Construction Chemicals Market: Segmented By Type (Concrete Admixture and Cement Grinding Aids, Surface Treatment, Repair and Rehabilitation, Protective Coatings, Industrial Flooring, Waterproofing, Adhesive and Sealants, and Grout and Anchor), By End-use (Residential, Industrial/Commercial, Infrastructure, And Repair Structures And Others), And Region - Global Analysis Of Market Size, Share & Trends For 2019-2020 And Forecasts To 2031
[ 178 + Pages Research Report ] Construction Chemicals Market to surpass USD 91.8 billion by 2031 from USD 50.4 billion in 2021 at a CAGR of 6.16% in the coming years, i.e., 2021-31.
Construction chemicals are the chemical compounds used to modify the features of the construction materials. These chemicals decrease the amount of water used in construction. They play a vital role in improving the total performance of building and non-building structures. These chemicals can be characterized into different product segments including concrete admixtures, construction adhesives, construction sealants, protecting coatings, and waterproofing chemicals.
Global Construction Chemicals Market is expected to project a notable CAGR of 6.16% in 2031.
The construction chemicals market observed high growth in the past few years which is projected to increase in the forecast years. This growth is largely driven by the growth of the construction industry, technological advancements, and rising demand in the Asia-Pacific region.
Concrete Admixture segment to grow with the highest CAGR during 2021-31
Global Construction Chemicals market is classified on the basis of Type into Concrete Admixture and Cement Grinding Aids, Surface Treatment, Repair and Rehabilitation, Protective Coatings, Industrial Flooring, Waterproofing, Adhesive and Sealants, and Grout and Anchor. The concrete Admixture segment dominates the market share globally. Concrete admixtures are elements that are added to the concrete mixture before or during mixing. Concrete admixtures decrease concrete construction costs by changing the features of hardened concrete, thereby confirming better quality during mixing, transporting, placing, and curing. This enables users to overcome crises during concrete operations.
Infrastructure segment to grow with the highest CAGR during 2021-31
Based on End-use, global Construction Chemicals Market is fragmented into Residential, Industrial/Commercial, Infrastructure, Repair Structures, and Others. Infrastructure segment dominates the market share globally. Infrastructure is crucial to any economy, particularly emerging markets, as their development rate is high. Construction chemicals are widely used in Infrastructure, due to the increase in demand for housing and domiciliary buildings in urban areas.
Changing dynamics of construction industries
The increasing construction industry in developing country is predictable to support the growth of the construction chemicals market, mainly boosted by growing new construction and repair & rehabilitation sectors. The demand has also amplified the consumption rate of cement, which in turn, have caused a large demand for several construction chemicals.
Many developing markets are experiencing a high trend of urbanization due to increased migration in rapidly developing cities. Rise in disposable income of consumers and improved standard of living shall fuel the overall market demand. All these factors will amplify the market demand globally.
Construction chemicals are used during building activities that may lead to VOC which are harmful and can cause common health problems such as skin irritation, asthma, nausea, and many others. Government regulation on overuse of construction chemicals due to VOC emission hamper the growth of the market.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Construction Chemicals market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific dominates the Construction Chemicals market. The Asia-Pacific construction sector is the chief in the world and is rising at a healthy rate, due to the rising population, increase in middle-class salary, and urbanization. Increasing infrastructure construction events and the entry of major players from the European Union into the profitable market of China have further boosted the industry's expansion.
Global Construction Chemicals is further segmented by region into:
Construction Chemicals Segments:
|Market size value in 2021||USD 50.4 billion|
|Revenue forecast in 2031||USD 91.8 billion|
|Growth Rate||CAGR of 6.16% from 2021 to 2031|
|Base year for estimation||2020|
|Quantitative units||Revenue in USD million and CAGR from 2021 to 2030|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Type, End-use, and Region|
|Regional scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)|
|Key companies profiled||3M, Arkema, Ashland, BASF SE, Bolton Group, Cemetaid (N.S.W.) Pty Ltd, Chryso SAS, CICO Group, Conmix Ltd, Dow, Fosroc Inc., Franklin International, GCP Applied Technologies Inc., Henkel AG & Co. KGaA, LafargeHolcim, MAPEI, MUHU (China) Construction Materials Co., Ltd., Nouryon, Pidilite Industries Ltd., RPM International Inc., Grupa Selena, Sika AG, Thermax Limited and Other Prominent Players|
The Construction Chemicals Market size was estimated at USD 50.4 billion in 2021 and is expected to reach 91.8 billion by 2031.
Key players: 3M, Arkema, Ashland, BASF SE, Bolton Group, Cemetaid (N.S.W.) Pty Ltd, Chryso SAS, CICO Group, Conmix Ltd, Dow, Fosroc Inc., Franklin International, GCP Applied Technologies Inc., Henkel AG & Co. KGaA, LafargeHolcim, MAPEI, MUHU (China) Construction Materials Co., Ltd., Nouryon, Pidilite Industries Ltd., RPM International Inc., Grupa Selena, Sika AG, Thermax Limited and Other Prominent Players
Concrete Admixture segment and Infrastructure segment are anticipated to hold the largest Construction Chemicals Market.
Drivers: Changing dynamics of construction industries and Growing urbanization
Construction chemicals are the chemical compounds used to modify the features of the construction materials. These chemicals decrease the amount of water used in construction. They play a vital role in improving the total performance of a building and non-building structures.
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