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MA2004175 |
Pages: 95 |
Jul 2021 |
The global construction chemicals market forecast shall be $48.9 billion by 2026, surging from $31.7 billion in 2018 at a healthy rate of 5.6%. Asia-Pacific construction chemicals market is projected to rise at a noteworthy CAGR of 6.2% by registering a revenue of $11.3 billion throughout the analysis period. Massively increasing urbanization rate, and the strong presence of market leaders of construction chemicals in this region is expected to accelerate the Asia-Pacific market growth.
Construction chemicals are primarily used by the civil repair and construction industry for infrastructure-based development. Construction chemicals help to improve concrete strength and quality, along with protecting concrete structures from atmospheric degradation. Construction chemicals have a wide range of applications like waterproofing, concrete modification, and repair.
Significantly growing urbanization along with booming construction activities across the globe are the key factors for the rising demand for construction chemicals, during the forecast period. For instance, as per the study conducted by the UN (United Nations), the global population is expected to reach approximately 11.2 billion by the year 2100. Thus, it is projected that globally around 2 billion new homes will be needed in the coming 80 years. In addition, heavy downpours, wetter winters, and milder climate drastically reduce the durability of construction projects such as roads and buildings. The vulnerability of climate also affects the indoor climate of buildings as well. Thus, to overcome such problems, builders and developers highly prefer the construction chemicals. This element will fuel the growth of the construction chemicals market, over the analysis period. Furthermore, these construction chemicals improve the properties of construction such as compressive strength, durability, and resistance to undesirable working conditions. Due to these aforementioned factors, it is anticipated that construction chemicals will have potential growth, over the forecast period.
To know more about construction chemicals market drivers, get in touch with our analysts here.
Extensively rising environmental regulatory policies regarding VOC (volatile organic compounds) emissions are anticipated to obstruct the demand for construction chemicals, during the forecast period.
The governments of developed as well as developing countries are focusing highly on green building standards. The new policies are exerting more pressure on construction ventures to use chemicals that have the lowest carbon footprint and are less resource-intensive. The invention of the newest chemicals is becoming more preferable in the construction industry. Established players are emphasizing more on eco-binders and silicate binder system, which have a longer shelf life, high efficiency, and lower environmental impact. A silicate binder system protects buildings' surfaces from salts, aggressive media and acids. This silicate binder system has unique, innovative features and are environment-friendly and inorganic in nature. The environmental initiatives by global industry players are further anticipated to create enormous opportunities for the construction chemicals in the global market.
To know more about construction chemicals Market Opportunities, get in touch with our analysts here.
Source: Research Dive Analysis
The global concrete admixtures segment is the leading segment in the global market and it is expected to surpass $12.7 billion by 2026, increasing from $8.9 billion significantly at a rate of 4.6%. The increasing demand for concrete consumption worldwide is one of the key factors for the growth of this segment. Moreover, concrete admixtures minimize concrete construction cost and provide excellent quality during mixing, placing, transporting, and curing. In addition, these admixtures also reduce overall water usage, along with time equired to set. Furthermore, availability of ligno-based, PCE-based and SNF (sulfonated naphthalene formaldehyde) & SMF (sulfonated melamine formaldehyde)-based highly advanced admixtures, are projected to drive the market.
Source: Research Dive Analysis
The infrastructure segment for the construction chemicals market shall experience substantial growth in the global market and it is expected to register a revenue of $12.8 billion during the forecast period, increasing at a CAGR of 6.2%. Extensively growing urbanization and increasing population are the major reasons for the growth of infrastructure in the global market. Also, the fastest growth in middle-class residential housing, along with huge infrastructure initiatives funded by the government especially in emerging economies is anticipated to the growth of the global infrastructure segment of this market. Furthermore, recent advancements in the construction chemicals are also expected to foster this market, over the forecast period.
Source: Research Dive Analysis
Asia-Pacific construction chemicals market has experienced substantial growth. This market is expected to reach $11.3 billion in 2026 and it is projected to surge at a CAGR of 6.2%. Significantly growing construction projects, growing demand for luxury homes, and optimal adoption of product development in the construction industry, mainly in Asian countries such as China, India, and South-east Asia, are expected to augment the growth of the construction chemicals in the Asian market. Moreover, Asian countries such as India and China have significant growth in the urbanization rate, across the world, which eventually fuels the demand for construction chemicals market. In addition, to strengthening the global footprint across the world key players are following various strategies. For instance, Pidilite Industries’ Construction Chemicals Division (CCD) is emphasizing to expand its footprint in the developing African and Asian markets. Pidilite Industries has wholly-owned subsidiaries in the UAE, Singapore, and Thailand. These key factors are expected to accelerate the growth of construction chemicals in the global market.
North-America construction chemicals market is a dominating market in the global market. This market has generated revenue of $14.2 billion over the forecast period. The booming economy and significant market fundamentals for commercial real estate projects are anticipated to drive the demand for construction chemicals in this region. Also, an increase in state and federal funding for public works and institutional infrastructure also expected to boost the construction chemicals market, particularly in the US and Canada. Moreover, the growing population and upcoming projects that are in the pipeline for the construction sector may fuel the growth of construction chemicals market in this region.
Source: Research Dive Analysis
Construction chemicals market industry players are Arkema SA, Fosroc, Inc., Sika A.G., BASF SE, Dow, RPM International Inc., W. R. GRACE & CO., Ashland., MAPEI S.p.A., and Pidilite Industries Ltd. Construction chemicals industry players are focusing on strategic merger & acquisition and advanced product developments. These are the multiple strategies followed by established key players. For instance, in December 2019, Lone Star has acquired BASF’s Construction Chemicals business for $3.54 billion.
Porter’s Five Forces Analysis for Construction Chemicals Market:
Aspect | Particulars |
Historical Market Estimations | 2018-2019 |
Base Year for Market Estimation | 2018 |
Forecast timeline for Market Projection | 2019-2026 |
Geographical Scope | North America, Europe, Asia-Pacific, LAMEA |
Segmentation by Type |
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Segmentation by Application |
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Key Countries Covered | U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, China, Japan, India, Australia, South Korea, Rest of Asia-Pacific, Brazil, Saudi Arabia, United Arab Emirates, Rest of LAMEA |
Key Companies Profiled |
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1.Research Methodology
1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.4.1.Assumptions
1.4.2.Forecast parameters
1.5.Data sources
1.5.1.Primary
1.5.2.Secondary
2.Executive Summary
2.1.360° summary
2.2.By Type Trends
2.3.By Application Trends
3.Market overview
3.1.Market segmentation & definitions
3.2.Key takeaways
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.Porter’s five forces analysis
3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market
3.4.Market dynamics
3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities
3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Pricing overview
3.8.1.By Type
3.8.2.By Application
3.9.Market value chain analysis
3.10.Strategic overview
4.Construction Chemicals Market, by Type
4.1.Asphalt Additives
4.1.1.Market size and forecast, by region, 2018-2026
4.1.2.Comparative market share analysis, 2018 & 2026
4.2.Concrete Admixtures
4.2.1.Market size and forecast, by region, 2018-2026
4.2.2.Comparative market share analysis, 2018 & 2026
4.3.Flooring
4.3.1.Market size and forecast, by region, 2018-2026
4.3.2.Comparative market share analysis, 2018 & 2026
4.4.Flame-retardants
4.4.1.Market size and forecast, by region, 2018-2026
4.4.2.Comparative market share analysis, 2018 & 2026
4.5.Repair
4.5.1.Market size and forecast, by region, 2018-2026
4.5.2.Comparative market share analysis, 2018 & 2026
4.6.Water Proofing & Roofing
4.6.1.Market size and forecast, by region, 2018-2026
4.6.2.Comparative market share analysis, 2018 & 2026
4.7.Sealants & Adhesives
4.7.1.Market size and forecast, by region, 2018-2026
4.7.2.Comparative market share analysis, 2018 & 2026
4.8.shrinkage reducing agents
4.8.1.Market size and forecast, by region, 2018-2026
4.8.2.Comparative market share analysis, 2018 & 2026
4.9.mold release agents
4.9.1.Market size and forecast, by region, 2018-2026
4.9.2.Comparative market share analysis, 2018 & 2026
4.10.bond breakers
4.10.1.Market size and forecast, by region, 2018-2026
4.10.2.Comparative market share analysis, 2018 & 2026
5.Construction Chemicals Market, by Application
5.1.Industrial/Commercial
5.1.1.Market size and forecast, by region, 2018-2026
5.1.2.Comparative market share analysis, 2018 & 2026
5.2.Residential
5.2.1.Market size and forecast, by region, 2018-2026
5.2.2.Comparative market share analysis, 2018 & 2026
5.3.Repair structures
5.3.1.Market size and forecast, by region, 2018-2026
5.3.2.Comparative market share analysis, 2018 & 2026
5.4.Infrastructure
5.4.1.Market size and forecast, by region, 2018-2026
5.4.2.Comparative market share analysis, 2018 & 2026
6.Construction Chemicals Market, by region
6.1.North America
6.1.1.Market size and forecast, by type, 2018-2026
6.1.2.Market size and forecast, by application, 2018-2026
6.1.3.Market size and forecast, by country, 2018-2026
6.1.4.Comparative market share analysis, 2018 & 2026
6.1.5.U.S.
6.1.5.1.Market size and forecast, by type, 2018-2026
6.1.5.2.Market size and forecast, by application, 2018-2026
6.1.5.3.Comparative market share analysis, 2018 & 2026
6.1.6.Canada
6.1.6.1.Market size and forecast, by type, 2018-2026
6.1.6.2.Market size and forecast, by application, 2018-2026
6.1.6.3.Comparative market share analysis, 2018 & 2026
6.1.7.Mexico
6.1.7.1.Market size and forecast, by type, 2018-2026
6.1.7.2.Market size and forecast, by application, 2018-2026
6.1.7.3.Comparative market share analysis, 2018 & 2026
6.2.Europe
6.2.1.Market size and forecast, by type, 2018-2026
6.2.2.Market size and forecast, by application, 2018-2026
6.2.3.Market size and forecast, by country, 2018-2026
6.2.4.Comparative market share analysis, 2018 & 2026
6.2.5.Germany
6.2.5.1.Market size and forecast, by type, 2018-2026
6.2.5.2.Market size and forecast, by application, 2018-2026
6.2.5.3.Comparative market share analysis, 2018 & 2026
6.2.6.UK
6.2.6.1.Market size and forecast, by type, 2018-2026
6.2.6.2.Market size and forecast, by application, 2018-2026
6.2.6.3.Comparative market share analysis, 2018 & 2026
6.2.7.France
6.2.7.1.Market size and forecast, by type, 2018-2026
6.2.7.2.Market size and forecast, by application, 2018-2026
6.2.7.3.Comparative market share analysis, 2018 & 2026
6.2.8.Spain
6.2.8.1.Market size and forecast, by type, 2018-2026
6.2.8.2.Market size and forecast, by application, 2018-2026
6.2.8.3.Comparative market share analysis, 2018 & 2026
6.2.9.Italy
6.2.9.1.Market size and forecast, by type, 2018-2026
6.2.9.2.Market size and forecast, by application, 2018-2026
6.2.9.3.Comparative market share analysis, 2018 & 2026
6.2.10.Rest of Europe
6.2.10.1.Market size and forecast, by type, 2018-2026
6.2.10.2.Market size and forecast, by application, 2018-2026
6.2.10.3.Comparative market share analysis, 2018 & 2026
6.3.Asia Pacific
6.3.1.Market size and forecast, by type, 2018-2026
6.3.2.Market size and forecast, by application, 2018-2026
6.3.3.Market size and forecast, by country, 2018-2026
6.3.4.Comparative market share analysis, 2018 & 2026
6.3.5.China
6.3.5.1.Market size and forecast, by type, 2018-2026
6.3.5.2.Market size and forecast, by application, 2018-2026
6.3.5.3.Comparative market share analysis, 2018 & 2026
6.3.6.India
6.3.6.1.Market size and forecast, by type, 2018-2026
6.3.6.2.Market size and forecast, by application, 2018-2026
6.3.6.3.Comparative market share analysis, 2018 & 2026
6.3.7.Australia
6.3.7.1.Market size and forecast, by type, 2018-2026
6.3.7.2.Market size and forecast, by application, 2018-2026
6.3.7.3.Comparative market share analysis, 2018 & 2026
6.3.8.Rest of Asia Pacific
6.3.8.1.Market size and forecast, by type, 2018-2026
6.3.8.2.Market size and forecast, by application, 2018-2026
6.3.8.3.Comparative market share analysis, 2018 & 2026
6.4.LAMEA
6.4.1.Market size and forecast, by type, 2018-2026
6.4.2.Market size and forecast, by application, 2018-2026
6.4.3.Market size and forecast, by country, 2018-2026
6.4.4.Comparative market share analysis, 2018 & 2026
6.4.5.Latin America
6.4.5.1.Market size and forecast, by type, 2018-2026
6.4.5.2.Market size and forecast, by application, 2018-2026
6.4.5.3.Comparative market share analysis, 2018 & 2026
6.4.6.Middle East
6.4.6.1.Market size and forecast, by type, 2018-2026
6.4.6.2.Market size and forecast, by application, 2018-2026
6.4.6.3.Comparative market share analysis, 2018 & 2026
6.4.7.Africa
6.4.7.1.Market size and forecast, by type, 2018-2026
6.4.7.2.Market size and forecast, by application, 2018-2026
6.4.7.3.Comparative market share analysis, 2018 & 2026
7.Company profiles
7.1.Arkema SA
7.1.1.Business overview
7.1.2.Financial performance
7.1.3.Product portfolio
7.1.4.Recent strategic moves & developments
7.1.5.SWOT analysis
7.2.Fosroc, Inc.
7.2.1.Business overview
7.2.2.Financial performance
7.2.3.Product portfolio
7.2.4.Recent strategic moves & developments
7.2.5.SWOT analysis
7.3. Sika A.G.
7.3.1.Business overview
7.3.2.Financial performance
7.3.3.Product portfolio
7.3.4.Recent strategic moves & developments
7.3.5.SWOT analysis
7.4.BASF SE
7.4.1.Business overview
7.4.2.Financial performance
7.4.3.Product portfolio
7.4.4.Recent strategic moves & developments
7.4.5.SWOT analysis
7.5.Dow
7.5.1.Business overview
7.5.2.Financial performance
7.5.3.Product portfolio
7.5.4.Recent strategic moves & developments
7.5.5.SWOT analysis
7.6.RPM International Inc.
7.6.1.Business overview
7.6.2.Financial performance
7.6.3.Product portfolio
7.6.4.Recent strategic moves & developments
7.6.5.SWOT analysis
7.7.W. R. GRACE & CO.
7.7.1.Business overview
7.7.2.Financial performance
7.7.3.Product portfolio
7.7.4.Recent strategic moves & developments
7.7.5.SWOT analysis
7.8.Ashland.
7.8.1.Business overview
7.8.2.Financial performance
7.8.3.Product portfolio
7.8.4.Recent strategic moves & developments
7.8.5.SWOT analysis
7.9.MAPEI S.p.A.
7.9.1.Business overview
7.9.2.Financial performance
7.9.3.Product portfolio
7.9.4.Recent strategic moves & developments
7.9.5.SWOT analysis
7.10. Pidilite Industries Ltd.
7.10.1.Business overview
7.10.2.Financial performance
7.10.3.Product portfolio
7.10.4.Recent strategic moves & developments
7.10.5.SWOT analysis
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