Vancouver, Oct. 11, 2023 (GLOBE NEWSWIRE) -- The global Construction Chemicals Market size was USD 49.90 Billion in 2022 and is expected to register a revenue CAGR of 6.0% during the forecast period, according to the latest analysis by Emergen Research. Significant investments in specialized waterproofing and chemical-resistant coatings are major factors driving the market revenue growth. Waterproofing products and solutions are in high demand, especially in regions prone to heavy rainfall or flooding. Construction chemicals for below-grade waterproofing, roof waterproofing, and waterproofing of critical structures are major trends in the global market. Industries that deal with chemicals, such as chemical processing plants, are seeking advanced coatings and linings that provide superior chemical resistance and protection for their infrastructure.
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Regulatory compliance, resistance to change, and long adoption cycles are major factors restraining the market revenue growth. Stringent regulations and compliance requirements in various regions can create barriers to entry and limit the use of certain construction chemicals. Manufacturers are investing in expensive testing and certification processes to meet these regulations, which can increase costs and slow down market revenue growth. The construction industry is conventionally conservative and can be resistant to change. Some contractors and builders prefer conventional construction methods and materials over newer construction chemicals. Construction projects often have long planning and adoption cycles. The time it takes for new construction chemicals to gain acceptance and be specified in projects can be significant, slowing down market revenue growth.
Scope of Research
| Report Details | Outcome |
| Market size in 2022 | USD 49.90 Billion |
| CAGR (2023–2032) | 6.0% |
| Revenue forecast to 2032 | USD 89.78 Billion |
| Base year for estimation | 2022 |
| Historical data | 2019–2021 |
| Forecast period | 2023–2032 |
| Quantitative units | Revenue in USD Billion and CAGR in % from 2023 to 2032 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Product type, end-use, and region |
| Regional scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Country scope | U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, Rest of MEA |
| Key companies profiled | Mapei, Sika, 3M, Evonik, Fosroc, ACC Limited, Cera-Chem Pvt. Ltd., Chembond Chemicals Limited, Flowcrete Group Ltd., SWC Brother Company Limited |
| Customization scope | 10 hours of free customization and expert consultation |
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Major Companies and Competitive Landscape
The global construction chemicals market is fairly fragmented, with many large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective construction chemical products. Some major players included in the global construction chemicals market report are:
- Mapei
- Sika
- 3M
- Evonik
- Fosroc
- ACC Limited
- Cera-Chem Pvt. Ltd.
- Chembond Chemicals Limited
- Flowcrete Group Ltd.
- SWC Brother Company Limited
Strategic Development
- On 20 May 2021, Saint Gobain, which is a leading manufacturer and distributor of performance materials in the construction and industrial markets based in Courbevoie, France, announced the acquisition of Chryso, a global player in the construction chemicals market offering differentiated and innovative solutions, from funds advised by Cinven, an international private equity firm. Chryso's acquisition fits well into Saint-Gobain's strategic ambition of global leadership in sustainable construction. With combined sales of more than USD 3 billion across 66 countries, it will further strengthen the Group's footprint in the burgeoning building chemicals sector.
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Some Key Highlights From the Report
- The concrete admixture segment accounted for a moderately large revenue share in 2022. Increasing focus on sustainability, strength, and durability are major factors driving revenue growth of this segment. The construction industry is increasingly focused on sustainability and environmental responsibility. Concrete admixtures that reduce the carbon footprint of concrete, enhance energy efficiency or use recycled materials are in high demand. In addition, concrete admixtures can improve strength and durability of concrete, making it suitable for a wider range of applications, including high-rise buildings, bridges, and industrial structures.
- The industrial segment accounted for a moderately large revenue share in 2022. Increasing focus on resistance against corrosion, chemicals, and abrasion among others is a major factor driving revenue growth of this segment. Many industrial facilities, such as chemical plants, refineries, and manufacturing plants, are exposed to corrosive environments. Construction chemicals such as corrosion-related coatings, sealants, and repair mortars are essential for protecting structures and equipment from corrosion.
- The market in Europe accounted for a moderately large revenue share in 2022. Significant investments in restoration of historic buildings and rising demand for advanced construction technologies are major factors driving the market revenue growth in this region. Europe is home to many historic buildings and monuments that require restoration and preservation. Construction chemicals are used in these projects to maintain the historical and architectural integrity of these structures.
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Emergen Research has segmented the global construction chemicals market on the basis of product type, end-use, and region:
- Product Type Outlook (Revenue, USD Billion; 2019-2032)
- Adhesives and Sealants
- Concrete Admixture
- Others
- End-Use Outlook (Revenue, USD Billion; 2019-2032)
-
- Commercial
- Industrial
- Residential
- Others
- Regional Outlook (Revenue, USD Billion; 2019–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
- North America
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, and across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Technology, Chemicals, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provide our clients with the ability to secure an edge over their respective competitors. For more information, visit
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