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Construction Chemicals Market Share, Trends, Size, Major Players And Forecast To 2033
Construction Chemicals Market
The Business Research Company offers in-depth market insights through Construction Chemicals Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The construction chemicals market size has grown strongly in recent years. It will grow from $48.96 billion in 2023 to $53.73 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to infrastructure development, durability requirements, concrete admixtures, waterproofing solutions, repair and restoration projects, advancements in material science.
The construction chemicals market size is expected to see strong growth in the next few years. It will grow to $77.77 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to sustainable construction practices, energy-efficient building solutions, focus on safety and resilience, green building certifications, expansion of residential construction. Major trends in the forecast period include innovation in self-healing materials, adhesives and sealants for efficient construction, corrosion inhibitors in infrastructure projects, advanced flooring solutions, shotcrete and gunite technologies.
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Market Segmentation:
The construction chemicals market covered in this report is segmented -
1) By Type: Concrete Admixtures, Waterproofing and Roofing, Repair, Flooring, Sealants and Adhesives, Other Types
2) By End-User: Commercial, Industrial, Infrastructure and Public Places, Residential, Public Space
Major Driver - Rising Global Construction Demands Fuel Growth In Construction Chemicals Market
The increasing demand in construction significantly contributes to the growth of the construction chemicals market. Construction is the process of building, altering, repairing, remodeling, improving, or demolishing any structures. Construction chemicals help in the elimination of abrasions and the strengthening of bonds, extending the life of buildings. For instance, according to the FMI Corporation, a US-based management consulting company, in comparison to 2021, engineering and construction investment will increase by 5% in 2022. Major countries contributing to this growth are China, India, and the USA. Therefore, the increase in construction is expected to propel the construction chemicals market growth.
Competitive Landscape:
Major companies operating in the construction chemicals market report are Koch Industries Inc., BASF SE, The Dow Chemical Company, Saint-Gobain, Master Builders Solutions, Imperial Brands PLC, 3M Company, HOLCIM, Henkel AG & Co. KGaA, Densified Inc., Cemex S.A.B. de C.V., Arkema S.A., AkzoNobel N.V., Wacker Chemie AG, RPM International Inc., Etex Group, Chembond Chemicals Limited, Bostik S.A., Ashland Global Specialty Chemicals Inc., MBCC Group, W. R. Grace and Company, Sika AG, Pidilite Industries Limited, CICO Group, Fosroc International Limited, Mapei S.p.A., ACC Limited, Cera-Chem Pvt. Ltd., Flowcrete Group Ltd., SWC Brother Company Limited
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Top Trend - Innovative Construction Chemicals To Meet The Increasing Demand For Eco-Friendly Products
Major companies in the construction chemicals market are focused on developing innovative construction chemicals, such as eco-friendly dispersion, to meet the increasing demand for eco-friendly products and to gain a competitive edge in the market. Eco-friendly dispersion is a sustainable solution, free of harmful elements, designed for various applications, including paints, to minimize environmental impact. For instance, in July 2022, Synthos, a Poland-based chemicals company, launched Synexil SAB 05, a new eco-friendly dispersion for producing construction chemicals, including paints for children's rooms and other allergy-friendly applications. The product boasts UV resistance, low film formation temperature for solvent-free chemicals, and high scrub resistance. Meeting stringent low emission standards, it is ideal for white interior paint, ensuring minimal indoor air pollution. Free of harmful elements such as APEO, solvents, ammonia, and formaldehyde donors, Synexil SAB 05 aligns with Synthos' commitment to safety, sustainability, and responsible production.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Construction Chemicals Market Characteristics
3. Construction Chemicals Market Trends And Strategies
4. Construction Chemicals Market - Macro Economic Scenario
5. Construction Chemicals Market Size And Growth
…..
27. Construction Chemicals Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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