United States Construction Chemicals Market Size, Share, Opportunities, And Trends By End Use Sector (Commercial, Industrial And Institutional, Infrastructure, Residential), By Product (Adhesives, Anchors And Grouts, Concrete Admixtures, Concrete Protective Coatings, Flooring Resins, Repair And Rehabilitation Chemicals, Sealants, Surface Treatment Chemicals, Waterproofing Solutions), And By Geography - Forecasts From 2024 To 2029

The United States construction chemicals market is valued at US$14.347 billion in 2024 and is projected to grow at a CAGR of 5.43% over the forecast period.

The United States construction chemicals market has been growing and driven by the expanding construction industry, rising infrastructure development, and greater use of green chemicals. Several projects and construction activities are taking place in the country, increasing the demand for construction chemicals. Further, innovative environment-friendly chemicals are shaping the market demand. Government policies and incentives support this market demand.

• The new residential construction annual rate for housing units authorized in permit-issuing places was 18,217,000 in 2023 and 20,182,000 in 2022.
• The new residential construction of the housing units started was 1419.9 (in thousands) in 2023, according to the U.S. Census Bureau.

United States construction chemicals market drivers:

• Growing construction and building industry

The construction industry in the United States has been increasing steadily and is a major part of the country's economy. The construction spending in the United States was 2,122,229 (million USD) in January 2024, which had been 1,932,302 in 2022. This rise in construction spending indicates the industry's expenditure on raw materials. Due to this demand from industry, various industries are investing in the country for further growth. For instance, Dow Chemical's 2023 planned incremental capacity expansion in the United States to accelerate building and infrastructure end-market growth. Further, the demand for affordable housing has caused the expansion of the demand for materials.

• Developing infrastructure industry

The development of infrastructure by the United States has been critical in the demand for building chemicals in the country. The American infrastructure statistics lie in developing water supply facilities, waterways, dams, levees, electricity plants, hazardous waste disposal plants, parks and recreation facilities, transportation structures, and schools. The government-approved bipartisan infrastructure law, combined with the Build Back Better Framework, would invest $461 billion announced for over 60,000 projects. These projects would likely range from repaving roads and water systems. It would help states to competitive funding for massive bridge and transit projects.

• Demand for the green material

The growing demand for the construction industry leads to developing green materials in the country. The government policies promoted by the government are a major cause of the demand for green materials. In August 2023, the U.S. Environmental Protection Agency announced the implementation of the label program to boost clean American manufacturing. These would encourage buyers to find and buy cleaner, more climate-friendly construction materials and products. This would be a $100 million investment by the government. This investment would encourage further green policy implementation in the country. This policy implementation would likely increase the demand for green construction materials.

United States construction chemicals market restraints:

• Environmental concerns regarding the use of synthetic chemicals are hampering the market's growth. The government is bringing policies to curtail the production of environmentally damaging chemicals.

United States construction chemicals market key developments:

• In May 2024, Axalta Coating Systems, a leading global coatings company, announced the acquisition of the CoverFlexx Group from Transtar Holding Company for an initial cash consideration of $285 million, plus an additional $10 million earnout based on the business’s 2024 performance. CoverFlexx Group manufactures coatings for automotive refinish and aftermarket applications, focused on economy customers in North America. The company offers a wide range of primers, basecoats, and clearcoats, as well as aerosols, fillers, bed liners, detailing products, and paint shop accessories.
• In May 2024, US LBM, a leading distributor of specialty building materials in the United States, acquired Better Built Truss, a manufacturer and supplier of structural roof and floor components based in Northern California. With this acquisition, US LBM would operate 12 locations in Northern California, including three structural component manufacturing facilities. Better Built Truss operates two facilities in Oakdale and Ripon, CA.
• In May 2024, PPG built a new paint and coatings manufacturing facility in Tennessee. It would be a $300 million investment in advanced manufacturing in America. The facility would be a 250,000-square-foot facility, PPG’s first new manufacturing plant to be built in the U.S. The facility could supply products for transportation, heavy-duty equipment, building and construction, and consumer sectors.

• In November 2023, Sika invested in polymer production at its Sealy site in the US state of Texas. This would be the second polymer investment in Texas in just five years. Polymers are chemical building blocks needed to manufacture Sika ViscoCrete, a concrete admixture. The company initiated this expansion due to the rising demand for its concrete admixture in the USA and Canada.
• In March 2023,  Axalta Coating Systems, a supplier of coatings solutions to the architectural and design segment, launched its ICONICA collection of Alesta SD powder coatings to the United States market. ICONICA coatings are based on a super-durable polyester resin system. The collection combines higher-grade pigments and stabilizers. This newest edition of ICONICA proposes innovative, smarter surface solutions for better living and a sustainable future.

United States Construction Chemicals Market Scope:

The United States construction chemicals market is segmented and analyzed as follows:

• By End Use Sector
  • Commercial
  • Industrial and Institutional
  • Infrastructure
  • Residential
• By Product
  • Adhesives
  • Anchors and Grouts
  • Concrete Admixtures
  • Concrete Protective Coatings
  • Flooring Resins
  • Repair and Rehabilitation Chemicals
  • Sealants
  • Surface Treatment Chemicals
  • Waterproofing Solutions
• By Geography
  • West Region
  • Midwest Region
  • South Region
  • North Eastern Region