Construction Chemicals Market By Type (Concrete Admixtures, Water Proofing and Roofing, Repair and Rehabilitation, Industrial Flooring, Sealants and Adhesives, Cement Grinding Aids, Others), By End-use Industry (Residential, Industrial/Commercial, Infrastructure, Repair): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global construction chemicals market was valued at $49.9 billion in 2022 and is projected to reach $88.1 billion by 2032, growing at a CAGR of 6% from 2023 to 2032.
Construction chemicals can be defined as chemical formulations used with cement, concrete, or other construction materials at the time of construction to hold the construction material together. Construction chemicals have become one of the significant parts of the chemical industry, playing a vital role in infrastructure development. Cement is widely used as a binding material in construction. Cement is mixed with crushed rock, sand, and water in specific proportions to prepare concrete. Concrete admixtures are chemicals added to concrete during the mixing process to modify the properties of the concrete. Admixtures can improve the workability, strength, durability, and other characteristics of concrete. Concrete admixtures speed up the setting and hardening of concrete, which can be useful in cold weather conditions or when rapid strength gain is required. These admixtures slow down the setting and hardening of concrete, which can be useful in hot weather conditions or when more time is needed for placement and finishing.
Admixtures are used during the first stage of construction. Ligno-based, SNF (Sulfonated Naphthalene Formaldehyde) & SMF (Sulfonated Melamine Formaldehyde)-based and PCE-based are the three types of admixtures mostly prevalent in the market. Ligno-based admixtures were the first-generation admixtures with lower performance as compared to SNF & SMF- and PCE-based admixtures. PCE-based admixtures are third-generation admixtures and are usually 3-4 times more expensive than SNF & SMF-/Ligno-based admixtures. The Asia-Pacific region has the highest consumption rate for admixtures owing to the huge number of infrastructure projects undertaken. Concrete admixtures provide benefits such as strength, durability, finishing, and workability to concrete, this factor will fuel the growth opportunities of the market.
Moreover, waterproofing and roofing construction chemicals are specialized chemicals used in the construction industry to prevent water infiltration and to protect roofs from environmental factors. Waterproofing and roofing caters to various end-use applications with products based on Bitumen, PU, and polymers such as SBR and acrylic. These compounds are available in liquid, solid, slurry, and two-component coating forms. These compounds or membranes can be extremely effective when applied on the exterior of a foundation system. The application of water proofing compounds is done by implant treatments, which includes either dipping or by low-pressure spraying on the surface. Bitumen is a waterproofing material commonly used in roofing applications. It is a sticky, black, and tar-like substance that can be applied to a variety of surfaces to create a waterproof barrier.
The construction chemical market is segmented on the basis of type, application and region. By type, the market is categorized into concrete admixtures, water proofing & roofing, repair and rehabilitation, industrial flooring, sealants & adhesives, cement grinding aids and others. By application, the market is fragmented into residential, industrial/commercial, infrastructure, and repair. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the industry include 3M, MAPEI S.p.A., Fosroc, Inc., Sika AG, Evonik, Chembond Chemicals Limited, ACC Limited, Flowcrete Group Ltd., SWC Brother Company Limited, and Cera-Chem Pvt. Ltd. These players have adopted product launch as their key strategy to increase their market shares.
IMPACT OF COVID-19 ON THE GLOBAL CONSTRUCTION CHEMICAL MARKET
The pandemic caused delays in construction projects due to lockdowns, social distancing measures, and labor shortages. This resulted in a decrease in demand for construction chemicals.
The COVID-19 outbreak led to a shift toward more eco-friendly construction chemicals. The pandemic highlighted the importance of sustainability, and there is a surge in demand for chemicals that are less harmful to the environment and human health.
However, as the world recovers from the pandemic and construction activities resume, the demand for construction chemicals is expected to rebound. In addition, the pandemic has highlighted the need for greater sustainability in the construction industry, which could lead to opportunities for manufacturers of eco-friendly chemicals.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the construction chemicals market analysis from 2022 to 2032 to identify the prevailing construction chemicals market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the construction chemicals market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global construction chemicals market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy TypeSealants and Adhesives
Cement Grinding Aids
Others
Concrete Admixtures
Water Proofing and Roofing
Repair and Rehabilitation
Industrial Flooring
By End-use IndustryResidential
Industrial/Commercial
Infrastructure
Repair
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
3M
ACC Limited
Cera-Chem Pvt. Ltd.
Chembond Chemicals Limited
Evonik
Flowcrete Group Ltd.
Fosroc, Inc.
MAPEI S.p.A.
Sika AG
SWC Brother Company Limited
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