China Construction Chemicals Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
China Construction Chemicals Market Analysis
The China construction chemicals market is estimated to witness a healthy growth, at an estimated CAGR of over 7%, over the forecast period. Increasing investments in the infrastructure sector are expected to drive the growth of the market studied.
- The concrete admixture and cement grinding aids segment dominated the market, by product type. Moreover, it is expected to witness the highest CAGR during the forecast period.
- The residential segment dominated the market, by end-user sector. However, the industrial segment is expected to witness the highest CAGR during the forecast period.
China Construction Chemicals Market Trends
This section covers the major market trends shaping the China Construction Chemicals Market according to our research experts:
Increasing Investments in the Infrastructure Sector
- Increasing infrastructure construction activity is the major driver for the China construction sector. The country is receiving significant investments, both from public and private sources, which are increasing the development of the infrastructure sector, further increasing the demand for construction chemicals from the sector.
- To boost economic growth, the government approved new subway projects worth RMB 200 billion. In 2019, the investment in railway is estimated to be worth RMB 850 billion. Various projects are also being undertaken, to develop the subway sector, such as Shenzhen’s new subway projects worth RMB 26 billion. These projects are expected to provide ample growth opportunities to the infrastructure companies.
- China is carrying out as well as planning construction projects in more than 60 countries, along various roads and shipping lanes. Known as the Belt and Road Initiative (BRI), the Chinese Marshall Plan to connect Asia, Africa, and Europe will significantly increase the demand for construction chemicals, in the country. This Belt Initiative is expected to cost more than USD one trillion, with China already investing more than USD 210 billion, the majority of it in Asia.
- In 2013, China proposed the Belt and Road Initiative (BRI) to improve connectivity and cooperation on a transcontinental scale. The program is expected to involve over USD 1 trillion in investments up to 2049, largely in infrastructure development for ports, roads, railways, and airports, and power plants and telecommunications networks.
- All the aforementioned factors, in turn, are expected to drive the market for construction chemicals in the country during the forecast period.
Increasing Demand for Concrete Admixtures
- Concrete admixtures are ingredients that are added to the concrete mixture before or during mixing. Concrete admixtures reduce concrete construction cost by modifying the properties of hardened concrete, thereby ensuring better quality during mixing, transporting, placing, and curing. This allows users to overcome emergencies during concrete operations.
- The admixture is generally added in a relatively small quantity, ranging from 0.005% to 2%, by weight of cement. However, overuse of admixtures has detrimental effects on the quality and properties of concrete.
- Based on function, admixtures are categorized into several types, which include air-entraining, retarding, accelerating, plasticizing, and water reducing, among others. The special category admixtures have various functions, including shrinkage reduction, corrosion inhibition, workability enhancement, alkali-silica reactivity reduction, bonding, coloring, and damp proofing.
- China has the largest market for concrete admixture, owing to the massive growth in construction. Various incentives by the governments of the respective countries to promote the infrastructure sector, coupled with the booming residential sector (owing to the burgeoning middle-class population), have largely facilitated the growth of the construction sector in the country, over the recent years.
China Construction Chemicals Industry Overview
The market for construction chemicals in China is fragmented in nature. The major players in the market include Sika AG, BASF SE, MAPEI SpA, Dow, and W. R. Grace & Co.-Conn., among others.
China Construction Chemicals Market Leaders
-
Sika AG
-
BASF SE
-
MAPEI SpA
-
Arkema Group
-
Dow
*Disclaimer: Major Players sorted in no particular order
China Construction Chemicals Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Increasing Investments in the Infrastructure Sector
- 4.2 Restraints
- 4.3 Industry Value-Chain Analysis
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
-
5.1 Product Type
- 5.1.1 Concrete Admixture and Cement Grinding Aids
- 5.1.2 Surface Treatment
- 5.1.3 Repair and Rehabilitation
- 5.1.4 Protective Coatings
- 5.1.5 Industrial Flooring
- 5.1.6 Waterproofing
- 5.1.7 Adhesive and Sealants
- 5.1.8 Grout and Anchor
-
5.2 End-user Sector
- 5.2.1 Commercial
- 5.2.2 Industrial
- 5.2.3 Infrastructure
- 5.2.4 Residential
- 5.2.5 Public Space
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share Analysis**
- 6.3 Strategies Adopted by Leading Players
-
6.4 Company Profiles
- 6.4.1 3M
- 6.4.2 ADCO Constructions Pty Ltd
- 6.4.3 Arkema Group
- 6.4.4 Ashland
- 6.4.5 BASF SE
- 6.4.6 Bolton Group
- 6.4.7 Cemetaid (N.S.W.) Pty Ltd
- 6.4.8 Chryso SAS
- 6.4.9 CICO Group
- 6.4.10 Dow
- 6.4.11 Fosroc Inc.
- 6.4.12 Franklin International
- 6.4.13 Henkel AG & Co. KGaA
- 6.4.14 LafargeHolcim
- 6.4.15 MAPEI SpA
- 6.4.16 MUHU Construction Materials Co. Ltd
- 6.4.17 Pidilite Industries Limited
- 6.4.18 RPM International Inc.
- 6.4.19 Sika AG
- 6.4.20 Thermax Global
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
China Construction Chemicals Industry Segmentation
The China construction chemicals market report includes:
| Product Type | Concrete Admixture and Cement Grinding Aids |
| Surface Treatment | |
| Repair and Rehabilitation | |
| Protective Coatings | |
| Industrial Flooring | |
| Waterproofing | |
| Adhesive and Sealants | |
| Grout and Anchor | |
| End-user Sector | Commercial |
| Industrial | |
| Infrastructure | |
| Residential | |
| Public Space |
China Construction Chemicals Market Research FAQs
What is the current China Construction Chemicals Market size?
The China Construction Chemicals Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in China Construction Chemicals Market?
Sika AG, BASF SE, MAPEI SpA, Arkema Group and Dow are the major companies operating in the China Construction Chemicals Market.
What years does this China Construction Chemicals Market cover?
The report covers the China Construction Chemicals Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Construction Chemicals Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
China Construction Chemicals Industry Report
Statistics for the 2024 China Construction Chemicals market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Construction Chemicals analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
