Construction Chemicals Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Construction Chemicals Market is segmented by Product Type (Concrete Admixture, Surface Treatment, Repair and Rehabilitation, Protective Coatings, Industrial Flooring, Waterproofing, Adhesives, Sealants, Grout and Anchor, and Cement Grinding Aids), End-user Industry (Commercial, Industrial, Infrastructure and Public Places, and Residential), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for construction chemicals in terms of revenue (USD million) for all the above segments.

Construction Chemicals Industry Overview

Construction Chemicals Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: > 5.5 %

Major Players

Construction Chemicals Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Construction Chemicals Market Analysis

The Construction Chemicals Market is projected to reach USD 76,503 million by the end of this year. It is projected to register a CAGR of around 5.5% in the current year.

  • The COVID-19 outbreak negatively impacted the market in 2020. With the COVID-19 pandemic's beginning, construction work stopped worldwide, especially in major construction hubs, like China, India, the United States, and European nations. The market is projected to grow steadily in the forecast period owing to global growth in the construction sector.
  • Over the short term, growing construction activities in the Asia-Pacific region, especially in Asian countries, and strengthening demand for water-based products are some of the factors driving the growth of the market studied.
  • Increasing environmental regulations regarding VOC emissions remains a constraint for the growth of the market studied.
  • Moreover, increasing focus on sustainable materials and upcoming construction projects in the United States will likely provide market growth opportunities.
  • Asia-Pacific has dominated the market and is expected to continue dominating it through the forecast period.

Construction Chemicals Industry Segments

Chemicals mixed with cement, concrete, and other construction materials to produce excellent construction materials are termed construction chemicals. The market is segmented based on product type, end-user industry, and geography. By product, the market is segmented into concrete admixtures and cement grinding aids, surface treatments, repair and rehabilitation, protective coatings, industrial flooring, waterproofing, adhesives and sealants, and grouts and anchors. By end-user industry, the market is segmented into commercial, industrial, infrastructure and public places, and residential. The report also covers the market size and forecasts for the construction chemicals market in 41 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD million).

Product Type
Concrete Admixture
Surface Treatment
Repair and Rehabilitation
Protective Coatings
Industrial Flooring
Waterproofing
Adhesive and Sealants
Grout and Anchor
Cement Grinding Aids
End-user Industry
Commercial
Office Space
Retails
Education Institutes
Hospitals
Hotels
Other Commercials
Industrial
Cement
Iron and Steel
Capital Goods
Automobile
Pharmaceutical
Paper
Petrochemical (Including Fertilizers)
Food and Beverage
Other Industrials
Infrastructure and Public Places
Roads and Bridges
Railways
Metros
Airports
Water
Energy
Government Buildings
Statues and Monuments
Residential
Elite Housing
Middle-class Housing
Low-cost Housing
Geography
Asia-Pacific
China (Including Taiwan)
India
Japan
Indonesia
Australia and New Zealand
South Korea
Thailand
Malaysia
Philippines
Bangladesh
Vietnam
Singapore
Sri Lanka
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Russia
Benelux
Turkey
Switzerland
Scandinavian Countries
Poland
Portugal
Spain
Rest of Europe
South America
Brazil
Argentina
Colombia
Chile
Rest of South America
Middle-East
Saudi Arabia
Qatar
United Arab Emirates
Kuwait
Egypt
Rest of Middle-East
Africa
South Africa
Nigeria
Algeria
Morocco
Rest of Africa

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Construction Chemicals Market Trends

This section covers the major market trends shaping the Construction Chemicals Market according to our research experts:

Increasing Demand from Residential segment

  • Elite class is synonymous with luxury, and elite housing refers to luxurious residences. The demand for apartments, penthouses, villas, and bungalows in gated communities with world-class designs and amenities is increasing rapidly, and developers are launching projects to cater to such demands.
  • Many residents have been showing huge interest in buying luxury homes globally for comfort, prestige, and privacy. Therefore, this has been increasing the number of elite housing projects worldwide.
  • The highest growth rate in this regard was expected to be registered in the Asia-Pacific region, owing to China's and India's expanding housing construction market. Asia-Pacific has the largest low-cost housing construction segment, which China, India, and various Southeast Asian countries lead.
  • The growing economic strength and high investments by the high-income category are expected to increase the demand for luxury homes in geographies of the United States, Canada, Germany, the United Kingdom, India, and Japan. Thus, it is likely to benefit the construction chemicals market.
  • In October 2021, Sao Paulo State Housing Union (Secovi-SP) recorded 5,555 new residential units sold in Sao Paulo. The number is more likely to rise owing to consumer spending on residential housing units. Moreover, the growing trend for single-family housing in Brazil is expected to support the residential construction industry in the upcoming period.
  • Therefore, based on the abovementioned factors, the residential segment is expected to dominate the market during the forecast period.
Construction Chemicals Market, Revenue CAGR (%), By End-User, Global, 2022-2027

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific construction sector is the largest in the world and is growing at a healthy rate, owing to the rising population, increase in middle-class incomes, and urbanization.
  • Increasing infrastructure construction activities and the entry of major players from the European Union into the lucrative market of China have further fueled the industry’s expansion.
  • In addition, many renovations have been taking place in China over the past 50 years, many buildings have been built, and they are facing severe damage now, and hence renovation of existing old building projects is very popular in the city and countryside as well as depicting a major marker area for construction chemicals.
  • In February 2022, Shining Building Business Co., a building construction company in Taiwan, planned to launch new housing projects worth NTD 30 billion (USD 1.08 billion) in Taiwan and China. The plan included projects valued at NTD 10.8 billion in Taiwan and NTD 19 million in Chengdu, China.
  • Moreover, the Indian Government has been actively boosting housing construction, aiming to provide homes to about 1.3 billion people. The country will likely witness around USD 1.3 trillion of investment in housing over the next seven years. It is also expected to see the construction of 60 million new homes in the country.
  • New petrochemical facilities development boosted the private sector demand, while industrial and building projects in the Punggol Digital District contributed to the public sector demand in Singapore. The infrastructure sector is also expected to post relatively healthy growth, mainly driven by the efforts to upgrade the country’s road, rail, and other public transport infrastructure and investment in energy and utilities construction projects. The Government had been planning to invest SGD 28 billion (USD 20.9 billion) in the expansion and upgrading of the transport system by 2022.
  • Hence, all such market trends are expected to drive the demand for construction chemicals in the region during the forecast period.
Construction Chemicals Market- Growth Rate by Region, 2022-2027

Construction Chemicals Market Competitor Analysis

The construction chemicals market is fragmented in nature. Some of the major players in the market include Sika AG, MBCC Group, RPM International Inc., MAPEI SpA, and Dow, among others.

Construction Chemicals Market Top Players

  1. MAPEI

  2. RPM International Inc.

  3. Sika AG

  4. Dow

  5. MBCC Group

*Disclaimer: Major Players sorted in no particular order

Construction Chemicals Market Concentration

Construction Chemicals Market Recent Developments

  • In February 2022, Sika established a new manufacturing facility in Tanzania, East Africa, and is already producing mortars as well as concrete admixtures locally. This investment will help the company in backward integration.
  • In January 2022, Holcim agreed to buy PRB Group, France's largest independent maker of specialty building solutions, for EUR 340 million (USD 395 million) in net sales in 2022 (estimated). PRB Group provides a wide range of high-performance building solutions, including coatings, insulation, adhesives, and flooring systems, as well as sophisticated energy efficiency and rehabilitation solutions.

Construction Chemicals Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rising Residential and Commercial Construction Activities in the Asia-Pacific Region

      2. 4.1.2 Strengthening Demand for Water-based Products

    2. 4.2 Restraints

      1. 4.2.1 Regulations for VOC Emissions and Inadequacy of Skilled Labor

      2. 4.2.2 Unfavorable Conditions Arising Due to the COVID-19 Impact

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Revenue in USD Million)

    1. 5.1 Product Type

      1. 5.1.1 Concrete Admixture

      2. 5.1.2 Surface Treatment

      3. 5.1.3 Repair and Rehabilitation

      4. 5.1.4 Protective Coatings

      5. 5.1.5 Industrial Flooring

      6. 5.1.6 Waterproofing

      7. 5.1.7 Adhesive and Sealants

      8. 5.1.8 Grout and Anchor

      9. 5.1.9 Cement Grinding Aids

    2. 5.2 End-user Industry

      1. 5.2.1 Commercial

        1. 5.2.1.1 Office Space

        2. 5.2.1.2 Retails

        3. 5.2.1.3 Education Institutes

        4. 5.2.1.4 Hospitals

        5. 5.2.1.5 Hotels

        6. 5.2.1.6 Other Commercials

      2. 5.2.2 Industrial

        1. 5.2.2.1 Cement

        2. 5.2.2.2 Iron and Steel

        3. 5.2.2.3 Capital Goods

        4. 5.2.2.4 Automobile

        5. 5.2.2.5 Pharmaceutical

        6. 5.2.2.6 Paper

        7. 5.2.2.7 Petrochemical (Including Fertilizers)

        8. 5.2.2.8 Food and Beverage

        9. 5.2.2.9 Other Industrials

      3. 5.2.3 Infrastructure and Public Places

        1. 5.2.3.1 Roads and Bridges

        2. 5.2.3.2 Railways

        3. 5.2.3.3 Metros

        4. 5.2.3.4 Airports

        5. 5.2.3.5 Water

        6. 5.2.3.6 Energy

        7. 5.2.3.7 Government Buildings

        8. 5.2.3.8 Statues and Monuments

      4. 5.2.4 Residential

        1. 5.2.4.1 Elite Housing

        2. 5.2.4.2 Middle-class Housing

        3. 5.2.4.3 Low-cost Housing

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China (Including Taiwan)

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 Indonesia

        5. 5.3.1.5 Australia and New Zealand

        6. 5.3.1.6 South Korea

        7. 5.3.1.7 Thailand

        8. 5.3.1.8 Malaysia

        9. 5.3.1.9 Philippines

        10. 5.3.1.10 Bangladesh

        11. 5.3.1.11 Vietnam

        12. 5.3.1.12 Singapore

        13. 5.3.1.13 Sri Lanka

        14. 5.3.1.14 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Russia

        6. 5.3.3.6 Benelux

        7. 5.3.3.7 Turkey

        8. 5.3.3.8 Switzerland

        9. 5.3.3.9 Scandinavian Countries

        10. 5.3.3.10 Poland

        11. 5.3.3.11 Portugal

        12. 5.3.3.12 Spain

        13. 5.3.3.13 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Colombia

        4. 5.3.4.4 Chile

        5. 5.3.4.5 Rest of South America

      5. 5.3.5 Middle-East

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 Qatar

        3. 5.3.5.3 United Arab Emirates

        4. 5.3.5.4 Kuwait

        5. 5.3.5.5 Egypt

        6. 5.3.5.6 Rest of Middle-East

      6. 5.3.6 Africa

        1. 5.3.6.1 South Africa

        2. 5.3.6.2 Nigeria

        3. 5.3.6.3 Algeria

        4. 5.3.6.4 Morocco

        5. 5.3.6.5 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles (Overview, Financials, Products and Services, and Recent Developments)

      1. 6.4.1 3M

      2. 6.4.2 Arkema Group

      3. 6.4.3 Ashland

      4. 6.4.4 MBCC Group (BASF SE)

      5. 6.4.5 Bolton Group

      6. 6.4.6 Cementaid International Ltd

      7. 6.4.7 CHRYSO GROUP

      8. 6.4.8 CICO Group

      9. 6.4.9 Conmix Ltd

      10. 6.4.10 Dow

      11. 6.4.11 Fosroc Inc.

      12. 6.4.12 Franklin International

      13. 6.4.13 GCP Applied Technologies Inc.

      14. 6.4.14 Henkel AG & Co. KGaA

      15. 6.4.15 LafargeHolcim

      16. 6.4.16 MAPEI S.p.A

      17. 6.4.17 MUHU (China) Construction Materials Co. Ltd

      18. 6.4.18 Nouryon

      19. 6.4.19 Pidilite Industries Ltd

      20. 6.4.20 RPM International Inc.

      21. 6.4.21 Selena Group

      22. 6.4.22 Sika AG

      23. 6.4.23 Thermax Limited

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Upcoming Construction Projects in the United States

    2. 7.2 Increasing Focus on Sustainable Materials

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Construction Chemicals Market Research FAQs

The Construction Chemicals Market is studied from 2018 - 2028.

The Construction Chemicals Market is growing at a CAGR of >5.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

Asia Pacific holds highest share in 2021.

MAPEI, RPM International Inc., Sika AG, Dow, MBCC Group are the major companies operating in Construction Chemicals Market.

Construction Chemicals Industry Reports

In-depth industry statistics and market share insights of the Construction Chemicals sector for 2020, 2021, and 2022. The Construction Chemicals research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Construction Chemicals report PDF.

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