Construction Chemicals Market Outlook
According to a new report by Expert Market Research titled, the global construction chemicals market size reached a value of USD 48.69 billion in 2023. Aided by urbanisation, infrastructural development, and technological advancements in the construction sector, the market is projected to further grow at a CAGR of 7% between 2024 and 2032 to reach a value of USD 89.50 billion by 2032.
Construction chemicals are special chemicals used in the construction sector to enhance the durability, strength, and workability of construction materials such as concrete, mortar, grout, and cement. These chemicals play a crucial role in improving the performance of construction materials under various conditions such as extreme temperatures, moisture, and chemical exposure.
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Rapid urbanisation and the need for modern infrastructure are fuelling the construction chemicals market growth globally. As populations migrate to urban areas, there is a growing requirement for residential and commercial spaces, as well as transportation and utilities infrastructure, driving the construction activities and, consequently, the demand for construction chemicals. With ageing infrastructure and the need for maintenance and repair, there is a significant demand for construction chemicals used in the repair and rehabilitation of existing structures. These chemicals help strengthen and preserve the integrity of ageing buildings, bridges, roads, and other infrastructure assets, thereby driving market growth.
Advancements in construction technologies and materials have led to the development of innovative construction chemicals with enhanced properties which propels the construction chemicals market expansion. Manufacturers are focusing on producing eco-friendly, high-performance chemicals that meet stringent quality and environmental standards, thereby driving the adoption of advanced construction chemical solutions. There is a growing emphasis on the development of biodegradable and recyclable construction chemicals to address environmental concerns and promote sustainable construction practices. Manufacturers are exploring bio-based raw materials and green chemistry approaches to produce eco-friendly construction chemicals that minimise environmental impact and support circular economy principles.
As per the construction chemicals market outlook, with growing environmental concerns, there is a heightened focus on sustainable construction practices. Construction chemicals play a vital role in improving the sustainability of buildings by enhancing energy efficiency, reducing carbon emissions, and prolonging the service life of structures. This trend is driving the demand for eco-friendly and energy-efficient construction chemicals worldwide.
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Nano-technology is gaining traction in the development of advanced construction chemicals with superior properties which can also boost the construction chemicals market share. Nano-sized particles are being used to enhance the strength, durability, and functionality of construction materials such as concrete, coatings, and sealants. Nano-engineered construction chemicals offer benefits such as improved mechanical properties, reduced permeability, and enhanced resistance to environmental degradation.
Prefabrication and modular construction methods are gaining popularity due to their efficiency, cost-effectiveness, and reduced environmental footprint. As per the construction chemicals market analysis, construction chemicals play a crucial role in facilitating the assembly and installation of prefabricated components, as well as in ensuring the performance and durability of modular structures. As the trend towards off-site construction grows, the demand for specialised construction chemicals tailored to prefabrication requirements is expected to rise.
Health and safety considerations are paramount in the construction sector, driving the demand for construction chemicals that comply with stringent regulatory standards and promote worker safety. Low-VOC (volatile organic compound) formulations, non-toxic additives, and odourless sealants are gaining preference among contractors and developers as they seek to create healthier and safer work environments. These emerging trends in the construction chemicals market underscore the dynamic nature of the global market and highlight the importance of innovation, sustainability, and safety in driving future growth and development.
Construction Chemicals Market Segmentation
The market can be divided based on type, end use, and region.
Market Breakup by Type
- Concrete Admixtures
- Waterproofing and Roofing
- Repair and Rehabilitation
- Sealants and Adhesives
- Cement Grinding Aids
- Industrial Flooring
- Others
Market Breakup by End Use
- Industrial/Commercial
- Infrastructure
- Residential
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global construction chemicals market. Some of the major players explored in the report by Expert Market Research are as follows:
- Sika AG
- 3M Company
- Evonik Industries AG
- Mapei Construction Products India Pvt Ltd
- Fosroc, Inc.
- SWC Brother Company Limited.
- Flowcrete Group Ltd.
- Cera-Chem Pvt. Ltd.
- Chembond Chemicals Limited
- Holcim AG
- ACC Limited
- Others
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