Construction Chemicals Market to garner momentum across emerging economies | By key players BASF SE, Sika AG, W. R. Grace & Co., RPM International Inc., Fosroc, Arkema, Henkel AG & Co. KGaA, AkzoNobel Chemicals AG, The Dow Chemical Company

Construction chemicals play an important role in modern construction. These chemicals are added to cement, concrete, or other materials during construction to hold them together. Construction chemicals are used to improve the strength and quality of concrete, protect structures from atmospheric and environmental degradation, and offer water tightness.

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With changing legislation, the demand for sustainable construction chemicals and materials with improved performance is surging. Concrete admixtures, waterproofing admixtures, asphalt modifiers, protective coatings, adhesives, sealants, and minerals are among the commonly used chemicals in construction.

The infrastructure sector is expected face new challenges over the course of time to make stronger and sleeker buildings of numerous shapes and sizes. It is estimated that global construction chemicals market size will reach a valuation of more than US$50 billion by 2024.

The industry is highly competitive with market players primarily depending on strategic alliances, technologic innovations, and joint ventures to enhance their production capabilities and retain their market positions. Key construction chemicals companies operating in the industry include BASF SE, RPM International, 3M Company, AkzoNobel Chemicals, Tata Chemicals, Huntsman Corporation, and Henkel AG, among several others.

Rise in carbon dioxide levels across the globe is posing serious health and environmental threat. Stringent policies are being adopted by governments and internationally recognized organizations to spread awareness regarding the use of sustainable alternatives and their possible benefits. As per the European Commission, buildings are responsible for nearly 40% of the total consumption of energy and generate over 33% of the total greenhouse emission across the region.

Construction chemicals carry the ability to improve the natural characteristics of construction materials along with reducing the total carbon footprint level. The properties of the products that help in controlling environmental depletion will supplement their demand in the near future. Increasing incidences of fire in buildings leading to loss of life and property are bolstering the use of protective coatings in buildings.

These coatings help in providing protection from fire, prevent discoloration, resist salt and UV damage and prevent rotting. Increasing awareness among people regarding the need to ensure safety in both residential and commercial complexes will support the need for protective coatings. In the year 2015, concrete admixtures made key contributions to the overall market revenue accounting for more than 50% of the total construction chemicals industry size. The products find extreme usage in residential and commercial buildings as well as other concrete structures such as flyovers, bridges, roads, etc.

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The materials carry the ability to improve the quality of the cement and carry superior resistance property making them a viable option for use in residential and commercial infrastructures. Admixtures can furthermore be segmented into mineral and chemical concrete admixtures. Chemical concrete admixtures include normal plasticizers, superplasticizers, air-entraining agents, retarding agents and accelerating agents.

Evident rise in the construction of buildings due to the increasing presence of multinational corporations across the globe along with chemical manufacturers pushing to develop advanced products in order to provide reliable, safe and efficient construction solutions will add impetus to global construction chemicals industry dynamics.

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