Market Size of united states construction chemicals Industry
Icons | Lable | Value |
---|---|---|
Study Period | 2018 - 2030 | |
Market Size (2024) | USD 14.40 Billion | |
Market Size (2030) | USD 20.14 Billion | |
Largest Share by End Use Sector | Industrial and Institutional | |
CAGR (2024 - 2030) | 5.74 % | |
Fastest Growing by End Use Sector | Residential | |
Major Players |
||
|
||
*Disclaimer: Major Players sorted in no particular order |
United States Construction Chemicals Market Analysis
The United States Construction Chemicals Market size is estimated at 14.40 billion USD in 2024, and is expected to reach 20.14 billion USD by 2030, growing at a CAGR of 5.74% during the forecast period (2024-2030).
14.40 Billion
Market Size in 2024 (USD)
20.14 Billion
Market Size in 2030 (USD)
5.48 %
CAGR (2018-2023)
5.74 %
CAGR (2024-2030)
Largest Market by Product
25.24 %
value share, Waterproofing Solutions, 2023
Waterproofing solutions hold the largest share due to widespread applications of waterproofing, such as roofing, walls, basements, water tank linings, bridge decks, etc., from the industrial and commercial sectors.
Fastest Market by Product
6.96 %
Projected CAGR, Repair and Rehabilitation Chemicals, 2024-2030
With the growing repair activities in the country and federal government policies to repair home-owner properties, the repair and rehabilitation chemicals segment is likely to witness the fastest growth.
Largest Market by End Use Sector
38.96 %
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 country, the industrial and institutional sectors held the largest share.
Fastest Market by End Use Sector
6.11 %
Projected CAGR, Residential, 2024-2030
With the rising demand for apartments, single-house construction, and government-supportive policies for the residential sector, the United States is likely to grow at a faster rate during the forecast period.
Leading Company
14.60 %
market share, Sika AG, 2022
The company's broad range of high-quality products, well-established network in the country, robust supply chain, and strategic expansions and acquisitions in the construction industry make it a major player in the market.
Rising investments in industrial construction, such as the USD 47.59 billion spending on new industrial buildings by 2026, are likely to boost the market
- In 2022, the US construction chemicals market saw a 5.15% growth in value, driven by rising demand from the commercial and industrial & institutional sectors. In 2023, the US market accounted account for approximately 79.46% of the North American construction chemicals market.
- The industrial and institutional end-use sector of the market is the largest consumer of construction chemicals in the United States. The end-use sector witnessed a notable growth of 5.67% by value in 2022 compared to the previous year. This surge can be attributed to increased investments in sectors like healthcare and industrial. Notably, the construction spending on new industrial buildings in the United States is expected to reach USD 47.59 billion by 2026. Consequently, the demand for construction chemicals in this sector is projected to rise from USD 5.2 billion in 2023 to USD 7.9 billion in 2030.
- The residential construction sector is anticipated to be the fastest-growing consumer of construction chemicals in the United States. It is projected to register a CAGR of 6.11% during the forecast period (2023-2030). Factors such as urbanization, government initiatives, and foreign and domestic investments are bolstering the nation's housing needs. This trend, in turn, is expected to drive residential building construction activities in the country. By 2023, the United States was projected to reach a new residential floor area of 2.94 billion sq. ft, which is estimated to grow to 3.79 billion sq. ft by 2030, with a CAGR of 3.68%.