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Construction Chemicals Market

Published Date : Jun 2024 | Forecast Year : 2019

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Construction Chemicals Market Size, Share, Industry Trends Segmentation Analysis By Type (Concrete Admixtures, Waterproofing Chemicals, Adhesives and Sealants, Protective Coatings, Others) By Application (Residential, Commercial, Industrial) Growth, Demand, Regional Outlook, and Forecast 2023-2032

Report ID: AG859

Published : Jun 2024

Pages : 159

Category : Chemical & Material

Format : Construction Chemicals Market

REPORT ATTRIBUTEDETAILS
MARKET SIZE (2032)USD 132.1 Billion
MARKET SIZE (2023)USD 85.6 Billion
CAGR (2023-2029)4.87%
HISTORIC YEAR2019
BASE YEAR2023
FORECAST YEAR2032
BY TYPEConcrete Admixtures
Waterproofing Chemicals
Adhesives and Sealants
Protective Coatings
Others
BY APPLICATIONResidential
Commercial
Industrial
GEOGRAPHIC ANALYSISNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
KEY PLAYERSBASF SE, Sika AG, RPM International Inc., Mapei S.p.A., Fosroc International Limited, Dow Chemical Company, Henkel AG & Co. KGaA, Saint-Gobain Weber, Arkema Group, Pidilite Industries Limited, LafargeHolcim, W.R. Grace & Co., GCP Applied Technologies Inc., Huntsman Corporation, MAPEI Corporation, Akzo Nobel N.V., The Euclid Chemical Company, Ashland Global Holdings Inc., 3M Company, Laticrete International, Inc..

Construction Chemicals play a key role in improving the performance, durability and sustainability of building materials and structures. These specialty chemicals are designed to meet the diverse needs of modern construction practices, from residential to infrastructure projects. These include a wide range of products such as concrete mixes, waterproofing agents, adhesives, sealants and protective coatings. The construction chemicals market is driven by increasing urbanization, infrastructure development and growing demand for high-performance construction materials. The main factors influencing the market are technological advances, environmental regulations promoting sustainable practices and the need to improve infrastructure sustainability. As the construction industry evolves, the introduction of these chemicals continues to set construction standards around the world.

Construction Chemicals Market valued at $85.6 Billion in 2023 and projected to reach $132.1 Billion by 2032, growing at an 4.87 % CAGR

Construction Chemicals Market

Size, by Product, - (USD Billion)

Concrete Admixtures

Waterproofing Chemicals

Adhesives and Sealants

Protective Coatings

Other Products

18 16 14 12 10 8 6 4 2 0

The Market will Grow

At the CAGR of:

4.87%

The Forecast Market

Size for in USD:

$132.1 BillionB

b0d51e3055fd6f23ff6a384a6e091406.svg

Market Overview:

The Global Construction Chemicals Market is growing strongly, driven by increasing construction activity worldwide. Urbanization trends, infrastructure development and increasing focus on sustainable building practices are the main factors driving this growth. Asia Pacific dominates the market, driven by rapid urbanization and infrastructure investment in countries such as China, India and Southeast Asia. North America and Europe also hold a significant market share due to renovation and renovation activities in the construction industry. The Middle East and Africa is experiencing strong growth due to large construction projects and investment in the commercial and residential sectors. The main product segments are concrete admixtures, waterproofing chemicals, adhesives, sealants and protective coatings. The market is characterized by innovation in formulations, strict regulatory requirements that promote ecological products, and strategic partnerships to improve distribution networks worldwide.

Key players:

BASF SE

Sika AG

RPM International Inc.

Mapei S.p.A.

Fosroc International Limited

Dow Chemical Company

Henkel AG & Co. KGaA

Saint-Gobain Weber

Arkema Group

Pidilite Industries Limited

LafargeHolcim

W.R. Grace & Co.

GCP Applied Technologies Inc.

Huntsman Corporation

MAPEI Corporation

Akzo Nobel N.V.

The Euclid Chemical Company

Ashland Global Holdings Inc.

3M Company

Laticrete International, Inc.

Market Segmentation:

By Type:

Concrete Admixtures

Waterproofing Chemicals

Adhesives and Sealants

Protective Coatings

Others (including Flooring Chemicals, Repair & Rehabilitation Chemicals)

By Application:

Residential

Commercial

Industrial

By End User:

Infrastructure

Residential Building

Non-Residential Building

By Region:

North America

Europe

Asia-Pacific

Latin America

Middle East & Africa

By Function:

Plasticizers

Superplasticizers

Accelerators

Retarders

Others (including Air Entraining Agents, Waterproofing Admixtures)

Construction Chemicals Market

Share, by end user, (USD Billion)

Analytica Global 85.6 Billion%

Residential

Commercial

Industrial

Other End-Users

b0d51e3055fd6f23ff6a384a6e091406.svg

132.1 Billion

Total Market Size

USD (Billion),

4.87%

CAGR

-

Regional Market Dynamics: 

Focus on Asia Pacific, Asia Pacific is an important region for construction chemicals market growth due to rapid urbanization, infrastructure development, and government initiatives. This issue covers market trends in countries such as China, India and Southeast Asia, highlighting regulation, major projects and strategic investments by key players. It also discusses the region's unique challenges and opportunities, such as urbanization pressures, environmental concerns, and technological advances.

Market Dynamics:

Trends:

Increasing use of environmentally friendly and sustainable building chemicals.

Increasing demand for effective additives such as superplasticizers and waterproofing agents.

Technological advances in chemical compounds to improve the durability and strength of building materials.

Limitations:

Strict regulatory requirements and environmental considerations.

Fluctuating prices of raw materials affect profit margins.

Challenges in maintaining product quality and consistency in various areas.

Opportunities:

Expansion of infrastructure projects in developing economies.

Increasing investments in residential and commercial construction.

Opportunities for conversion and renewal.

Strategic mergers, acquisitions and partnerships to expand market position and product portfolio.

Challenges:

Intense competition between top players.

Economic instability affects construction costs.

Product and application technology compatibility issues.

These dynamics influence market growth, product innovation, and strategic decisions in the construction chemicals industry globally.

Impact Of Green Building Certifications On Construction Chemicals:

Green building certifications such as LEED (Leadership in Energy and Environmental Design) have had a major impact on the construction chemicals markets. These certifications promote sustainable building practices by emphasizing energy efficiency, reducing environmental impact and improving indoor air quality. Building chemicals play a critical role in achieving these goals through innovative formulations that improve energy efficiency, water efficiency and overall building sustainability.

Manufacturers of building chemicals are increasingly focused on developing products that meet the strict environmental standards required by green building certifications. This includes formulations that are low in volatile organic compounds (VOCs), environmentally friendly additives, and materials that are high in Such products not only help achieve certification points, but also contribute to long-term savings and ease of use.

In addition, the demand for sustainable construction chemicals is driven by government regulations promoting green building initiatives and incentives for environmentally friendly construction practices. This issue discusses specific examples of green building projects where advanced building chemicals have helped achieve certification, as well as future perspectives for sustainable building practice worldwide.

Construction Chemicals Market

Size, by Product, - (USD Billion)

APAC $ 24

The Market will Grow

At the CAGR of:

4.87%

The Forecast Market

Size for in USD:

$132.1 BillionB

b0d51e3055fd6f23ff6a384a6e091406.svg

The Role Of Construction Chemicals In Sustainable Infrastructure Development:

The goal of sustainable infrastructure is to minimize environmental impacts and meet economic and social needs. Building chemicals promote sustainability by improving energy efficiency, reducing carbon dioxide emissions and improving the durability of buildings. This issue discusses specific examples of sustainable infrastructure projects where construction chemicals have played a central role, and advances in green certification and regulatory frameworks promoting sustainable construction practices worldwide.

Market Entry Strategies for Construction Chemical Manufacturers:

Expansion into new markets requires strategic planning and an understanding of local regulations, the competitive environment and customer preferences. This topic provides an overview of effective market entry strategies for construction chemical manufacturers, including partnerships, mergers and acquisitions, local product customization, and distribution network optimization. Case studies of successful market entries in different regions illustrate key considerations and best practices.

The Impact Of Digitization On The Management Of Construction Chemicals:

Digital technologies such as Building Information Modeling (BIM), IoT sensors and cloud-based platforms are changing the management of construction chemicals. This topic explores how digitization improves supply chain transparency, streamlines project planning and execution, and enables predictive maintenance for construction chemical applications. Challenges and opportunities in the implementation of digital solutions in the construction value chain are also discussed.

Value Chain Analysis:

Raw Material Sourcing: Sourcing of key chemicals and additives.

Manufacturing: manufacturing and production of construction chemicals.

Distribution: logistics and distribution networks to reach end users.

Area of ​​use: use of chemicals in construction projects.

After-sales service: technical support and maintenance.

Supply Chain Analysis:

Suppliers: Suppliers of raw materials and additives.

Manufacturers: companies that produce construction chemicals.

Distributors: logistics companies and distributors who manage the distribution of products.

Contractors: Entities that use chemicals in construction projects.

End users: construction companies and developers using prefabricated structures.

Analysis of Porter's Five Forces:

Competitive Rivalry: Fierce competition between major players.

Threat of new entrants: moderate due to capital intensity and regulatory barriers.

Bargaining power of suppliers: moderate to high because it depends on special raw materials.

Bargaining power of buyers: moderate, large construction projects affect.

Threat of substitutes: low because specialty chemicals have limited alternatives.

Construction Chemicals Market TO (USD BN)

Construction Chemicals Market

CAGR OF

4.87%

Construction Chemicals Market

b0d51e3055fd6f23ff6a384a6e091406.svg
Analytica Global 132.1 Billion%

Recent Developments:

  • September 30, 2020, effective at midnight, BASF closed the divestiture of its Construction Chemicals business to an affiliate of Lone Star, a global private equity firm. The purchase price on a cash and debt-free basis is €3.17 billion. The Construction Chemicals business now forms the newly founded MBCC Group, headquartered in Mannheim, Germany.
  • 05/02/2023: Ad hoc announcement pursuant to Art. 53 LR, Sika acquires MBCC business generating CHF 2.1 billion net sales in 2022, Annual synergies expected in the range of CHF 160 – 180 million by 2026, Integration process well prepared and to start as of today, The combined innovation power of Sika and MBCC will accelerate the sustainable transformation of the whole construction industry, Sika set to reach sales in excess of CHF 12 billion in 2023

Frequently Asked Questions:

What is the projected market size & growth rate of the Construction Chemicals Market?

Ans: Construction Chemicals Market valued at $85.6 Billion in 2023 and projected to reach $132.1 Billion by 2032, growing at an 4.87 % CAGR 

What are the key driving factors for the growth of the Construction Chemicals Market?

Ans: The increased implementation of growing infrastructural developments and rising demand is the crucial aspect of the rise in the market revenue of the Construction Chemicals Market as well as the latest technological advancements owing to rising building and construction, and other infrastructure activities that will foster market growth.

What are the top players operating in the Construction Chemicals Market?

Ans: The major players are Dow Chemical Company, BASF SE, Henkel Ag & Co. KGAA, Sika AG, Akzonobel Chemicals AG, Bostik Limited, Fosroc International, Arkema SA.

What segments are covered in the Construction Chemicals Market report?

Ans: The Global Construction Chemicals Market is Segmented on the basis of Type, Application, And Geography.

 

Construction Chemicals Market - Global Outlook & Forecast 2024-2029

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