Growing Construction Activity in Indonesia
The improved spending in infrastructure by the Indonesian government, in order to provide a better environment for businesses and normal residential purposes, is expected to boost the demand for buildings and other infrastructure in the country, making Indonesia a country with good potential and several growth opportunities for construction chemicals. Indonesia is in an extreme need of better infrastructure, owing to rising population, rapid urbanization, and rising disposable income from the middle-income-class and the elite-income-class. Indonesia’s GDP is expected to increase by up to 10% in the next fifteen years, and the construction industry is anticipated to account for the largest segment. Moreover, over the past few years, Indonesia has become one of the major hosts of numerous national and international events owing to their business potential. Thereby, increasing the demand for hotels, shopping malls, high-rise buildings, and stadiums (both outdoor and indoor), consequently, boosting the construction industry in the South-East Asia region.
Residential Building is the Fastest Growing Segment
Due to rapid urbanization, especially in Indonesia and Singapore, the demand for residential construction is increasing. In this sector, the demand for construction chemicals is seen in the building of new structures as well as in the repair of the old structures. The construction chemicals market in the residential segment has increased in South-East Asia, primarily in countries such as Indonesia, Thailand, and Singapore. The Indonesian government has started a program to build around a million housing units across Indonesia, for which the government has set aside around USD 1 billion from the state budget. Such investments for residential constructions and the improvements in the market scenario are driving the market for construction chemicals in the residential segment.
Key Developments in the Market
- January 2018: Sika earnings grow by 8-9%.
- December 2016: BASF opens new plant in the Philippines to supply construction chemicals for local market.
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- Countries that are expected to witness the fastest growth during the forecast period
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1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Growing Construction Activity in Indonesia
4.1.2 Increased Adoption of Innovative Construction Procedures
4.1.3 Development Plans of Governments to Spur Growth
4.1.4 Rising Demand for Water-Based Products
4.2.1 High Cost Association
4.3.1 Increasing Focus on Sustainable Materials
4.3.2 Growing Emphasis on Environment Friendly Buildings
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Product Type
126.96.36.199 Hot-melt Adhesives
188.8.131.52 Reactive Adhesives
184.108.40.206 Water-borne Adhesives
220.127.116.11 Solvent-borne Adhesives
5.1.2 Concrete & Cement Admixtures
18.104.22.168 Plasticizers (Including Super Plasticizers)
22.214.171.124 Accelerating Agents
126.96.36.199 Air Entraining Agents
188.8.131.52 Retarding Agents & Others
5.1.3 Flame Retardants
184.108.40.206 Inorganic Compounds
220.127.116.11 Hydroxides (Aluminum & Magnesium)
18.104.22.168 Nitrogen based
22.214.171.124 Phosphorus based
5.1.4 Protective Coatings
126.96.36.199 Exterior & Interior Paints
188.8.131.52 Corrosion Resistant Coatings
184.108.40.206 Abrasion Resistant Coatings
220.127.116.11 Chemical Resistant Coatings
5.1.5 Water Proofing Chemicals
18.104.22.168 Synthetic Rubber
5.1.6 Other Construction Chemicals
5.2 By Application
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.7 Rest of Sout East Asia
7. Competitive Landscape
7.1 Mergers and Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis***
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.2 Arkema SA
8.3 Ashland Inc.
8.4 BASF SE
8.6 Elotex AG (Akzo Nobel)
8.7 Franklin International, Inc.
8.8 Henkel KGaA
8.9 GCP Applied Technologies (W.R. Grace & Co)
8.10 Lafarge SA
8.11 Mapei SpA
8.12 Pidilite Industries Ltd
8.13 RPM International Inc.
8.14 Selena FM SA
8.15 Sika AG
8.16 H.B. Fuller Construction Products Inc.
8.17 LORD Corp.
*List not exhaustive
**Subject to availability on public domain
- Arkema SA
- Ashland Inc.
- BASF SE
- Elotex AG (Akzo Nobel)
- Franklin International, Inc.
- Henkel KGaA
- GCP Applied Technologies (W.R. Grace & Co)
- Lafarge SA
- Mapei SpA
- Pidilite Industries Ltd
- RPM International Inc.
- Selena FM SA
- Sika AG
- H.B. Fuller Construction Products Inc.