Press release
A Deep Dive into the Infrastructure Development Sector and Its Impact on the Construction Chemicals Market
MARKET OVERVIEW:The global construction chemicals market is witnessing significant growth, driven by the increasing demand for urban infrastructure and advancements in construction technologies. Valued at USD 43.9 billion in 2024, the market is projected to reach USD 68.4 billion by 2033, growing at a steady rate of 5% CAGR. Key factors fueling this growth include rapid urbanization, government initiatives, and technological advancements in construction materials, including waterproofing agents and concrete admixtures, vital for enhancing the durability and performance of building structures.
STUDY ASSUMPTION YEARS:
• BASE YEAR: 2024
• HISTORICAL YEAR: 2019-2024
• FORECAST YEAR: 2025-2033
CONSTRUCTION CHEMICALS MARKET KEY TAKEAWAYS:
• The global construction chemicals market is expected to grow from USD 43.9 billion in 2024 to USD 68.4 billion by 2033, exhibiting a 5% CAGR.
• Urbanization and increasing infrastructure demand drive the market, especially in emerging economies.
• Government policies supporting infrastructure and urban development are key market drivers.
• Rising demand for advanced construction chemicals like waterproofing agents and concrete admixtures.
• Asia-Pacific dominates the market, holding over 52% of the share in 2024.
• Growing renovation activities in developed regions like the U.S. contribute to market expansion.
• The adoption of ready-mix concrete and infrastructure refurbishment further accelerates demand.
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MARKET GROWTH FACTORS:
Urbanization and Infrastructure Development:
The rising global urban population and industrial expansion are major drivers for the construction chemicals market. The need for residential complexes, highways, and public infrastructure is propelling demand for chemicals that enhance the quality and durability of construction materials. In particular, emerging economies such as China and India are investing heavily in smart city projects, urban housing, and infrastructure, driving substantial growth in the market for construction chemicals. This urban boom is expected to continue, significantly increasing the demand for construction chemicals that aid in building sustainable and long-lasting structures.
Technological Advancements and Material Innovations:
Advancements in construction technology are continuously reshaping the construction chemicals market. The development of specialized chemicals, such as eco-friendly admixtures and advanced sealants, has improved the functionality and environmental sustainability of building materials. For instance, waterproofing agents and concrete admixtures are now widely used to ensure that infrastructure can withstand harsh weather and wear over time. The increasing emphasis on green building practices is also encouraging the adoption of innovative construction chemicals designed to meet environmental standards and improve energy efficiency.
Government Initiatives and Investments:
Government policies and investments in infrastructure development are key growth drivers for the market. In countries like India, where infrastructure spending has been significantly increased, the demand for construction chemicals is rapidly rising. For example, India's 2024 budget dedicated 3.3% of its GDP to infrastructure, focusing on logistics, transportation, and public utilities. Similarly, U.S. government initiatives, such as the Bridge Investment Program, have led to a surge in infrastructure repair and construction, contributing to increased demand for specialized chemicals used in structural maintenance and renovation.
MARKET SEGMENTATION:
• By Type:
o Concrete Admixtures
Enhance the properties of concrete, improving workability, durability, and setting time.
o Waterproofing and Sealants
Protect structures from water infiltration, enhancing longevity and reducing maintenance costs.
o Repair and Rehabilitation
Chemicals used for restoring and strengthening damaged infrastructure, ensuring functionality and safety.
o Other Types
Includes specialty chemicals used in niche construction applications.
• By Application:
o Residential
Chemicals used in the construction of homes and residential complexes.
o Non-Residential
Chemicals used in the development of commercial buildings, factories, and other non-residential structures.
o Infrastructure
Chemicals used in the construction of bridges, roads, tunnels, and other infrastructure projects.
• By Region:
o Asia-Pacific
Dominates the market with over 52% of the share in 2024.
o North America
Includes significant demand due to increased renovations and infrastructure developments.
o Europe
Focused on renovation and upgrading of existing infrastructure.
o Latin America
Growing demand driven by urbanization and new infrastructure projects.
o Middle East & Africa
Significant investments in infrastructure development, particularly in the Gulf region.
REGIONAL INSIGHTS:
Asia-Pacific leads the global construction chemicals market, holding more than 52% of the market share in 2024. This region benefits from rapid urbanization, substantial infrastructure investments, and large-scale government projects like smart cities and housing developments. China's Belt and Road Initiative and India's Smart Cities Mission further contribute to the growth in demand for construction chemicals.
RECENT DEVELOPMENTS & NEWS:
Recent developments in the construction chemicals market highlight a focus on eco-friendly solutions and smart technologies. For example, governments worldwide are encouraging the use of green building materials, driving innovations in construction chemicals. Additionally, the adoption of ready-mix concrete continues to rise, with its efficiency in urban construction projects fueling demand for related chemicals such as admixtures and bonding agents.
KEY PLAYERS:
• 3M Company
• ACC Limited (Holcim Group)
• Arkema S.A.
• BASF SE
• Conmix Ltd
• Dow Inc.
• Evonik Industries AG (RAG-Stiftung)
• GCP Applied Technologie Inc. (Standard Industries Inc.)
• Mapei S.p.A
• Nouryon Holding B.V.
• Pidilite Industries Limited
• RPM International Inc.
• Sika AG
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=5655&flag=C
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, considerations studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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