What is the Historic and Current Scenario of the Construction Chemicals Market?
The construction chemicals market has seen considerable growth due to a variety of factors.
• Strong growth has been seen in recent years in the construction chemicals market size. There's an expected increase from $53.38 billion in 2024 to $58.41 billion in 2025, a compound annual growth rate (CAGR) of 9.4%.
The notable growth during the historical period can be credited to infrastructure development, durability necessities, the use of concrete admixtures, waterproofing solutions, projects for repair and restoration, and progress in material science.
What is the Forecasted Market Size and CAGR for the Construction Chemicals Market?
The construction chemicals market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipations are high for the construction chemicals market to experience swift expansion in the upcoming years, with predictions putting the market's value at $86.72 billion by 2029, owing to a compound annual growth rate (CAGR) of 10.4%.
The rise during the forecast period is believed to be influenced by factors such as sustainable construction methods, energy-saving building solutions, emphasis on safety and resilience, certificates for eco-friendly buildings, and the growth of residential construction. Furthermore, the forecast period is expected to witness trends such as advancements in self-repairing materials, sealants and adhesives for efficient construction, the use of corrosion inhibitors in infrastructure schemes, state-of-the-art flooring solutions, and technologies in shotcrete and gunite.
What Are The Primary Growth Drivers In The Construction Chemicals Market?
The boom in construction is playing a major role in driving the expansion of the construction chemicals market. The construction process, which encompasses the building, alteration, repair, remodeling, improvement, or demolition of any structures, heavily relies on construction chemicals for the eradication of imperfections and bolstering of bonds, thereby prolonging the structure's lifespan. To demonstrate, in November 2023, new construction orders in 2022 saw an 11.4% increase from 2021, as reported by the Office for National Statistics, a UK executive office affiliated with the UK Statistics Authority. The value reached an unprecedented high of $98,621 million (£80,837 million). Private infrastructure, private commercial, and other public non-housing sectors were the principal driving forces behind this growth, reporting increases of 85.1%, 10.2%, and 17.5% respectively. Hence, the burgeoning construction industry is forecasted to further stimulate the growth in the construction chemicals market.
What are the Market Segments in the Construction Chemicals Market?
The construction chemicals market covered in this report is segmented –
1) By Type: Concrete Admixtures, Waterproofing And Roofing, Repair, Flooring, Sealants And Adhesives, Other Types
2) By End-User: Commercial, Industrial, Infrastructure And Public Places, Residential, Public Space
Subsegments:
1) By Concrete Admixtures: Water-Reducing Admixtures, Superplasticizers, Accelerating Admixtures, Retarding Admixtures
2) By Waterproofing And Roofing: Liquid Waterproofing Membranes, Cementitious Waterproofing, Bituminous Waterproofing, Roofing Coatings
3) By Repair: Repair Mortars, Grouts, Concrete Patch Repair Products, Surface Repair Compounds
4) By Flooring: Self-Leveling Compounds, Epoxy Flooring Systems, Polyurethane Flooring Systems, Floor Coatings
5) By Sealants And Adhesives: Silicone Sealants, Polyurethane Adhesives, Epoxy Adhesives, Construction Sealants
6) By Other Types: Corrosion Inhibitors, Chemical Additives, Specialty Construction Chemicals
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What Trends are Shaping the Construction Chemicals Market Size?
A strategic partnership technique is being employed by leading firms in the construction chemicals market to facilitate the integration of technology and broaden their market influence. A strategic partnership is usually a collaborative effort between two or more entities in which they pool their resources, skills, and efforts to attain shared goals or objectives. For example, in March 2024, Cormart Nigeria Limited, a chemical manufacturing company based in Nigeria, initiated a partnership with Fosroc International Limited, a Dubai-based firm specialized in construction chemicals. This partnership makes Cormart the sole distributor and authorized producer of Fosroc products in Nigeria. The goal of this partnership is to enrich the quality and accessibility of construction chemicals in the market, and to offer a wide array of solutions including concrete admixtures, repair and protection systems, waterproofing solutions, among others.
Who Are the Key Players in the Construction Chemicals Market?
Major companies operating in the construction chemicals market include:
• Koch Industries Inc.
• BASF SE
• The Dow Chemical Company
• Saint-Gobain
• Master Builders Solutions
• 3M Company
• HOLCIM
• Henkel AG & Co. KGaA
• Densified Inc.
• Cemex S.A.B. de C.V.
• Arkema S.A.
• AkzoNobel N.V.
• Wacker Chemie AG
• RPM International Inc.
• Etex Group
• Chembond Chemicals Limited
• Bostik S.A.
• Ashland Global Specialty Chemicals Inc.
• MBCC Group
• W. R. Grace and Company
• Sika AG
• Pidilite Industries Limited
• CICO Group
• Fosroc International Limited
• Mapei S.p.A.
• ACC Limited
• Cera-Chem Pvt. Ltd.
• Flowcrete Group Ltd.
What are the Regional Insights into the Construction Chemicals Market?
Asia-Pacific was the largest region in the construction chemicals market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
