Construction Chemicals Market Size to be valued at US$ 104.92 billion in 2032

Construction Chemicals Market

According to a recent industry analysis by Future Market Insights, the construction chemicals market is expected to be worth US$ 54.85 billion in 2022. (FMI). Over the projection period, demand is expected to increase at a CAGR of 6.7%.

Major players in the construction chemical industry are focusing on environmentally friendly and sustainable products for cool roof treatments, thermal insulation, overall building protection, polycarboxylate ether-based green admixtures, and underground structure protection.

Demand for construction chemicals is boosted by rising living standards and per capita disposable income. There is probably more residential and non-residential construction to accommodate the growing demand brought on by urbanization. However, government regulations forbid the excessive use of construction chemicals, as VOC emissions prevent the construction chemicals market for these materials from growing.

In order to emphasize multifunctional properties and significantly support unique materials with a variety of uses, the building chemicals industry is generating a wide range of solutions, such as small changes of conventional materials and the development of new material assemblages.

Applications of construction chemicals are essential for maintenance tasks. The importance of maintaining, repairing, and enhancing existing structures, particularly for residential and infrastructural developments, is what drives demand for construction chemicals.

Download Sample Copy of Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-284

Numerous government initiatives to promote infrastructure development, together with the rising residential sector, have significantly supported the market expansion in the area over the predicted period.

Key Takeaways 

  • The construction chemicals market is likely to have a CAGR of 7% during the forecast period.
  • According to the application, the resident segment holds the largest share during the forecast period for the construction chemicals
  • North America holds a significant share in the global construction chemicals
  • Based on type, concrete admixture accounted for the 36% construction chemicals market share in 2021.
  • During the forecast period, Asia Pacific is expected to dominate the construction chemicals market.
  • The value of the construction chemicals market is expected to be US$ 104.92 billion by 2032.

Competitive Landscape:

To meet changing consumer demand, manufacturers of construction chemicals prioritize increasing production capacity. Construction chemical market trends are predicted to be influenced by portfolio expansion and divestment plans over the anticipated time period.

To boost their market share in the construction chemicals industry, the leading companies in this space mostly employ acquisition and growth strategies.

The DOW Chemical Co., RPM International Inc, Ashland Inc., MAPEI, Akzo Nobel NV, Arkema SA, Fosroc, Pidilite Industries, Covestro AG, Henkel AG & Co. KGaA, HB Fuller Company, Lanxess AG, The 3M Company, Wacker Chemie AG, Huntsman Corporation, Momentive Performance Materials, Guangzhou Jointas Chemical Co. Ltd are some major key players in the construction chemicals market.

Visit for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-284

Construction Chemicals Market Key segments

By Product Type:

  • Waterproofing Chemicals
  • Protective Coating
  • Concrete Admixture
  • Adhesives & Sealants
  • Asphalt Additives

By Application:

  • Residential
  • Commercial & Industrial
  • Infrastructure

Recent Developments

  • In July 2021, Saint-Gobain and Chryso, a major player in the worldwide construction chemicals market, entered into a purchase agreement. The purchase of Chryso matches Saint-strategic Gobain’s ambition of being the global leader in sustainable construction. With combined sales of more than €3 billion across 66 countries, it further increased the Group’s footprint in the developing construction chemicals sector.
  • With the debut of a distinct green product line in the category, JSW Cement, India’s top green cement business, entered the construction chemical market in June 2021. JSW Cement now has new chances to connect innovation in concrete mix products with ethical construction thanks to the Construction Chemical category. The business of the corporation grew as a result of this development.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
LinkedIn| Twitter| Blogs

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these