Construction Chemicals Market

Construction Chemicals Industry Outlook

As per rigorous research by ChemView Consulting, our analysts forecast that the global construction chemicals market is anticipated to reach a valuation of USD 1,05,156.3 million and will grow at a 5.4% CAGR during the period from 2023–2033.

Key Findings on the Construction Chemicals Market

1. Which is the largest market for construction chemicals?

The biggest market for construction chemicals is East Asia. As per our analysis, East Asia holds nearly 32.4% share of the construction chemicals market.

2. What is the largest product type segment within the construction chemicals market?

As per ChemView Consulting, the largest segment by product type is concrete admixture. As per our analysis, this segment accounts for nearly 24.3% of total revenues.

3. At what rate is the construction chemicals market expected to grow?

The construction chemicals market is expected to grow at a CAGR of 5.4% during the period 2023–2033.

4. What are the major trends influencing the construction chemicals market?

• Urbanization:  Rapid global urbanisation fuels construction activity, increasing demand for construction chemicals.
• Advanced Formulations: Research and development activities are resulting in the development of innovative construction chemicals with increased performance and durability.

5. Who are the leading players in the construction chemicals market?

The key companies in the construction chemicals market are Sika AG, Chembond Chemicals Ltd., Cera-Chem Private Limited., RPM International Inc., MAPEI Corporation, Bostik; Inc., H.B. Fuller, Henkel AG and Company, Fosroc International Ltd., BASF SE, JSW Cement, Pidilite Industries, Saint-Gobain, Fosroc International, Berger Paints, MAPEI S.p.A., 3M, Evonik, Flowcrete Group Ltd., ACC Limited, The Dow Chemical Company, and SWC Brother Company Limited.

Key Drivers for Construction Chemicals Demand

• The growth of the construction chemicals market is closely related to the overall expansion of the construction sector. An increase in construction projects, including residential, commercial, and infrastructure initiatives, boosts demand for construction chemicals.
• In addition, growing environmental concerns have increased interest in sustainable construction practices. Eco-friendly construction chemicals, which provide benefits such as energy efficiency and less environmental impact, are in great demand.
• Moreover, government rules related to building codes, environmental standards, and safety requirements often require the use of construction chemicals, fueling market expansion.
• Furthermore, construction chemical technology developments contribute to the production of more efficient and high-performance products. This could lead to increased adoption and market growth.

Key Challenges Inhibiting Demand for Construction Chemicals

• The construction chemicals business is heavily reliant on raw materials such as polymers, resins, and chemicals. Price changes in these products can have an impact on profit margins and product price, making cost control difficult.
• Moreover, economic downturns and recessions can lower construction activity, affecting demand for construction chemicals. The health of the overall economy has a significant impact on the industry’s growth.

Key Challenges and Opportunities for Construction Chemicals Manufacturers

• Construction chemicals frequently interact with other materials and systems on a construction site. Thus, manufacturers may face difficulties in ensuring compatibility with various substrates, coatings, and construction processes.
• However, the growing emphasis on sustainability and green building practices opens up novel opportunities for manufacturers of environmentally friendly construction chemicals and materials.

Country/Region-wise Insights

US Construction Chemicals Market Forecast 

• The ongoing infrastructure development initiatives, both public and private, in the US market are projected to observe significant growth in the estimated period.
• In addition, the growing emphasis on sustainable and environmentally friendly construction practices has increased the use of eco-friendly construction chemicals.

Europe Construction Chemicals Market Outlook 

• An increasing awareness of the advantages of construction chemicals, such as increased strength, durability, and lower maintenance costs, in Europe is anticipated to drive sales in the market over the assessment period.
• In addition, stringent regulations and standards for construction materials are driving up demand for new and eco-friendly chemicals that can improve structural durability and performance, thereby boosting market growth.

Japan Construction Chemicals Market Forecast

• Collaborations between both national and international manufacturers, as well as an increased emphasis on modern construction processes in Japan, are anticipated to drive the market over the forecasted period.
• Additionally, stringent regulatory requirements for environmental and safety standards are driving the adoption of eco-friendly construction chemicals, further fueling market expansion.

China and India Construction Chemicals Market Forecast

• A surge in infrastructure development and urbanization in China and India is anticipated to fuel the market over the forecast period. China and India’s construction chemicals market is likely to account for a leading share of the global construction chemicals market.
• In addition, the increasing awareness of the benefits of construction chemicals, such as improved structural durability, sustainability, and cost-effectiveness, is driving their use.

Construction Chemicals Market Outlook and Forecast by Segmentation

By Product Type 

Based on product type, the concrete admixture segment is set to account for 24.3% of the construction chemicals market share over the assessment period. The growth is because concrete admixtures are chemical substances that are added to concrete mixes to improve their qualities. They can increase concrete’s workability, strength, durability, and overall performance. As building projects require greater performance criteria, the use of admixtures becomes increasingly important, fueling their ongoing appeal.

Furthermore, concrete admixtures can help minimise total building costs by allowing the use of lesser-quality or locally available aggregates while maintaining desirable performance characteristics. This cost-saving factor appeals to construction companies seeking to optimise their budgets.

By Application

Based on application, the residential segment is expected to remain at the forefront of the construction chemicals market share over the assessment period. The growth is mainly because residential buildings must comply with safety regulations and withstand a variety of environmental conditions, such as weather, dampness, and seismic activity. Construction chemicals are important for improving the safety and durability of structures, making them more appealing to homeowners.

In addition to new construction, the residential sector includes renovation and maintenance of existing structures. Construction chemicals are required for repairing and upgrading older structures in order to improve their durability and structural integrity.

Which Company Owns the Largest Share in the Construction Chemicals Market?

The key companies in the construction chemicals market are Sika AG, Chembond Chemicals Ltd., Cera-Chem Private Limited., RPM International Inc., MAPEI Corporation, Bostik; Inc., H.B. Fuller, Henkel AG and Company, Fosroc International Ltd., BASF SE, JSW Cement, Pidilite Industries, Saint-Gobain, Fosroc International, Berger Paints, MAPEI S.p.A., 3M, Evonik, Flowcrete Group Ltd., ACC Limited, The Dow Chemical Company, and SWC Brother Company Limited.

Recent Developments:

• In June 2023, Berger Paints and Fosroc International, a global leader in the construction chemicals industry, will collaborate to manufacture construction chemicals in Bangladesh.

• In July 2023, JSW Cement, one of the top green cement manufacturers in India, established a 0.3 million-tonne manufacturing facility in Ballari, Karnataka, to manufacture its line of construction chemical products.

• In May 2021, Saint-Gobain, a major player in the market for construction chemicals, entered into a contract to buy Chryso. The purchase of Chryso fits Saint-Gobain’s strategic ambition of global leadership in sustainable construction perfectly. It will increase the group’s foothold in the expanding construction chemicals sector, with combined sales of more than 3 billion euros across 66 nations.

As per our analysis, the companies that hold the largest share of the market are

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Sika AG 

Founded in 1910 and with headquarters in Baar, Switzerland, it is a worldwide specialty chemical firm that serves the construction and automotive industries.

BASF SE

Founded in 1865 and headquartered in Ludwigshafen, Germany, it is a multinational corporation and the world’s largest chemical producer.

Henkel AG and Company

Established in 1876 and with headquarters in Düsseldorf, Germany, it is a global chemical and consumer goods corporation.

RPM International, Inc.

Founded in 1947 and with headquarters in Medina, Ohio, United States, it is a worldwide corporation that manufactures and markets specialised paints, sealants, and building products through its subsidiaries.

H.B. Fuller

Founded in 1887 and with headquarters in Saint Paul, Minnesota, United States, it is a large adhesives manufacturing company that supplies industrial adhesives all over the world.

What Makes this Report More Insightful than Others?

With ChemView Consulting, we’re redefining market research for the next generation. Go beyond traditional analysis and immerse yourself in a holistic exploration of business opportunities. We offer:

Actionable Business Opportunity Assessments: Navigate the business landscape with precise, actionable insights tailored for future growth.

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Dynamic Price Tracking: Stay agile in a fluctuating market with real-time pricing intelligence.

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Startup Ecosystem Tracking: Discover the next big disruptors before they make headlines.

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The future is data-rich and insights-driven, and with ChemView Consulting, you are poised at the forefront. Every report is crafted to inspire, and every insight is designed to catalyze growth. Partner with us, and let’s co-create the future of your business.

Summary

The construction chemicals market is projected to reach a significant value of US $1,05,156.3 million by 2033, driven by a robust 5.4% CAGR during the period 2023–2033. Key industry players actively contributing to its growth are Sika AG, Chembond Chemicals Ltd., Cera-Chem Private Limited., RPM International Inc., MAPEI Corporation, Bostik; Inc., H.B. Fuller, Henkel AG and Company, Fosroc International Ltd., BASF SE, JSW Cement, Pidilite industries, Saint-Gobain, Fosroc International, Berger Paints, MAPEI S.p.A., 3M, Evonik, Flowcrete Group Ltd., ACC Limited, The Dow Chemical Company, and SWC Brother Company Limited. The largest market segment by product type is concrete admixture, while East Asia emerges as the dominant region in this market.

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