Product Code: TIPRE00003947
The construction chemicals market is expected to grow from US$ 50,952.86 million in 2022 to US$ 71,449.75 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2022 to 2028.
Construction chemicals are specialty products crucial for sustainable infrastructure and energy conservation in the construction industry. They are chemical formulations used with cement, concrete, and other construction materials at the time of construction to hold the construction materials together.
Based on application, the construction chemicals market is segmented into residential, commercial, industrial, institutional, and infrastructure. The residential segment holds the largest market share. Also, the market for this segment is expected to grow at the fastest pace during the forecast period. The expansion of the residential sector in countries, including China, India, Saudi Arabia, and the UAE, and the government support for the development of the sector drive the demand for construction chemicals. The Sakani program in Saudi Arabia was developed in 2017 by the Ministry of Housing and the Real Estate Development Fund with the aim of facilitating home ownership in the Saudi Arabia through the creation of new housing stock, allocating plots and homes to nationals, and financing their purchase. Thus, the increased initiatives and policies by the government of various countries encouraging the development of the residential construction sector is bolstering the constriction chemicals market growth.
Based on region, the construction chemicals market is primarily segmented into North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA). In 2021, Asia Pacific dominated the market. The growing construction industry and the rising implementation of government initiatives and policies to support the development of the industry fuel the market growth in the region. The 14th Five-Year Plan (2021-2025) period in China aims at adding 6.5 million government-subsidized rental homes in 40 key cities. Along with this, approx. 219,000 old residential communities built before the end of 2000 in urban areas will be renovated by 2025 to offer comfort to the residents. Increasing activities of infrastructure construction and the entry of major construction players in Asia Pacific propel the demand for construction chemicals.
Several industries, including the chemicals & materials industry, faced unprecedented challenges due to the COVID-19 pandemic. The shortage of raw materials and labor, shutdown of factories, and other operational difficulties induced by safety protocols adversely affected the construction chemicals market. However, vaccination drives have led to a rise in business activities worldwide. The economies are reviving their operations. Thus, the demand for construction chemicals is expected to rise globally in the coming years. The revival of the construction industry and the growing production of construction chemicals would bolster the construction chemicals market during the forecast period.
Polar Ice; Continental Carbonic Products Inc.; Sicgil India Limited.; Linde PLC; Construction Chemicals UK Ltd.; Construction Chemicals Corp; Reliant Construction Chemicals; CryoCab; Praxair Technology, Inc.; and ACP are among the leading players in the construction chemicals market. These companies are adopting strategies, such as mergers and acquisitions and product launches, to expand their geographic presence and consumer bases.
The overall construction chemicals market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. Participants of this process include VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the construction chemicals market.
Reasons to Buy:
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global construction chemicals market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to application.
Table Of Contents
1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 Global Construction Chemicals Market, by Product
- 1.3.2 Global Construction Chemicals Market, by Application
2. Key Takeaways
3. Research Methodology
- 3.1 Scope of the Study
- 3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis formulation:
- 3.2.4 Macro-economic factor analysis:
- 3.2.5 Developing base number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country level data:
4. Global Construction Chemicals Market Landscape
- 4.1 Market Overview
- 4.2 Porter's Five Forces Analysis
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
5. Global Construction Chemicals Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Strong Growth of the Construction Industry in Developing Countries
- 5.1.2 Government Support for the Development of Residential Construction Sector
- 5.2 Market Restraints
- 5.2.1 Fluctuating Cost of Raw Materials and Energy
- 5.3 Market Opportunities
- 5.3.1 Development and Adoption of Innovative Products such as Ready-Mix Concrete
- 5.4 Future Trends
- 5.4.1 Growing Demand for Green Buildings
- 5.5 Impact Analysis Of Drivers And Restraints
6. Global Construction Chemicals - Market Analysis
- 6.1 Global Construction Chemicals Market Overview
- 6.2 Global Construction Chemicals Market -Revenue and Forecast to 2028 (USD Million)
- 6.3 Market Positioning - Global Construction Chemicals Market Players
7. Construction Chemicals Market Analysis - By Product
- 7.1 Overview
- 7.2 Construction Chemicals Market, By Product (2021 and 2028)
- 7.3 Concrete Admixtures
- 7.3.1 Overview
- 7.3.2 Concrete Admixtures: Construction Chemicals Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4 Asphalt Additives
- 7.4.1 Overview
- 7.4.2 Asphalt Additives: Construction Chemicals Market - Revenue and Forecast to 2028 (US$ Million)
- 7.5 Waterproofing Chemicals
- 7.5.1 Overview
- 7.5.2 Waterproofing Chemicals: Construction Chemicals Market - Revenue and Forecast to 2028 (US$ Million)
- 7.6 Adhesives and Sealants
- 7.6.1 Overview
- 7.6.2 Adhesives and Sealants: Construction Chemicals Market- Revenue and Forecast to 2028 (US$ Million)
- 7.7 Flame Retardants
- 7.7.1 Overview
- 7.7.2 Flame Retardants: Construction Chemicals Market- Revenue and Forecast to 2028 (US$ Million)
- 7.8 Others
- 7.8.1 Overview
- 7.8.2 Others: Construction Chemicals Market- Revenue and Forecast to 2028 (US$ Million)
8. Construction Chemicals Market Analysis - By Application
- 8.1 Overview
- 8.2 Construction Chemicals Market, By Application (2021 and 2028)
- 8.3 Residential
- 8.3.1 Overview
- 8.3.2 Residential: Construction Chemicals Market - Revenue and Forecast to 2028 (US$ Million)
- 8.4 Commercial
- 8.4.1 Overview
- 8.4.2 Commercial: Construction Chemicals Market - Revenue and Forecast to 2028 (US$ Million)
- 8.5 Industrial
- 8.5.1 Overview
- 8.5.2 Industrial: Construction Chemicals Market - Revenue and Forecast to 2028 (US$ Million)
- 8.6 Institutional
- 8.6.1 Overview
- 8.6.2 Institutional: Construction Chemicals Market - Revenue and Forecast to 2028 (US$ Million)
- 8.7 Infrastructure
- 8.7.1 Overview
- 8.7.2 Infrastructure: Construction Chemicals Market - Revenue and Forecast to 2028 (US$ Million)
9. Construction Chemicals Market - Geographic Analysis
- 9.1 Overview
- 9.2 North America: Construction Chemicals Market
- 9.2.1 North America: Construction Chemicals Market -Revenue and Forecast to 2028 (US$ Million)
- 9.2.2 North America: Construction Chemicals Market, By Product
- 9.2.3 North America: Construction Chemicals Market, by Application
- 9.2.4 North America: Construction Chemicals Market, by Key Country
- 9.2.4.1 US: Construction Chemicals Market - Revenue and Forecast to 2028 (US$ Million)
- 9.2.4.1.1 US: Construction Chemicals Market, By Product
- 9.2.4.1.2 US: Construction Chemicals Market, by Application
- 9.2.4.2 Canada: Construction Chemicals Market - Revenue and Forecast to 2028 (US$ Million)
- 9.2.4.2.1 Canada: Construction Chemicals Market, By Product
- 9.2.4.2.2 Canada: Construction Chemicals Market, by Application
- 9.2.4.3 Mexico: Construction Chemicals Market - Revenue and Forecast to 2028 (US$ Million)
- 9.2.4.3.1 Mexico: Construction Chemicals Market, By Product
- 9.2.4.3.2 Mexico: Construction Chemicals Market, by Application
- 9.3 Europe: Construction Chemicals Market
- 9.3.1 Europe: Construction Chemicals Market -Revenue and Forecast to 2028 (US$ Million)
- 9.3.2 Europe: Construction Chemicals Market, By Product
- 9.3.3 Europe: Construction Chemicals Market, by Application
- 9.3.4 Europe: Construction Chemicals Market, by Key Country
- 9.3.4.1 Germany: Construction Chemicals Market - Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.1.1 Germany: Construction Chemicals Market, By Product
- 9.3.4.1.2 Germany: Construction Chemicals Market, by Application
- 9.3.4.2 France: Construction Chemicals Market - Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.2.1 France: Construction Chemicals Market, By Product
- 9.3.4.2.2 France: Construction Chemicals Market, by Application
- 9.3.4.3 Italy: Construction Chemicals Market - Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.3.1 Italy: Construction Chemicals Market, By Product
- 9.3.4.3.2 Italy: Construction Chemicals Market, by Application
- 9.3.4.4 UK: Construction Chemicals Market - Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.4.1 UK: Construction Chemicals Market, By Product
- 9.3.4.4.2 UK: Construction Chemicals Market, by Application
- 9.3.4.5 Russia: Construction Chemicals Market - Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.5.1 Russia: Construction Chemicals Market, By Product
- 9.3.4.5.2 Russia: Construction Chemicals Market, by Application
- 9.3.4.6 Rest of Europe: Construction Chemicals Market - Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.6.1 Rest of Europe: Construction Chemicals Market, By Product
- 9.3.4.6.2 Rest of Europe: Construction Chemicals Market, by Application
- 9.4 Asia Pacific: Construction Chemicals Market
- 9.4.1 Asia Pacific: Construction Chemicals Market -Revenue and Forecast to 2028 (US$ Million)
- 9.4.2 Asia Pacific: Construction Chemicals Market, By Product
- 9.4.3 Asia Pacific: Construction Chemicals Market, by Application
- 9.4.4 Asia Pacific: Construction Chemicals Market, by Key Country
- 9.4.4.1 Australia: Construction Chemicals Market -Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.1.1 Australia: Construction Chemicals Market, By Product
- 9.4.4.1.2 Australia: Construction Chemicals Market, by Application
- 9.4.4.2 China: Construction Chemicals Market -Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.2.1 China: Construction Chemicals Market, By Product
- 9.4.4.2.2 China: Construction Chemicals Market, by Application
- 9.4.4.3 India: Construction Chemicals Market -Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.3.1 India: Construction Chemicals Market, by Product
- 9.4.4.3.2 India: Construction Chemicals Market, by Application
- 9.4.4.4 Japan: Construction Chemicals Market -Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.4.1 Japan: Construction Chemicals Market, By Product
- 9.4.4.4.2 Japan: Construction Chemicals Market, by Application
- 9.4.4.5 South Korea: Construction Chemicals Market -Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.5.1 South Korea: Construction Chemicals Market, By Product
- 9.4.4.5.2 South Korea: Construction Chemicals Market, by Application
- 9.4.4.6 Rest of Asia Pacific: Construction Chemicals Market -Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.6.1 Rest of Asia Pacific: Construction Chemicals Market, By Product
- 9.4.4.6.2 Rest of Asia Pacific: Construction Chemicals Market, by Application
- 9.5 South and Central America: Construction Chemicals Market
- 9.5.1 South and Central America: Construction Chemicals Market -Revenue and Forecast to 2028 (US$ Million)
- 9.5.2 South and Central America: Construction Chemicals Market, By Product
- 9.5.3 South and Central America: Construction Chemicals Market, by Application
- 9.5.4 South and Central America: Construction Chemicals Market, by Key Country
- 9.5.4.1 Argentina: Construction Chemicals Market - Revenue and Forecast to 2028 (US$ Million)
- 9.5.4.1.1 Argentina: Construction Chemicals Market, By Product
- 9.5.4.1.2 Argentina: Construction Chemicals Market, by Application
- 9.5.4.2 Brazil: Construction Chemicals Market - Revenue and Forecast to 2028 (US$ Million)
- 9.5.4.2.1 Brazil: Construction Chemicals Market, By Product
- 9.5.4.2.2 Brazil: Construction Chemicals Market, by Application
- 9.5.4.3 Rest of South and Central America: Construction Chemicals Market - Revenue and Forecast to 2028 (US$ Million)
- 9.5.4.3.1 Rest of South and Central America: Construction Chemicals Market, By Product
- 9.5.4.3.2 Rest of South and Central America: Construction Chemicals Market, by Application
- 9.6 Middle East and Africa: Construction Chemicals Market
- 9.6.1 Middle East and Africa: Construction Chemicals Market -Revenue and Forecast to 2028 (US$ Million)
- 9.6.2 Middle East and Africa: Construction Chemicals Market, By Product
- 9.6.3 Middle East and Africa: Construction Chemicals Market, by Application
- 9.6.4 Middle East and Africa: Construction Chemicals Market, by Key Country
- 9.6.4.1 South Africa: Construction Chemicals Market -Revenue and Forecast to 2028 (US$ Million)
- 9.6.4.1.1 South Africa: Construction Chemicals Market, By Product
- 9.6.4.1.2 South Africa: Construction Chemicals Market, by Application
- 9.6.4.2 Saudi Arabia: Construction Chemicals Market -Revenue and Forecast to 2028 (US$ Million)
- 9.6.4.2.1 Saudi Arabia: Construction Chemicals Market, By Product
- 9.6.4.2.2 Saudi Arabia: Construction Chemicals Market, by Application
- 9.6.4.3 UAE: Construction Chemicals Market -Revenue and Forecast to 2028 (US$ Million)
- 9.6.4.3.1 UAE: Construction Chemicals Market, By Product
- 9.6.4.3.2 UAE: Construction Chemicals Market, by Application
- 9.6.4.4 Rest of MEA: Construction Chemicals Market -Revenue and Forecast to 2028 (US$ Million)
- 9.6.4.4.1 Rest of MEA: Construction Chemicals Market, by Product
- 9.6.4.4.2 Rest of MEA: Construction Chemicals Market, by Application
10. Impact of COVID-19 Pandemic on Global Construction Chemicals Market
- 10.1 Impact of COVID-19 on Construction Chemicals Market
- 10.2 North America: Impact Assessment of COVID-19 Pandemic
- 10.3 Europe: Impact Assessment of COVID-19 Pandemic
- 10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
- 10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
- 10.6 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
- 11.1 Ashland Global Holdings Inc.
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 BASF SE
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 MAPEI S.p.A.
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 Sika AG
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 Fosroc, Inc.
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 Compagnie de Saint-Gobain S.A.
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 Pidilite Industries Limited
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- 11.8 Choksey Chemicals Pvt Ltd
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 11.9 RPM International Inc.
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
- 11.10 Dow Chemicals Company
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments
12. Appendix
- 12.1 About The Insight Partners
- 12.2 Word Index