Advent of Construction Technologies to Favour Construction Chemicals Market Growth
Increasing demand from companies involved in a variety of public, commercial, and residential building construction and infrastructure projects is projected to uphold the pace of construction chemicals market. Moreover, with governments recording more expenditure on road infrastructure, tunnels and bridges, dams, and hydel power projects, sales of construction chemicals will continue to be on an upswing. Widely adopted by the civil repair sector, construction chemicals are also likely to witness mounting consumption for their ability to boost concrete strength, endurance, workability, quality, protective attributes, and water tightness.
Critical need to prevent degradation of concrete structures from changing climatic conditions, growing stringency of regulatory guidelines, strict standardisation processes, and rising awareness about the quality of overall construction collectively drive the growth of construction chemicals market. There has been a lot of advancement in terms of construction materials, as well as construction technologies. Waterproofing technologies have particularly been at the forefront of advancements over the recent past. This is expected to favour the expansion of construction chemicals market.
Post-pandemic Construction Rebound Indicates a Brighter Growth Path Ahead
Global COVID-19 pandemic caused a heavy setback in building and construction industry, and the industry’s economy was dented at the various levels due to nation-wide lockdowns, and supply chain disruptions amid the peak period of pandemic. Construction chemicals market also consequently faced a heavy demand plunge throughout 2020 as a result of termination of planned projects, loss of ongoing investment plans, and major consumer reluctance regarding involvement in new property deals. While industry was most affected across the leading construction hubs, i.e., China, India, and South Korea. Construction activities in some of the European nations, and the US were also impacted by the pandemic. The market however picked up quickly after the crisis started showing the signs of subsiding, thereby enabling housing, infrastructural, and other construction projects regain the lost momentum.
Construction Materials Market Largely Benefits from Residential Sector
The booming residential sector across key Asian countries, accelerating metro rail projects in Indian states, redevelopments and renovations trending across the developed western nations are expected to account for a healthy growth outlook of construction chemicals market. Ascending demand for a wide range of construction materials like concrete admixtures, waterproofing material, sealants and adhesives, concrete repair mortar, protective coatings, plastering material, polymer bonding agents, decorative materials, caulks and epoxy grouts, water repellents, installation aids, surface retarders, mold releasing agents, ready-to-use plaster and plastering materials, and asphalt additives continues to drive global construction chemicals market.
Advancements in concrete admixtures that have been underpinning their improved strength and functional attributes will remain an important factor fuelling demand for construction chemicals by building and construction companies from across the globe. Research reveals that a measurable proportion of revenue generation opportunity lies in all the ongoing and planned mega- and semi-infrastructure projects that drive investments from both the governments, as well as private sector. Implementation of Real Estate Regulatory Authority (RERA, post-2016) norms has been pushing uptake of construction chemicals as they help with warranted life, and quality of construction, accelerating the progress of construction projects.
Asian Markets at the Forefront of Embracing Eco-friendly Construction Materials
Once a niche segment of chemical industry, construction chemicals market has emerged lucrative over the past few decades in the light of surging demand for improved quality, and endurance of buildings. Growing stringency of green building norms will further add to the incremental demand for construction chemicals as they aid in heat reflection, and insulation. Fast-developing nations in the Asian subcontinent, especially India, have been showcasing greater interest in lightweight, sustainable, green building technologies, and construction materials.
India, with massive population and consistently swelling housing sector, seems to be clearing way for penetration of sustainable building concepts faster. Lighter, and faster constructions have gained popularity, pushing materials like glass façade. This has stimulated some of the biggest developments in the world of construction. Saint-Gobain India, a part of (French) Saint-Gobain, recently announced the commencement of its new manufacturing facilities at its World Glass Complex at Sriperumbudur (Tamil Nadu). India's largest building materials maker has reportedly made its largest investment so far at a single manufacturing destination globally.
Strategic Opportunities Spring up with Greater Emphasis on Sustainability
Sustainability has rapidly become a decisive factor in industry, which has been the booster to heightening market potential of eco-friendly construction chemicals that are now even recognised among industry participants as the enablers of sustainability. Some of the recently announced strategic deals point to the growing market attractiveness, and acceptance for sustainable construction materials, which also remain crucial to the build-up of construction chemicals market.
BASF, and an affiliate of Lone Star had signed a purchase agreement in December 2019, for the acquisition of the former’s Construction Chemicals business. BASF had closed the divestiture of its Construction Chemicals business to one of Lone Star’s affiliates in September 2020. The same Construction Chemicals business is now recognised as MBCC Group (Germany). Recently in November 2021, Sika, the Swiss leader in chemicals announced the acquisition of MBCC from Lone Star. The deal is expected to close by the end of 2022 and intends to empower MBCC’s Construction Chemicals business under Lone Star’s umbrella. While both the entities are renowned sustainability champions, building sustainable solutions together will remain the most vital aspect of this transaction. The combined complementary portfolio of products, and services is expected to drive a transformation across the entire construction lifecycle. This is to be major development in the world of eco-friendly construction chemicals, which indicates a brighter outlook of the future of sustainable construction that would gain acceptance at every level, i.e., construction companies, builders and promoters, employees, industry stakeholders, consumers, as well as the upcoming generations. Another major deal that has recently been announced and involves sustainability as its core aspect is GCP Applied Technologies’ acquisition by Saint-Gobain.
Key Competitors in Global Construction Chemicals Market
The study would provide a detailed insightful analysis of some of the key players stirring competition in global construction chemicals market space. Including MAPEI, Sika AG, RPM International Inc., MBCC Group, and Dow Chemicals, the top 10 companies leading the competition landscape account for a collective share of around 40% in global market revenue. Besides, BASF, W.R Grace and Co., Pidilite, Bostik, Arkema SA, Ashland, Forsoc International Limited, Henkal KGA, SWC, and Elotex constitute the other prominent competitors in market.
Regional Classification of the Global Construction Chemicals Market is Listed Below:
North America
- U.S.
- Canada
Europe
- Germany
- France
- Spain
- U.K.
- Italy
- Russia
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East and Africa
- GCC
- South Africa
- Rest of Middle East & Africa
1. Executive Summary
1.1. Global Construction Chemicals Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
2.2.1.2. Driver B
2.2.1.3. Driver C
2.2.2. Restraints
2.2.2.1. Restraint 1
2.2.2.2. Restraint 2
2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Pre-Covid and Post-Covid Scenario
2.5.2. Supply Impact
2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Economic Analysis
2.9. PESTLE
3. Production Output and Trade Statistics, 2018-2022
3.1. Regional Production Statistics
3.1.1. North America
3.1.2. Europe
3.1.3. Asia Pacific
3.1.4. Latin America
3.1.5. Middle East & Africa
3.2. Trade Statistics
4. Price Trends Analysis and Future Projects, 2018 - 2030
4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Product
4.4. By Region
5. Global Construction Chemicals Market Outlook, 2018 - 2030
5.1. Global Construction Chemicals Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
5.1.1. Key Highlights
5.1.1.1. Concrete Admixtures
5.1.1.2. Adhesive & Sealants
5.1.1.3. Waterproofing Chemicals
5.1.1.4. Asphalt Additives
5.1.1.5. Protective Coatings
5.1.1.6. Polymer Flooring
5.1.1.7. Misc.
5.2. Global Construction Chemicals Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
5.2.1. Key Highlights
5.2.1.1. Residential
5.2.1.2. Commercial
5.2.1.3. Industrial
5.2.1.4. Infrastructure and Public Places
5.3. Global Construction Chemicals Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
5.3.1. Key Highlights
5.3.1.1. North America
5.3.1.2. Europe
5.3.1.3. Asia Pacific
5.3.1.4. Latin America
5.3.1.5. Middle East & Africa
5.3.2. BPS/Market Attractiveness Analysis
6. North America Construction Chemicals Market Outlook, 2018 - 2030
6.1. North America Construction Chemicals Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
6.1.1. Key Highlights
6.1.1.1. Concrete Admixtures
6.1.1.2. Adhesive & Sealants
6.1.1.3. Waterproofing Chemicals
6.1.1.4. Asphalt Additives
6.1.1.5. Protective Coatings
6.1.1.6. Polymer Flooring
6.1.1.7. Misc.
6.2. North America Construction Chemicals Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
6.2.1. Key Highlights
6.2.1.1. Residential
6.2.1.2. Commercial
6.2.1.3. Industrial
6.2.1.4. Infrastructure and Public Places
6.3. North America Construction Chemicals Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
6.3.1. Key Highlights
6.3.1.1. U.S.
6.3.1.2. Canada
6.3.2. BPS/Market Attractiveness Analysis
7. Europe Construction Chemicals Market Outlook, 2018 - 2030
7.1. Europe Construction Chemicals Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.1.1. Key Highlights
7.1.1.1. Concrete Admixtures
7.1.1.2. Adhesive & Sealants
7.1.1.3. Waterproofing Chemicals
7.1.1.4. Asphalt Additives
7.1.1.5. Protective Coatings
7.1.1.6. Polymer Flooring
7.1.1.7. Misc.
7.2. Europe Construction Chemicals Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.2.1. Key Highlights
7.2.1.1. Residential
7.2.1.2. Commercial
7.2.1.3. Industrial
7.2.1.4. Infrastructure and Public Places
7.3. Europe Construction Chemicals Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
7.3.1. Key Highlights
7.3.1.1. Germany
7.3.1.2. France
7.3.1.3. U.K.
7.3.1.4. Italy
7.3.1.5. Spain
7.3.1.6. Russia
7.3.1.7. Rest of Europe
7.3.2. BPS/Market Attractiveness Analysis
8. Asia Pacific Construction Chemicals Market Outlook, 2018 - 2030
8.1. Asia Pacific Construction Chemicals Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
8.1.1. Key Highlights
8.1.1.1. Concrete Admixtures
8.1.1.2. Adhesive & Sealants
8.1.1.3. Waterproofing Chemicals
8.1.1.4. Asphalt Additives
8.1.1.5. Protective Coatings
8.1.1.6. Polymer Flooring
8.1.1.7. Misc.
8.2. Asia Pacific Construction Chemicals Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
8.2.1. Key Highlights
8.2.1.1. Residential
8.2.1.2. Commercial
8.2.1.3. Industrial
8.2.1.4. Infrastructure and Public Places
8.3. Asia Pacific Construction Chemicals Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
8.3.1. Key Highlights
8.3.1.1. China
8.3.1.2. Japan
8.3.1.3. South Korea
8.3.1.4. India
8.3.1.5. Southeast Asia
8.3.1.6. Rest of Asia Pacific
8.3.2. BPS/Market Attractiveness Analysis
9. Latin America Construction Chemicals Market Outlook, 2018 - 2030
9.1. Latin America Construction Chemicals Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
9.1.1. Key Highlights
9.1.1.1. Concrete Admixtures
9.1.1.2. Adhesive & Sealants
9.1.1.3. Waterproofing Chemicals
9.1.1.4. Asphalt Additives
9.1.1.5. Protective Coatings
9.1.1.6. Polymer Flooring
9.1.1.7. Misc.
9.2. Latin America Construction Chemicals Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
9.2.1. Key Highlights
9.2.1.1. Residential
9.2.1.2. Commercial
9.2.1.3. Industrial
9.2.1.4. Infrastructure and Public Places
9.3. Latin America Construction Chemicals Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
9.3.1. Key Highlights
9.3.1.1. Brazil
9.3.1.2. Mexico
9.3.1.3. Rest of Latin America
9.3.2. BPS/Market Attractiveness Analysis
10. Middle East & Africa Construction Chemicals Market Outlook, 2018 - 2030
10.1. Middle East & Africa Construction Chemicals Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
10.1.1. Key Highlights
10.1.1.1. Concrete Admixtures
10.1.1.2. Adhesive & Sealants
10.1.1.3. Waterproofing Chemicals
10.1.1.4. Asphalt Additives
10.1.1.5. Protective Coatings
10.1.1.6. Polymer Flooring
10.1.1.7. Misc.
10.2. Middle East & Africa Construction Chemicals Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
10.2.1. Key Highlights
10.2.1.1. Residential
10.2.1.2. Commercial
10.2.1.3. Industrial
10.2.1.4. Infrastructure and Public Places
10.3. Middle East & Africa Construction Chemicals Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
10.3.1. Key Highlights
10.3.1.1. GCC
10.3.1.2. South Africa
10.3.1.3. Rest of Middle East & Africa
10.3.2. BPS/Market Attractiveness Analysis
11. Competitive Landscape
11.1. Company Market Share Analysis, 2022
11.2. Competitive Dashboard
11.3. Company Profiles
11.3.1. Sika AG
11.3.1.1. Company Overview
11.3.1.2. Product Portfolio
11.3.1.3. Financial Overview
11.3.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
11.3.2. MAPEI Corporation
11.3.3. 3M
11.3.4. Dow Chemicals
11.3.5. RPM International Inc.
11.3.6. Fosroc
11.3.7. SABIC
11.3.8. Arkema S.A.
11.3.9. Chembond Construction Chemicals
11.3.10. H.B. Fuller
11.3.11. Wacker Chemie AG
11.3.12. Henkel AG & Co KGaA
11.3.13. Pidilite Industries
12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations
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