Construction Chemicals Market Outlook:
Construction Chemicals Market size was valued at USD 52.59 billion in 2024 and is expected to reach USD 91.55 billion by 2034, registering around 5.7% CAGR during the forecast period i.e., between 2025-2034. In the year 2025, the industry size of construction chemicals is assessed at USD 55.14 billion.
Key Construction Chemicals Market Insights Summary
The construction chemicals market in Asia Pacific is projected to hold the highest revenue share by 2037.
The market is categorized and examined based on application into residential and non-residential segments.
Growing construction activity across both segments is expected to further boost the construction chemicals market in the region.
Key Growth Trends
- Growth in the Chemical Industry
- Growing Urban Population
Key Players
GCP Applied Technologies Inc., SIKA AG,The DOW Chemical Company, RPM International Inc., Ashland Inc., MAPEI S.p.A, Akzo Nobel NV, Arkema, Fosroc, Inc., Pidilite Industries
Market Size and Growth Projections
- 2024 Market Size: USD 52.59 billion
- 2025 Market Size: USD 55.14 billion
- Projected Market Size: USD 91.55 billion by 2034
- Growth Forecasts: 5.7% CAGR (2025-2034)
- Largest Region: Asia Pacific
- Fastest Growing Region: Asia Pacific
The market growth 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, increasing urbanization and the growing need for homes across the world are estimated to accelerate the market growth.
Construction Chemicals Market 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 Size and Forecast:
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
|
Forecast Year |
2025-2034 |
|
CAGR |
5.7% |
|
Base Year Market Size (2024) |
USD 52.59 billion |
|
Forecast Year Market Size (2034) |
USD 91.55 billion |
|
Regional Scope |
|
Construction Chemicals Market Segmentation:
Application Segment Analysis
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:
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By Type |
|
|
By Application |
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Customize this ReportConstruction Chemicals Market Regional Analysis:
Asia Pacific Market Insights
Asia Pacific construction chemicals market is estimated to account for largest revenue share by 2037, owing to 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. 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 presence of important market players are predicted to fuel the industry expansion.
Key Construction Chemicals Market Players:
- 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
Recent Developments
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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).
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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: Jun 13, 2025
- Report Format: PDF, PPT
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Construction Chemicals Market Report Scope
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