Australia Construction Chemicals Market Overview, 2028

Australia Construction Chemicals Market Overview, 2028

The Australian construction sector was indeed experiencing growth and expansion, primarily driven by various government initiatives and a robust demand for infrastructure development and housing. The expanding construction sector in Australia has led to a significant boost in the market for construction equipment and chemicals. As the demand for infrastructure development, residential construction, and various other building projects continues to grow, the need for advanced and specialized construction chemicals has surged. Construction companies are increasingly investing in state-of-the-art equipment to enhance efficiency, productivity, and safety on their job sites. This increased demand for construction chemicals has not only benefited chemical manufacturers and suppliers but has also spurred innovation in the industry. Companies are developing and introducing more technologically advanced and environmentally friendly construction machinery and chemicals, which align with Australia's commitment to sustainability and eco-friendly practices. These advancements contribute to both the efficiency of construction projects and the reduction of environmental impact. In response to the economic impact of the COVID-19 pandemic, the government launched the Homebuilder program. It provided financial incentives to individuals and families to build or renovate homes, stimulating the construction and housing sectors and thus in turn supporting the construction chemicals market.

According to the research report, “Australia Construction Chemicals Market Overview, 2028” published by Bonafide Research, the market is anticipated to grow with more than 8% CAGR in the forecast period of 2023-2028. The expansion of the construction sector in Australia has contributed to the growth of the construction chemicals market. Construction chemicals are essential components in modern construction projects, as they enhance the properties of construction materials and help improve the durability, strength, and overall performance of structures. As the demand for new infrastructure projects, commercial buildings, and residential developments continues to rise, so does the need for a wide range of construction chemicals. These chemicals include products such as concrete admixtures, sealants, adhesives, waterproofing compounds, and protective coatings, among others. The expansion of the construction chemicals market is a direct result of several factors. Innovative construction techniques and materials require specialized chemicals to achieve desired properties, such as increased durability, reduced permeability, and enhanced resistance to environmental factors. Australia's growing emphasis on sustainability and eco-friendly construction practices has led to the development and use of green or environmentally-friendly construction chemicals. The increasing awareness of the importance of proper construction maintenance and protection has driven demand for products that can extend the life of structures and reduce maintenance costs. This has led to an upsurge in protective coatings and sealants in the market.

In the Australian construction chemicals landscape, the concrete admixture market stands as a formidable leader, reshaping the trajectory of the industry as a whole. With a relentless emphasis on enhancing the durability, strength, and performance of concrete in a wide array of construction projects, concrete admixtures have become the linchpin of Australia's building and infrastructure endeavors. This surge in demand is largely propelled by the nation's continuous urbanization and the pressing need to construct sustainable and resilient structures in the face of varying climatic conditions. Following closely are waterproofing chemicals, which address the paramount necessity to protect constructions from the country's diverse and often harsh environmental conditions. These chemicals provide a crucial defense against water penetration, guarding structures against deterioration and corrosion. The repair and rehabilitation segment has also gained significant prominence as Australia endeavors to preserve its aging infrastructure and extend the life of existing buildings. Meanwhile, adhesives and sealants, with their role in ensuring seamless material bonding and preventing leaks and air infiltration, are indispensable in maintaining structural integrity. As Australia's construction industry matures, the industrial flooring segment has begun to emerge as a noteworthy player, responding to the increased demand for specialized flooring solutions in commercial, industrial, and institutional settings. The ascendancy of these segments in Australia's construction chemicals market underscores not only the nation's sustained growth in construction but also its dedication to innovation, durability, and sustainability in construction projects.

Australia's construction chemicals market is characterized by a robust and diversified landscape, with its primary stronghold evident in the commercial sector, which serves as the cornerstone of the industry. The commercial sector's high demand for construction chemicals can be attributed to the nation's flourishing urban centers, where skyscrapers, office complexes, shopping malls, and various other commercial developments continue to reshape cityscapes. These projects require an array of construction chemicals, from concrete admixtures to adhesives and sealants, to meet stringent quality, safety, and durability standards. Following closely is the residential sector, where Australia's booming population and a persistent need for housing drive the consumption of construction chemicals in residential construction. Waterproofing solutions, roofing materials, and energy-efficient coatings play pivotal roles in ensuring the longevity and sustainability of homes. The industrial sector further underscores the versatility of construction chemicals, catering to a range of manufacturing, warehousing, and industrial infrastructure projects, where the need for corrosion-resistant coatings, industrial flooring, and specialty adhesives is paramount. Lastly, the infrastructure sector, while still substantial, primarily encompasses government-funded projects like roads, bridges, and public facilities. Infrastructure projects often necessitate a wide array of construction chemicals, from cement additives for durable concrete to protective coatings for extended asset life. Australia's construction chemicals industry, distributed across these sectors, is a testament to the nation's ongoing urbanization and development, underlining the critical role these chemicals play in shaping the country's built environment while prioritizing quality, sustainability, and innovation.

Considered in this report:
•Geography: Australia
•Historic year: 2017
•Base year: 2022
•Estimated year: 2023
•Forecast year: 2028

Aspects covered in this report:
•Australia Construction Chemicals market with its value and forecast along with its segments
•Various drivers and challenges
•On-going trends and developments
•Top profiled companies
•Strategic recommendation

By Product Type:
•Concrete Admixture
•Waterproofing Chemicals
•Repair and Rehabilitation
•Adhesives and Sealants
•Industrial Flooring
•Surface Treatment
•Cement Grinding Aids
•Protective Coatings
•Grout and Anchor

By End-User Industry:
•Commercial
•Residential
•Industrial
•Infrastructure

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Construction Chemicals industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.