Global Concrete Admixtures Construction Chemicals Market Trends and Forecast: Revenue Growing at a CAGR of 7.15%

Global Concrete Admixtures Construction Chemicals Market Overview

According to Global Market Monitor, the global concrete admixtures construction chemicals market size is expected to grow to $25.46 billion by 2029 with a CAGR of 7.15% from 2024 to 2029.Admixtures provide high process ability, high compressive strength, durability, water tightness, abrasion resistance and high finish for complex modern structures.

Waterproof coating is also called waterproof building coating. It is a fluid or semi-fluid material. It can be applied on the surface of the base layer by brushing or spraying. The solvent, water volatilizes or the chemical reaction between the components forms certain elasticity. And a certain thickness of continuous film, to isolate the surface of the base layer from water, plays a waterproof and moisture-proof role.Waterproof coatings are mainly used in the four major fields of housing construction, civil engineering construction, and construction installation, building decoration, decoration and other construction industries. At present, waterproof coatings are mainly used in the field of housing construction and civil engineering construction, and there are relatively few applications in the construction and installation industry, as well as in building decoration, decoration and other construction industries.

Regional Market

China is currently the largest construction market, but their activities are weakening in global infrastructure and industrialization, and the impact on the residential sector is growing, so the construction market is cooling. China's market for exterior wall waterproofing will generate a lot of demand. Standards for exterior wall waterproofing are expected to be formulated and implemented in recent years, and will be promoted throughout the country. Compared with the roof and basement, the outer wall of each floor uses waterproof materials, and it has four walls, which is in great demand.

The growth rate in the northern United States will be higher than in China. In the US market, building waterproofing materials are mainly used for house renovation. In the next 15 years, developed countries will continue to be the fastest growing in the world. The European construction market is still positive. This is partly due to the strong recovery of the French market, continued recovery in southern Europe, and overall stability in the Western European market.

Threat of Substitutes

Building waterproof coating is a kind of building waterproof material. In addition to waterproof coating products, there are still many other waterproof materials, such as waterproof membrane. Because the tensile strength and tear resistance of building waterproof coatings cannot be compared with that of waterproof membranes, the aging resistance is poor, and the thickness and uniformity of the coating are not easy to grasp and control. The disadvantages of construction and curing film formation are subject to environmental constraints. The coating is mainly used in the waterproofing of kitchens, bathrooms, and three-dimensional walls. In other applications, it is mainly used as a supplement to or in combination with waterproofing membranes. Therefore, the market share growth of waterproof coatings is threatened by its substitutes.

Drivers	The development of the infrastructure industry brought by the economic recovery has promoted the development of the industry.
	The development of the Chinese market has brought new demands to the building waterproofing industry.
	The rise of the renovation market
Limitations	Threat of substitutes
	Intense market competition