Global Construction Chemicals Market Overview, 2023-28

Construction chemicals play a crucial role in enhancing the performance and durability of building materials, and there is a growing trend towards incorporating sustainable practices in the construction industry. To meet this trend, the construction chemical industry is also working towards developing sustainable solutions that minimize the environmental impact of construction activities. Construction chemicals can also be made from recycled materials, such as recycled plastics, glass, or rubber. This reduces waste and conserves natural resources. This factor will drive the market during the forecast period. Construction chemicals are chemical substances that are mixed with cement, concrete, or other building materials during construction to hold them all together. The project will be more sustainable, and the building materials will be of higher quality. Chemical compounds called construction chemicals are utilized in construction projects. They are primarily employed to speed up the procedure and provide the buildings with greater sustainability and strength. Construction chemicals are used in various building materials to improve workability, and performance, provide functionality, and preserve the fundamental or bespoke aspects of a structure during construction. The most important component of any chemical enterprise is these compounds. The environments of the entire construction sector have changed as a result of construction chemicals. Their use has increased building material quality, and as a result, they are widely used in construction projects to provide sustainability. The rise in demand for infrastructure development is what is driving the global market for construction chemicals. There is a rising demand for new and upgraded infrastructure, including roads, bridges, airports, and buildings, as the world’s population continue to increase. Construction chemicals are essential in improving the functionality and toughness of these structures by increasing their resistance to deterioration, weathering, and environmental influences. The market has expanded as a result of the introduction of new building chemical products and technologies. Buildings can now be built taller and stronger because to the development of high-performance concrete admixtures, and new waterproofing and sealing techniques have increased infrastructure's resilience and lifetime.

According to the research report, “Global Construction Chemicals Market Overview, 2023-28” the market is anticipated to cross USD 120 Billion by 2028, increasing from USD 83.59 Billion in 2022. The market is expected to grow with 6.58% CAGR by 2023-28. Rapid urbanization is occurring worldwide, leading to an increased demand for infrastructure development. Cities are expanding, and new construction projects, including residential, commercial, and public infrastructure, are on the rise. To ensure the durability and longevity of these structures, construction chemicals are essential. There is a growing emphasis on sustainable construction practices. Governments, businesses, and consumers are increasingly concerned about the environmental impact of construction. This has led to the adoption of green building standards and the use of construction chemicals that reduce energy consumption, lower emissions, and promote environmentally friendly practices. Construction chemicals play a crucial role in improving the performance and longevity of buildings and structures. They enhance the strength of concrete, protect against corrosion, improve insulation, and ensure waterproofing. This not only leads to safer and more durable structures but also reduces long-term maintenance and repair costs. Building codes and regulations are becoming more stringent in many regions, requiring the use of certain construction chemicals to meet safety and environmental standards. This has created a consistent demand for products that comply with these regulations. The construction chemicals industry has seen significant technological advancements. Nanotechnology, for example, has enabled the development of high-performance additives and coatings. Additionally, digitalization, including the use of sensors and IoT technology, is helping monitor and manage construction chemical applications in real-time. Also, the increasing frequency of natural disasters has prompted a focus on resilient construction. Construction chemicals that enhance earthquake resistance, fire protection, flood mitigation, and other safety measures have gained prominence.

Based on the region, South America is on second while growing during the forecast period. South America is experiencing significant infrastructure development, including transportation systems, energy facilities, water and sewage projects, and urban development. These projects require construction chemicals for various purposes such as concrete strengthening, waterproofing, and protection against corrosion. Like many other parts of the world, South America is witnessing a rapid urbanization trend. As people move to cities and urban areas expand, there is a growing demand for residential and commercial buildings, which drives the need for construction chemicals to enhance the quality and durability of structures. Governments and private developers are investing in housing projects to address housing shortages in some South American countries. Construction chemicals play a crucial role in ensuring the longevity and quality of housing structures. Environmental concerns are pushing for the adoption of sustainable building practices in South America. This includes the use of construction chemicals that reduce the environmental impact of construction, such as low-VOC materials and eco-friendly coatings. In addition to new construction projects, there is a growing need for retrofitting and renovating existing infrastructure, which requires the use of chemicals to improve the performance and safety of aging buildings and facilities. Also, the region is prone to natural disasters such as earthquakes, floods, and landslides. As a result, there is a growing need for construction chemicals and materials that enhance the resilience of structures and protect against these disasters.

Many countries, especially in developed regions, have aging infrastructure. Bridges, roads, buildings, and other structures require maintenance, repair, and rehabilitation to extend their lifespan. This creates a consistent demand for repair and rehabilitation construction chemicals. It is often more cost-effective to repair and rehabilitate existing structures rather than building new ones from scratch. This economic consideration drives the demand for construction chemicals that can strengthen, repair, and protect aging structures. Repair and rehabilitation align with sustainable construction practices. Instead of demolishing and discarding old structures, refurbishing and retrofitting them is a more environmentally friendly option. This trend supports the use of construction chemicals that can improve the durability and sustainability of existing buildings and infrastructure. In many regions, regulations and building codes now require the repair and rehabilitation of existing structures to meet modern safety and environmental standards. Compliance with these regulations necessitates the use of construction chemicals. Repair and rehabilitation are crucial for preserving cultural and historic landmarks. Construction chemicals play a significant role in restoring and maintaining these structures while adhering to historical preservation standards. The repair and rehabilitation segment is experiencing growth due to the maturity of the construction industry in many regions. With a substantial inventory of existing structures, the maintenance and improvement of these assets become increasingly important.

As urban areas expand, there is a growing demand for infrastructure development to accommodate the increasing population. This includes the construction of roads, highways, bridges, airports, ports, and public transportation systems. These projects require a wide range of construction chemicals for applications such as concrete strengthening, waterproofing, and corrosion protection. Many governments, both in developed and emerging economies are increasing their investments in infrastructure development as a means to stimulate economic growth. Large-scale infrastructure projects, such as the construction of transportation networks, energy facilities, and water and sewage systems, are being funded by governments, which, in turn, drive the demand for construction chemicals. There is a growing focus on sustainability, which includes the construction of renewable energy projects such as wind farms and solar power facilities. The construction chemicals industry plays a crucial role in providing materials and solutions to support these sustainable initiatives. Given the increasing frequency of natural disasters, there is a heightened focus on building resilient infrastructure. This includes the use of construction chemicals and materials that enhance earthquake resistance, flood protection, fire safety, and overall disaster resilience. Advances in construction chemical technology have led to the development of high-performance products that improve the quality, strength, and durability of infrastructure. For example, advanced concrete admixtures, protective coatings, and waterproofing solutions have become more effective and widely used. The construction chemicals industry is involved in the development of water and wastewater infrastructure projects, including water treatment facilities and sewage systems. These projects are vital for ensuring public health and sanitation.

Market Drivers

• Retrofit and Renovation: As existing infrastructure ages, there is a growing need for retrofitting and renovation. Construction chemicals play a vital role in extending the life of older structures, improving their energy efficiency, and making them compliant with modern construction and safety standards.
• Population Growth: The global population continues to grow, increasing the demand for residential and commercial buildings. This growth drives the need for construction chemicals that can accelerate construction timelines, increase efficiency, and improve the quality of structures.

Market Challenges

• Supply Chain Disruptions: Supply chain disruptions, such as those caused by natural disasters, economic downturns, or global events like the COVID-19 pandemic, can impact the availability and cost of raw materials, causing challenges for manufacturers in the construction chemicals industry.
• Technical Expertise: The effective use of construction chemicals often requires specialized knowledge and technical expertise. Ensuring that construction professionals are trained and capable of using these products correctly is a persistent challenge.

Market Trends

• Resilience and Disaster Mitigation: Given the increasing frequency of extreme weather events and natural disasters, there is a trend towards construction chemicals and materials that enhance the resilience of structures. This includes products for earthquake resistance, flood protection, and fire-resistant coatings.
• Digital Twin Technology: Digital twin technology is becoming more prominent in the construction chemicals industry. It involves creating digital replicas of physical structures, which allows real-time monitoring, predictive maintenance, and performance optimization. Construction chemicals can play a role in enhancing the durability and performance of these structures.
• Circular Economy: There's a growing emphasis on the circular economy, which promotes the reuse, recycling, and repurposing of construction materials. Construction chemicals are increasingly being developed with an eye toward recyclability and minimizing waste in the construction process.
• Customization and Specialty Products: Tailoring construction chemicals to meet specific project requirements is a rising trend. Companies are developing specialty products for unique applications, including additives for underwater concrete, high-temperature-resistant coatings, and anti-graffiti solutions.

Covid-19 Impacts

The market for building chemicals suffered as a result of the coronavirus outbreak. The market suffered a significant financial blow as a result of the major disruptions in various manufacturing and construction operations brought on by the various precautionary lockdowns implemented by governments to stop the spread of disease. All around the world, especially in major construction hotspots like China, India, the United States, and European nations, construction activities ceased. The market can experience a loss of investment plans and the cancellation of planned projects after the lockdown and the resumption of corporate activities, harming building and construction throughout the region. Over the projected period, the aforementioned factors will have an impact on the market's revenue trajectory.

Competitive Landscape

The global construction chemicals market share is competitive with major players including 3M Company, BASF SE, H.B. Fuller, Mapei S.p.A, The Dow Chemical Company, Sika AG, Pidilite Industries Limited, RPM International Inc, Henkel AG & Co. KGaA, Akzo Nobel N.V., Wacker Chemie AG, Covestro AG, Thermax Ltd, Compagnie de Saint-Gobain S.A., Jotun Group, Ashland Inc, Fosroc International Ltd., Bostik, Axalta Coating Systems Ltd and The Sherwin Williams Company. Industrial participants are focusing mainly on acquisitions and strategic partnership to increase their overall market share. Also, most of the manufacturers are spending in the new and novel product innovation to gain a competitive edge within the international and domestic market. Also, companies offer a wide range of construction chemicals for new and existing infrastructure applications. For instance, Sika AG provides a wide range of construction chemical products which are used in cement, repair & rehabilitation, insulation, waterproofing, flooring, and others.

Key Developments

• In July 2022, Scatec and its partners have started work on the 531MW Mendubim solar project in Rio Grande do Norte, Brazil.
• In May 2022, Sika has opened a new facility in Santa Cruz de la Sierra, Bolivia. The investment would allow the company to double output of mortar and concrete admixtures and solidify its position in the Bolivian construction market.
• In May 2022, The CMA will look into Saint-Gobain's acquisition of GCP Applied Technologies. In December 2021, Saint-Gobain announced that they had reached an agreement to buy GCP for $2.3 billion in a deal valued at roughly $2.3 billion (USD).
• In February 2022, Sika established a new manufacturing facility in Tanzania, East Africa, and is already producing mortars as well as concrete admixtures locally. This investment will help the company in backward integration.
• In January 2022, Holcim agreed to buy PRB Group, France's largest independent maker of specialty building solutions, for EUR 340 million (USD 395 million) in net sales in 2022 (estimated). PRB Group provides a wide range of high-performance building solutions, including coatings, insulation, adhesives, and flooring systems, as well as sophisticated energy efficiency and rehabilitation solutions.

Considered in this report:

• Geography: Global
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:

• Global Construction Chemicals market Outlook with its value and forecast along with its segments
• Region-wise Construction Chemicals market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions & Countries covered in the report

• North America
• Europe
• Asia-Pacific
• South America
• Middle-East & Africa

By Product Type:

• Concrete Admixture
• Waterproofing Chemicals
• Repair and Rehabilitation
• Adhesives and Sealants
• Industrial Flooring
• Surface Treatment
• Cement Grinding Aids
• Protective Coatings
• Grout and Anchor

By End-User Industry:

• Commercial
• Residential
• Industrial
• Infrastructure

Intended audience:

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Construction Chemicals industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.