The global construction chemicals market size was USD 47,997 Million in 2020 and is projected to expand at a CAGR of 5.9% during the forecast period, 2021 – 2028. The growth of the market is attributed to the growing demand for construction chemicals across the globe.
Construction chemicals are used to speed up the process or improve the sustainability and strength of the structures. The addition of construction chemicals to various building materials during the construction work improves performance, workability, and protects the standard or customized elements of structure. It enables aesthetic civil structure, and makes construction structure more economical for contractors and other interest holders.
Construction chemicals are products that are crucial for sustainable infrastructure and energy conservation in the construction industry to enhance durability of buildings, and to provide added fortification from environmental hazards. New entrants are penetrating the market to cater to the rapid urbanization and growing demand for sustainable infrastructure and environmental friendly products.
Market Trends, Drivers, Restraints, and Opportunities:
- Increasing construction activities is expected to boost the construction chemical market growth.
- Growing awareness regarding green construction is anticipated to positively impact the growth of the market.
- Technological advancements in manufacturing of construction chemicals market is expected to boost the market growth.
- Government regulations regarding VOC emissions can hinder the growth of the construction chemicals market.
- Increasing research and development activities for new applications of construction chemicals can create lucrative opportunities for the growth of market during the forecast period.
Scope of the Report
The report on the global construction chemicals market research report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Construction Chemicals Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Product Types (Concrete Admixtures, Surface Treatments, Repair and Rehabilitation, Protective Coatings, Industrial Flooring, Water Proofing, Adhesives, Sealants, Grouts and Anchors, and Cement Grinding Aids), Applications (Commercial [Office Space, Retail, Education Institutes, Hospitals, Hotels, and Others], Industrial [Cement, Iron and Steel, Capital Goods, Automobile, Pharmaceutical, Paper, Petrochemical, Food and Beverages, and Others], Infrastructure [Roads and Bridges, Railways, Metros, Airports, Water, and Energy], Residential [Elite Housing, Middle-class Housing, and Low-cost Housing], and Public Spaces [Government Buildings And Statues Monuments])
North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Sika AG, Arkema, RPM International Inc., MAPEI, and Dow
Global Construction Chemicals Market Segment Insights
Concrete admixtures to accounts considerable market share
Based on product types, the market is divided into concrete admixtures, surface treatments, repair and rehabilitation, protective coatings, industrial flooring, water proofing, adhesives, sealants, grouts and anchors, and cement grinding aids. The concrete admixtures segment is expected to account for a considerable market share during the forecast period. Concrete admixtures are ingredients that are added to the concrete mixture before or during mixing. It reduces concrete costs by modifying the properties of hardened concrete and ensure better quality during mixing, transporting, placing, and curing. Admixture functions are categorized into several types, which include air-entraining, retarding, accelerating, plasticizing, and water reducing. The special category admixtures have various functions, including shrinkage reduction, corrosion inhibition, workability enhancement, alkali-silica reactivity reduction, bonding, coloring, and damp proofing.
Residential segment to accounts major market share
On the basis of applications, the global construction chemicals market is segmented into commercial, industrial, infrastructure, residential and public spaces. The commercial segment is further divided into office space, retail, education institutes, hospitals, hotels, and others. The industrial segment is sub-segmented into cement, iron and steel, capital goods, automobile, pharmaceutical, paper, petrochemical, food and beverages, and others. The infrastructure is segregated into roads and bridges, railways, metros, airports, water, and energy. The residential segment is classified as elite housing, middle-class housing, and low-cost housing. The public spaces segment is categorized as government buildings and statues monuments. The residential segment is anticipated to account for a major market share due to the growing urbanization, changing lifestyles, improving living standards, and rising demand for aesthetic construction activities.
Asia Pacific to dominate the market
In terms of regions, the market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market owing to growing economies in Asia Pacific. Growing urbanization is driving the growth of the market in the region. Construction developers initiate large number of residential projects with high-grade construction materials to provide improved structural integrity and sustainability.
Segments Covered in the Report
The global construction chemicals segment has been segmented on the basis of
- Concrete Admixture
- Surface Treatments
- Repair and Rehabilitation
- Protective Coatings
- Industrial Flooring
- Water Proofing
- Grouts and Anchors
- Cement Grinding Aids
- Office space
- Education institutes
- Iron and steel
- Capital goods
- Food and beverages
- Roads and bridges
- Elite housing
- Middle-class housing
- Low-cost housing
- Public Spaces
- Government buildings
- Statue monuments
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- Sika AG
- RPM International Inc.
Key players operating in the global construction chemicals market includes Sika AG, Arkema, RPM International Inc., MAPEI, and Dow.