Construction Chemicals Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

Construction Chemicals Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product (Concrete Admixtures, Asphalt Additives, Waterproofing Chemicals, Adhesives and Sealants, Flame Retardants, and Others), Application (Residential, Commercial, Industrial, Institutional, and Infrastructure), and Geography

  • Report Code : TIPRE00003947
  • Category : Chemicals and Materials
  • No. of Pages : 150
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Construction Chemicals Market Growth Report by 2031

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The Construction Chemicals Market size is projected to reach US$ 88.2 billion by 2031 from US$ 53.4 billion in 2023. The market is expected to register a CAGR of 5.8% in 2023–2031. The rising demand for green buildings is likely to remain a key Construction Chemicals Market trend.

Construction Chemicals Market Analysis

The construction chemicals enhance the workability, functionality, performance, durability, and chemical resistance of the construction materials. The construction industry across the globe is rapidly growing. Further, European countries are creating and strengthening their infrastructure by enacting reforms and legislation, which drives the growth of the real estate sector. In North America, the construction industry is one of the major contributors to the region's economy. As per Associated General Contractors of America (AGC), the US construction industry constructs structures worth US$ 1.8 trillion each year. As per data published by India Brand Equity Foundation, India is planning, to spend US$ 1.4 trillion on infrastructure projects, to ensure sustainable development in the country. Hence, the strong growth of the construction industry in developing countries is driving the construction chemicals market.

Construction Chemicals Market Overview

Construction chemicals are chemical formulations utilized with masonry materials, cement, concrete and other construction materials during the time of construction to hold the materials together.

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Construction Chemicals Market: Strategic Insights

construction-chemicals-market
Market Size Value inUS$ 50,952.86 Million in 2022
Market Size Value byUS$ 71,449.75 Million by 2028
Growth rateCAGR of 5.8% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
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Shejal

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Construction Chemicals Market Drivers and Opportunities

Government Support for the Development of Residential Construction

Construction chemicals play a vital role in the residential sector. The governments and regulatory authorities in the Asia Pacific are focusing on infrastructure investment. In India, growing industrialization, increasing population, growing middle-class income, and increasing infrastructure development is responsible for the growth in construction activities. As per the data published by the National Investment Promotion & Facilitation Agency (India), the Indian construction industry is projected to reach US$ 1.4 trillion by 2025. Moreover, the Government of India initiatives such as Housing for All, Smart Cities Mission, and Swachh Bharat Abhiyan are projected to boost the demand for building materials in India.

Development and Adoption of Ready-Mix Concrete

Ready-mix concrete (RMC) is concrete manufactured in a batch plant, as per specific job requirements, then delivered to the job site. Ready-mix concrete is beneficial where a small amount of concrete or intermittent placing of concrete is required. The advantages of ready-mix concrete makes it a more preferable and efficient alternative to site-mix concrete. Therefore, the development and adoption of ready-mix concrete offers lucrative opportunities for the construction chemicals market growth.

Construction Chemicals Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Construction Chemicals Market analysis are product, mode of application, and crop type.

  • Based on product, the Construction Chemicals Market is divided into concrete admixtures, asphalt additives, waterproofing chemicals, adhesives and sealants, flame retardants, and others. The concrete admixtures segment held a larger market share in 2023.
  • By application, the market is segregated into residential, commercial, industrial, institutional, and infrastructure. The residential segment held the largest share of the market in 2023.

Construction Chemicals Market Share Analysis by Geography

The geographic scope of the Construction Chemicals Market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America.

Asia Pacific has dominated the Construction Chemicals Market. The Asia Pacific is one of the leading markets for construction chemicals owing to the upsurge in construction activities. China and India are witnessing growth in urbanization, an increase in residential sector, which offer ample opportunities for key market players in the construction chemical market. Also, Asia Pacific is anticipated to grow with the highest CAGR in the coming years.

Construction Chemicals Market Report Scope

Construction Chemicals Market News and Recent Developments

The Construction Chemicals Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

  • Sika has opened a new plant in Santa Cruz de la Sierra, for doubling its production capacity for mortar and concrete admixtures in Bolivia. The new facility in one of the country’s main industrial agglomerations, Sika is positioning itself for continued growth in the dynamic Bolivian construction market. (Source: Sika AG, Press Release, 2024)

Construction Chemicals Market Report Coverage and Deliverables

The “Construction Chemicals Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Market dynamics such as drivers, restraints, and key opportunities
  • Key future trends
  • Detailed Porter’s Five Forces and SWOT analysis
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
  • Detailed company profiles
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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