Global Construction Chemicals Market Report and Forecast 2023-2028

Global Construction Chemicals Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global construction chemicals market reached a value of approximately USD 45.5 billion in 2022. Aided by the rise in infrastructural developments and increasing demand for durable and aesthetic civil structures, the market is projected to further grow at a CAGR of 5.3% between 2023 and 2028 to reach a value of USD 61.05 billion by 2028.

Construction chemicals refer to a variety of chemicals or chemical formulations used in the construction industry to enhance the durability of structures, speed up construction work, and provide additional protection to structures against environmental hazards. They are generally used in small quantities but impart crucial properties such as durability, water resistance, ease of use, and enhanced strength.

The booming construction industry, particularly in developing nations, is driving the global construction chemicals market growth. As urbanisation increases and economies grow, there is an escalating demand for infrastructure projects like residential buildings, commercial complexes, roads, bridges, and dams. This, in turn, fuels the demand for construction chemicals.

Additionally, the rising demand for high-quality, durable, and aesthetically pleasing structures is propelling the construction chemicals market expansion. In this context, construction chemicals play a vital role as they enhance the overall performance of the construction materials, increase the life expectancy of the structures, and provide better protection against environmental threats.

Innovative advancements in construction chemicals also contribute significantly to the construction chemicals market development. Manufacturers are continually developing new formulations and products that offer enhanced features like increased strength, durability, and resistance to environmental factors. These innovations not only cater to the evolving needs of the construction industry but also open up new avenues for the construction chemicals market.

The growing emphasis on sustainability and green building practices in the construction sector has led to a surge in the demand for environmentally friendly construction chemicals. Manufacturers are responding to this trend by developing products that minimise environmental impact, thus giving an impetus to the construction chemicals market growth.

Furthermore, stringent government regulations regarding the quality and safety of construction materials have made the use of construction chemicals indispensable. These chemicals ensure that the structures adhere to the required safety standards, thereby bolstering the construction chemicals market demand.

Market Segmentation

The market can be divided based on type, end use, and region.

Market Breakup by Type

• Concrete Admixtures
• Waterproofing and Roofing
• Repair and Rehabilitation
• Sealants and Adhesives
• Cement Grinding Aids
• Industrial Flooring
• Others

Market Breakup by End Use

• Industrial/Commercial
• Infrastructure
• Residential

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global construction chemicals companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Sika AG
• 3M Company
• Evonik Industries AG
• Mapei Construction Products India Pvt Ltd
• Fosroc, Inc.
• SWC Brother Company Limited.
• Flowcrete Group Ltd.
• Cera-Chem Pvt. Ltd.
• Chembond Chemicals Limited
• Holcim AG
• ACC Limited
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.