Europe Construction Chemical Market Analysis and Forecast (2018-2028) – Segmentation by Geography, Product, and End User
Executive Summary
The European construction chemical market is a dynamic and growing sector that plays a crucial role in the construction industry. Construction chemicals are specialty chemicals used in various stages of construction to enhance the performance, durability, and sustainability of structures. They include adhesives, sealants, concrete admixtures, waterproofing chemicals, protective coatings, and more.
The European construction chemical market is characterized by its diverse application areas, including residential, commercial, industrial, and infrastructure projects. The market is driven by factors such as increasing urbanization, infrastructure development, and stringent regulations regarding construction quality and environmental sustainability.
Germany, France, the United Kingdom, Italy, and Russia are the major contributors to the construction chemical market in Europe. These countries have robust construction industries and are witnessing significant investments in infrastructure development. Additionally, Eastern European countries, including Poland, Czech Republic, and Hungary, are emerging as lucrative markets for construction chemicals due to their growing construction activities.
Performance of Europe Construction Chemical Market Segmentation
By Product: In terms of product type, concrete admixtures holds the largest market share in Europe. This is attributed to their ability to improve the strength, workability, and durability of concrete. Waterproofing chemicals and adhesives & sealants are also significant segments within the market. In 2020, Germany, Russia, and France were indeed the major contributors to the European adhesive and sealant industry, collectively accounting for nearly 40% of the market value. The European adhesive and sealant market in that year reached a value of EUR 17.1 billion.
Looking ahead, there is expected to be an increased demand for adhesives and sealants in the coming years. The national reconstruction efforts in war-torn Ukraine and disaster-stricken Turkey are anticipated to create numerous opportunities for the European adhesives and sealants market.
By End User: Residential sector accounts for the largest market share in the Europe construction chemical market followed by the commercial sector.
When the industry was still recovering from the impacts of the COVID-19 pandemic in 2021, it was one of the main factors driving the total growth in construction investment thus driving demand for construction chemicals.
By Geography: The Europe Construction Chemical market by region is divided into the United Kingdom, Germany, France, Russia, Italy, and Others. Germany led the Europe construction chemicals market in Europe with a market share of almost one fourth, followed by UK, France and others. Germany stands as Europe's largest construction market, boasting the largest building stock on the continent.
In 2020, the industry's revenue in Germany increased by 5.9%, this growth signifies the robustness of the construction sector in Germany. Over the projected period, the demand for high-performance construction materials is expected to drive the expansion of the Europe construction chemicals market in Germany.
Future Outlook
The outlook for European housing construction is not likely to improve until 2024, but it is anticipated to regain strength after 2024. Between 2023 and 2024, global construction activity would decrease by almost 3%, only to moderately rebound in 2025. This year, the volume of new buildings will decrease by 2% as a result of the economic repercussions of the conflict in Ukraine which will have a negative impact on the construction chemical.
The European construction chemical market is expected to witness steady growth after 2024. Factors such as increasing investment in green construction, rising awareness about sustainable building practices, and the adoption of advanced construction technologies are anticipated to drive market growth. However, challenges such as volatile raw material prices and the impact of stringent regulations on chemical usage may pose obstacles to market expansion.
Overall, the European construction chemical market presents lucrative opportunities for both existing players and new entrants. With the growing emphasis on sustainable and innovative construction practices, the demand for construction chemicals is expected to continue rising in the region.
Scope of the Study
Makreo Research report titled "Europe Construction Chemical Market - Analysis, Trends, and Forecast (2018-2028) - Segmentation by Geography, Product, and End User" focuses on the specific sector of construction chemicals. It offers a comprehensive evaluation of the historical and current trends within the industry, examining the market based on product types, end-users, and geographical regions. The study encompasses Germany, France, and the United Kingdom in its geographic analysis of the European market. The report effectively combines qualitative and quantitative analyses, considering both macroeconomic and microeconomic factors. The future outlook has been carefully assessed, taking into account changes in macroeconomic variables.
Segmentation Covered: The report examines the construction chemical in terms of market revenue and further breakdown into market segmentation:
By Geography
- Germany
- United Kingdom
- France
By Product Segmentation
- Concrete Admixtures
- Asphalts Additives
- Waterproofing Chemicals
- Adhesives & Sealant
- Flame Retardants
- Others
By End User
- Residential
- Commercial
- Industrial
- Infrastructural
Key Questions Answered
- What is the size of the construction chemical market in Europe?
- How has the revenue of the Europe construction chemical market grown historically, and what is its current state?
- How is the Europe construction chemical market segmented, and which segments are dominant and rapidly evolving?
- What were the major driving factors that contributed to the growth of the industry in the past?
- Which region has the highest market share in the Europe construction chemical market?
- What is the current pricing situation in the Europe construction chemical market?
- What is the market share of Europe in the global construction chemical market?
- How is the construction sector performing in different regions?
- What is the projected future of the Europe construction chemical market?
- What are the factors expected to drive the growth of the Europe construction chemical market in the future?