The global construction chemicals industry size is set to gain traction owing to the changing dynamics of the construction industry. The industry valuation is slated to rise from USD 42.32 billion in 2018 to USD 70.91 billion by 2026 at a CAGR of 6.4% during 2024-2032. Fortune Business Insights^TM has presented this information in its report titled “Construction Chemicals Industry Size Report, 2024-2032”. Construction activities involve the use of specialized chemical compounds known as construction chemicals. These substances are added to building materials including cement, concrete, coatings, and others where they accelerate construction work, provide great strength and durability, and provide additional protection from environmental threats.

Construction Chemicals Industry Report Coverage -

The construction chemicals industry is discussed exhaustively in the report. The report covers in-depth details on the COVID-19 impact, growth opportunities, driving and restraining factors of the industry. Furthermore, the report comprises the regional insights and strategies employed by the key industry players. 

Drivers & Restraints -

Rising Urbanization in Construction Industry to Propel industry Growth

Emerging industries are witnessing faster urbanization due to the rising migration in developing cities. Improved lifestyle and a rise in per capita income is anticipated to foster the complete industry demand. Advanced residential and non-residential structures are likely to be constructed to satisfy the growing need due to urbanization. Commercial structures such as shopping complexes, restaurants, movie theatres, and hospitals coupled with residential construction is on a constant rise. These factors will augment the construction chemicals industry's growth. However, government policies over volatile organic compound emissions on the construction industry may hamper the industry growth.

Source- https://www.fortunebusinessinsights.com/construction-chemicals-market-102539 

Regional Construction Chemicals Insights -

Asia Pacific to Dominate the Industry Owing to the Rising Construction Activities

The Asia Pacific region will hold the largest construction chemicals industry share for construction chemicals due to the growing building industries in Japan, India, China, and South Korea. Due to its rapidly expanding population, China is a significant consumer of building chemicals. The growing industrialization is also driving growth in the construction chemicals industry.

In 2018, North America's industry for building chemicals was worth $9.8 billion. Growing construction activity in the U.S. and Canada is a key factor in this region's industry. Throughout the projected period, the industry will grow significantly because to a number of government programmes to support infrastructure development and the expanding residential sector.

In Europe, the construction chemical industry is expected to be driven primarily by the residential industry, which includes middle-class, affluent, and affordable housing. The industry is growing quickly for  bungalows, apartments, penthouses, and villas with amenities and upscale designs.

A high CAGR is anticipated for the industry in Latin America, the Middle East, and Africa over the forecast period. Construction chemicals are expected to be in high demand in these locations due to the availability of readily accessible raw materials, underdeveloped industrys, and consumers from around the world who have a strong desire for commercial and residential structures.

List of Key Players in the Global Construction Chemicals Industry:

BuildCore Chemicals, Croda International Plc, ACC Limited, Evonik, BASF SE, Fosroc, Inc., CHRYSO India, SWC Brother Company Limited., Sika AG, 3M Company

Competitive Landscape -

Companies To Employ Strategic Partnerships to Maintain industry Position

To enhance their overall industry share, industrial actors are primarily concentrating on strategic partnerships and acquisitions. In order to acquire a competitive edge in the domestic and international industrys, the majority of manufacturers are also investing in the development of new and novel products. For applications in both new and old infrastructure, businesses also provide a wide range of construction chemicals.

Construction Chemicals Industry Segmentation -

On The Basis of Type, Concrete Admixtures to Dominate the industry

There are several types of chemicals that are used in the concrete admixture industry, such as concrete admixtures, flooring chemicals, waterproofing chemicals, repair & rehabilitation chemicals, and others. In construction, cement is frequently employed as a binding agent. Concrete is made by mixing cement in precisely measured amounts with water, sand and crushed rock. The characteristics of concrete are then enhanced by the addition of concrete admixtures. They offer advantages including a low cement water ratio, accelerated setting time, reduced segregation, and increased pumpability.

On the Basis of Application, Non-Residential Segment will Assist in Dominance

On the basis of application the construction chemicals industry is bifurcated into non-residential and residential. Due to expanding infrastructural development, the non-residential category among them predominated. The need for office buildings, bridges, highways, tunnels, and dams is accelerating industry expansion. In addition to expanding disposable economies, a high population rate and better quality structures are driving growth for global construction chemicals. Geographically, the industry is classified into Asia Pacific, Latin America, North America, Europe, Middle East and Africa.

Construction Chemicals Industry Developments

July 2021 – A deal was negotiated for Saint-Gobain to acquire Chryso, a significant player in the global construction chemical industry. The acquisition of Chryso perfectly satisfies Saint-desire Gobain's to be the world leader in environmentally friendly construction. In 66 countries, the Group will together sell building chemicals worth more than €3 billion. In 66 countries, the Group will together sell building chemicals worth more than €3 billion.