Construction Chemicals Market Research Report And Forecast 2022 – 2030

Market Highlights

 The global construction chemicals market size is expected to reach USD 67.61 billion by 2024, according to a new report by Grand View Research, Inc. The global market is estimated to register a CAGR of 6.3% during the forecast period. Rising urbanization, coupled with various infrastructural developments are boosting the market growth.

Construction chemicals are the chemical compounds used to modify the properties of the construction materials. These chemicals reduce the amount of water used in construction. They play a crucial role in improving the overall performance of a building and non-building structures. These chemicals can be categorized into different product segments including concrete admixtures, construction adhesives, construction sealants, protective coatings, and waterproofing chemicals.

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The most important group of raw materials found in almost every construction chemical formulation are polymers. In many cases, the chemical producer, construction chemical manufacturer, and end-user work together on the formulation to get the desired product. Most of the key players in this market spend around 3% of their total expenditure on R&D activities every year. BASF SE, The Dow Chemical Company, Bayer Material Science, Wacker Chemie AG, and SABIC are some of the major raw material suppliers for these chemicals.

China is the largest regional market for construction chemicals. The building and construction industry in China has been growing at a rate of around 16.2% annually. The non-residential building is expected to be the largest construction market. Rapid urbanization is one of the major factors for the growth of the construction industry in China. In 2014, the Chinese government launched “New Style Urbanization Plan (2014-2020)” to build green cities, smart cities, and cultural cities. In addition, EU-China partnership and agreements for urban development have played an important role in the development of the construction sector in China.

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Construction Chemicals Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)

·         Concrete Admixtures

·         Concrete Adhesives

·         Concrete Sealants

·         Protective Coatings

Construction Chemicals End-use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)

·         Residential

·         Non-residential & Infrastructure

Construction Chemicals Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)

·         North America

o    The U.S.

·         Europe

o    Germany

o    Italy

o    France

o    The U.K.

·         Asia Pacific

o    China

o    India

o    Japan

o    South Korea

·         Latin America

o    Brazil

·         Middle East & Africa (MEA)

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About Us:

 Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world’s renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.

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