Indonesia Construction Chemicals Market to Grow at 13% CAGR until 2026
Rising
residential and commercial construction coupled with increasing government
investments in infrastructural developments to drive demand for construction
chemicals in Indonesia through 2026
According to TechSci Research
report, “Indonesia
Construction Chemicals Market By Type, By End Use, Competition Forecast and Opportunities, 2012 – 2026’’, Indonesia construction chemicals market is forecast to grow
at a CAGR of over 13% during 2017 - 2026, on account of increasing government
and private sector investments in the construction sector. Rising
disposable income of people and expanding population base is boosting demand
for modern construction and this is anticipated to augur well for high quality construction
chemicals market in the country through 2026.
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Construction Chemicals Market"
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Indonesia construction
industry is projected to exhibit robust growth in demand for construction
chemicals through 2026, on the back of increasing establishment of residential
and non-residential buildings. Increasing number of initiatives by Government of
Indonesia towards development of transport infrastructure, including plans to
develop 24 ports for handling higher passenger and cargo traffic, is also
expected to boost demand for construction chemicals in the coming years. Additionally,
under the Medium-Term Infrastructure Development Plan 2015-2019, Indonesian
government announced plans to invest $105.31 billion for construction of 2,650
kilometers of new roads, 1,000 kilometers of new toll roads, and maintenance and
upgrading of 46,770 km of roads. Growing number of road construction and
maintenance projects is expected to boost demand for concrete admixtures,
adhesives & sealants and other type of construction chemicals in the coming
years. Concrete admixtures garnered the largest share in the country’s
construction chemicals market, as these chemicals provide strength to
construction materials and offer long term durability to structures. Increasing
consumption of concrete admixtures in the infrastructure sector is anticipated
to positively impact growth of Indonesia construction chemicals market through
2026.
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“In 2016, Java
region dominated demand for construction chemicals in Indonesia, owing to
growing construction activities in the region. Java is one of the most developed
regions in the country and is a hub for major commercial activities. Rising
construction of residential units coupled with robust growth in commercial
infrastructure developments is anticipated to boost demand for construction
chemicals in the region. Jakarta, the capital of Indonesia, also generates huge
demand for construction chemicals, due to various upcoming construction projects. Increasing
construction of residential complexes and commercial spaces in the region is
expected to boost demand for construction chemicals in the country during the
forecast period as well.”,
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Indonesia
Construction Chemicals Market By Type, By
End Use, Competition Forecast
and Opportunities, 2012 – 2026” has evaluated the future growth potential of Indonesia
construction chemicals market and provide statistics and information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
evaluation. Besides, the report also identifies and analyses the emerging
trends along with essential drivers, challenges and opportunities in Indonesia
construction chemicals market.
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