Construction Chemicals Market

Market Definition:

The Construction Chemicals Market size was valued at USD 58.35 billion in 2023 and is predicted to reach USD 93.49 billion by 2030 with a CAGR of 6.9% from 2024-2030. Construction chemicals refer to the chemical formulations that are used with construction materials at the time of construction to hold the construction materials together. These chemicals are used in cement, concrete, and other material to enhance their properties and make construction even rigid and stronger. 

The pre-defined application of construction chemicals is categorized under construction industry in residential and commercial sectors. It is highly incorporated into infrastructural development activities such as construction of roads, bridges, dams, and others. Some of the majorly used construction chemicals includes concrete admixtures, water proofing & roofing, repair, flooring, sealants & adhesives, and others.

Market Dynamics and Trends:

The surging demand for construction chemicals is due to the latest technological advancements including waterproofing chemicals and membranes along with rehabilitation chemicals that increase the life of building structures while imparting additional protection from atmospheric degradation such as pollution. Also, the rising government initiatives in infrastructural developments such as bridges, roads, hospitals, and others and increased spending on construction across the world are expected to propel the growth of the market during the forecast period. 

For instance, at the 2021 G7 Summit, US President Biden and G7 leaders formally launched the Partnership for Global Infrastructure (PGII) to mobilize billions of dollars’ investment and deliver quality, sustainable infrastructure that makes a difference in people’s lives around the world.  Moreover, need for durable and aesthetic civil structures to provide protection against environmental hazards including earthquakes and flood are further boosting the market during the forecast period.

However, rising environmental policies regarding volatile organic compounds (VOC) emissions and volatility of cost in energy and raw materials of construction chemicals are factors that are expected to restrain the growth of market during the forecast period. On the other hand, rising concern about eco-friendly chemicals including cock and plant-based polyurethane rigid foam that has high efficiency and longer shelf life is expected to create lucrative growth opportunities for the construction chemical market players in the future.

Market Segmentations and Scope of the Study:

The construction chemical market has been segmented on the basis of product type, application, and geography. Based on product type, the market is bifurcated into concrete admixtures, water proofing & roofing, repair, flooring, sealants & adhesives, asphalt additives, flame-retardants, shrinkage reducing agents, bond breakers, mold release agents, and others. Based on application, the market is classified into residential, industrial & commercial, infrastructure, and repair structures. Geographic breakdown and analysis of each of the aforesaid segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis:

Asia-Pacific region holds the lion share of construction chemical market and is expected to continue dominating the market during the forecast period. This is attributed to higher growth of population in Asian countries such as China and India which significantly contributes to the surge in urbanization rate and construction projects in this region.

Also, growing demand for luxury homes as well as various expansion and acquisition strategies adopted by major players including Sika AG, Fosroc International Limited, and Asian Laboratories are expected to boost the demand for construction chemical market in this region. 

For instance, in November 2021, Sika AG signed an agreement to acquire MBCC Group, intended to complement and broaden Sika’s product and solution offerings further strengthening its geographic footprint.

On the other hand, North America is expected to show a steady rise in the construction chemical market due to the penetration of construction activities in the U.S and Canada that includes projects such as Las Vegas Convention Center people mover, Hudson Yards, and Burnaby Hospital Redevelopment along with the growing residential sector in this region.

Also, increase in federal and state funding for public works and institutional buildings are further expected to drive the market growth of construction chemical market. For instance, in November 2021, Congress approved the largest federal investment of $1 trillion to upgrade physical infrastructure such as roads and bridges, railways, airports, and water systems.

Competitive Landscape:

The construction chemical market comprises of various players such as Arkema SA, Fosroc, Inc., Sika A.G., BASF SE, Saint- Gobain, RPM International Inc., W. R. GRACE & CO., Ashland., MAPEI S.P.A., and Pidilite Industries Ltd. These market players are adopting agreement and acquisition to maintain their dominance in the global construction chemical market. 

For instance, in May 2021, Saint Gobain acquired Chryso, a global producer in chemical construction that intends to meet the strategic vision of Gobain as a global leader in sustainable construction. This acquisition is estimated to further expand the Group’s presence in the growing construction chemicals market with combined sales of more than USD 2.98 billion across 66 countries.

Also, in March 2022, Arkema completed acquisition of Ashland’s Performance Adhesives business investing $1.65 billion. This acquisition will help Arkema to strengthen its high-performance industrial adhesives business.

Key Benefits:

• The construction chemical market report provides the quantitative analysis of the current market and estimations through 2022-2030 that assists in identifying the prevailing market opportunities to capitalize on.

• The study comprises a deep dive analysis of the construction chemical market trend including the current and future trends for depicting the prevalent investment pockets in the market.

• The information related to key drivers, restraints and opportunities and their impact on the construction chemical market is provided in the report.

• The competitive analysis of the market players along with their market share in the construction chemical market

• The SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

Key Market Segments:

By Product Type

• Concrete Admixtures

• Water Proofing & Roofing

• Repair

• Flooring

• Sealants & Adhesives

• Asphalt Additives

• Flame-retardants

• Shrinkage Reducing Agents

• Bond Breakers

• Mold Release Agents

By Application

• Residential

• Industrial & Commercial

• Infrastructure

• Repair structures

By Geography

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Russia

  • Rest of Europe

• Asia-Pacific

  • China

  • India

  • Japan

  • Australia

  • Rest of Asia-Pacific

• RoW

  • Latin America

  • Middle east

  • Africa

KEY PLAYERS

• Arkema SA

• Fosroc, Inc.

• Sika A.G.

• BASF SE

• Saint- Gobain

• RPM International Inc.

• W. R. GRACE & CO.

• Ashland.

• MAPEI S.P.A.

• Pidilite Industries Ltd

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Billion (USD)
Market Segmentation	By Product Type (Concrete Admixtures, Water Proofing & Roofing, Repair, Flooring, Sealants & Adhesives, Asphalt Additives, Flame-retardants, Shrinkage Reducing Agents, Bond Breakers, Mold Release Agents, and Others), and by Application (Residential, Industrial & Commercial, Infrastructure, and Repair structures)
Geographical Segmentation	North America (U.S., Canada, Mexico) Europe (UK, Germany, France, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, Rest of Asia-Pacific), Rest of the World (Latin America, Middle east, Africa)
Companies Profiled	Arkema SA, Fosroc, Inc., Sika A.G., BASF SE, Saint- Gobain, RPM International Inc., W. R. GRACE & CO., Ashland., MAPEI S.P.A., and Pidilite Industries Ltd.