of the United States, Henkel AG of Germany, Tata Chemicals of India, Sika AG of Switzerland, Fosroc Inc. of India, are the key players for the Global Waterproofing Membranes Market
Ans: Residential, Industrial, Infrastructure, Repair structures are the sub-segments of by Application
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: The global construction chemicals market was worth USD 39.20 billion in 2021 and is expected to grow to USD 62.94 billion by 2028
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Construction Chemicals Market segment, By Type
8.1 Concrete admixtures
8.2 Waterproofing & roofing
8.3 Repair
8.4 Flooring
8.5 Sealants & adhesives
8.6 Others
9. Global Construction Chemicals Market segment, By Application
9.1 Residential
9.2 Industrial
9.3 Infrastructure
9.4 Repair structures
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company Profiles
11.1 BASF SE of Germany
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Ashland Inc. of the United States
11.3 Pidilite Industries Ltd of India
11.4 Sika AG of Switzerland
11.5 Fosroc Inc. of India
11.6 Apple Chemie India Pvt Ltd of India
11.7 Cross International Plc of United Kingdom
11.8 Dow of the United States
11.9 RPM International Inc. of the United States
11.10 R. Grace and Company of the United States
11.11 Henkel AG of Germany
11.11 Evonik Industries AG of Germany
11.13 Tata Chemicals of India
11.11 Huntsman International LLC of the United States
12. Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
13. Conclusion
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