Construction Chemicals Market Growth, Industry Analysis And Segmentation Report To 2032

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The Construction Chemicals Global Market Report 2023 by The Business Research Company, provides construction chemicals market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Construction Chemicals Global Market Report 2023, the global construction chemicals market size grew from $44.73 billion in 2022 to $49.15 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the global construction chemicals is expected to grow to $67.52 billion in 2027 at a CAGR of 8.3%.

The increasing demand in construction significantly contributes to the growth of the construction chemicals market. Construction is the process of building, altering, repairing, remodeling, improving, or demolishing any structures. Construction chemicals help in the elimination of abrasions and the strengthening of bonds, extending the life of buildings.

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The construction chemicals market is segmented:

1) By Type: Concrete Admixtures, Waterproofing and Roofing, Repair, Flooring, Sealants and Adhesives, Other Types

2) By End-User: Commercial, Industrial, Infrastructure and Public Places, Residential, Public Space

Strategic partnerships have emerged as a key trend gaining popularity in the construction chemicals market. Major companies operating in the construction chemicals sector are focused on partnerships to strengthen their position. For instance, in January 2021, Nippon Paint, a Japan-based paint manufacturer, partnered with Choksey Chemicals, an Indian manufacturer of construction chemicals. Through this partnership, Choksey Chemicals will manufacture and supply waterproofing and sealant grades for Nippon Paint in India. Furthermore, in May 2022, Pidilite Industries Limited, an Indian-based adhesives manufacturing company partnered with GCP Applied Technologies, a US-based provider of construction products. With the partnership, Pidilite will provide high-performance waterproofing solutions for difficult sites with high temperature variations and water tables, under the brand Dr.Fixit.

The construction chemicals market report table of contents includes: