• Admixtures;
• Concrete curing compounds;
• Water-proofing chemicals;
• Surface retarders;
• Installation aids;
• Polymer bonding agents;
• Mold releasing agents;
• Ready to use plaster

The global construction chemicals market is predicted to generate a revenue of $48.9 million by 2026, as stated in a report by Research Dive. 

The construction chemical market is predicted to surge in the forthcoming years due to fast-growing urbanization and smart city developments across the world. For instance, according to a report published by statista.com, the global spending on construction activities was valued at $12 trillion before the COVID-19 pandemic and is estimated to increase by 3% per annum. 

Also, spending on construction is projected to reach $19.2 trillion by 2035. One can expect expenses in projects like real estate (commercial or residential) and industrial or infrastructure structures. 

Staista.com also suggests that the United States is one of the fastest-growing regions in the construction industry, with expenses reaching up to $1,293 billion U.S. dollars. Furthermore, in 2019-2020 Buenos Aires was predicted to experience rapid growth in construction activities and in 2021, the Asia-Pacific region is anticipated to be the largest construction industry globally.

Apart from this, as per the figures by investindia.gov.in, the Indian construction sector is projected to enhance at a CAGR of 15.7% and exceed $738.5 billion by 2022. Another facet of the boom in the construction chemicals market is changing climatic conditions. During downpours, wet winters, and high heat the buildings may get damaged or deteriorate. To avert this, construction chemicals are preferred by all real estate businesses. Moreover, certain aspects of these chemicals like resistance to undesirable weather, strength, and durability are aiding in the growth of the global construction chemical market.

Recent advances in the market by well-known industrialists or companies such as preparing product portfolios, planning advertising campaigns, looking for new and quality products, and aiming to launch new products are helping key businesses to expand the global construction chemicals market. For example, in December 2019, BASF, a chemical company, affiliated with Lone Star, a private equity firm, and signed an agreement for the acquisition of BASF’s construction chemical business. This acquisition aimed to expand the business to its full potential by finding a new place and the construction chemical business suits well for the product portfolio of Lone Star.