Construction Chemicals Market Size & Share, by Type (Admixtures, Flooring, Waterproofing, Repair & Rehabilitation); Application (Residential, Non-Residential) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2037

  • Report ID: 1166
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Construction Chemicals Market size was over USD 62.95 billion in 2024 and is projected to exceed USD 147.68 billion by the end of 2037, witnessing over 6.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of construction chemicals is evaluated at USD 66.37 billion.

The market's expansion can be ascribed to an increase in construction activity. For instance, it is predicted that by the year 2050, construction workers will set up 3,500 new structures daily.

Construction chemicals are renowned for increasing strength and preventing corrosion in the infrastructure. Additionally, the construction industry has seen an increase in investment, which is predicted to spur construction chemicals market expansion. For instance, the Indian Parliament approved a bill in March 2021 to establish the National Bank for Financing Infrastructure and Development (NaBFID), a development finance organization with a budget of roughly USD 3 billion. Furthermore, the increasing urbanization and the growing need for homes across the world are estimated to accelerate market growth over the ensuing years.


Construction Chemicals Market Overview
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Construction Chemicals Sector: Growth Drivers and Challenges

Growth Drivers

  • Growth in the Chemical Industry – Key vendors worldwide have established production bases in the expanding chemical industries around the world, especially in developing countries owing to the easy accessibility of cheap raw materials and labor, as well as government subsidies and favorable environmental norms. This is expected to accelerate the construction chemicals market growth over the course of the forecast period. For instance, owing to rising local demand and higher realization as a result of high chemical prices, small and medium-sized firms in the domestic chemicals sector have recorded revenue growth of more than 17% in FY22.
  • Growing Urban Population - 68% of the world's population is anticipated to live in cities by the year 2050, up from 55% in 2018. More building work is planned as a result of the expected increase in the number of people living in metropolitan regions. Consequently, the industry should increase faster than anticipated.
  • Rise in the Number of Residential Projects - Public residential construction investments in the US saw a considerable rise in value between 2002 and 2021. In 2021, the public sector invested about USD 10 billion in residential development projects.
  • Rising Population - In the next 30 years, the global population is expected to increase by 2 billion, from 7.7 billion presently to 9.7 billion in 2050, with a potential peak of 11 billion people around the year 2100.
  • Robust Growth in Remodeling - In research conducted in 2020, around 50% of participants said they had renovated their homes, and the median amount spent on renovations by a household rose to more than USD 13,000 in that year.

Challenges

  • Adverse Effect of Chemicals on Health
  • Dangerous volatile organic compounds (VOCs) such as formaldehyde, acetone, and butanol are released through solid wood, caulking sealant, floor wax, and many construction chemicals used in residential construction. Moreover, construction activities involve the use of chemicals that could produce dangerous VOCs, which can result in widespread health issues including skin irritation, asthma, nausea, dizziness, migraines, and eye irritation. Hence this factor is expected to hinder the growth of the construction chemicals market.
  • Rise in Market Volatility
  • Strict Government Regulations

Construction Chemicals Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

6.9%

Base Year Market Size (2024)

USD 62.95 billion

Forecast Year Market Size (2037)

USD 147.68 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Construction Chemicals Segmentation

Application (Residential, Non-Residential)

The construction chemicals market is segmented and analyzed for demand and supply by application into residential, and non-residential. Out of which the non-residential segment is anticipated to garner the largest revenue by the end of 2037, backed by growing non-residential activities. Demand for the construction of office buildings, hotels, retail stores, and entertainment facilities is growing. In 2020, the largest 6 cities in India saw a net absorption of about 30 Mn sqft.

Our in-depth analysis of the global construction chemicals market includes the following segments:

       By Type

  • Admixtures
  • Flooring
  • Waterproofing
  • Repair & Rehabilitation

      By Application

  • Residential
  • Non-Residential

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Construction Chemicals Industry - Regional Synopsis

Asia Pacific Market Forecast

The Asia Pacific construction chemicals market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The market's expansion can be attributed to the government's increasing infrastructure-related initiatives as well as the rising demand for residential and non-residential buildings. The region's growing urbanization is also expected to have a substantial positive impact on the infrastructure sector, which is expected to fuel regional market expansion. For instance, China's permanent residency urbanization rate was 64.72 percent in 2021 and the country wants to increase that rate to 65 percent by 2025. Additionally, the region's expanding textile industry and the presence of important construction chemicals market competitors are predicted to fuel market expansion.

Research Nester
Construction Chemicals Market Share
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Companies Dominating the Construction Chemicals Landscape

    • GCP Applied Technologies Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • SIKA AG
    • The DOW Chemical Company
    • RPM International Inc.
    • Ashland Inc.
    • MAPEI S.p.A
    • Akzo Nobel NV
    • Arkema
    • Fosroc, Inc.
    • Pidilite Industries 

In the News

  • Sika AG and MBCC Group (former BASF Construction Chemicals) signed a binding contract. Regulations must approve the transaction before it may be completed. Sika's proposed acquisition of MBCC Group will be thoroughly investigated (Phase 2) by the UK Competition and Markets Authority (CMA).

  • The Dow Chemical Company announced a series of incremental methyl cellulose capacity investments to assist construction dry mix clients secure a consistent supply of essential additives for this booming market. These capacity additions show the company's dedication to the dry mix sector and are a part of a multi-phase investment plan for construction chemicals.

Author Credits:  Rajrani Baghel


  • Report ID: 1166
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of construction chemicals is evaluated at USD 66.37 billion.

The construction chemicals market size was over USD 62.95 billion in 2024 and is projected to exceed USD 147.68 billion by the end of 2037, witnessing over 6.9% CAGR during the forecast period i.e., between 2025-2037. The market growth is driven by growing urban population, rise in the number of residential projects, rising population, and others.

Asia Pacific industry is anticipated to hold largest revenue share by 2037, impelled by government's increasing infrastructure-related initiatives as well as the rising demand for residential and non-residential buildings in the region.

The major players in the market include GCP Applied Technologies Inc., SIKA AG, The DOW Chemical Company, RPM International Inc.
Construction Chemicals Market Report Scope
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