Construction Chemicals Market Share, Size, Trends, Industry Analysis Report, By Product (Concrete Admixture, Construction Adhesives, Construction Sealant, Protective Coatings) By Application (Residential, Non-Residential) And Segment Forecast, 2023-2032

Construction Chemicals Market Share, Size, Trends, Industry Analysis Report, By Product (Concrete Admixture, Construction Adhesives, Construction Sealant, Protective Coatings) By Application (Residential, Non-Residential) And Segment Forecast, 2023-2032

The global construction chemicals market size and share projected to hit USD 126.50 billion by 2032, according to a research report published by Polaris Market Research.

The report “Construction Chemicals Market Share, Size, Trends, Industry Analysis Report, By Product (Concrete Admixture, Construction Adhesives, Construction Sealant, Protective Coatings) By Application (Residential, Non-Residential) And Segment Forecast, 2024-32” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The [110+ Pages] research report on report “Construction Chemicals Market Share, Size, Trends, Industry Analysis Report, By Product (Concrete Admixture, Construction Adhesives, Construction Sealant, Protective Coatings) By Application (Residential, Non-Residential) And Segment Forecast, 2023-32” offers an in-depth examination of the present market dynamics while delivering an analysis of anticipated future market expansion.

Increasing urbanization and a slew of infrastructure projects are driving market growth. Construction chemicals encompass a group of chemical compounds employed to alter the properties of construction materials. They are instrumental in reducing water usage during construction and significantly enhance the performance of both buildings and non-building structures.

Polymers are a crucial category of raw materials present in virtually every construction chemical formulation. Often, chemical producers, construction chemical manufacturers, and end-users collaborate closely to create the desired product formulations. Notably, many prominent players in this market allocate approximately 3% of their annual total expenditure towards research and development activities.

Construction chemicals find application not only in the construction of new buildings but also in the repair and restoration of older structures. These chemicals serve the purpose of reducing both water and cement content in concrete while introducing essential chemical properties like cross-linking. These chemical enhancements contribute to heightened mortar strength, bolstering the structural integrity of the construction material.

The National Infrastructure Plan (NIP) sets an ambitious goal of allocating 111 lakh crores for the period between 2020 and 2025. This plan emphasizes a reliance on public funds to shoulder a significant portion of the financial burden. However, the availability of public funds has been constrained by the economic impact of the pandemic, particularly in the fiscal years 2021 and 2022, where significant resources have been directed toward vaccination efforts and healthcare and social expenditures.

China holds the title of the largest regional market for construction chemicals. The building and construction sector within China has exhibited remarkable annual growth, hovering around a rate of approximately 16.2%. Forecasts indicate that the non-residential building segment is poised to emerge as the largest within the construction market. Rapid urbanization stands out as a primary catalyst behind the robust expansion of the construction industry in China.

The Chinese government introduced the ""New Style Urbanization Plan,"" with the objective of establishing environmentally friendly, intelligent, and culturally enriched cities. Additionally, collaborative efforts such as the EU-China partnership and various agreements focused on urban development have played pivotal roles in advancing China's construction sector.

Construction Chemicals Industry: Key Report Takeaways

Residential segment dominated the market, owing to rise in income levels, growing population in emerging nations, and low housing schemes to increase affordability

Concrete ad-mixtures will dominate the market, as this primarily require during construction purposes

APAC will show substantial growth, primarily due to huge growth opportunities, increasing expenditure on home purchase, and government sponsored key construction projects

The market key market players include Sika, Chembond Chemicals, RPM International, Cera-Chem Private, MAPEI Corp., Fosroc International, Bostik, and H.B. Fuller

Polaris Market Research has segmented the construction chemicals market report based on product, end use, and region:

Construction Chemicals Market by Product Outlook (Revenue - USD Billion, 2019 - 2032)

Concrete Admixtures

Concrete Adhesives

Concrete Sealants

Protective Coatings

Construction Chemicals Industry by End Use Outlook (Revenue - USD Billion, 2019 - 2032)

Residential

Non-residential & Infrastructure

Construction Chemicals Market Analysis by Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa