Construction Chemicals Market Trends

Global Construction Chemicals Market Overview

The Construction Chemicals Market Size was valued at USD 32.1 Billion in 2023. the construction chemical industry is projected to grow from USD 34.8 Billion in 2024 to USD 66.34 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.40% during the forecast period (2024 - 2032). Construction chemicals are specialty chemical compounds that are used in construction activities. These chemicals are added to construction materials such as cement, concrete, coatings, and others, where they provide high strength and durability and increase the construction work and give additional protection from environmental hazards. Construction chemicals have major applications in enhancing the performance of concrete and also provide benefits to less usage of water and cement during construction activities.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Construction Chemicals Market Trends

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  Growing Awareness Regarding Green Construction Will Has a Significant Impact on Market Growth.

  
  

The growing awareness of environmental hazards caused by conventional buildings and changes in government policies globally are the key reasons for construction chemical adoption, especially for building activities. Some major players in the construction industry are focusing on underground structure protection with green and sustainable materials, polycarboxylate ether-based green admixtures, thermal insulation, overall building protection, cool roof treatment, and others, which will play a vital role in sustainability.  

Additionally, Chemicals used in the construction sector increase the overall cost, though it is more beneficial to the environment. Construction chemicals add more strength and corrosion resistance to the infrastructure, and they also bring down the cement and water volume used during the construction process. Moreover, the major purpose for the adoption of construction chemicals is that enhances the performance of buildings such as structural tapes, thermoset hot melts, and multi-purpose adhesives. The judicious use will change the global residential and non-residential market and will have a positive impact on the environment.

May 2023: Sika, a globally acclaimed construction chemicals industry player, purchased the MBCC Group, which contained waterproofing solutions, anchors, grouts, flooring resins, and repair and rehabilitation chemicals, among others, apart from its concrete admixture business activities in Europe, North America, Australia and New Zealand.

April 2023: Flowcrete, a subsidiary company of RPM International Inc., reported that one year has been added to the warranty period for all of its gooey flooring resins to make them durable for a further 12 months than the earlier stated storage dates without their damages or performance’s drop-in quality.

Construction Chemicals Market Segment Insights

Construction Chemicals Type Insights

The  Construction Chemicals Market segmentation, based on Type, includes concrete admixtures, flooring chemicals, waterproofing chemicals, repair & rehabilitation chemicals, and others. Cement is widely used as a binding material within construction, cement is added with crushed rock, water, and sand in precise quantities to produce concrete. Concrete admixtures are then added to improve the properties of the concrete. They provide benefits such as low cement water ratio, improved setting time, prevent settlement, reduce segregation, and Improve pump ability. The growing construction industry in China, India, the UK, and Germany is causing the high usage of concrete admixtures, which will cause the growth of the construction chemicals market. 

Construction Chemicals Application Insights

Based on Application, the Construction Chemicals Market segmentation includes residential and non-residential. Among these non-residential segment dominated due to growing infrastructure development. Demand for commercial buildings, bridges, roads, dams, and tunnels is further driving the market growth. Additionally, growing disposable economies along with a high population rate are causing a high demand for high-end and better-quality structures for public use, which is acting as a growth driver for global construction chemicals. 

Figure 2:  Construction Chemicals Market, by Application, 2023 & 2030 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Construction Chemicals Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The construction chemicals market size in North America stood at USD 9.8 billion in 2018. The market in this region is characterized by growing construction activities in the U.S. and Canada. Various initiatives taken by the governments to promote infrastructure activities along with the growing residential sector will largely facilitate the growth of the market in the region during the forecast period.

Figure 3:  CONSTRUCTION CHEMICALS MARKET SHARE BY REGION 2023 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

The Asia Pacific dominated the market due to the growing construction industry in India, China, South Korea, and Japan. The rapidly escalating population rate in China has made the country a major consumer of construction chemicals. Moreover, booming industrialization is also supporting the market growth of construction chemicals.

The construction chemical market in Europe is expected to be primarily driven by the residential segment which includes middle-class housing, elite housing, and low-cost housing. Increasing demand for penthouses, apartments, bungalows, and villas, with amenities and high-class designs, is expanding rapidly.

Construction Chemicals Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Construction Chemicals market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Construction Chemicals industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Construction Chemicals. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Construction Chemicals industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Construction Chemicals industry to benefit customers and expand the market sector. The Low-Profile Additives market has recently given medicine some of the most important advantages. Major Construction Chemicals market players, including BASF SE of Germany, Ashland Inc. of the United States, Pidilite Industries Ltd of India, Sika AG of Switzerland, and others, are attempting to increase market demand by funding R&D initiatives.

BASF is a company that provides petrochemicals, intermediates, performance materials, monomers, dispersions and pigments, performance chemicals, catalysts, coatings, and care chemicals. It conducts its operations through six business segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition and Care, and Agricultural Solutions.

Also, Ashland is a company that provides specialty chemical solutions. Its Specialty Ingredients segment offers solutions using natural, synthetic, and semisynthetic polymers derived from plant and seed extract, cellulose ethers, vinyl pyrrolidones, and acrylic polymers, as well as polyester and polyurethane-based adhesives. Its Composites segment manufactures and sells a range of unsaturated polyester and vinyl ester resins and gel coats.

Key Companies in the Construction Chemicals market include

• BASF SE of Germany


• Ashland Inc. of the United States


• Pidilite Industries Ltd of India


• Sika AG of Switzerland


• Fosroc Inc. of India


• Apple Chemie India Pvt Ltd of India


• Cross International Plc of United Kingdom


• Dow of the United States


• RPM International Inc. of the United States


• Grace and Company of the United States


• Henkel AG of Germany


• Evonik Industries AG of Germany


• Tata Chemicals of India


• Huntsman International LLC of the United States


• Other

Construction Chemicals Industry Developments

In June 2024, BASF SE launched a completely new series of concrete admixtures for durability enhancement and low carbon emissions. With the use of organic raw materials, this new age range responds to the societal need for construction methods that are environmentally friendly as well as contributing positively to global sustainability initiatives.

In April 2024, Sika AG announced it would be strengthening its portfolio in the construction chemicals market by acquiring a leading waterproofing supplier. With this move, Sika aims to grow its reach and lead the construction chemicals industry by providing innovative solutions to its customers.

In April 2024, MAPEI S.p.A. made an announcement that it will be launching Mapeflex MS 55 which is a hybrid adhesive and sealant featuring high elasticity. Suitable for both the professional and domestic environment, this product enjoys benefits such as initial solid tack, damp surface compatibility and low VOC emissions.

In February 2024, Dow Chemical Company, a leader in chemical production, unveiled a game-changing water-repellant technology specifically for the concrete sector. Such products help meet the increasing life demand for construction materials through soundness, firmness and moisture proofing. By doing this, the company makes its stand clear towards green practices as it also attempts to address some of the concerns affecting the sector like maintenance and efficiency.

In June 2023, Fosroc announced the formation of a partnership with Chemtech, a major player in the construction chemicals market. The partnership has enabled the production and spread into the market of Fosroc's construction chemicals.

Construction Chemicals Market Segmentation

Construction Chemicals Process Outlook

• French/ Indirect Process


• American / Direct Process


• Wet Process


• Others

Construction Chemicals Grade Outlook

• Standard


• Chemical


• Pharma


• Food


• Others

Construction Chemicals Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America