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Construction Chemicals Market Segmentation and Major key Players Analysis 2024

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 market growth. 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.


Construction chemicals are the chemical compounds used to modify the properties of the construction materials. These chemicals reduce the amount of water used in a 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.

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.

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Non-residential and infrastructure end-use segment is expected to have high penetration due to rapid urbanization in emerging economies. On the other hand, residential segment is expected to witness the fastest growth rate of 6.6% durign the forecast years, in terms of revenue. Construction chemicals are used in new buildings, as well as for repair and rehabilitation of the old buildings. They reduce the water and cement content in the concrete and impart chemical properties such as cross-linking, which result in increased strength of the mortar.

Top Players of Construction Chemicals Market:

Major companies in the market include BASF SE; Pidilite Industries Ltd.; FOSROC Chemicals India Pvt. Ltd.; Sika AG; W. R. Grace and Co.; Dow Chemical Co.; RPM International, Inc.; Arkema S.A.; and Mapei S.p.A.

Market Segmentation of Construction Chemicals Market:

The Global Construction Chemicals Market segmented on the basis of Product, End Use, and Region.

By Product:

Concrete Admixtures
Concrete Adhesives
Concrete Sealants
Protective Coatings

By End-Use:

Residential
Non-residential & Infrastructure

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)

Inquire about Construction Chemicals Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1390/ibb 
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