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Construction Chemicals Market Size to Reach $70.91 Billion by 2026; Variations in Product Offerings Will Create Several Growth Opportunities

March 27, 2020 | Chemicals & Materials

The global construction chemicals market size is projected to reach USD 70.91 billion by the end of 2026. The increasing investment in the development of newer products will have a direct impact on the growth of the market in the coming years. According to a report by Fortune Business Insights, titled “Construction Chemicals Market Size, Share & Industry Analysis, By Type (Admixtures, Flooring, Waterproofing, Repair & Rehabilitation, and Others), By Application (Residential, and Non-Residential), and Regional Forecast, 2019-2026,” the market was worth USD 42.32 billion in 22018 and will exhibit a CAGR of 6.7% during the forecast period, 2019-2026.


Construction chemicals are specialty chemicals that are formed by mixtures of liquid or solid substances. They are used in construction sites for several purposes, including additives for cements, concrete and mortar admixtures, and other additives. These products provide high strength and durability to the substance in which they are used. The increasing construction activities across the world have opened up a huge platform for the growth of the companies operating in the market. As a result, massive investments are being made in the research and development of newer products. The presence of several large scale companies will have a positive impact on the growth of the market in the forthcoming years.


Berger Paints’ Collaboration with Fosroc International Will Aid Market Growth


Accounting to the massive potential held by construction chemicals, several companies are investing massive capitals towards the development of newer products. Large scale companies are adopting standout strategies with a bid to establishing a stronghold in the market. In November 2017, Berger Paints announced that it will be entering into a joint venture with Fosroc International. The collaboration is aimed at the development of a new construction chemical in Bangladesh. This step was taken to meet the huge demand for the product, primarily resulting from the infrastructure development activities across the country. This collaboration will not only affect the regional market, but will have a direct impact on the growth of the global market.


To get a detailed report summary and research scope of this market, click here:


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


Growing Urbanization Trend in Emerging Countries to Aid Growth


The report encompasses several factors that have contributed to the growth of the market in recent years. The increasing urbanization trend has opened up a huge potential for the companies operating in the market. The need for aesthetically appealing interior as well as exterior infrastructure will fuel the demand for the product in several countries across the world. The increasing number of commercial places such as malls, theatres, and shopping complexes has been a pivotal factor towards the huge adoption of the product. Moreover, the availability of the product in abundance, coupled with the low cost of the product, will emerge in favor of the growth of the market in the coming years.


Major Companies are Focusing on SME Acquisitions


Considering the huge potential held by construction chemicals across the world, several large scale companies are looking to acquire smaller and medium enterprises. Due to the healthy market competition, several companies are also looking to introduce newer and advanced product to keep the competition at bay. A few of the leading companies that are operating in the global construction chemicals market are:



  • BuildCore Chemicals

  • Croda International Plc

  • ACC Limited

  • Evonik

  • BASF SE

  • Fosroc, Inc.

  • CHRYSO India

  • SWC Brother Company Limited. 

  • Sika AG

  • 3M Company


Further Report Findings:



  • The report encompasses ongoing construction chemicals market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific dominated the market in 2018, with a market value of USD 9.8 billion.

  • The middle-class housing segment will emerge in favor of the market in Europe. The growing demand for penthouses will aid the growth of the market in this region.

  • The regional markets of Latin America and the Middle East and Africa will register a higher CAGR in the coming years, driven by the presence of abundant raw materials.


Industry Developments:



  • December 2018 – Fosroc announced the launch of a new waterproofing grade product of Polyurea. The product possesses impressive properties such as water impermeability and abrasion-resistance which allows applications in new-build and existing structures.


The global construction chemicals market is segmented on the basis of:








































 ATTRIBUTE



 DETAILS



Study Period



2015-2026



Base Year



2018



Forecast Period



2019-2026



Historical Period



2015-2017



Unit



Value (USD billion), Volume (Kilotons)



Segmentation



By Type



  • Concrete Admixtures

  • Flooring Chemicals

  • Waterproofing Chemicals

  • Repair & Rehabilitation Chemicals

  • Others



By Application



  • Residential

  • Non-Residential



By Geography



  • North America (U.S. and Canada)

  • Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe)

  • Asia-Pacific (China, India, Japan, Australia, South Korea, and Rest of Asia- Pacific)

  • Latin America (Brazil, Argentina, and Rest of Latin America)

  • Middle East & Africa (South Africa, Saudi Arabia, and Rest of Middle East & Africa)


Construction Chemicals Market
  • PDF
  • 2018
  • 2015-2017
  • 90

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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