According to Facts and Factors Market Research, the global Construction Chemicals market in 2019 was approximately USD 37 Billion. The market is expected to grow at a CAGR of 7.5% and is anticipated to reach around USD 62 Billion by 2026.
Construction chemicals are specialty materials that are critical for sustainable buildings and energy conservation, increase the longevity of buildings and further enhance environmental hazards. Construction chemicals are chemical compounds used to change the properties of construction materials. Such chemicals reduce the water consumption of buildings. They have an important role to play in improving general construction and non-construction efficiency. Such chemicals can be divided into different product categories, including concrete products, building sticks, screens, and protective coatings. Polymers are the primary raw materials used in almost every chemical building formulation. The chemical manufacturer, the retailer of industrial construction materials and the end-user are always working together to produce the right product.
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Top Market Players
- Arkema Group
- BASF SE
- Bolton Group
- Cemetaid (N.S.W.) Pty Ltd
- Chryso SAS
- CICO Group
- Conmix Ltd
- Fosroc Inc.
- Franklin International
- GCP Applied Technologies Inc.
- Henkel AG & Co. KGaA
- MAPEI SpA
- MUHU Construction Materials Co. Ltd
- RPM International Inc.
- Sika AG
- Thermax Global
Infrastructure is the most lucrative chemical building market in the world. Despite the development and urban planning that drives the need for sustainable infrastructure and environmentally friendly goods, this is the first choice for new entrants. Likewise, chemical products, such as concrete mixtures, help to minimize the amount of cement and water normally required during construction. Construction chemicals are needed to meet the needs of the growing world population and of the urbanization in question. Increasing demands for earthquake-resistant structures around the Asia Pacific Fire Ring and North and Latin America’s East Coast as well as Europe’s and Asia Pacific’s Alpide Belt would boost market demand for robust and weather-resistant structures and infrastructures.
On the basis of Product, concrete admixture dominated the market in 2019, the concrete admixtures are components added to the concrete blend before or during the blending. This segment is forecasted to witness significant growth over the forecast period owing to its properties such as changing the characteristics of hardened concrete, thus improving its performance during the process of mixing, healing, carrying, etc.
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Based on the end-user, the residential segment held the leading market share in 2019 for the global construction chemical industry. This segment is projected to grow over the forecast period owing to the rising demand for residential housing in rural as well as urban areas.
The building chemical industry is powered solely by multinational construction and infrastructure development operations worldwide. The fast-growing Asia-Pacific construction industry, led by China and India, will have a significant impact on product demand during the forecast period. The growing demand for earthquake-resistant structures around the Asia Pacific Fire Ring and the East Coast of North and Latin America, along with Europe and the Asia Pacific Alpine Belt, is increasing the market demand for more weather-proof structures and installations.
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The Construction Chemicals market research report delivers an acute valuation and taxonomy of the Construction Chemicals industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Construction Chemicals industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Construction Chemicals industry is provided for the leading economies of the world.
By region, Asia Pacific held the majority of shares in 2019, and this segment is anticipated to bolster even more throughout the forecast period. The growth of this segment is primarily attributable to the rising population in this region combined with increasing income, and urbanization.
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This report segments the Construction chemicals market as follows:
Global Construction chemicals Market: By Type Segmentation Analysis
- Concrete Admixture
- Concrete adhesives
- Concrete sealants
Global Construction chemicals Market: By Application Segmentation Analysis
- Non-residential & infrastructure
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