China Construction Chemicals Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Concrete Admixture and Cement Grinding Aids, Surface Treatment, Adhesive and Sealants, Repair and Rehabilitation, Industrial Flooring, Waterproofing, Grout and Anchor, and Protective Coatings), By End-user (Commercial, Residential, Infrastructure, Industrial, and Public Space), and China Construction Chemicals Market Insights, Industry Trend, Forecasts to 2033.
Industry: Chemicals & MaterialsChina Construction Chemicals Market Insights Forecasts to 2033
- The China Construction Chemicals Market Size Was Estimated at USD 44.68 Billion in 2023.
- The Market is Growing at a CAGR of 6.01% from 2023 to 2033
- The China Construction Chemicals Market Size is Expected to Reach USD 80.09 Billion by 2033
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The China Construction Chemicals Market is expected to reach USD 80.09 billion by 2033, growing at a CAGR of 6.01% from 2023 to 2033.
Market Overview
The industry devoted to the manufacture, distribution, and usage of chemical compounds used in buildings is referred to as the China construction chemicals market. These chemicals, which include waterproofing agents, adhesives, sealants, and concrete admixtures, improve the strength, sustainability, and longevity of building materials. The primary driver propelling the Chinese construction industry is the rise in infrastructure construction activity. The infrastructure sector is growing as a result of the nation's substantial public and private investments, which also raises the need for construction chemicals in that industry. The China construction chemicals market is growing due to the rapid industrialization and urbanization of emerging economies is the cause of the increase in demand for construction chemicals. Additionally, development in construction technologies aids in driving the demand for specialized chemicals. Innovations in construction techniques such as prefabrication and modular construction are examples of modern building techniques that require specific adhesives, paints, and sealants to provide high-quality, economical, and efficient construction processes.
Report Coverage
This research report categorizes the market for the China construction chemicals market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the China construction chemicals market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the China construction chemicals market.
China Construction Chemicals Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 44.68 billion |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 6.01% |
2033 Value Projection: | USD 80.09 billion |
Historical Data for: | 2019-2022 |
No. of Pages: | 210 |
Tables, Charts & Figures: | 115 |
Segments covered: | By Product Type, By End-user and COVID-19 Impact Analysis |
Companies covered:: | BASF SE, MAPEI SpA, Arkema Group, Sika AG, Dow, PetroChina Company Limited, Sidley Chemical Co., Ltd, Zibo JOYREACH New Materials Co., Ltd, and Other Key Players |
Pitfalls & Challenges: | COVID-19 Empact, Challenges, Future, Growth, & Analysis |
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Driving Factors
The China construction chemicals market is growing due to the demand for construction chemicals driven by the construction industry's increasing awareness of and adherence to safety and performance standards. In addition, the market for repair and protection chemicals like epoxy resins and corrosion inhibitors has increased as a result of the growing emphasis on renovating and retrofitting older buildings to satisfy new safety regulations and energy efficiency standards. Additionally, construction chemicals provide admixtures, sealants, adhesives, and protective coatings, improve workability, strengthen buildings, and expedite construction timelines, all of which contribute to the quality, durability, and efficiency of building projects.
Restraining Factors
The construction chemicals industry is restricted by China's strict environmental regulations. In addition, the construction chemicals industry faces volatility in the price of raw materials obtained from petrochemicals.
Market Segmentation
The China construction chemicals market share is classified into product type and end-user.
- The concrete admixture segment accounted for the largest market share in 2023 and is expected to grow at the highest CAGR during the forecast period.
Based on the product type, the China construction chemicals market is divided into concrete admixture and cement grinding aids, surface treatment, adhesive and sealants, repair and rehabilitation, industrial flooring, waterproofing, grout and anchor, and protective coatings. Among these, the concrete admixture segment accounted for the largest market share in 2023 and is expected to grow at the highest CAGR during the forecast period. This segment is growing due to Concrete admixtures lowering the cost of constructing concrete by altering the characteristics of hardened concrete, which guarantees improved quality throughout the mixing, moving, setting, and curing processes. In addition, this enables users to get over crises when working with concrete.
- The residential segment accounted for the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the end-user, the China construction chemicals market is divided into commercial, residential, infrastructure, industrial, and public space. Among these, the residential segment accounted for the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period. This segment is expanding due to the number of residential construction projects has increased due to urbanization and population growth. Additionally, the advantages of employing cutting-edge construction chemicals, such as increased durability and energy efficiency, are becoming more well-known to builders and homeowners. These substances, which include concrete admixtures, adhesives, and sealants, are crucial for improving the caliber and durability of residential buildings.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the China construction chemicals market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- BASF SE
- MAPEI SpA
- Arkema Group
- Sika AG
- Dow
- PetroChina Company Limited
- Sidley Chemical Co., Ltd
- Zibo JOYREACH New Materials Co., Ltd
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In September 2024, Aramco announced a five-year Cooperation Framework Agreement with China National Building Material Group (CNBM) to investigate industrial development and sophisticated materials. This includes prospective factories producing energy storage devices and lower-carbon building materials.
Market Segment
This study forecasts revenue at the China, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the China construction chemicals market based on the below-mentioned segments:
China Construction Chemicals Market, By Product Type
- Concrete Admixture and Cement Grinding Aids
- Surface Treatment
- Adhesive and Sealants
- Repair and Rehabilitation
- Industrial Flooring
- Waterproofing
- Grout and Anchor
- Protective Coatings
China Construction Chemicals Market, By End-user
- Commercial
- Residential
- Infrastructure
- Industrial
- Public Space
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