Construction Chemicals Market: By Type (Concrete Admixtures, Water Proofing & Roofing, Repair, Flooring, Sealants & Adhesives, and Others), By End Use (Residential, Industrial/Commercial, Infrastructure, and Repair Structures), and Geography  

Construction Chemicals Market size was valued at USD 38,629.4 million in 2022 and is anticipated to grow at a CAGR of 8.8% from 2023-2029. Construction chemicals are specialized chemical compounds used in the construction industry to enhance the properties and performance of construction materials and structures. These chemicals are added to various construction materials, such as concrete, mortar, cement, and coatings, to improve their workability, durability, strength, and overall quality. The surge in global construction activities is a major driving force behind the increasing revenues in the construction chemicals market. As construction projects encompass diverse sectors such as residential, commercial, industrial, and infrastructure development, the demand for construction chemicals soars. These chemicals play a pivotal role in enhancing the performance, durability, and overall quality of building materials and structures. With the expansion of construction projects worldwide, ranging from new buildings to renovation and retrofitting of existing structures, the need for construction chemicals to optimize concrete properties, provide effective waterproofing, ensure fire resistance, and improve overall longevity has become paramount.

Moreover, the escalating demand for sustainable solutions in construction has become a significant catalyst driving the sales of the construction chemicals market. With a growing emphasis on environmentally friendly practices and green building standards, construction chemicals that contribute to energy efficiency, reduced environmental impact, and extended building lifecycle have gained prominence. These chemicals play a pivotal role in enhancing the sustainability of construction projects by providing features such as thermal insulation, waterproofing, corrosion resistance, and eco-friendly coatings. As architects, developers, and governments prioritize sustainable construction, the integration of construction chemicals that align with these objectives becomes essential. However, stringent regulations by the government over VOC emissions and unstable economic cycles are anticipated to hamper the growth of the market. Meanwhile, economic growth in emerging markets, coupled with increased investments in construction projects, is expected to contribute to the growth of the construction chemicals market. several key manufacturers are increasing their production capabilities to meet the demand in the market. For example, in June 2021, JSW Cement launched a unique green construction chemicals range including Enduro Plast readymix plaster, Krysta Leakproof integral crystalline waterproofing compound, and Duraflor floor hardener.

Construction Chemicals Market Key Developments:

• In April 2023, Indigo Paints signed an agreement to acquire a 51% stake in construction chemical firm Apple Chemie India Private Ltd to broaden its product portfolio.
• In September 2022, Saint-Gobain acquired construction chemicals company GCP to strengthen its position in the construction chemicals market.