Construction Chemicals Industry to See Robust Expansion, Valued at $84.22 Billion by 2029

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What Is the Projected CAGR for the Construction Chemicals Market from 2024 to 2025?
The market size of construction chemicals has experienced a robust expansion in the past few years. The market is predicted to escalate from a value of $53.38 billion in 2024 to $57.54 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 7.8%. Factors such as infrastructure development, requirements for durability, the use of concrete admixtures, waterproofing solutions, repair, and restoration projects, along with progress in material science have contributed to this historical growth.

What are the Expected Market Size and CAGR for Construction Chemicals by 2029?
The market size for construction chemicals is set to experience significant growth in the coming years, with its value predicted to reach $84.22 billion in 2029, accompanied by a compound annual growth rate (CAGR) of 10.0%. Factors propelling this growth during the forecast period can be linked to the adoption of sustainable construction methods, efficient energy building solutions, emphasis on safety and robustness, green building certifications, and the growth of residential construction. Key trends forecasted during this period include advancements in self-healing materials, efficient adhesives and sealants, the use of corrosion inhibitors in infrastructure projects, innovative flooring solutions, as well as shotcrete and gunite technologies.

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Which Factors Are Driving the Global Construction Chemicals Market Expansion?
The surge in construction demand is a key factor driving the expansion of the construction chemicals market. The term construction refers to the building, modification, repair, remodeling, enhancement, or demolition of various structures. Construction chemicals play a key role in eradicating abrasions and reinforcing bonds, thus prolonging the lifespan of structures. For example, the Office for National Statistics, a British executive office of the UK Statistics Authority, reported in November 2023 that construction's new orders in 2022 saw an increase of 11.4% from 2021, reaching an all-time high value of $98,621 million (£80,837 million). The primary sectors propelling this growth included private infrastructure, private commercial, and other public non-housing sectors, which observed growth of 85.1%, 10.2%, and 17.5%, respectively. As such, the growth in construction activity is anticipated to drive the progression of the construction chemicals market.

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Which Segment Currently Holds the Largest Share of the Construction Chemicals Market?
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

Subsegments:
1) By Concrete Admixtures: Water-Reducing Admixtures, Superplasticizers, Accelerating Admixtures, Retarding Admixtures
2) By Waterproofing And Roofing: Liquid Waterproofing Membranes, Cementitious Waterproofing, Bituminous Waterproofing, Roofing Coatings
3) By Repair: Repair Mortars, Grouts, Concrete Patch Repair Products, Surface Repair Compounds
4) By Flooring: Self-Leveling Compounds, Epoxy Flooring Systems, Polyurethane Flooring Systems, Floor Coatings
5) By Sealants And Adhesives: Silicone Sealants, Polyurethane Adhesives, Epoxy Adhesives, Construction Sealants
6) By Other Types: Corrosion Inhibitors, Chemical Additives, Specialty Construction Chemicals

Which Major Trends Are Shaping the Future of the Construction Chemicals Industry?
To strengthen technology integration and broaden their market presence, key players in the construction chemicals market are increasingly choosing strategic partnerships. This kind of partnership involves two or more companies joining forces, bringing together their resources, expertise, and efforts to reach shared goals. For example, in March 2024, a chemical manufacturing firm based in Nigeria, Cormart Nigeria Limited, entered into an alliance with Fosroc International Limited, known for its specialization in construction chemicals based in Dubai. As a result of this cooperative venture, Cormart has gained exclusive distribution rights and authorized production of Fosroc's products in Nigeria. This collaboration aims to elevate the quality and accessibility of construction chemicals available in the market, providing a variety of solutions like concrete admixtures, repair and protection systems, waterproofing solutions, among others.

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Which Key Players Dominate the Construction Chemicals Industry Globally?
Major companies operating in the construction chemicals market include Koch Industries Inc., BASF SE, The Dow Chemical Company, Saint-Gobain, Master Builders Solutions, 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.

What Are the Fastest-Growing Regions in the Construction Chemicals Market?
Asia-Pacific was the largest region in the construction chemicals market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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