The post-pandemic surge in construction activities has significantly skyrocketed the demand for materials associated with infrastructure development.
Chemicals, being one of them, are also getting huge calls from companies involved in construction, be it private or public. This has taken its expected market valuation to a staggering USD 48,209.4 million as of 2024.
With governments investing billions of dollars in creating smart cities and modern infrastructure, this demand is going to experience an upward trajectory in the coming years.
The market is expected to progress at a modest CAGR of 5.20% through 2034. The adoption of these chemicals for residential settings is further observed to contribute to the expansion of this market.
With the mechanization of the construction sector, an enormous amount of roads, dams, buildings, shopping malls, etc., are being built in emerging economies like India, South Korea, Brazil, Thailand, etc. These projects generate an excellent demand for these chemicals and are responsible for taking the anticipated market valuation to an outstanding USD 79,548.1 million by the end of 2034.
| Attributes | Details |
|---|---|
| Market Value for 2024 | USD 48,209.4 million |
| Projected Market Value for 2034 | USD 79,548.1 million |
| Value-based CAGR of the Market for 2024 to 2034 | 5.20% |
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Various chemicals are used in the construction sector, such as waterproofing chemicals, protective coatings, concrete admixtures, adhesives and sealants, and asphalt additives. Among these, concrete admixture is in line to take a major share of 62.70% of the total market for 2024.
| Attributes | Details |
|---|---|
| Product Type | Concrete Admixture |
| Market Share (2024) | 62.70% |
Construction companies are generating an excellent demand for concrete admixtures as they help in achieving better performance and longevity of concrete structures, thus reducing maintenance costs over time.
These concrete admixtures also enable faster construction and enhance the quality of concrete, making them indispensable in urban development projects. Besides this, the clamor is also attributed to the sustainable nature of these admixtures in comparison to their counterparts.
Construction chemicals are used in various applications, such as residential, commercial, and infrastructural. Among these, the residential sector is slotted in to hold a market share of 41.50% in 2024.
| Attributes | Details |
|---|---|
| Application | Residential |
| Market Share (2024) | 41.50% |
Homeowners are utilizing the full potential of construction chemicals. They are increasingly prioritizing the durability and longevity of their residential structures. Chemicals such as waterproofing agents, corrosion inhibitors, and sealants help protect buildings from moisture damage, corrosion, and other environmental factors.
Besides this, these chemicals also play a crucial role in enhancing the aesthetic appeal of residential properties. Decorative coatings, colored concrete additives, and surface treatments can transform ordinary surfaces into visually appealing features.
| Countries | CAGR (2024 to 2034) |
|---|---|
| India | 10.72% |
| China | 8.04% |
| Spain | 5.36% |
| France | 5.03% |
| Italy | 4.69% |
The India construction chemical market is a promising one. It is slated to grow at a CAGR of 10.72% through 2034.
The Indian government, from time to time, has been announcing various schemes and policies, such as the Indira Awaas Yojana, to provide affordable housing solutions to the economically disadvantage population in the country.
These subsidies have bolstered the construction sector, and hence the demand for chemicals for construction, in India. Besides this, the government has also been partaking in various infrastructural development activities, such as the construction of smart cities, dams, roads, buildings, etc. This automatically generates excellent demand for these chemicals in the country.
China is a lucrative country in this market. The market in China is set to grow at a CAGR of 8.04% through 2034.
China has been experiencing robust economic growth in the past few decades, especially after the recent pandemic. Companies involved in the construction business have been pouring billions of dollars into building modern and sophisticated commercial buildings in the country.
This rapid growth naturally generates huge clamor for chemicals in the country as they are essential for ensuring the quality, durability, and sustainability of these modern structures. Besides this, China’s dominance in the chemical sector has also contributed to the overall expansion of this market in recent times.
The future of the Spanish construction chemical market looks bright. The market is slated to grow at a CAGR of 5.36% in the country through 2034.
Spain has been experiencing enormous migration of foreigners for education and employment purposes. This has turned their major cities like Barcelona, Madrid, Valencia, Seville, etc., into major hotspots for residential buildings in the past few years.
This seismic shift in the residents has put tremendous pressure on the real estate businesses of Spain. Thus these companies are demanding enormous amounts of chemicals to sustain the quality and durability of residential construction projects.
The French construction chemical market is slated to grow at a CAGR of 5.03% for the forecasted period of 2024 to 2034.
France is blessed with a multitude of historical buildings and monuments that are centuries old, especially in cities like Paris, Lyon, Marseille, and Bordeaux.
These monuments require regular maintenance and for this specialized chemicals such as consolidants, repair mortars, cleaning agents, etc. are utilized. Besides this, the French government's efforts to promote green-building initiatives have also boosted the demand for these chemicals in the country.
The market in Italy is likely to flourish in the coming years. It is slated to grow at a CAGR of 4.69% through 2034.
Italy’s construction sector has seen a tremendous revival in the last few years. This is primarily due to the improving economic conditions and the government’s efforts to subsidize construction activities in the country.
This has created lucrative conditions for the expansion of the market in the country as the chemicals are being increasingly used in sustaining the quality and durability of construction projects.
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The marketplace is filled with companies that manufacture and supply these chemicals to firms involved in real estate. These companies have a strong foothold in the market, primarily due to their prolonged presence in the market. Companies in the market are also collaborating and merging to take advantage of each other’s expertise.
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The construction chemical market is expected to be worth US$ 48,209.4 million in 2024.
The construction chemical market is expected to reach US$ 79,548.1 million by 2034.
The construction chemical market is expected to grow at a CAGR of 5.20% from 2024 to 2034.
Sika AG, BASF SE, Dow Chemical Company, Henkel AG & Co. KGaA, RPM International Inc., Fosroc International Limited, and MAPEI Corporation, are some of the major players in the construction chemical industry.
The valuation of the construction chemical market in 2023 was US$ 45,701.9 million.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 5.1. Waterproofing Chemicals 5.2. Protective Coating 5.3. Concrete Admixture 5.4. Adhesives & Sealants 5.5. Asphalt Additives 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 6.1. Residential 6.2. Commercial & Industrial 6.3. Infrastructure 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. GCP Applied Technologies 17.2. SIKA AG 17.3. The DOW Chemical Co. 17.4. RPM International Inc. 17.5. Ashland Inc. 17.6. MAPEI 17.7. Akzo Nobel NV 17.8. Arkema SA 17.9. Fosroc 17.10. Pidilite Industries 17.11. Covestro AG 18. Assumptions & Acronyms Used 19. Research Methodology
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