Market Size of europe construction chemicals Industry
Icons | Lable | Value |
---|---|---|
Study Period | 2018 - 2030 | |
Market Size (2024) | USD 22.40 Billion | |
Market Size (2030) | USD 31.07 Billion | |
Largest Share by End Use Sector | Industrial and Institutional | |
CAGR (2024 - 2030) | 5.60 % | |
Largest Share by Country | Germany | |
Major Players |
||
|
||
*Disclaimer: Major Players sorted in no particular order |
Europe Construction Chemicals Market Analysis
The Europe Construction Chemicals Market size is estimated at 22.40 billion USD in 2024, and is expected to reach 31.07 billion USD by 2030, growing at a CAGR of 5.60% during the forecast period (2024-2030).
22.40 Billion
Market Size in 2024 (USD)
31.07 Billion
Market Size in 2030 (USD)
4.93 %
CAGR (2018-2023)
5.60 %
CAGR (2024-2030)
Largest Market by Product
24.62 %
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
35.26 %
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 in the region, the industrial and institutional sectors held the largest share.
Largest Market by Country
17.20 %
value share, Germany, 2023
The country has dominated the market with the increasing demand for construction chemicals in the industrial and commercial construction sectors, coupled with urban infrastructure developments.
Fastest Market by Country
6.26 %
Projected CAGR, Italy, 2024-2030
Growing industrial and infrastructural construction activities, such as rising office buildings in Rome and Milan, Italy, are likely to support the growth in demand during the forecast period.
Leading Company
18.38 %
market share, Saint-Gobain, 2022
Saint Gobain has dominated the market due to the company's broad range of high-quality products, a well-established network, and strategic expansions and acquisitions during the last few years.
Increase in investments for constructions in the industrial and commercial sectors to drive the demand for construction chemicals
- By 2023, Europe was expected to hold a significant share, amounting to approximately 24.99% of the global construction chemicals market. In 2022, the construction chemicals market in Europe saw a 6.15% growth in value, driven primarily by rising demand from the commercial and industrial & institutional construction sectors.
- Accounting for a share of about 35.55% in 2022, the industrial and institutional construction sector emerged as the largest consumer of construction chemicals in the regional market. The sector's projected new floor area is set to rise and reach 245 million sq. ft by 2030 compared to 2023. This surge is attributed to increased investments in industrial, education, and healthcare construction across European countries. The region's construction chemicals market for the industrial and institutional sector is forecast to grow from USD 7.48 billion in 2023 to USD 10.44 billion in 2030, driven by factors like urbanization and industrialization.
- The commercial construction sector in the region is poised to be the fastest-growing consumer of construction chemicals, with a projected CAGR of 6.10% during the forecast period. The region's expanding economy is fueling demand for commercial properties, including offices, hotels, and retail malls. The sector's new floor area is anticipated to rise by 394 million sq. ft by 2030 compared to 2023. Driven by such developments, the European construction chemicals market for this sector is expected to witness a USD 2.36 billion increase from 2023 to 2030.
Construction chemicals are expected to witness high demand in Italy due to rising investments in industrial construction
- Construction Chemicals, including concrete admixtures, waterproofing solutions, adhesives & sealants, anchors & grouts, and flooring resins, enhance the functionality of buildings and structures. In 2022, the value of Europe's construction chemicals market grew by 6.15% from the previous year. The European Union (EU) allocated USD 1555 billion to construction projects in 2022, contributing to the EU's construction-driven GDP of USD 15375 billion, a 3.5% increase from 2021. These investments bolstered the construction sector and fueled the demand for construction chemicals. The construction chemicals market was projected to grow by 4.44% in value in 2023, building on the momentum of the previous year.
- Germany dominated the construction chemicals market in 2022, capturing a 17% market share by value. The country's construction sector attracted investments of USD 520 billion, primarily directed toward residential, civil engineering, and non-residential projects. As construction activities surged, the demand for construction chemicals followed suit, resulting in a market worth USD 3.5 billion in 2022. This market was anticipated to grow by 3.65% in value in 2023.
- Italy is poised to witness the highest compound annual growth rate (CAGR) of 6.21% in the construction chemicals market. This growth is largely driven by the industrial construction segment. In line with Europe's climate goals of achieving zero emissions by 2050, companies like Repsol have committed to investing USD 550 million in renewable energy projects in Italy. Consequently, the projected new floor area for industrial construction in Italy is set to increase by 15.9 million square feet by 2030 compared to 2022, signaling a rising demand for construction chemicals.