In the world of construction, chemicals play a crucial role in enhancing the durability, strength, and aesthetics of buildings and infrastructure. With the construction industry constantly evolving and growing, statistics about the usage, demand, and trends in construction chemicals provide valuable insights for businesses, policymakers, and industry professionals. In this blog post, we will delve into the latest statistics and trends in the Construction Chemicals Industry to gain a better understanding of this dynamic sector.
The Latest Construction Chemicals Industry Statistics Explained
The global construction chemicals market size was USD 39.17 billion in 2019.
The statistic ‘The global construction chemicals market size was USD 39.17 billion in 2019’ indicates the total value of chemicals specifically used in the construction industry worldwide for that particular year. This figure represents the sum of revenues generated from the sales of various construction chemicals such as adhesives, sealants, protective coatings, concrete admixtures, and waterproofing chemicals. The market size provides insight into the scale and economic significance of the construction chemicals industry, highlighting the demand and consumption of these products on a global scale. This statistic serves as a key indicator for market analysts, businesses, and policymakers to understand the trends and opportunities within the construction chemicals sector and make informed decisions.
The construction chemicals market is projected to reach USD 50 billion by 2027, at a CAGR of 5.6%.
This statistic indicates that the construction chemicals market is expected to experience significant growth, reaching a value of USD 50 billion by 2027. The Compound Annual Growth Rate (CAGR) of 5.6% implies a steady increase in market size over the forecast period. This growth forecast suggests a positive outlook for the construction chemicals industry, driven by factors such as increasing infrastructure development, urbanization, and construction activities worldwide. The projected market value and growth rate signal potential opportunities for companies operating in this sector to capitalize on the growing demand for construction chemicals in various applications such as residential, commercial, and industrial construction projects.
Concrete admixtures held the highest market share, about 65% in 2019.
This statistic indicates that in 2019, concrete admixtures accounted for the largest portion of the market share within the construction industry, capturing approximately 65% of the total market. Concrete admixtures are materials added to concrete mixtures to improve the properties and performance of the concrete, such as strength, durability, workability, and setting time. The high market share of concrete admixtures suggests their widespread use and importance in the construction sector, as they offer various benefits to construction projects, including cost-efficiency, enhanced quality, and sustainability. The dominance of concrete admixtures in the market signifies their significant role in shaping the industry and meeting the evolving demands of modern construction practices.
Asia Pacific held the highest market share in the construction chemicals market in 2019.
The statistic “Asia Pacific held the highest market share in the construction chemicals market in 2019” indicates that the Asia Pacific region had the largest portion of the market for construction chemicals compared to other regions in the world during that year. This suggests that the demand for construction chemicals, which are used in various construction activities such as residential, commercial, and infrastructure projects, was particularly strong in the Asia Pacific region in 2019. Factors contributing to this high market share could include rapid urbanization, growing population, increasing construction activities, and the implementation of stringent regulations related to construction quality and safety in the region. This statistic highlights the significance of the Asia Pacific region as a key market for construction chemicals and offers valuable insights for businesses operating in this industry.
Asia-Pacific region is expected to account for the largest share of about 48% in the construction chemicals market by 2026.
The statistic states that by the year 2026, the Asia-Pacific region is projected to hold the largest market share, accounting for approximately 48% of the total construction chemicals market. This indicates that a significant portion of the global demand for construction chemicals, such as admixtures, sealants, and adhesives used in the building and infrastructure sectors, will be driven by growth in the Asia-Pacific region. Factors contributing to this growth may include rapid urbanization, increasing construction activities, infrastructure development, and a rising focus on sustainability and quality in construction projects in countries across Asia-Pacific. Companies operating in the construction chemicals market may need to pay close attention to this region’s trends and opportunities to capitalize on its potential market share.
Construction chemicals are estimated to save construction costs by 2-5% on the total cost of construction.
The statistic that construction chemicals are estimated to save construction costs by 2-5% on the total cost of construction suggests that incorporating construction chemicals into building processes can lead to significant cost savings. These chemicals may offer benefits such as improving the durability and longevity of structures, enhancing construction efficiency, and reducing maintenance expenses over the long term. By utilizing construction chemicals effectively, construction companies and developers can potentially realize savings in material costs, labor costs, and overall project expenses, ultimately making their construction projects more cost-effective and sustainable.
The residential sector contributed to more than half of the total share in 2019, and is expected to continue its dominance in terms of revenue until 2027.
The statistic suggests that in 2019, the residential sector made up over 50% of the total revenue share within a particular industry or market. This sector is anticipated to maintain its significant influence in terms of revenue until 2027, indicating sustained growth and dominance in the foreseeable future. This insight could be crucial for decision-makers and stakeholders within the industry, highlighting the importance of focusing on residential sector developments to drive overall revenue and strategic planning over the coming years.
The market for protective coatings & sealers type construction chemicals is projected to reach USD 14.7 billion by 2027.
The statistic indicates that the market for protective coatings & sealers type construction chemicals is expected to grow significantly over the coming years, with a projected value of USD 14.7 billion by the year 2027. This growth suggests an increasing demand for these construction chemicals, likely driven by factors such as infrastructure development, urbanization, and a focus on sustainability and durability in construction projects. The projected market value highlights the potential opportunities for businesses operating in this sector, as well as the importance of these materials in ensuring the longevity and quality of modern construction projects.
The Indian construction chemicals market is estimated to reach $1.89 Billion by 2025 at a CAGR of 12%.
This statistic indicates that the Indian construction chemicals market is forecasted to grow significantly over the period until 2025, with an estimated value of $1.89 billion. The Compound Annual Growth Rate (CAGR) of 12% suggests a steady and robust growth trajectory for the market. This growth rate implies that the market is expected to expand by an average of 12% annually, indicating a healthy demand for construction chemicals in the Indian construction industry. Factors such as infrastructure development, urbanization, and increasing construction activities are likely to drive this growth, leading to a positive outlook for the market in the coming years.
In 2020, despite the impact of COVID-19, the global construction chemicals market still achieved a 4.85% year-on-year growth rate.
The statistic indicates that in 2020, the global construction chemicals market experienced a 4.85% increase in size compared to the previous year, despite the challenges posed by the COVID-19 pandemic. This growth rate suggests that the demand for construction chemicals, used in various applications such as concrete admixtures, waterproofing compounds, and adhesives, remained relatively resilient in the face of the unprecedented disruptions caused by the pandemic. The positive year-on-year growth rate can be attributed to factors such as continued infrastructure development projects, government stimulus packages, and the adaptability of the construction industry to changing circumstances. Overall, this statistic highlights the underlying strength and adaptability of the global construction chemicals market even during challenging times.
Water proofing chemicals account for 27% of the global construction chemicals market.
The statistic “Waterproofing chemicals account for 27% of the global construction chemicals market” indicates that a significant portion of the market for construction chemicals is attributed to waterproofing products. This suggests that there is a high demand for these chemicals in the construction industry worldwide, likely due to the need to protect structures from water damage and moisture-related issues. The prevalence of waterproofing chemicals in the market highlights the importance placed on ensuring the longevity and durability of buildings and infrastructure, especially in regions prone to heavy rainfall or moisture exposure. Additionally, the statistic implies that waterproofing chemicals play a crucial role in the construction sector and are a key product category within the broader market for construction chemicals.
China holds the largest market share for construction chemicals in the Asia-Pacific region.
The statistic “China holds the largest market share for construction chemicals in the Asia-Pacific region” indicates that China is the leading contributor to the market for construction chemicals among countries in the Asia-Pacific region. This suggests that China both consumes and produces a significant amount of construction chemicals compared to other countries in the region. Factors contributing to China’s dominant market position in this industry could include its large population and expanding urban infrastructure projects, driving demand for construction chemicals and materials. This statistic highlights China’s importance in the construction industry within the Asia-Pacific region and its influence on market trends and dynamics in this sector.
In Brazil, the construction chemicals market is expected to grow at a CAGR of over 5% till 2027.
The statistic stating that the construction chemicals market in Brazil is expected to grow at a Compound Annual Growth Rate (CAGR) of over 5% until 2027 indicates a projected continuous and steady expansion of the market over the specified period. This suggests that the demand for construction chemicals, which are materials used in various construction activities to enhance performance, durability, and sustainability of structures, is expected to rise significantly in Brazil. The CAGR of over 5% highlights a positive growth trend that signals potential opportunities for market players and signifies sustained investment and activity in the construction sector in Brazil for the foreseeable future.
The tile adhesive market held a share of 26% in the global construction chemicals market in 2019.
The statistic indicates that the tile adhesive market accounted for 26% of the total market size in the global construction chemicals industry in 2019. This implies that out of all the various types of construction chemicals such as sealants, adhesives, coatings, and concrete additives, tile adhesives specifically held a significant portion of market share. This information is valuable for industry stakeholders, including manufacturers, investors, and policymakers, as it highlights the importance and competitive position of tile adhesives within the overall construction chemicals market landscape. Understanding market share can help identify growth opportunities, assess competition, and make informed strategic decisions within the construction chemicals sector.
The non-residential segment of the construction chemicals market is projected to register a CAGR of 4.8% from 2020 to 2027.
The statement indicates that the non-residential segment of the construction chemicals market is expected to experience a Compound Annual Growth Rate (CAGR) of 4.8% from the base year 2020 to the projected year 2027. This growth rate implies that the market is forecasted to expand steadily at a rate of 4.8% annually over the specified period. The projection suggests that there is increasing demand and potential growth opportunities within the non-residential construction sector for specialized chemical products used in various applications such as adhesives, sealants, concrete additives, and protective coatings. This expected growth rate serves as a valuable insight for industry stakeholders and investors looking to understand the potential market dynamics and trends in the construction chemicals sector.
The construction chemicals market in Europe is projected to register a modest CAGR of 4% from 2020 to 2027.
The statistic indicates that the construction chemicals market in Europe is expected to experience a Compound Annual Growth Rate (CAGR) of 4% from the year 2020 to 2027. This implies that the market is forecasted to grow at a steady and moderate pace over the specified time period. A CAGR of 4% suggests a relatively stable rate of expansion, which could be influenced by factors such as increasing construction activities, infrastructure development, innovation in construction materials, and regulatory requirements. Overall, this projection provides valuable insight into the anticipated growth trajectory of the construction chemicals market in Europe over the next several years.
The African construction chemicals market is projected to grow at a CAGR of 6.2% from 2020 to 2026.
This statistic indicates that the market for construction chemicals in Africa is expected to experience a steady annual growth rate of 6.2% from the year 2020 to 2026. The compound annual growth rate (CAGR) provides insight into the consistent rate of growth over a specific period by smoothing out the impact of any fluctuations. In this context, the projected growth suggests a positive outlook for the construction chemicals market in Africa, with an expectation of sustained expansion in the demand for these products over the specified timeframe. This data can be valuable for industry stakeholders, investors, and policymakers in understanding and planning for the anticipated growth trends in the construction chemicals sector within the African market.
The concrete sealers segment is projected to grow at a CAGR of 7.6% during the forecast period (2020-2027).
The statistic indicates that the concrete sealers segment is expected to experience a Compound Annual Growth Rate (CAGR) of 7.6% over the period from 2020 to 2027. This means that the market for concrete sealers is forecasted to expand at an average annual growth rate of 7.6% during this time frame. The CAGR is often used to measure the growth rate of an investment or market over multiple periods, offering a more accurate representation of the investment’s performance than just looking at individual annual growth rates. In this case, the projection suggests a positive outlook for the concrete sealers sector, indicating increasing demand and market opportunities within the given forecast period.
The US construction chemicals market is forecasted to grow at a CAGR of 7.5% during 2020-2025.
This statistic indicates that the US construction chemicals market is expected to experience steady growth over the period from 2020 to 2025, with a compound annual growth rate (CAGR) of 7.5%. This growth rate represents the average annual rate at which the market is projected to expand during the specified time frame. A CAGR of 7.5% suggests a strong growth trajectory for the construction chemicals industry in the US, driven by factors such as increasing construction activities, infrastructure development, technological advancements, and sustainability initiatives. This forecast indicates promising opportunities for key industry players, investors, and stakeholders to capitalize on the growth potential within the US construction chemicals market.
Water-borne technology is predicted to dominate the construction chemicals market with around 78% share in 2026.
The statistic suggests that water-borne technology is expected to have a significant impact on the construction chemicals market by capturing a large market share of approximately 78% by the year 2026. Water-borne technology refers to construction chemicals that are diluted in water, making them more environmentally friendly and easier to use. This dominance could be attributed to the increasing awareness and adoption of sustainable and eco-friendly construction practices, leading to a shift away from traditional solvent-based chemicals. The prediction indicates that water-borne technology is likely to be the preferred choice among construction professionals and companies in the coming years, driving growth and innovation within the industry.
References
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