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According to the research report "Asia Pacific Construction Chemicals Market Outlook, 2028," the Asia Pacific market is anticipated to grow with more than 7.5% market CAGR in the coming years 2023-2028. The market for construction chemicals in the Asia-Pacific region has grown significantly in recent years, propelled by a number of important factors that when taken together have created a favorable environment for the sector. A number of economic, demographic, and technological trends have combined to increase the need for building chemicals in the area, which is the cause of this expansion. Both urbanization and population expansion have been happening quickly in the Asia-Pacific region. Construction work increases when more people relocate to cities in order to accommodate the growing population. As a result, there is now more need for construction chemicals, which are crucial for improving the functionality, resilience, and sustainability of various building materials and structures. Governments in the region have also made significant investments in infrastructure development, including the construction of roads, bridges, airports, and public buildings. Advanced construction chemicals are necessary for these substantial infrastructure projects for things like concrete admixtures, waterproofing, and corrosion protection. As a result of these governmental investments, the construction chemical sector has seen a significant uptick.
The major market contributors to the Asia Pacific construction chemicals market are China, Japan, India, Australia, South Korea, and the rest of Asia Pacific. Because of the boom in construction activity, the Asia Pacific has been marketed as one of the top markets for employing construction chemicals. Also encouraging the establishment of various manufacturing facilities in India are government policies and programs like Make-in-India. Furthermore, the region's construction chemical producers are being strongly pushed to use environmentally friendly and cutting-edge materials in concrete admixtures, waterproofing, and industrial flooring as a result of growing government and foreign investment in large-scale projects there. The demand for construction chemicals in the Asia Pacific area is expected to rise due to the increasing number of building chemicals utilized in many residential and non-residential sectors. The development of the market is facilitated by the building and construction sector. For instance, the construction sector, along with the output generated from real estate services and ownership of dwellings, contributes 18% to the economy's total output, as per the report. China dominates the market of construction chemicals in 2022; this is directly linked to the country’s population and rapid urbanization. Along with this India, the market is anticipated to grow with more than 13% CAGR from 2023-2028. CCMA (Construction Chemical Manufacturers Association) India is an organized body working to promote the use of Construction Chemicals in India.
The report is segmented based on the Product Type into Concrete Admixture, Waterproofing Chemicals, Repair and Rehabilitation, Adhesives and Sealants, Industrial Flooring, Surface Treatment, Cement Grinding Aids, Protective Coatings, and Grout & Anchor. In Asia Pacific, the concrete mixtures are leading the market. In recent years, the Asia-Pacific region's market for adhesives and sealants has grown significantly, propelled by a confluence of macroeconomic, industrial, and technological factors that have combined to foster a supportive environment for the sector. Rapid urbanization and industrialization in the Asia-Pacific area have increased the region's construction, manufacturing, and automobile industries. Since they are used to attach, seal, and join a variety of materials and components, adhesives and sealants play a key role in various industries. The demand for cutting-edge adhesive and sealant materials, which provide exceptional performance, durability, and flexibility, rises as these industries develop. The grout and anchor market in the Asia-Pacific region is experiencing notable growth, propelled by a multitude of factors that are reshaping the construction and infrastructure landscape across the region. Grouts and anchors play a pivotal role in the construction industry, providing structural stability, reinforcement, and safety in various applications. This demographic shift has spurred the need for new residential and commercial spaces, as well as infrastructure development, resulting in a high demand for grouting and anchoring solutions. As a result, the market has seen a considerable boost from these public investments, especially in countries like China and India, where massive infrastructure expansion initiatives are underway.
Based on the End User Industries segment, the market is divided into Commercial, Residential, Industrial, and Infrastructure. Compared to residential, industrial, and infrastructural projects, commercial buildings frequently have more complicated and specialized construction needs. High-rise buildings, malls, office buildings, hotels, and other commercial buildings may be among them. To achieve specific performance requirements and legal requirements, these constructions frequently call for a variety of construction chemicals for varied uses, including concrete admixtures, waterproofing, sealants, and adhesives. Numerous residential construction projects use construction chemicals, which improves the calibre and durability of houses and apartment complexes. In order to handle large weights, corrosive environments, and particular operational needs, industrial facilities require robust construction solutions. They support the durability and security of these important assets. These make concrete used in infrastructure projects stronger, more durable, and easier to work with, guaranteeing that they can endure high traffic volumes and environmental variables. Asphalt additives and pavement sealants are two examples of construction chemicals that improve the functionality and lifespan of road surfaces.
Companies Covered in this report:
3M Company, BASF SE, H.B. Fuller, Mapei S.p.A., The Dow Chemical Company, Sika AG, Pidilite Industries Limited, RPM International Inc, Henkel AG & Co. KGaA, Akzo Nobel N.V., Wacker Chemie AG, Covestro AG, Compagnie de Saint-Gobain S.A., Fosroc International Ltd., Jotun Group, Ashland Inc, Bostik Axalta Coating Systems Ltd., The Sherwin Williams Company.Considered in this report:
- Geography: Asia Pacific
- Historic year: 2017
- Base year: 2022
- Estimated year: 2023
- Forecast year: 2028
Aspects covered in this report:
- Asia Pacific Construction Chemicals market Outlook with its value and forecast along with its segments
- Country-wise Construction Chemicals market analysis
- Various drivers and challenges
- On-going trends and developments
- Top profiled companies
- Strategic recommendation
Country covered in the report:
- China
- Japan
- India
- Australia
- South Korea
By Product Type:
- Concrete Admixture
- Waterproofing Chemicals
- Repair and Rehabilitation
- Adhesives and Sealants
- Industrial Flooring
- Surface Treatment
- Cement Grinding Aids
- Protective Coatings
- Grout and Anchor
By End-User Industry:
- Commercial
- Residential
- Industrial
- Infrastructure