Construction chemicals include concrete admixtures, waterproofing chemicals, protective coatings, adhesives, sealants, repair, and rehabilitation chemicals that are used in applications such as commercial and residential repair, remodel, and new constructions. Some key products are concrete admixtures, waterproofing chemicals, protective coatings, adhesives, and sealants. Concrete admixtures are substances that are added to concrete during the mixing process, which help achieve special physical and chemical properties. Waterproofing chemicals are used to make structures and materials resistant to water penetration. Protective coatings are applied to surfaces to protect them from damage or contamination over their service life. Adhesives are used for bonding and sealing. Sealants are chemical mixtures that fill gaps and prevent the intrusion of water and other substances.
The global construction chemicals Market is estimated to be valued at US$ 91.95 Mn in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The construction chemicals Market is expected to be flourished by growing demand for infrastructure development. Rapid urbanization and increasing constructional activities are expected to drive the construction chemicals market growth over the forecast period. Construction industry is becoming high revenue generating sector worldwide which is supporting the market growth. Furthermore, recovery in residential housing projects along with government investment plans to upgrade healthcare facilities, transport networks and energy infrastructure in developed and emerging economies are also propelling the market growth. However, stringent environmental regulations for certain chemicals may hamper the market growth.
Segment Analysis
The construction chemicals market can be segmented into concrete admixtures, waterproofing chemicals, protective coatings, adhesives and sealants. Among these, the concrete admixtures segment dominates the market and accounts for over 35% share of the total market. Concrete admixtures are extensively used in ready-mix concrete and precast concrete which find wide applications in construction projects across commercial, industrial, and residential sectors. The growing construction activities along with the increased demand for advanced concrete admixtures to enhance strength, workability and durability of concrete works are propelling the growth of this segment.
PEST Analysis
Political: Growth in construction industry supported by government initiatives for infrastructure development and increased public & private investments.
Economic: Growth in GDP, rising disposable incomes and rapid urbanization driving the demand for residential and commercial construction.
Social: Improved living standards and changing consumer preferences fueling the demand for modern houses and commercial structures.
Technological: Advancements in concrete admixture technologies helping produce sustainable concrete with higher strength and quality. Use of bio-based and self-healing construction chemicals gaining traction.
Key Takeaways
The Global Construction Chemicals Market Growth is expected to witness high supported by rapid infrastructural development across major economies. The global construction chemicals Market is estimated to be valued at US$ 91.95 Mn in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024 to 2031.
The Asia Pacific region dominates the global construction chemicals market currently, accounting for over 40% share of the total market revenue. China and India represent the fastest growing construction chemicals markets in the region driven by robust growth in residential and infrastructure construction sectors. Major global players are focusing on expanding their regional footprint through organic and inorganic growth strategies to tap the opportunities in these high growth regional markets.
Key players operating in the construction chemicals market are 3M Company, Dentsply Sirona, Danaher Corporation, Mitsui Chemicals, Inc., Institut Straumann AG, Septodont Holding, Ivoclar Vivadent AG, Coltene Holding AG, GC Corporation, and Zimmer Biomet Holdings, Inc. 3M Company and Sika AG hold significant market shares globally in the construction chemicals space.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
