Construction Chemicals Market Size & Share 2016 - 2024
Market Size by Product (Asphalt Modifiers, Concrete Admixture [Chemicals {Superplasticizers, Normal Plasticizers, Accelerating Agents, Retarding Agents, Air-Entraining Agents, Waterproofing Admixtures}, Minerals {Rice Husk Ash, Fly Ash, Granulated Blast Furnace Slag, Silica Fume}], Adhesives, Sealants, Protective Coatings), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast.
Report ID: GMI348
|
Published Date: February 2017
|
Report Format: PDF
Download Free PDF
Authors:
Avinash Singh, Sunita Singh
Construction Chemicals Market Size
Construction Chemicals Market size will likely cross USD 50 billion by the end of 2024 growing at a CAGR around 9%.
The construction sector has witnessed a considerable growth rate since the economic downturn of the previous decade. It generated over USD 3 trillion in the BRICS nations in 2015 and will likely flourish at a CAGR beyond 10% to surpass USD 9 trillion by 2024, hence propelling the global ferroalloy market demand. Moreover, international level events such as the Olympic Games, Commonwealth Games, FIFA and ICC tournaments, etc. in these regions will further augment the regional market in the forecast span.
Global construction chemicals market growth may face restraints due to lack of awareness about the product benefits in the developing countries. Also, lack of training regarding the usage of the product may pose a threat to the industry growth in the coming years. Moreover, high product costs may hamper the market as most small and medium level builders and contractors tend to minimize the overall construction costs to maximize profit.
Construction Chemicals Market Analysis
Construction chemicals market has been segmented into five principal product categories including concrete admixtures, protective coatings, asphalt modifiers, adhesives, and sealants. Concrete admixtures accounted for more than half of the global market in 2015 and will likely gain the market share at a significant rate in the next eight years. Inherent property of the chemical to improve the concrete quality, accelerate or delay the setting time, enhance chemical and physical resistance, improve the concrete workability, and enhance finishing will boost the industry growth with increasing demand for customized residential and commercial buildings.
Concrete admixtures are further segmented into chemical and mineral admixtures. Chemical admixtures consist of normal plasticizers, superplasticizers, accelerating agents, retarding agents, air-entraining agents, waterproofing admixtures. Mineral concrete admixtures studied in the report are rice husk ash, fly ash, granulated blast furnace slag, and silica fume.
Growing demand for existing building modification, repair, and maintenance works will escalate the demand for adhesives and sealants in the forecast span. Adhesives generated more than USD 2.5 billion for the construction chemicals market in 2015, while sealants were worth more than USD 1.5 billion in the same year. With increasing global tourism and increasing efforts to conserve the regional heritage, adhesives and sealants demand will witness a noteworthy growth in the coming years.
Asia Pacific construction chemicals market accounted for a considerable share in 2015 owing to the heavy industrialization and urbanization of countries including China, India, and Japan. In 2015, the region registered more than USD 14 billion and will likely flourish at more than 9% CAGR on the account of rapidly increasing population and fast developing economies of China, India, Japan, and other South East Asian countries such as Indonesia, Malaysia, Vietnam, Philippines, etc. Increasing government investments to develop the infrastructures will also have a positive impact on the market in the coming years.
Booming construction industries in the BRICS nations, led by China and India will have a major influence in the global construction chemicals market enhancement in the coming few years. Rapidly escalating population along with the developing economies of these owing to several government initiatives and private investments has supported the regional construction industry. For instance, the Brazilian government made a USD 1 trillion investment in 2009 for developing housing facilities for low income group families. Smart City Mission launched by the Indian government in 2015 with a funding of up to USD 15 billion will also catalyze the overall construction industry, hence augmenting the construction chemicals industry in the coming years.
Europe construction chemicals market generated over USD 4.5 billion in 2015, and will have a relatively slow growth rate at around 8% CAGR throughout the forecast span. Less infrastructural development activities in the region will hamper the demand for asphalt modifiers, which is extensively used to build roads and pavements. Abundance of heritage buildings in the region may influence the demand for adhesives, sealants, and protective coatings used for maintenance and restoration works.
Construction Chemicals Market Share
Construction chemicals market company share is highly consolidated with the presence of multinational business conglomerates. The top four manufacturers account for around half of the global construction chemicals industry share. The competitive landscape is characterized by the continuous development of manufacturing facilities in order to meet the growing global demand. The manufacturing companies rely on strategic mergers, acquisition, and partnerships to enhance the production capacities and technologies to maintain the market positions.
Key construction chemicals industry players include
Construction Chemicals Industry Background
Construction chemicals market is solely driven by the overall building and infrastructural development activities around the globe. Rapidly flourishing construction market in the Asia Pacific, led by China and India, will have a significant impact on the product demand in the forecast span. These chemicals are extensively used to improve the quality of cement, concrete, asphalt, and other building materials. The growing demand for earthquake resistant buildings around the Ring of Fire in Asia Pacific and the east coast of North and Latin Americas, and the Alpide Belt in Europe and Asia Pacific will boost the market demand for stronger and weather resistant buildings and infrastructure.
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →