Construction Chemicals Market, By Product (Surface Treatment, Repair and Rehabilitation, Concrete Admixture, Industrial Flooring, Waterproofing, Adhesives, Protective Coatings, Sealants, Grout and Anchor, and Cement Grinding Aids), By End User (Commercial, Industrial, Infrastructure, Residential, and Public Space), By Region – Global Analysis Forecast Till 2030

The Global Construction Chemicals Market size was accounted for USD 1539.6 Million in 2022 and is projected to be worth around USD 5264 Million by 2030 with a registered CAGR of 10.98% during the forecast period from 2022 to 2030.

Construction chemicals are chemicals that are mixed with cement, concrete or other building materials and held together during construction. The project is more sustainable and the quality of building materials is improved. Compounds called construction chemicals are used in construction projects. They are primarily used to speed up procedures and give buildings greater sustainability and strength.

Construction chemicals are used in a variety of building materials to improve constructability and performance, provide functionality, and preserve basic or custom aspects of structures during construction. The most important components of any chemical company are these compounds. Construction chemicals have changed the landscape for the entire construction sector. The use has improved the quality of building materials and consequently is widely used in construction projects to provide sustainability.

Market Dynamics

Drivers:

Building chemicals are expanding because there is a growing need for premix admixtures before they are used in construction. High-quality construction chemicals are in higher demand due to the decreased infrastructure durability brought on by more frequent rainstorms and wetter winters.

Due to this general expansion of the construction industry, which is necessary to keep up with the current rate of urbanisation, the construction chemicals market is being severely restrained.

The construction chemicals market will continue to grow quickly as more people become aware of the advantages of using these materials, which fundamentally improve the characteristics of construction such compressive durability, strength, and resilience to unfavourable working conditions.

Restraints:

Construction chemicals market expansion is anticipated to be hampered by the escalating environmental regulatory laws governing emissions of volatile organic compounds (VOCs).

The construction chemicals market is predicted to suffer from factors including energy and raw material price instability as well as the changing economic climate. Therefore, this aspect will hinder the construction chemicals market rate of expansion for building chemicals.

The uncertainty around a prospective change in governmental norms and regulations is also anticipated to hinder the growth of the construction chemicals industry, as it will increase the time allotted for project completion..

Opportunity:

Furthermore, in the projection period of 2022 to 2030, the market players would benefit from the governments' increasing attention on eco-friendly chemicals and green construction requirements. Furthermore, it is projected that significant investments made by established construction chemicals market players in eco-binders and silicate binder systems would further boost the future expansion of the building chemicals market.

Key players:

• GCP Applied Technologies Inc.

• MUHU (China) Construction Materials Co., Ltd.,

• Holcim

• BASF SE

• M&I Materials Limited

• Sika India Pvt. Ltd.,

• Dow

• Arkem S.A.

• Fosroc Inc.,

• CHRYSO GROUP

• RPM International

• GCP Applied Technologies Inc.

• Pidilite Industries Ltd.,

• Dupont

• SOLVAY

• W. R. Grace & Co.-Conn.

• Setral Chemie GmbH

• Ashland Inc (U.S.), Mapei S.p.A

• and Others

Market Segmentation:

Construction Chemicals Market, By Type

• Concrete Admixture

• Surface Treatment

• Repair and Rehabilitation

• Protective Coatings

• Industrial Flooring

• Waterproofing, Adhesives

• Sealants

• Grout and Anchor

• Cement Grinding Aids

Construction Chemicals Market, By Application

• Residential

• Non-Residential

Construction Chemicals Market, By Geography

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East & Africa (MEA)

Regional Analysis:

Because of the region's rapid growth in construction and the financial incentives provided by the governments to advance the infrastructure industry, Asia-Pacific currently holds a monopoly on the construction chemicals market for construction chemicals. The expansion of the middle class in the area has also been aided by the region's developing residential industry.

The rising economy and strong market fundamentals for commercial real estate projects in North America, on the other hand, are expected to contribute to the region's lucrative expansion over the projected period of 2022 to 2030. The growth of construction chemicals market in this area may also be aided by the growing population and upcoming development projects.

Scope of the Report:

User

Tab Content