The post-pandemic surge in construction activities has significantly skyrocketed the demand for materials associated with infrastructure development. Chemicals, being one of them, are also getting huge calls from companies involved in construction, be it private or public. This has taken its expected market valuation to a staggering US$ 48,209.4 million as of 2024.
With governments investing billions of dollars in creating smart cities and modern infrastructure, this demand is going to experience an upward trajectory in the coming years. The market is expected to progress at a modest CAGR of 5.20% through 2034. The adoption of these chemicals for residential settings is further observed to contribute to the expansion of this market.
With the mechanization of the construction sector, an enormous amount of roads, dams, buildings, shopping malls, etc., are being built in emerging economies like India, South Korea, Brazil, Thailand, etc. These projects generate an excellent demand for these chemicals and are responsible for taking the anticipated market valuation to an outstanding US$ 79,548.1 million by the end of 2034.
| Attributes | Details |
|---|---|
| Market Value for 2024 | US$ 48,209.4 million |
| Projected Market Value for 2034 | US$ 79,548.1 million |
| Value-based CAGR of the Market for 2024 to 2034 | 5.20% |
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The construction sector has evolved appreciably since the beginning of this century. With hefty investments by key players, the international marketplace is flooded with materials required in the construction business. The growth rates of the construction polymer market and the construction aggregate market along with their challenges and ongoing trends have been mentioned below. These markets have the potential to grow hand-in-hand.
Drawing on these analytics, it can be confidently projected that the construction polymer market is very likely to flourish in the years to come.
Construction Chemical Market:
| Attributes | Construction Chemical Market |
|---|---|
| Value-based CAGR (2024 to 2034) | 5.20% |
| Projected Market Value (2024) | US$ 48,209.4 million |
| Growth Factor | Growing number of buildings, roads, bridges, tunnels, and dams by governments as well as private companies for betterment of infrastructure facilities |
| Restraint | Government rules prohibit excessive use of construction chemicals, thus VOC emissions serve as barrier to market expansion |
| Trend | Major participants concentrating on green and sustainable materials for underground structure protection, polycarboxylate ether-based green admixtures |
Construction Polymer Market:
| Attributes | Construction Polymer Market |
|---|---|
| Value-based CAGR (2024 to 2034) | 6.80% |
| Growth Factor | Advancements in civil engineering and construction technologies propel application purview of construction polymers |
| Restraint | Construction polymers face competition from alternatives such as epoxy resins, polyurethane foams, acrylics, silicones, and traditional materials like cement and mortarTop of Form |
| Trend | Cost-effective production, feasible profit margins, and relatively easy procurement of raw materials driving large chemical companies toward construction polymer businesses |
Construction Aggregate Market:
| Attributes | Construction Aggregate Market |
|---|---|
| Value-based CAGR (2024 to 2034) | 4.86% |
| Growth Factor | Fast-paced urbanization and influx of population provide impetus to construction activities, subsequently causing construction aggregate sales to uptick |
| Restraint | Sand and gravel reserves depleting and illegal mining hamper supply of these types of construction aggregates |
| Trends | Construction companies significantly focusing on implementing green methodologies that leave little to no carbon footprint |
Various chemicals are used in the construction sector, such as waterproofing chemicals, protective coatings, concrete admixtures, adhesives and sealants, and asphalt additives. Among these, concrete admixture is in line to take a major share of 62.70% of the total market for 2024.
| Attributes | Details |
|---|---|
| Product Type | Concrete Admixture |
| Market Share (2024) | 62.70% |
Construction companies are generating an excellent demand for concrete admixtures as they help in achieving better performance and longevity of concrete structures, thus reducing maintenance costs over time.
These concrete admixtures also enable faster construction and enhance the quality of concrete, making them indispensable in urban development projects. Besides this, the clamor is also attributed to the sustainable nature of these admixtures in comparison to their counterparts.
Construction chemicals are used in various applications, such as residential, commercial, and infrastructural. Among these, the residential sector is slotted in to hold a market share of 41.50% in 2024.
| Attributes | Details |
|---|---|
| Application | Residential |
| Market Share (2024) | 41.50% |
Homeowners are utilizing the full potential of construction chemicals. They are increasingly prioritizing the durability and longevity of their residential structures. Chemicals such as waterproofing agents, corrosion inhibitors, and sealants help protect buildings from moisture damage, corrosion, and other environmental factors.
Besides this, these chemicals also play a crucial role in enhancing the aesthetic appeal of residential properties. Decorative coatings, colored concrete additives, and surface treatments can transform ordinary surfaces into visually appealing features.
Principal Consultant
| Countries | CAGR (2024 to 2034) |
|---|---|
| India | 10.72% |
| China | 8.04% |
| Spain | 5.36% |
| France | 5.03% |
| Italy | 4.69% |
The India construction chemical market is a promising one. It is slated to grow at a CAGR of 10.72% through 2034.
The Indian government, from time to time, has been announcing various schemes and policies, such as the Indira Awaas Yojana, to provide affordable housing solutions to the economically disadvantage population in the country.
These subsidies have bolstered the construction sector, and hence the demand for chemicals for construction, in India. Besides this, the government has also been partaking in various infrastructural development activities, such as the construction of smart cities, dams, roads, buildings, etc. This automatically generates excellent demand for these chemicals in the country.
China is a lucrative country in this market. The market in China is set to grow at a CAGR of 8.04% through 2034.
China has been experiencing robust economic growth in the past few decades, especially after the recent pandemic. Companies involved in the construction business have been pouring billions of dollars into building modern and sophisticated commercial buildings in the country.
This rapid growth naturally generates huge clamor for chemicals in the country as they are essential for ensuring the quality, durability, and sustainability of these modern structures. Besides this, China’s dominance in the chemical sector has also contributed to the overall expansion of this market in recent times.
The future of the Spanish construction chemical market looks bright. The market is slated to grow at a CAGR of 5.36% in the country through 2034.
Spain has been experiencing enormous migration of foreigners for education and employment purposes. This has turned their major cities like Barcelona, Madrid, Valencia, Seville, etc., into major hotspots for residential buildings in the past few years.
This seismic shift in the residents has put tremendous pressure on the real estate businesses of Spain. Thus these companies are demanding enormous amounts of chemicals to sustain the quality and durability of residential construction projects.
The French construction chemical market is slated to grow at a CAGR of 5.03% for the forecasted period of 2024 to 2034.
France is blessed with a multitude of historical buildings and monuments that are centuries old, especially in cities like Paris, Lyon, Marseille, and Bordeaux.
These monuments require regular maintenance and for this specialized chemicals such as consolidants, repair mortars, cleaning agents, etc. are utilized. Besides this, the French government's efforts to promote green-building initiatives have also boosted the demand for these chemicals in the country.
The market in Italy is likely to flourish in the coming years. It is slated to grow at a CAGR of 4.69% through 2034.
Italy’s construction sector has seen a tremendous revival in the last few years. This is primarily due to the improving economic conditions and the government’s efforts to subsidize construction activities in the country. This has created lucrative conditions for the expansion of the market in the country as the chemicals are being increasingly used in sustaining the quality and durability of construction projects.
The marketplace is filled with companies that manufacture and supply these chemicals to firms involved in real estate. These companies have a strong foothold in the market, primarily due to their prolonged presence in the market. Companies in the market are also collaborating and merging to take advantage of each other’s expertise.
Recent Developments
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The construction chemical market is expected to be worth US$ 48,209.4 million in 2024.
The construction chemical market is expected to reach US$ 79,548.1 million by 2034.
The construction chemical market is expected to grow at a CAGR of 5.20% from 2024 to 2034.
Sika AG, BASF SE, Dow Chemical Company, Henkel AG & Co. KGaA, RPM International Inc., Fosroc International Limited, and MAPEI Corporation, are some of the major players in the construction chemical industry.
The valuation of the construction chemical market in 2023 was US$ 45,701.9 million.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Manufacturer 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Product Type, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Product Type, 2024 to 2034 5.3.1. Waterproofing Chemicals 5.3.2. Protective Coating 5.3.3. Concrete Admixture 5.3.4. Adhesives & Sealants 5.3.5. Asphalt Additives 5.4. Y-o-Y Growth Trend Analysis By Product Type, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Product Type, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2024 to 2034 6.3.1. Residential 6.3.2. Commercial & Industrial 6.3.3. Infrastructure 6.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2019 to 2023 7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2024 to 2034 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Product Type 8.2.3. By Application 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Product Type 8.3.3. By Application 8.4. Key Takeaways 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Product Type 9.2.3. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Product Type 9.3.3. By Application 9.4. Key Takeaways 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. UK 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Product Type 10.2.3. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Product Type 10.3.3. By Application 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Product Type 11.2.3. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Product Type 11.3.3. By Application 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Product Type 12.2.3. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Product Type 12.3.3. By Application 12.4. Key Takeaways 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Product Type 13.2.3. By Application 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Product Type 13.3.3. By Application 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Product Type 14.2.3. By Application 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Product Type 14.3.3. By Application 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2023 15.1.2.1. By Product Type 15.1.2.2. By Application 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2023 15.2.2.1. By Product Type 15.2.2.2. By Application 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2023 15.3.2.1. By Product Type 15.3.2.2. By Application 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2023 15.4.2.1. By Product Type 15.4.2.2. By Application 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2023 15.5.2.1. By Product Type 15.5.2.2. By Application 15.6. UK 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2023 15.6.2.1. By Product Type 15.6.2.2. By Application 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2023 15.7.2.1. By Product Type 15.7.2.2. By Application 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2023 15.8.2.1. By Product Type 15.8.2.2. By Application 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2023 15.9.2.1. By Product Type 15.9.2.2. By Application 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2023 15.10.2.1. By Product Type 15.10.2.2. By Application 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2023 15.11.2.1. By Product Type 15.11.2.2. By Application 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2023 15.12.2.1. By Product Type 15.12.2.2. By Application 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2023 15.13.2.1. By Product Type 15.13.2.2. By Application 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2023 15.14.2.1. By Product Type 15.14.2.2. By Application 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2023 15.15.2.1. By Product Type 15.15.2.2. By Application 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2023 15.16.2.1. By Product Type 15.16.2.2. By Application 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2023 15.17.2.1. By Product Type 15.17.2.2. By Application 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2023 15.18.2.1. By Product Type 15.18.2.2. By Application 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2023 15.19.2.1. By Product Type 15.19.2.2. By Application 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2023 15.20.2.1. By Product Type 15.20.2.2. By Application 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2023 15.21.2.1. By Product Type 15.21.2.2. By Application 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2023 15.22.2.1. By Product Type 15.22.2.2. By Application 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2023 15.23.2.1. By Product Type 15.23.2.2. By Application 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Product Type 16.3.3. By Application 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. GCP Applied Technologies 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. SIKA AG 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. The DOW Chemical Co. 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. RPM International Inc. 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Ashland Inc. 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. MAPEI 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. Akzo Nobel NV 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. Arkema SA 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. Fosroc 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. Pidilite Industries 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 17.1.11. Covestro AG 17.1.11.1. Overview 17.1.11.2. Product Portfolio 17.1.11.3. Profitability by Market Segments 17.1.11.4. Sales Footprint 17.1.11.5. Strategy Overview 17.1.11.5.1. Marketing Strategy 17.1.11.5.2. Product Strategy 17.1.11.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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Construction Chemical Market
