Market Forecast By Types (Concrete Admixtures, Concrete Adhesives, Concrete Sealants, Protective Coating, Industrial Flooring, Waterproofing & Roofing, and Other Chemicals), By Applications (Residential, Industrial, Commercial and Infrastructure), By Regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa), By Key Countries and Competitive Landscape.
Product Code: ETC000821 | Publication Date: Sep 2019 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
Report Name | Construction Chemical Market |
Report Category / Coverage | Global |
CAGR | 8.6% |
Market Size | USD 80 Billion by 2030 |
Growing Sector | Residential |
Forecast Period | 2024-2030 |
Construction Chemical Market report thoroughly covers the by application, by type, and by region. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Construction Chemical Market has been experiencing significant growth over the past few years. As of 2024, the global market is valued at approximately $53 billion. Further, the Global Market is projected to expand at a CAGR of 8.6% from 2024 to 2030. Additionally, by 2030, the market size is expected to reach around $80 billion.
The construction chemical market is expanding rapidly, driven mostly by demand from sectors such as residential, industrial, commercial, and infrastructure. Key drivers include increased demand for efficient construction chemicals, as well as the incorporation of a wide range of goods into sophisticated systems such as Concrete Admixtures, Concrete Adhesives, Concrete Sealants, Protective Coating, Industrial Flooring, Waterproofing & Roofing, and Other Chemicals. Construction chemicals have a wide range of applications, which drives significant market growth. Collaboration with global construction chemical suppliers, combined with local innovation, promotes the production of diverse building chemicals. The market's emphasis on quality, sustainability, and usability demonstrates its commitment to better building chemicals.
According to 6Wresearch, the Construction Chemical Market revenue is expected to reach at a significant CAGR of 8.6% during the forecast period 2024-2030. Numerous factors impact the global market for construction chemicals. More and more customers are looking for environmentally safe and efficient construction chemical solutions. Building materials are growing in popularity because of their environmental benefits and long lifespan. In addition, more people are becoming aware of the advantages of strong building chemicals, like their longevity, efficiency, and reduced maintenance requirements. Construction chemicals' expanding market share is also a result of their adaptability to a wide range of applications and the importance of safety and environmental regulations in various industries. In summary, the convergence of long-term trends, customer preferences, product advantages, and industry standards is driving growth in the global construction chemical market.
However, there are obstacles in the way of the global construction chemical market's expansion. Changing prices for raw materials, strict environmental laws, and intricate supply chain management are some of these difficulties. These problems are made worse by the necessity for constant innovation and the quick changes in market trends. Market expansion may be greatly impacted by disruptions to the worldwide supply chain for building chemicals. Strong supply chain management, R&D investments, strategic partnerships, and flexible reactions to the complexity of the market are all necessary to meet these difficulties.
Siemens, ABB, and Schneider Electric are some of the leading players in the global construction chemical industry. These companies are known for their expertise in manufacturing high-quality construction chemicals for a wide array of applications. BASF SE, known for its sustainable and versatile chemical solutions, is a significant contributor to advancements in construction materials. Sika AG stands out with its focus on producing adhesives and sealants that enhance the durability and efficiency of building structures. RPM International Inc. is renowned for its high-performance coatings and construction materials that cater to a variety of industries. Additionally, Fosroc International, with its comprehensive range of construction chemicals, and Mapei S.p.A, noted for its innovative adhesives and mortars, are pivotal in shaping the industry's landscape.
The construction chemical sector depends on government regulations to maintain high standards of quality, environmental sustainability, and fair-trade practices. Laws have been passed by governments all over the world to safeguard consumers and encourage moral business conduct in a number of sectors of the construction chemical industry. Industry standards to ensure superior product quality, labelling guidelines to improve product transparency, and production procedures are a few examples of these restrictions. Concerns about the environment may also be lessened by government rules mandating sustainable methods in the production and handling of building chemicals. Following these rules is essential for businesses in the global construction chemical market to keep their good name and please clients.
The construction chemical market is predicted to expand rapidly in the next years, driven by factors such as digitization, infrastructure expansion, and growing usage of digital solutions. As the emphasis on enhancing construction efficiency grows, demand for construction chemicals is expected to rise in industries such as residential, industrial, commercial, and infrastructure. The utilisation of current construction chemical technology to improve process control, bridge communication gaps, and increase overall operational efficiency is projected to propel the sector forward. The incorporation of digital solutions such as Building Information Modelling (BIM) and the Internet of Things (IoT) into the construction process will accelerate market growth. As technology advances and areas like infrastructure development gain traction, the Global Construction Chemical Market is predicted to witness significant growth in the years to come.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ravi Bhandari, Research Head, 6wresearch, Concrete admixtures play a critical role in the construction chemical market, fundamentally altering the characteristics of concrete to meet specific project demands. These admixtures are added to the concrete mix to improve workability, enhance strength, increase durability, and modify setting times. Common types of concrete admixtures include accelerators, retarders, superplasticizers, and air-entraining agents. By utilizing these substances, construction professionals can address various challenges such as adverse weather conditions, specific structural requirements, or the need for rapid construction.
The residential sector in the construction chemical market is experiencing significant growth due to the increasing demand for innovative building solutions. As urbanization and population growth continue to drive new housing projects, the need for advanced construction chemicals such as sealants, adhesives, and waterproofing compounds becomes even more critical. These chemicals play a vital role in enhancing the durability and longevity of residential structures by improving the overall quality of construction materials. Moreover, with a growing emphasis on sustainable and energy-efficient buildings, the market is witnessing the introduction of eco-friendly construction chemicals that reduce environmental impact.
The Asia-Pacific (APAC) region is emerging as a powerhouse in the construction chemical market, driven by rapid urbanization and industrialization across multiple countries. Major economies like China, India, and Southeast Asian nations are witnessing significant infrastructure development, resulting in increased demand for advanced construction chemicals. These chemicals, which include concrete admixtures, waterproofing agents, and sealants, play a crucial role in enhancing the durability and sustainability of modern construction projects. Furthermore, government initiatives to improve urban infrastructure and rising investments in commercial real estate are bolstering the growth of the construction chemical sector in this dynamic region.
The market report has been segmented and sub segmented into the following categories:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Construction Chemical Market Overview |
3.1 Construction Chemical Market Revenues, 2020-2030F |
3.2 Construction Chemical Market Revenue Share, By Types, 2020 & 2030F |
3.3 Construction Chemical Market Revenue Share, By Applications, 2020 & 2030F |
3.4 Construction Chemical Market Revenue Share, By Regions, 2020 & 2030F |
3.5 Construction Chemical Market Industry Life Cycle |
3.6 Construction Chemical Market- Porter's Five Forces |
4. Construction Chemical Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Construction Chemical Market Trends |
6. Construction Chemical Market Overview, By Types |
6.1 Concrete Admixtures Construction Chemical Market Revenues, 2020-2030F |
6.2 Concrete Adhesives Construction Chemical Market Revenues, 2020-2030F |
6.3 Concrete Sealants Construction Chemical Market Revenues, 2020-2030F |
6.4 Protective Coating Construction Chemical Market Revenues, 2020-2030F |
6.5 Industrial Flooring Construction Chemical Market Revenues, 2020-2030F |
6.6 Waterproofing and Roofing Construction Chemical Market Revenues, 2020-2030F |
6.7 Other Construction Chemical Market Revenues, 2020-2030F |
7. Construction Chemical Market Overview, By Applications |
7.1 Residential Construction Chemical Market Revenues, 2020-2030F |
7.2 Industrial Construction Chemical Market Revenues, 2020-2030F |
7.3 Commercial Construction Chemical Market Revenues, 2020-2030F |
7.4 Infrastructure Construction Chemical Market Revenues, 2020-2030F |
8. North America Construction Chemical Market Overview |
8.1 North America Construction Chemical Market Revenues, 2020-2030F |
8.2 North America Construction Chemical Market Revenue Share, By Types, 2020 & 2030F |
8.3 North America Construction Chemical Market Revenue Share, By Applications, 2020 & 2030F |
8.4 North America Construction Chemical Market Revenue Share, By Countries, 2020 & 2030F |
9. Europe Construction Chemical Market Overview |
9.1 Europe Construction Chemical Market Revenues, 2020-2030F |
9.2 Europe Construction Chemical Market Revenue Share, By Types, 2020 & 2030F |
9.3 Europe Construction Chemical Market Revenue Share, By Applications, 2020 & 2030F |
9.4 Europe Construction Chemical Market Revenue Share, By Countries, 2020 & 2030F |
10. The Middle East & Africa Construction Chemical Market Overview |
10.1 the Middle East & Africa Construction Chemical Market Revenues, 2020-2030F |
10.2 the Middle East & Africa Construction Chemical Market Revenue Share, By Types, 2020 & 2030F |
10.3 the Middle East & Africa Construction Chemical Market Revenue Share, By Applications, 2020 & 2030F |
10.4 the Middle East & Africa Construction Chemical Market Revenue Share, By Countries, 2020 & 2030F |
11. Asia Pacific Construction Chemical Market Overview |
11.1 Asia Pacific Construction Chemical Market Revenues, 2020-2030F |
11.2 Asia Pacific Construction Chemical Market Revenue Share, By Types, 2020 & 2030F |
11.3 Asia Pacific Construction Chemical Market Revenue Share, By Applications, 2020 & 2030F |
11.4 Asia Pacific Construction Chemical Market Revenue Share, By Countries, 2020 & 2030F |
12. MEA Construction Chemical Market Overview |
12.1 MEA Construction Chemical Market Revenues, 2020-2030F |
12.2 MEA Construction Chemical Market Revenue Share, By Types, 2020 & 2030F |
12.3 MEA Construction Chemical Market Revenue Share, By Applications, 2020 & 2030F |
12.4 MEA Construction Chemical Market Revenue Share, By Countries, 2020 & 2030F |
13. Rest of the World Construction Chemical Market Overview |
13.1 Rest of the World Construction Chemical Market Revenues, 2020-2030F |
14. Construction Chemical Market Opportunity Assessment |
14.1 Construction Chemical Market Opportunity Assessment, 2020-2030F |
14.2 Construction Chemical Market Opportunity Assessment Share, By Types, 2020 & 2030F |
14.3 Construction Chemical Market Opportunity Assessment Share, By Applications, 2020 & 2030F |
14.4 Construction Chemical Market Opportunity Assessment Share, By Regions, 2020 & 2030F |
15. Construction Chemical Market Competitive Landscape |
15.1 Construction Chemical Market Revenue Share, By Companies, 2023 |
15.1.1 North America Construction Chemical Market Revenue Share, By Companies, 2023 |
15.1.2 Europe Construction Chemical Market Revenue Share, By Companies, 2023 |
15.1.3 Asia Pacific Construction Chemical Market Revenue Share, By Companies, 2023 |
15.1.4 the Middle East & Africa Construction Chemical Market Revenue Share, By Companies, 2023 |
15.2 Construction Chemical Market Competitive Benchmarking, By Operating Parameters |
16. Company Profiles |
17. Strategic Recommendations |
18. Disclaimer |