Market Size of construction chemicals Industry
| Icons | Lable | Value |
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Study Period | 2018 - 2030 |
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Market Size (2024) | USD 90.51 Billion |
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Market Size (2030) | USD 130.52 Billion |
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Largest Share by End Use Sector | Industrial and Institutional |
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CAGR (2024 - 2030) | 6.29 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Construction Chemicals Market Analysis
The Construction Chemicals Market size is estimated at 90.51 billion USD in 2024, and is expected to reach 130.52 billion USD by 2030, growing at a CAGR of 6.29% during the forecast period (2024-2030).
90.51 Billion
Market Size in 2024 (USD)
130.52 Billion
Market Size in 2030 (USD)
4.81 %
CAGR (2018-2023)
6.29 %
CAGR (2024-2030)
Largest Market by Product
28.46 %
value share, Waterproofing Solutions, 2023
Waterproofing solutions hold the largest share due to widespread applications of waterproofing, such as roofings, walls, basements, water tank linings, bridge decks, etc., from the industrial and commercial sectors.
Largest Market by End Use Sector
34.74 %
value share, Industrial and Institutional, 2023
Due to the high demand for waterproofing solutions, flooring resins, concrete admixtures, etc., from the chemical, pharmaceutical, and food industries, the industrial and institutional sectors hold the largest share.
Largest Market by Region
43.01 %
value share, Asia-Pacific, 2023
With the rapid growth in industrialization and urbanization driving the demand for construction chemicals, Asia-Pacific dominated the market.
Fastest Market by Region
7.10 %
Projected CAGR, Asia-Pacific, 2024-2030
Asia-Pacific is expected to witness the fastest growth due to growing investments in infrastructure projects, government initiatives, fast-paced urbanization, and industrialization.
Leading Company
9.91 %
market share, Sika AG, 2022
The company's broad range of high-quality products, well-established network, robust supply chain, and strategic expansions and acquisitions in the construction industry make it a major player in the market.
Government investments and policies for the housing sector in leading economies are expected to drive the demand for construction chemicals
- Construction chemicals refer to chemical formulations used in conjunction with cement, concrete, or other construction materials. In 2022, the global consumption value of construction chemicals witnessed a growth of approximately 4.37%, and it was expected to register an annual growth rate of 5.57% in 2023. This surge can be attributed to the increased demand from the industrial & institutional and residential construction sectors.
- The industrial & institutional sector emerged as the largest consumer of construction chemicals in 2022, accounting for about 34.8% of the global consumption. Investments in healthcare, education, and industrial infrastructure are poised to bolster this sector's growth. Additionally, the global trends of urbanization and industrialization are acting as catalysts for the market's expansion. The sector's new floor area was projected to reach around 9 billion sq. ft in 2023, and it is expected to reach an estimated 11 billion sq. ft by 2030. Consequently, the demand for construction chemicals in the industrial & institutional sector is projected to witness a USD 14 billion increase from 2023 to 2030.
- The residential sector is expected to be the fastest-growing consumer of construction chemicals, recording the highest CAGR of 6.90% during the forecast period. This surge can be attributed to sustained housing demand, increasing investments, and supportive government policies. For instance, the Government of Indonesia (GOI) has set a target to construct 1 million housing units by 2025, with the country's housing requirements projected to reach 30 million units. Globally, the new floor area in the residential sector is anticipated to witness a CAGR of 3.81% during the forecast period, further fueling the demand for construction chemicals.
Understand The Key Trends Shaping This Market
Leading countries in Asia-Pacific, such as India, Brazil, Indonesia, and Vietnam, are likely to boost the global demand for construction chemicals
- Construction chemicals, including concrete admixtures, waterproofing solutions, anchors & grouts, flooring resins, and others, play a pivotal role in enhancing the functionality of buildings and structures. The global construction chemicals market witnessed a growth of approximately 4.37% in 2022, with Asia-Pacific and Europe having the highest growth of 42.8% and 25.3%, respectively. Construction chemicals globally were estimated to grow by 5.57% in 2023 compared to 2022.
- By 2023, Asia-Pacific was the largest consumer of construction chemicals, accounting for a 43.0% share of the global market. Construction activities continued to increase in line with the growing demand for housing units and rising investments in the industrial and institutional sector. For instance, the industrial and institutional floor area was set to reach 4.59 billion square feet in 2023; it is expected to further increase to 5.76 billion square feet by 2030. As a result, the region's construction chemicals market is expected to grow 62.2% by 2030 compared to 2023.
- Asia-Pacific is expected to be the fastest-growing consumer of construction chemicals, recording the highest CAGR of 7.15% during the forecast period. This growth is expected to be driven by the region's residential sector. For instance, by 2030, it is anticipated that over 40% of India's population will reside in urban areas, creating a demand for approximately 25 million affordable housing units. The residential floor area in the region is expected to witness a significant surge, adding 4.23 billion sq. ft by 2030 compared to 2023. Consequently, the construction chemicals market in the region is projected to witness a substantial increase of USD 496 million by 2030.
