China Construction Chemicals Market By Product Type (Concrete Admixture, Waterproofing & Roofing, Repair, Flooring, Adhesive & Sealants, Others), By Application (Residential, Commercial, Industrial), By Region, and Competition, Forecast and Opportunities, 2028

Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format

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China Construction Chemicals Market By Product Type (Concrete Admixture, Waterproofing & Roofing, Repair, Flooring, Adhesive & Sealants, Others), By Application (Residential, Commercial, Industrial), By Region, and Competition, Forecast and Opportunities, 2028

Moreover, China creates the highest revenue from its chemical industry in the world which is 43% of global trade. China is global leader in chemical exports, with an annual export value of over 72 billion U.S. dollars.

Construction chemicals refer to a broad range of specialty chemicals used in the construction industry to enhance the performance, durability, and aesthetic qualities of buildings and other structures. These chemicals are designed to improve the properties of building materials such as concrete, mortar, cement, and asphalt. In China's building industry, construction chemicals are widely used in various applications, such as Concrete admixtures, which is a type of chemical additives that is added to concrete mixtures to improve their workability, strength, durability, and resistance to moisture and chemical attack. As a waterproofing agent these

The Chinese construction chemical market is highly fragmented, with several domestic and international players operating in the market. The domestic players account for a significant share of the market, owing to their cost advantages and strong distribution networks. The international players are present in the market and are competing based on their technological advancements and product quality. The construction chemical market in China is highly competitive, with several players operating in the market. Hence, companies are focusing on product innovation, technological advancements, and strategic partnerships to gain a competitive edge in the market.

Waterproofing chemicals, sealants and adhesives, protective coatings, and flooring and decorative coatings are the other major segments in the Chinese construction chemical market. These chemicals are used in various applications such as waterproofing roofs and walls, bonding and sealing joints between building materials, protecting surfaces from corrosion and weathering, and enhancing the aesthetic appeal of buildings.

In 2021, China allocated a quota of USD 573 billion in SPBs for local governments, of which 97 percent had been issued by December 15, 2021. All the funds raised through the issuance of special-purpose bonds were used in “key areas determined by the Party Central Committee and the State Council”.

Rapid Urbanization and Infrastructure Development

One of the major drivers influencing the construction chemical market is an increase in demand for concrete admixtures. Concrete is a primary building material used in the construction industry, and the demand for high-performance concrete is growing due to the need for durable and long-lasting structures. Concrete admixtures are used to improve the strength, workability, and durability of concrete, making it more resistant to environmental factors such as weathering, corrosion, and chemical attack. Another effect of rapid urbanization and infrastructure development on the construction chemical market is an increase in demand for waterproofing agents, sealants, and adhesives. These products are used to protect building materials from water damage, which is particularly important for buildings and infrastructure projects in areas prone to flooding and heavy rainfall.

Furthermore, rapid urbanization and infrastructure development have led to an increase in demand for protective coatings for bridges, tunnels, highways, and other infrastructure projects. Protective coatings help to prevent corrosion and weathering, which can lead to structural damage and reduce the lifespan of the infrastructure. Finally, rapid urbanization and infrastructure development have led to an increased focus on sustainable building materials and green buildings. The demand for eco-friendly and energy-efficient construction chemicals is growing, as developers and builders seek to reduce the environmental impact of their projects and comply with government regulations. Therefore, rapid urbanization and infrastructure development in China has a significant impact on the construction chemical market. The demand for high-quality and durable building materials, waterproofing agents, sealants, adhesives, and protective coatings is increasing, and the market is seeing a growing demand for sustainable and eco-friendly construction chemicals. As China continues to develop its infrastructure and urban areas, the construction chemical market is expected to continue to grow and evolve to meet the changing needs of the construction industry.

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Increasing Demand for Sustainable Construction Materials is influencing the Market Growth

The increasing demand for sustainable construction materials in China has a significant impact on the construction chemicals market in the country. The trend towards sustainable building materials is being driven by a growing awareness of environmental issues and the need to reduce carbon emissions in the construction industry. As a result, the demand for eco-friendly and energy-efficient construction chemicals is growing.

One of the main reasons of the growing trend of the construction chemicals market in China is an increase in demand for green concrete admixtures. These admixtures are used to improve the sustainability of concrete by reducing its carbon footprint and improving its energy efficiency. Green concrete admixtures can help to reduce the amount of cement needed in concrete mixtures, which is one of the main contributors to the carbon footprint of the construction industry.

The trend towards sustainable construction materials on the construction chemicals market in China is an increase in demand for eco-friendly waterproofing agents, sealants, and adhesives. These products are being developed to be more sustainable and less harmful to the environment, while providing the necessary protection for building materials. Furthermore, the trend towards sustainable construction materials is driving innovation in the development of construction chemicals. Companies are investing in research and development to create new, eco-friendly products that can meet the growing demand for sustainable building materials. Some local Chinese companies have launched new products in the market. For example, the chemical company Henan Botai Chemical Building Materials Co. Ltd. recently launched a new range of dry-mix mortar additives. The additives are designed to improve the bonding strength, water resistance, and workability of mortars used in construction. Hence all these factors are expected to propel the demand of China Construction Chemical Market growth.


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Rising Technological Advancement is helping Construction Chemicals Market Growth

Technological advancements have a significant impact on the construction chemicals market in China. The adoption of new technologies is helping to improve performance, quality, and efficiency of construction chemicals, making them more attractive to developers, builders, and contractors. Such as

Improved Manufacturing Processes

New Materials

Digitalization


MIR Regional

Environmental Sustainability

Market Segmentation

China Construction Chemicals Market

Company Profiles

Sinopec Shanghai Petrochemical Co Ltd, Aramco Far East (Beijing) Business Services Company Limited, PetroChina Company Limited, Sidley Chemical Co., Ltd, and Zibo JOYREACH New Materials Co., Ltd

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million,  and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, Company shares, competitive landscape, growth factors, and trends

Segments covered

Product Type

Application

Regional scope

East China, North & North-East China, Southwest China, South-Central China, and Northwest China

Key companies profiled

Sinopec Shanghai Petrochemical Co Ltd, Aramco Far East (Beijing) Business Services Company Limited, PetroChina Company Limited, Sidley Chemical Co.,Ltd, and  Zibo JOYREACH New Materials Co., Ltd.

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