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(EstateNewsWire.com, October 25, 2019 ) Market Overview
Construction Chemicals are the chemical used for construction purposes such as waterproofing or admixtures. The increasing demand for future-proof and durable constructions is driving the growth of construction chemicals market within the Asia Pacific region.
Moreover, growing construction activities in ASEAN countries such as Indonesia and Vietnam are boosting the market growth.
The increasing infrastructure development activities, investment in commercial, residential housing, renovation activities of historical monuments, water retention structure, bridges, and other civil structures have driven the demand for construction chemical.
Moreover, Increasing the Adoption of Innovative Construction techniques such as ready-mix concrete (RMC) is driving the growth of the Asia Pacific construction chemicals market.
Further, rising government and foreign investments in mega projects in Asia Pacific are encouraging chemical manufacturers in the region to make a strong push toward incorporating sustainable and technologically advanced materials in concrete admixtures, waterproofing, and industrial flooring.
However, stringent government regulations might hamper the growth of the market. In Asia Pacific, specific legislation and regulations are rapidly changing which is one of the biggest challenges faced by the market.
Norms such as environmental protection objectives and low emission norms are lowering the demand for construction chemicals in recent years. Further, the absence of quality standards by construction manufactures is hampering the growth of construction chemical market.
The global Asia Pacific construction chemicals market is segmented by type and application.
By type, the Asia Pacific construction chemicals market is segmented into Concrete Admixtures, Protective Coating, Industrial Flooring, Waterproofing, Adhesives & Sealants, Grinding Aids, and Others.
In 2017, concrete admixtures chemicals accounted for the significant share of the market, owing to an increase in durability, workability and strength characteristics of a given concrete mixture.
By application, the Asia Pacific construction chemicals market is segmented into commercial, residential and infrastructure.
The Asia Pacific Construction Chemicals market is segmented into regions like China, India, Japan, Australia, and rest of the Asia Pacific. The rest of Asia Pacific is further divided into countries as Indonesia, Vietnam, Philippines, Malaysia, Singapore, Thailand, Myanmar, Cambodia, Laos, Brunei, and Others. China leads the market followed by Japan and India. Chinas Construction chemical market is growing owing to factors such as increasingly stringent environmental regulations, and increasing Green buildings.
Asia Pacific Construction Chemicals Companies
The Asia Pacific Construction Chemicals market is highly competitive with the major players in most of the regions. Key players are also expanding their reign globally through R&D cooperation, mergers, acquisitions, and geographic expansion.
Bostik S.A. completed the acquisition of the adhesives division of Nitta Gelatin Inc. by the Bostik-Nitta joint-venture in Japan, on 1st August 2018, actively pursuing its business strategy to expand its adhesive products portfolio to meet increasing market demand. Major companies in the Industry are also focusing on R&D, extensive product portfolio, extensive geographical presence, an aggressive acquisition strategy.
Akzo Nobel Chemicals AG
Axelchem SDN BHD
Cementaid International Group of Companies
Fosroc International Limited
GCP Applied Technologies Inc.
Henkel AG & Co.
MC-BAUCHEMIE MULLER GmbH & KG Chemische Fabriken
PT Penta Chemicals Indonesia
UROMIX CHEMICAL SDN BHD
Report Summary and Scope
Concrete Admixture chemicals accounted for the largest share of the market.
China accounts for the most considerable market value in the Asia Pacific Construction chemicals market accounting for 64% closely followed by Japan.
The report covers the factors impacting the market, Porter 5 Forces, Competitive Landscape, Product Benchmarking, and company profiles.
Asia Pacific Construction Chemicals Market is segmented based on the application as into construction, food & beverage, metalworking, oil and gas, paints & coatings, pharmaceuticals, water treatment, and others.
Based on the product type the market is segmented as metallic compounds, halogen compounds, organic acids, sulfones, phenolic, and others.
Based on geography the market is segmented into North America, South America, Asia Pacific, Asia Pacific, and the Middle East and Africa.
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