Construction Chemicals Market, By Product Type, By Application, By End-User, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2023-2030
Construction Chemicals Market size was valued at USD 37,031.10 Million in 2022, expanding at a CAGR of 9.28% from 2023 to 2030.
To keep all the building components together during construction, chemicals known as construction chemicals are used with cement, concrete, or other building materials. Both the project's sustainability and the quality of the building materials will improve. Construction projects make use of chemical substances known as construction chemicals.
Construction Chemicals Market- Market Dynamics
Increasing demand for premix admixtures for construction, building chemicals to propel market demand
To enhance qualities of ready-mixed or hardened concrete, concrete admixtures are artificial or natural chemicals or additives applied during the mixing process. Admixtures for concrete improve the workability, durability, and initial and final strengths of both fresh and hardened concrete. Admixtures for concrete enhance its characteristics for use in construction applications where certain standards are met. When the water-to-cement ratio is low, they attain the desired workability, and when concrete is transported over long distances, they enhance the setting time. These benefits of admixtures are expected to boost the market growth.
Furthermore, the market for construction chemicals will keep growing quickly because more people are becoming aware of the advantages of using these materials, which basically improve the characteristics of construction such strength, resilience to adverse working conditions, and compressive durability. It is also expected that the rate of increase in middle-class residential dwellings will facilitate market expansion. A surge in migration to fast urbanizing areas is the reason behind the growth of many emerging economies. As a result of urbanization, more residential and non-residential structures will be built to meet the growing need. In addition to residential buildings, there are movie theatres, shopping malls, hospitals, and restaurants. As such, the market's growth will pick up speed.
Construction Chemicals Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 9.28% over the forecast period (2023-2030)
Based on Product Type segmentation, concrete admixtures segment was predicted to show maximum market share in the year 2022, owing to high utilization of concrete admixtures in construction.
Based on Application segmentation, non-residential segment was the leading segment in 2022, mainly due to high need for infrastructure development.
Based on End-User segmentation, industrial infrastructure segment was the leading segment in 2022, mainly due to increasing digitization at banking sector.
On the basis of region, North America was the leading revenue generator in 2022, owing to growing industrial and chemical sector.
Construction Chemicals Market- Segmentation Analysis:
The Global Construction Chemicals Market is segmented on the basis of Product Type, Application, End-User, and Region.
The market is divided into categories based on Product Type: concrete admixture, surface treatment, repair and rehabilitation, protective coatings, industrial flooring, waterproofing, adhesives, sealantsm grout and anchor. The concrete admixture segment dominates the market. concrete admixtures are high in demand from construction with mixing of sand, dust and other chemicals and is expected to boost the market growth.
The market is divided into two categories based on Application: residential and non-residential. The non-residential segment dominates the market and is likely to maintain its dominance during the forecast period. The growing demand from highways, dams, tunnels, and bridges are likely to boost market growth.
The market is divided into four categories based on End-User: industrial infrastructure, public spaces, commercial, and others. The industrial infrastructure segment dominates the market and is likely to maintain its dominance during the forecast period. The increased demand from industrial buildings, construction is expected to fuel the segment growth.
Construction Chemicals Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Construction Chemicals Market- Competitive Landscape:
Leading construction chemicals companies have gained market share mainly through product introductions and developments; these have been succeeded by agreements, contracts, partnerships, and collaborations; expansions; and mergers and acquisitions. In order to enhance their market share and fortify their standing within the competitive industry, the corporations have implemented an array of tactics.
Recent Developments:
In July 2022, Mapei SpA opened its third facility in Kosi, Mathura, India, to enhance construction chemical output in order to satisfy client demand.
In June 2022, Nitoflor PAFS, a new and unique low-odor, taint-free poly aspartic-based high-build floor coating solution from Fosroc, was made available for use in a broad range of commercial, residential, and industrial flooring applications.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL CONSTRUCTION CHEMICALS MARKET KEY PLAYERS
BASF SE
GCP Applied Technologies Inc.
MUHU (China) Construction Materials Co., Ltd.
Holcim
M&I Materials Limited
RPM International
Sika India Pvt. Ltd.
Fosroc Inc.
Dow
Arkem S.A.
Ashland Inc.
Mapei S.p.A
CHRYSO GROUP
GCP Applied Technologies Inc.
Pidilite Industries Ltd.
Dupont
SOLVAY
Others
GLOBAL CONSTRUCTION CHEMICALS MARKET, BY PRODUCT TYPE
Concrete admixture
Surface treatment
Repair and rehabilitation
Protective coatings
Industrial flooring
Waterproofing
Adhesives
Sealantsm grout
Anchor
GLOBAL CONSTRUCTION CHEMICALS MARKET, BY APPLICATION
Residential
Non-residential
GLOBAL CONSTRUCTION CHEMICALS MARKET, BY END-USER
Industrial infrastructure
Public spaces
Commercial
Others
GLOBAL CONSTRUCTION CHEMICALS MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Construction Chemicals Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Construction Chemicals Market Snippet by Product Type
2.1.2. Construction Chemicals Market Snippet by Application
2.1.3. Construction Chemicals Market Snippet by End-User
2.1.4. Construction Chemicals Market Snippet by Country
2.1.5. Construction Chemicals Market Snippet by Region
2.2. Competitive Insights
3. Construction Chemicals Key Market Trends
3.1. Construction Chemicals Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Construction Chemicals Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Construction Chemicals Market Opportunities
3.4. Construction Chemicals Market Future Trends
4. Construction Chemicals Industry Study
4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Construction Chemicals Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Construction Chemicals Market Landscape
6.1. Construction Chemicals Market Share Analysis, 2022
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players' Analysis
6.2.2. Emerging Players' Analysis
7. Construction Chemicals Market - By Product Type