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BASF, SOPREMA USA, Dayton Superior, Bostik, Saint-Gobain, DowDuPont & H.B. Fuller are the Key Players For the Growth of APAC Construction Chemicals Market
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The rising cost of projects, failures, and defects in the constructed facilities have resulted in both economic loss as well loss of life. Also, re-construction may be required even with minor defects, thus resulting in increased costs and delays. In order to address these concerns, various urban development agencies emphasize on the of usage of construction materials in order to strengthen the structure of a building.
On the basis of type, the APAC construction chemicals market is categorized into concrete admixtures, adhesives, sealants, protective coatings, asphalt modifiers, and others. Others include flooring chemicals and flame retardants. Among all types, the volume sales of concrete admixtures are expected to exhibit fastest growth in the APAC construction chemicals market, with a CAGR of 6.1% during the forecast period.
India is expected to be the fastest growing construction chemicals market during the forecast period. The country is experiencing a rapid industrialization and urbanization, which is a major factor contributing towards the country’s growth. Also, increased investment in infrastructure development is also driving the demand of construction materials in the country.
Over the past few years, countries such as China, India, and Indonesia have emerged as one of the major markets for construction materials. The rapid industrialization and commercialization in these countries have been characterized by the development of new commercial towers, manufacturing facilities, and new infrastructure projects, which have resulted in sharp increase in the consumption of construction materials.
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Some of the major players operating in the APAC construction chemicals market are BASF SE, Sika AG, SOPREMA Group, asia mortar, Dayton Superior Corporation, Dahsin Waterproofing Co. Ltd., Bostik SA, Saint-Gobain S.A., SKK (S) Pte. Ltd., DowDuPont Inc., and H.B. Fuller Company.
APAC CONSTRUCTION CHEMICALS MARKET SEGMENTATION
By Type
Concrete Admixtures
Adhesives
Sealants
Protective Coatings
Asphalt Modifiers
Others
By Country
China
By type
Japan
By type
India
By type
South Korea
By type
Rest of APAC
By type
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