Global Construction Chemicals Market to Reach USD 71,987.04 Million by 2031 | CAGR of 6.3%
Category : Materials And Chemicals | Published Date : Nov 2024 | Type : Press Release
Construction Chemicals Market Scope & Overview:
In the newly published report, Consegic Business Intelligence states that the Construction Chemicals Market size was valued at USD 44,295.55 million in 2023 and is projected to grow at a CAGR of 6.3%, reaching USD 71,987.04 million by 2031. Construction chemicals are specialized products used to enhance the durability, strength, and water resistance of structures, playing a vital role in residential, commercial, industrial, and infrastructural projects. These chemicals include concrete admixtures, sealants, adhesives, waterproofing agents, and protective coatings, significantly improving the performance and longevity of construction materials.
The report comprises the Construction Chemicals Market Share, Size & Industry Analysis, based on Product Type (Concrete Admixtures, Coatings, Adhesives, Sealants, Grouts & Anchors, Waterproofing Chemicals, Polymer Bonding Agents, Others), End Use (Residential Construction, Commercial Construction, Industrial Construction, Infrastructural Construction), and Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2024-2031.
The report contains detailed information on Construction Chemicals Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profiles, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Increasing demand for eco-friendly building materials and innovations in bio-sourced admixtures are driving market growth.
Segmental Analysis :
Based on product type, the market is segmented into Concrete Admixtures, Coatings, Adhesives, Sealants, Grouts & Anchors, Waterproofing Chemicals, Polymer Bonding Agents, and Others.
- The concrete admixtures segment accounted for the largest market share of 29.77% in 2023, driven by its ability to enhance the strength, durability, and workability of concrete used in various construction projects.
- The waterproofing chemicals segment is anticipated to grow at the fastest CAGR during the forecast period, supported by their critical role in protecting structures from water damage and ensuring longevity.
Based on end use, the market is segmented into Residential Construction, Commercial Construction, Industrial Construction, and Infrastructural Construction.
- The residential construction segment dominated the market in 2023, attributed to increasing demand for durable, resilient, and energy-efficient housing solutions.
- The infrastructural construction segment is projected to grow significantly, fueled by rising investments in roads, bridges, and airports, where high-performance chemicals are essential for structural integrity.
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
- Asia-Pacific: Held the largest market share in 2023, driven by rapid urbanization, infrastructure development, and government investments in China and India.
- North America: Expected to grow at the fastest CAGR of 6.9%, supported by advancements in eco-friendly construction materials and robust infrastructure development in the U.S.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 71,987.04 Million |
| CAGR (2024-2031) | 6.3% |
| Product Type | Concrete Admixtures, Coatings, Adhesives, Sealants, Grouts & Anchors, Waterproofing Chemicals, Polymer Bonding Agents, Others |
| End Use | Residential Construction, Commercial Construction, Industrial Construction, Infrastructural Construction |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Construction Chemicals Industry:
- BASF SE (Germany)
- 3M (United States)
- Sika AG (Switzerland)
- Dow (United States)
- Wacker Chemie AG (Germany)
- Saint-Gobain (France)
- MAPEI (India)
- Bostik (France)
- H.B. Fuller Company (United States)
- Huntsman International LLC (United States)
Recent Industry Developments :
- October 2024: Thermax acquired Buildtech to expand its portfolio with advanced construction chemicals and energy-efficient solutions.
- July 2024: Saint-Gobain launched EnviroMix C-Clay admixtures, encouraging sustainable cement production.
- December 2023: Arkema acquired Arc Building Products to strengthen its position in the adhesives and sealants segment.
- 2022: Sika inaugurated a new concrete admixture plant in Virginia, USA, to meet North American market demand.
