Construction Chemicals Market - Segmented by Product Type (Concrete Admixture, Surface Treatments, Repair and Rehabilitation, Protective Coatings, Industrial Flooring, Water Proofing, Adhesives, Sealants, Grouts and Anchors, Cement Grinding Aids), End-user Industry, and Geography - Growth, Trends and Forecasts (2019 - 2024)

PUBLISHED

OCT 2018

Construction Chemicals Market - Segmented by Product Type (Concrete Admixture, Surface Treatments, Repair and Rehabilitation, Protective Coatings, Industrial Flooring, Water Proofing, Adhesives, Sealants, Grouts and Anchors, Cement Grinding Aids), End-user Industry, and Geography - Growth, Trends and Forecasts (2019 - 2024)

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The global construction chemicals market is expected to be valued at USD 43,873.68 million in 2018 and is anticipated to reach USD 59,350.07 million by 2023, at an estimated CAGR of 6.23% over the forecast period, 2018-2023. Increasing demand from construction in various countries of Asia-Pacific is driving the demand for construction chemicals market. However, shortage of skilled labor across the industry is set to stunt the growth of the market during the forecast period.

Increasing Construction Activities in Asia-Pacific

Rapid increase in population in regions of China and India is expected to give a rise in construction activity. The key areas of expected growth are social infrastructure, schools, hospitals, government accommodation, water, defense infrastructure, and water resources. In Asia, infrastructure accounted for 37%, residential for 34% and non-residential for 29% share of the construction spending. Singapore has mandated elements of prefabricated, pre-finished, and volumetric construction (PPVC) for all projects on government land. The government backs this with subsidies for companies that participate with the aim of increasing and standardizing modern methods of construction (MMC) in the country. All such factors are increasing the demand for construction chemicals in the Asia-pacific region.

Concrete Admixture – A Huge Market Potential

Concrete admixtures reduce concrete construction cost by modifying the properties of hardened concrete, thereby ensuring better quality during mixing, transporting, placing, and curing. This allows users to overcome emergencies during concrete operations. Asia-Pacific has the largest market for concrete admixture, owing to the massive growth in construction in India, China, and various Southeast Asian countries. Various incentives by the governments of the respective countries to promote the infrastructure sector, coupled with the booming residential sector (owing to the burgeoning middle-class population), have largely facilitated the growth of the construction sector in Asia-Pacific over the recent years. Sika AG opened a new concrete admixture production plant in 2017 in Addis Ababa, Ethiopia, and a motor factory near Athens, Greece.

Asia-Pacific 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, the increase in middle-class incomes, and urbanization. Increasing infrastructure construction activities and the entry of major players from the EU into the lucrative market of China has further fueled the industry’s expansion. Huge consumer base and cheaper manufacturing costs in the Asia-Pacific region are drawing in high FDIs, with India and China being the major beneficiaries. In the FY2016-17, India had a total FDI investment of USD 60.08 billion, which was 8% higher than the previous year, with large investments in real estate and infrastructure. Construction activities have been growing in Asia-Pacific. This, in turn, is driving the demand for construction chemicals in the region.

The major players include – W.R. Grace & Co., Mapei Inc., Henkel AG & Company KGaA, RPM International Inc., Sika AG, etc., among others.

Construction Chemicals Market Report Summary

Metrics

Details

Industry

Construction Chemicals Market

Study Period

(2015 – 2023)

Regions Covered

North America, South America, Asia-Pacific, Europe and Middle East & Africa

Companies Covered

3M Company, Henkel AG & Company KGaA, Pidilite Industries, Sika AG, Thermax Global,  RPM International Inc., etc. among others

Report Coverage

Report offers latest trends, growth prospects, industry competitiveness, major players, value chain, regional & country market analysis, and forecast to 2023

 

Reasons to Purchase This Report

  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis

  • The product type that is expected to dominate the market

  • Region that is expected to witness the fastest growth during the forecast period

  • Identify the latest developments, market share, and strategies employed by the major market players.

  • 3 months analyst support along with the Market Estimate sheet (in Excel)

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1. Introduction

     1.1 Scope of the Report

     1.2 Study Assumptions

     1.3 Study Deliverables

     1.4 Research Phases

2. Executive Summary

3. Construction Chemicals Market Insights

                3.1 Industry Value-Chain Analysis

                3.2 Industry Attractiveness – Porter’s Five Forces Analysis

                                3.2.1 Bargaining Power of Suppliers

                                3.2.2 Bargaining Power of Consumers

                                3.2.3 Threat of New Entrants

                                3.2.4 Threat of Substitute Products and Services

                                3.2.5 Degree of Competition

                3.3 Regulations & Policies

4. Construction Chemicals Market Dynamics

                4.1 Construction Chemicals Market Drivers

                                4.1.1 Increasing Construction Activities in Asia-Pacific

                                4.1.2 Other Drivers

                4.2 Construction Chemicals Market Restraints

                                4.2.1 Sluggish Economic Growth in the European Construction Sector

                                4.2.2 Lack of Skilled Labor

                4.3 Construction Chemicals Market Opportunity

                                4.3.1 Removal of Trade Barriers among ASEAN Countries

                                4.3.2 Increasing Investments in Canada's Residential Sector

                                4.3.3 Increasing Investments in Mexico's Construction Sector

5. Market Segmentation and Analysis (Market Size, Share and Forecast)

                5.1 Construction Chemicals Market by Product Type

                                5.1.1 Concrete Admixture

                                5.1.2 Surface Treatments

                                5.1.3 Repair and Rehabilitation

                                5.1.4 Protective Coatings

                                5.1.5 Industrial Flooring

                                5.1.6 Water Proofing

                                5.1.7 Adhesives

                                5.1.8 Sealants

                                5.1.9 Grouts and Anchors

                                5.1.10 Cement Grinding Aids

                5.2 Construction Chemicals Market by End-User Industry

                                5.2.1 Commercial

                                                5.2.1.1 Office Space

                                                5.2.1.2 Retails

                                                5.2.1.3 Education Institutes

                                                5.2.1.4 Hospitals

                                                5.2.1.5 Hotels

                                                5.2.1.6 Others

                                5.2.2 Industrial

                                                5.2.2.1 Cement

                                                5.2.2.2 Iron and Steel

                                                5.2.2.3 Capital Goods

                                                5.2.2.4 Automobile

                                                5.2.2.5 Pharmaceutical

                                                5.2.2.6 Paper

                                                5.2.2.7 Petrochemical (including Fertilizers)

                                                5.2.2.8 Food & Beverages

                                                5.2.2.9 Others

                                5.2.3 Infrastructure

                                                5.2.3.1 Roads and Bridges

                                                5.2.3.2 Railways

                                                5.2.3.3 Metros

                                                5.2.3.4 Airports

                                                5.2.3.5 Water

                                                5.2.3.6 Energy

                                5.2.4 Residential

                                                5.2.4.1 Elite Housing

                                                5.2.4.2 Middle-class Housing

                                                5.2.4.3 Low-cost Housing

                                5.2.5 Public Space

                                                5.2.5.1 Government Buildings

                                                5.2.5.2 Statues and Monuments

6. Regional Market Analysis (Market Size, Share and Forecast)

                6.1 Asia-Pacific 

                                6.1.1 China 

                                6.1.2 India 

                                6.1.3 Japan 

                                6.1.4 South

                                6.1.5 ASEAN Countries 

                                6.1.6 Rest of Asia-Pacific

                6.2 North America 

                                6.2.1 United States 

                                6.2.2 Canada 

                                6.2.3 Mexico 

                                6.2.4 Rest of North America

                6.3 Europe 

                                6.3.1 Germany 

                                6.3.2 United Kingdom 

                                6.3.3 Italy 

                                6.3.4 France 

                                6.3.5 Spain 

                                6.3.6 Nordic Countries 

                                6.3.7 Turkey 

                                6.3.8 Rest of Europe

                6.4 South America 

                                6.4.1 Brazil 

                                6.4.2 Argentina 

                                6.4.3 Colombia 

                                6.4.4 Rest of South America

                6.5 Middle-East & Africa 

                                6.5.1 Saudi Arabia 

                                6.5.2 Qatar 

                                6.5.3 UAE 

                                6.5.4 South Africa 

                                6.5.5 Rest of Middle East & Africa

7. Construction Chemicals Market Future

8. Competitive Landscape

                8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

                8.2 Market Share Analysis

                8.3 Strategies Adopted by Leading Players

9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)

                9.1 3M Company

                9.2 Adco

                9.3 Albemarle Corporation

                9.4 Arkema SA

                9.5 Ashland Inc.

                9.6 BASF SE

                9.7 Bolton Group

                9.8 Cemetaid (N.S.W.) Pty. Ltd.

                9.9 CHRYSO

                9.10 CICO Technologies Ltd.

                9.11 CONMIX Ltd.

                9.12 DowDuPont

                9.13 Fosroc

                9.14 Franklin International

                9.15 Henkel AG & Company, KGaA

                9.16 Lafarge

                9.17 Mapei, Inc.

                9.18 MUHU Construction Materials Co. Ltd.

                9.19 Pidilite Industries

                9.20 RPM International Inc.

                9.21 Selena FM S.A.

                9.22 Sika AG

                9.23 Structural Waterproofing

                9.24 W.R. Grace & Co.

                9.25 Thermax Global

10. Disclaimer

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