The global construction chemicals market is expected to grow at a CAGR of 5.7% during the forecast period, to reach $61.1 billion by 2022. A significant growth in demand for construction chemicals is anticipated due to increasing awareness for quality construction, and increasing industrialization and urbanization.

Construction chemicals are the additives added to Portland cement, concrete or other construction materials to bind them together and improve their structural properties. It is also used for protection against leakages and shrinkage cracks and to improve the durability of civil structures. With the advancement in technology, new innovative products are being developed to enhance workability and impart further protection from environmental threats. In addition, the use of these chemicals during construction also minimizes the quantity of water and cement generally required.

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Construction chemicals have a wide variety to ease the workmanship in demanding conditions at several stages of construction. Today each full-fledged construction chemicals manufacturer produces 50 to 100 different construction chemicals. It is a chemical complex added in formulation of several construction materials or specialty chemicals made of mortar, concrete and cement at building sites to increase compatibility with building structure, improve performance, workability, and protect finished structures and construction materials. It contains a wide range of materials, such as admixtures including waterproofing admixtures, accelerating agents, plasticizers, retardants and others, cementations, sealants and adhesives such as polyurethanes, acrylic adhesives, epoxy polyvinyl acetates and others, and flame retardants such as antimony oxides, ATH, chlorinated and brominated.

Based on type of chemical, the construction chemicals market has been generating highest revenue from protective coatings, while adhesive & sealants, concrete admixture, and asphalt additives are the other major construction chemicals.

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Growing urbanization and industrialization, and increasing awareness for quality construction are the factors responsible for driving the demand of construction chemicals.

The key opportunity witnessed in the construction chemicals market is a new range of products and services and increasing awareness for energy conservation and sustainability. Energy conservation refers to reduction of energy consumption through less energy usage. There has been increasing awareness for energy conservation due to growing concern about increasing energy demand all over the world.

Some of the major companies operating in the construction chemicals market include BASF SE, Akzo Nobel Chemicals AG, Ashland Inc., Antas Chemical Company Limited, 3M Company, Bostik Inc., Albemarle Corporation, The Dow Chemical Company, Evonik Industries, and Sika A.G.