Press release
Construction Chemicals Market Share, Size, Price, Trends, Analysis, Report and Forecast 2023-2028
Construction Chemicals Market
According to the report by Expert Market Research (EMR), the global construction chemicals market size reached a value of approximately USD 45.5 billion in 2022. Aided by the rise in infrastructural developments and increasing demand for durable and aesthetic civil structures, the market is projected to further grow at a CAGR of 7.00% between 2023 and 2028 to reach a value of USD 68.28 billion by 2028.
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Construction chemicals refer to a variety of chemicals or chemical formulations used in the construction industry to enhance the durability of structures, speed up construction work, and provide additional protection to structures against environmental hazards. They are generally used in small quantities but impart crucial properties such as durability, water resistance, ease of use, and enhanced strength.
The booming construction industry, particularly in developing nations, is driving the global construction chemicals market growth. As urbanisation increases and economies grow, there is an escalating demand for infrastructure projects like residential buildings, commercial complexes, roads, bridges, and dams. This, in turn, fuels the demand for construction chemicals.
Additionally, the rising demand for high-quality, durable, and aesthetically pleasing structures is propelling the construction chemicals market expansion. In this context, construction chemicals play a vital role as they enhance the overall performance of the construction materials, increase the life expectancy of the structures, and provide better protection against environmental threats.
Innovative advancements in construction chemicals also contribute significantly to the construction chemicals market development. Manufacturers are continually developing new formulations and products that offer enhanced features like increased strength, durability, and resistance to environmental factors. These innovations not only cater to the evolving needs of the construction industry but also open up new avenues for the construction chemicals market.
The growing emphasis on sustainability and green building practices in the construction sector has led to a surge in the demand for environmentally friendly construction chemicals. Manufacturers are responding to this trend by developing products that minimise environmental impact, thus giving an impetus to the construction chemicals market growth.
Furthermore, stringent government regulations regarding the quality and safety of construction materials have made the use of construction chemicals indispensable. These chemicals ensure that the structures adhere to the required safety standards, thereby bolstering the construction chemicals market demand.
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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 acquisitions and mergers, among other major developments, of the global construction chemicals companies. Some of the major key 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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