Asia-Pacific Construction Chemicals Market - Segmented by Product, Application and Geography (2015-2020)

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Oct 21, 2015, 05:13 ET

LONDON, Oct. 21, 2015 /PRNewswire/ -- The Asia-Pacific Construction Chemicals market (by revenue) was estimated to be valued at $17,495 million in 2014, is projected to reach $26,457 million by 2020; thereby witnessing a CAGR of 8.32%. It is the biggest and the fastest growing region in the world due to the increase in construction activity, especially in India and China.

China and India collectively corner a substantial share of Asia-Pacific's construction chemicals market, with the former expected to be the largest, as also the fastest growing in terms of demand. Concrete & cement admixtures represent the largest product segment, though demand for flame retardants and waterproofing chemicals in Asia-Pacific is poised to register robust growth. By end-use area, while industrial and infrastructure applications dominate the market for construction chemicals in the region, demand for the same is likely to be fastest for residential applications.

The report has been segmented on the basis of product type and by application. By product type it includes adhesives, concrete & cement admixtures, flame retardants, protective coatings, sealants, waterproofing chemicals and other construction chemicals. It is identified that the admixtures market has the largest market share of 34.5%, major reason for growth of this market is high construction activity overall throughout every region. By application the market segmentation includes commercial, industrial, infrastructure and residential. The residential segment has the largest market share of about 36%.

The major companies are analyzed in the report include 3M Company, Albemarle Corporation, Arkema SA, Ashland Inc, BASF SE, Dow Chemicals and Fosroc International Ltd. among others.

Drivers

Demand for construction chemicals has a direct correlation with the level of new and redevelopment construction activity being undertaken in a specific region. Asia-Pacific and Middle East have contributed to a large extent in this area, which is clearly indicated through the scale of infrastructure, industrial and commercial activity in these regions. Requirements of adequate housing for the growing populations in the world's developing regions would fuel demand for residential construction, which, in turn, would be instrumental in propelling other areas, such as development of infrastructure, industries and commercial spaces.

What the report contains

The report has been segmented on the basis of product type and by application. By product type it includes adhesives, concrete & cement admixtures, flame retardants, protective coatings, sealants, waterproofing chemicals and other construction chemicals. By application the market segmentation includes commercial, industrial, infrastructure and residential.

Lastly, the report is divided by countries - China, India, Japan, South Korea, Indonesia, Thailand, Malaysia, Singapore, Philippines, Vietnam, Bangladesh, Sri Lanka and rest of APAC; where-in the market share of each region is analyzed and estimates are provided for the next 5 years.
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