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Construction Chemical Sales Booming in China

Pramod Kumar

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Pramod Kumar

With the increasing urbanization rate, especially in developing countries such as India, South Africa, Brazil, and China, on account of the rapid migration of people from rural areas to urban areas for better employment opportunities and a higher standard of life, the demand for construction chemicals is surging sharply. This is attributed to the fact that the soaring population of people in urban areas is positively impacting the demand for new buildings, offices, and factories, which is, in turn, fueling the launch of many large-scale construction projects.

Moreover, many private companies are making huge investments in the construction industry in order to meet the rising need for infrastructure, which is also generating lucrative growth opportunities for construction chemical producing companies across the world. As per the Council on Foreign Relations, the construction industry in Mexico surged by 2.0% from 2015 to 2016, on account of the huge investments that were made by private companies in commercial and residential real estate projects in the country. 

Additionally, the rapid construction of green buildings, on account of the increasing concerns being raised over the escalating pollution levels and the burgeoning requirement for energy conservation in buildings, is also driving the sales of construction chemicals, thereby causing the expansion of the construction chemicals market. Moreover, green building materials can massively reduce the emission of harmful gases, which further boosts their popularity across the world. Additionally, these chemicals have the ability to improve the durability of buildings and provide protection against various environmental hazards. 

Besides the aforementioned factors, the ability of these chemicals to reduce the requirement for water and cement during the construction process is also propelling their sales. Due to these factors, the revenue of the construction chemicals market is expected to rise from $55,111.6 million in 2017 to $80,025.4 million by 2023, while the market will exhibit a CAGR of 6.5% from 2018 to 2023 (forecast period), as per the estimates of the market research company, P&S Intelligence. 

Adhesives, protective coatings, concrete admixtures, sealants, asphalt modifiers, and others such as flooring chemicals and flame retardants are the most widely used types of construction chemicals across the world. Out of these, the demand for concrete admixtures was found to be the highest in 2017. This was because of the extensive use of admixtures, owing to their ability to reduce the cost of construction by modifying the traits of the hardened concrete. For instance, the addition of admixtures to water can reduce water requirement by 5–10%. 

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