Global Construction Chemicals Market By Product Type, By Application, By End Use, By Region & Segmental Insights Trends and Forecast, 2024 – 2034
- Industry: Chemicals & Materials
- Report ID: TNR-110-1308
- Number of Pages: 420
- Table/Charts : Yes
- September, 2024
- Base Year : 2024
- No. of Companies : 10+
- No. of Countries : 29
- Views : 10110
- Covid Impact Covered: Yes
- War Impact Covered: Yes
- Formats : PDF, Excel, PPT
Construction chemicals are specialized products used to enhance the quality, durability, and sustainability of construction projects. They include concrete admixtures, waterproofing agents, adhesives, sealants, and protective coatings. These chemicals are vital for improving the performance of structures by increasing strength, reducing water permeability, and offering resistance to environmental elements.
The global construction chemicals market has seen significant growth in recent years, driven by urbanization and infrastructure development. For instance, the 2023 construction boom in India saw a rise in demand for concrete admixtures to improve the strength and workability of concrete in high-rise buildings. Construction chemicals are essential for ensuring structural integrity, reducing maintenance costs, and increasing the lifespan of buildings and infrastructure, making them indispensable in the modern construction industry. In terms of revenue, the global construction chemicals market was worth US$ 24.8 Bn in 2023, anticipated to witness a CAGR of 8.4% during 2024 – 2034.
Infrastructure Construction Growth in Different Countries:
Infrastructure construction is experiencing significant growth in various countries, driven by strategic investments and development plans. In the United States, the $1.2 trillion Infrastructure Investment and Jobs Act of 2021 has spurred projects such as the expansion of highways and modernization of public transit systems. China continues to lead with its Belt and Road Initiative, investing in extensive infrastructure projects like high-speed rail networks and bridges, boosting construction chemicals demand. Similarly, India’s 2023 National Infrastructure Pipeline emphasizes urban development and smart cities, leading to increased use of advanced construction materials. These investments highlight the global trend toward modernizing and expanding infrastructure to support economic growth.
Global Construction Chemicals Market Segmental Analysis:
Global Construction Chemicals Market By Product Type
Adhesives & sealants are expected to be the fastest-growing segment in the global construction chemicals market, accounting for an 18.7% revenue share in 2023. Their popularity stems from their versatile use in bonding and sealing materials, ensuring structural integrity and resistance to environmental factors. For example, in 2023, the Middle East’s booming construction sector saw an increased demand for polyurethane sealants due to their high performance in extreme weather conditions. The growing trend toward sustainable building practices also pushes the adoption of low-VOC adhesives, contributing to their rapid market growth across residential and commercial projects globally.
Global Construction Chemicals Market By Application
In 2023, the infrastructure segment led the global construction chemicals market, capturing a significant 39.5% revenue share. The segment’s dominance is driven by extensive investments in large-scale infrastructure projects such as highways, bridges, and tunnels, especially in emerging economies. For instance, China’s Belt and Road Initiative, which expanded in 2023, fueled the demand for concrete admixtures and waterproofing chemicals to ensure durable infrastructure. Additionally, many governments have prioritized sustainable development, leading to the increased use of advanced protective coatings in infrastructure to withstand harsh environmental conditions. This growth highlights the crucial role of construction chemicals in improving the lifespan and performance of infrastructure.
Construction Chemicals Market By End Use
New construction emerged as the dominant segment in the global construction chemicals market in 2023, capturing a significant revenue share of 67.5%. The surge in residential and commercial building projects, particularly in regions like Asia-Pacific, drove this growth. For example, India’s ambitious 2023 affordable housing initiatives accelerated the demand for construction chemicals such as concrete admixtures and waterproofing agents. The increasing focus on modern infrastructure and urban development worldwide also contributed to this trend. New construction requires high-quality chemicals to enhance the strength, durability, and environmental resistance of structures, making it a key growth driver in the construction chemicals industry.
Construction Chemicals Market By Region
Latin America is projected to be the fastest-growing region in the construction chemicals market during the forecast period, driven by rising infrastructure development and urbanization. Countries like Brazil and Mexico are investing heavily in large-scale infrastructure projects to support economic growth. For instance, Brazil’s 2023 investment in its National Infrastructure Plan, which includes road and airport expansion, has increased the demand for concrete admixtures and sealants. Additionally, the region’s focus on sustainable construction practices is boosting the adoption of eco-friendly construction chemicals. Latin America’s growing emphasis on improving its urban infrastructure is set to fuel the demand for construction chemicals in the coming years.
Global Construction Chemicals Market Dynamics
Growth Drivers-
- Growing Infrastructure Projects: Rising infrastructure investments globally, especially in emerging economies like India and China, drive the demand for construction chemicals. For example, India’s 2024 Smart Cities Mission has accelerated the use of advanced concrete admixtures for durable structures.
- Sustainability Initiatives: Increasing emphasis on eco-friendly construction practices boosts the demand for sustainable construction chemicals. In 2023, Europe’s focus on green buildings and energy-efficient materials significantly propelled the market for low-VOC adhesives and protective coatings.
Restraints-
- Fluctuating Raw Material Prices: The volatility in raw material costs, particularly petrochemical-based inputs, hinders the construction chemicals market’s growth. For example, the 2023 spike in crude oil prices increased the production costs of key materials like sealants and coatings.
- Strict Environmental Regulations: Regulatory frameworks on volatile organic compounds (VOCs) limit the use of certain chemicals. In 2024, European Union’s tightening regulations on VOC emissions posed challenges for manufacturers to develop compliant products without compromising performance.
Competitive Landscape
The competitive landscape of the global construction chemicals market is characterized by innovation and strategic efforts by leading manufacturers. Companies are focusing on developing advanced products to meet evolving market demands. They are investing in research and development to introduce eco-friendly, high-performance chemicals that cater to sustainable construction practices.
Company | Innovation | Details |
BASF SE | Sustainable Concrete Admixtures | Launched in 2023, these admixtures reduce carbon footprint and enhance concrete durability. |
Sika AG | Self-Healing Concrete Solutions | Introduced in 2024, these solutions use bacteria to self-repair cracks, extending infrastructure lifespan. |
Mapei Corporation | Low-VOC Adhesives and Sealants | Developed in 2023, these products align with global regulations on volatile organic compounds. |
GCP Applied Technologies | High-Performance Waterproofing Membranes | Launched in 2023, these membranes offer superior water resistance and ease of application. |
Some of the players operating in the construction chemicals market are
- 3M Company
- Arkema Group
- BASF SE
- Bostik SA
- CHRYSO SAS
- Cormix International Limited
- Dow Chemical Company
- Fosroc International Limited
- GCP Applied Technologies Inc.
- Henkel AG & Co. KGaA
- Huntsman Corporation
- KÖSTER BAUCHEMIE AG
- LafargeHolcim Ltd
- MAPEI Corporation
- Pidilite Industries Limited
- RPM International Inc.
- Saint-Gobain
- Sika AG
- R. Grace & Co.
- Other Industry Participants
Global Construction Chemicals Market Scope:
Report Specifications | Details |
Market Revenue in 2023 | US$ 24.8 Bn |
Market Size Forecast by 2034 | US$ 60.3 Bn |
Growth Rate (CAGR) | 8.4% |
Historic Data | 2016 – 2022 |
Base Year for Estimation | 2023 |
Forecast Period | 2024 – 2034 |
Report Inclusions | Market Size & Estimates, Market Dynamics, Competitive Scenario, Trends, Growth Factors, Market Determinants, Key Investment Segmentation, Product/Service/Solutions Benchmarking |
Segments Covered | By Product Type, By Application, By End Use, By Region |
Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
Countries Covered | U.S., Canada, Mexico, Rest of North America, France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific, Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa, Brazil, Argentina, Rest of Latin America |
Key Players | 3M Company, Arkema Group, BASF SE, Bostik SA, CHRYSO SAS, Cormix International Limited, Dow Chemical Company, Fosroc International Limited, GCP Applied Technologies, GCP Applied Technologies Inc., Henkel AG & Co. KGaA, Huntsman Corporation, KÖSTER BAUCHEMIE AG, LafargeHolcim Ltd, MAPEI Corporation, Pidilite Industries Limited, RPM International Inc., Saint-Gobain, Sika AG, W. R. Grace & Co. |
Customization Scope | Customization allows for the inclusion/modification of content pertaining to geographical regions, countries, and specific market segments. |
Pricing & Procurement Options | Explore purchase options tailored to your specific research requirements |
Contact Details | Consult With Our Expert
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Global Construction Chemicals Market
By Product Type
- Concrete Admixture
- Waterproofing Chemicals
- Flooring Compounds
- Adhesives & Sealants
- Protective Coating
- Asphalt Additives
- Others
By Application
- Residential
- Commercial
- Industrial
- Infrastructure
By End Use
- New Construction
- Repair and Maintenance
By Region
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
Report Layout:
Table of Contents
Note: This ToC is tentative and can be changed according to the research study conducted during the course of report completion.
**Exclusive for Multi-User and Enterprise User.
Global Construction Chemicals Market
By Product Type
- Concrete Admixture
- Waterproofing Chemicals
- Flooring Compounds
- Adhesives & Sealants
- Protective Coating
- Asphalt Additives
- Others
By Application
- Residential
- Commercial
- Industrial
- Infrastructure
By End Use
- New Construction
- Repair and Maintenance
By Region
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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