Market Size of north america construction chemicals Industry
| Icons | Lable | Value |
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Study Period | 2018 - 2030 |
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Market Size (2024) | USD 18.13 Billion |
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Market Size (2030) | USD 25.41 Billion |
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Largest Share by End Use Sector | Industrial and Institutional |
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CAGR (2024 - 2030) | 5.79 % |
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Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Construction Chemicals Market Analysis
The North America Construction Chemicals Market size is estimated at 18.13 billion USD in 2024, and is expected to reach 25.41 billion USD by 2030, growing at a CAGR of 5.79% during the forecast period (2024-2030).
18.13 Billion
Market Size in 2024 (USD)
25.41 Billion
Market Size in 2030 (USD)
4.99 %
CAGR (2018-2023)
5.79 %
CAGR (2024-2030)
Largest Market by Product
26.31 %
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
36.90 %
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 Country
79.46 %
value share, United States, 2023
With the increasing demand for construction chemicals in the industrial and commercial construction sectors coupled with urban infrastructure developments, the country has dominated the market.
Fastest Market by Country
6.05 %
Projected CAGR, Canada, 2024-2030
Due to growing initiatives in residential projects and increasing infrastructural investments, Canada is expected to be the fastest-growing country in the region.
Leading Company
13.95 %
market share, Sika AG, 2022
The company's broad range of high-quality products, well-established network in the region, robust supply chain, and strategic expansions and acquisitions in the construction industry make it a major player in the market.
Rising investment in industrial construction, such as the United States spending around USD 47.59 billion by 2026, is expected to boost the market
- The construction chemicals market in North America witnessed a growth of 6.24% by value in 2022 compared to the previous year due to increasing demand from the commercial & industrial and institutional construction sectors. In 2023, the region’s construction chemicals are estimated to account for around 20.06% of the overall global construction chemicals market.
- The industrial and institutional construction sector is the region's largest consumer of construction chemicals, accounting for around 36.50% by value in 2022. The increase in investment for the construction of the industrial and healthcare sectors is projected to drive the demand for the industrial and institutional sectors. For instance, construction spending in new industrial buildings in the United States is projected to reach USD 47.59 billion by 2026. Growing urbanization and industrialization further aid the market growth in the country. As a result, the construction chemicals for the sector in the region are projected to reach USD 9.36 billion in 2030 from USD 6.28 billion in 2023.
- The region’s residential construction sector is expected to be the fastest-growing consumer of construction chemicals, with the highest CAGR of 6.27% in terms of value during the forecast period (2023-3030), owing to an increase in residential new construction floor area. For instance, the residential new floor area in the region was expected to reach 3.96 billion square feet in 2023 and is projected to reach 5.09 billion square feet in 2030. As a result, the construction chemicals for the sector in the region are projected to increase by USD 1.85 billion in 2030 compared to 2023.
Understand The Key Trends Shaping This Market
Mexico is expected to witness the fastest growth due to the government's implementation of USMCA
- Construction chemicals, including concrete admixtures, waterproofing solutions, adhesives & sealants, anchors & grouts, and flooring resins, play a pivotal role in enhancing the performance of buildings and structures. In 2022, the construction chemicals market in North America witnessed a 6.24% growth in value, with Mexico and Canada leading with 15.94% and 7.83%, respectively. The North American construction chemicals market was projected to grow by 6.31% in 2023.
- The United States dominated the market with a commanding share of 79% in 2022. The nation's construction sector attracted investments totaling USD 1792.9 billion in 2022, marking a 10.2% increase from the previous year. This surge in investments was primarily directed toward residential, civil engineering, and non-residential projects. As construction activities surged, so did the demand for construction chemicals. In 2022, the US construction chemicals market witnessed a 5.15% growth in value, and this growth trajectory was expected to continue with a projected 6.54% increase in 2023.
- Mexico is poised to witness the highest CAGR of 6.04% in the construction chemicals market during the forecast period. This growth can be attributed to Mexico's expanding commercial construction sector. Factors such as the implementation of the United States-Mexico-Canada Agreement (USMCA) and escalating tensions with China have led to a shift in supply chain activities, favoring Mexico. Consequently, the country is witnessing a surge in warehouse and storage facility construction. Moreover, the projected increase of 56 million square feet in new floor area for commercial construction by 2030, compared to 2022, is expected to further boost the consumption of construction chemicals in Mexico.
