Asia Pacific Construction Chemicals Market to Witness High Growth until 2025

According to TechSci Research report, “Asia Pacific Construction Chemicals Market By Product Type (Concrete Admixtures, Waterproofing Chemicals, Protective Coatings, Construction Adhesive, Construction Sealant, Flame Retardant, Specialty Coatings, Bitumen Emulsifier, Others), By Application (Residential, Industrial/Commercial, Infrastructure, Repair Structures), By Country, Competition, Forecast & Opportunities, 2025”, Asia Pacific construction chemicals market is expected to witness a formidable CAGR during the forecast period. Increasing awareness about green buildings is one of the major factors accounting for the growth of Asia Pacific construction chemicals market. Moreover, swift urbanization and industrialization in the region is further expected to bode well for the growth of Asia Pacific construction chemicals market through the forecast period. In addition to this, growing requirement for durable and aesthetic civil structure, is expected to positively influence the growth of Asia Pacific construction chemicals market in the years to come. Also, the benefits attained in making construction structures more economical both for contractors and other interest holders, is further making headway for the growth of Asia Pacific construction chemicals market. Along with this, high demand for sustainable construction is forecast to positively contribute to the market growth during the next five years.

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Asia Pacific construction chemicals market can be segmented based product type, application, company, and region. Considering the product type, the market is fragmented into concrete admixtures, waterproofing chemicals, protective coatings, construction adhesive, construction sealant, flame retardant, specialty coatings, bitumen emulsifier and others. Among these, the concrete admixtures dominated the market until 2019, by holding more than 40.0% sales volume, and is further anticipated to maintain its dominance during the forecast period as well. This can be primarily attributed to the high-volume usage of admixtures, which aids in reduction of the overall construction cost by changing the properties of the hardened concrete, when compared to other types of construction materials. For instance, the water requirement can be reduced by 5–10%, on addition of admixtures to concrete, which is contributing to the growing trend. Moreover, admixtures increase the concrete quality as well as help in smoothening the construction process. This is another factor propelling the growth of segment in the region.

Arkema S.A., Ashland Inc., BASF SE, Fosroc International Limited, Mapei S.P.A., W. R. Grace & Co., Pidilite Industries Limited, THE Dow Chemical Company, RPM International Inc., Sikka AG, Zhejiang Wulong Chemical Industry Company Limited, Kao Chemicals Global, Huntsman Corporation, The 3M Company, Bostik Company, are among others are the leading players operating in Asia Pacific construction chemicals market. The leading players are adopting several growth strategies to enhance the market scenario of construction chemicals. Other competitive strategies include new product developments; mergers & acquisitions; agreements, partnerships, and collaborations; and expansions to diverse their product portfolio in order to strengthen their market position.

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“Asia Pacific is forecast to witness formidable growth until 2025 on account of enhanced adoption of new construction technologies in the region. In addition to this, growing construction sector is further contributing to the growth of construction chemicals market in the region. Moreover, several initiatives taken by the government that are aimed at promoting infrastructural development are anticipated to drive the market growth during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

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