Executive Summary
The Asia Pacific construction chemical market has experienced robust growth due to the increasing demand for construction projects, both residential and commercial, across the region. This growth is fueled by factors such as population growth, urbanization, and government initiatives to develop infrastructure.
China is the market leader for construction chemicals in the Asia Pacific region, with India having a small share of the market. However, as more people become aware of the advantages of construction chemicals, demand for these products is growing in India. In the Asia Pacific construction chemicals market, China accounts for the largest market value, closely followed by Japan.
More than one-third of the world's construction chemical sales are made in China, which is also the market with the highest volume. Due to rising domestic demand for homes and businesses, China is predicted to maintain its dominance. Other countries which are expected to boost the global market are India, Brazil, Russia and Australia.
Asia-Pacific (APAC) is back in positive territory after shrinking by an average of 2.4% in 2020. The area is anticipated to continue being the fastest-growing region in the globe in 2023, continuing a pattern that is anticipated to go well into the next ten years.
Product Segmentation
By Product: The majority of share is held by Concrete Admixture. Over the forecast period, the market for concrete admixtures is anticipated to be driven by the rising residential construction activity in the Asia-Pacific region. Japan and South Korea are the two main Asian-Pacific nations that control the market for concrete admixtures.
By End User: The Asia Pacific Construction Chemical market by end user is divided into Residential, Industrial, Commercial, Infrastructural, and Others. Market in Asia is dominated by the residential sector. Asia region, which includes China and India, two of the world's most populated countries, has a high need for residential space. The residential market, which drives real estate growth in India, has seen unheard-of growth in all of the major real estate hotspots, including the important Delhi NCR cities of Gurugram and Noida. The demand for this market category increased by 34% in 2022, the largest increase in the previous nine years. Residential demand's rising trend persisted in Q1 2023 as well.
By Geography: The Asia Pacific Construction Chemical market by geography is divided into China, India, Japan, Australia, South Korea and Rest of APAC. In the Construction chemical market, China dominates the Asia-Pacific market. Due to increased investments and construction activity in the nation, the demand for construction chemicals is anticipated to increase over the course of the projected period.
In 2024 and beyond, it is anticipated that changes in government spending and infrastructure projects will be essential in reviving the Asia Pacific construction sector. Residential construction in China is expected to continue to be vital. The expansion of construction operations in Asia and the Pacific will be fueled by the region's ongoing industrialization, urbanization, population growth, middle-class income growth, and infrastructure expansion. The need for the construction of higher-quality residential buildings will expand along with individual disposable income, which will boost the market demand for construction chemicals.
More than two-thirds of people will live in urban areas in East Asia by 2030, compared to 42% in South Asia and 55.8% in Southeast Asia.It is important for industry participants to stay updated with the latest market trends, regulations, and innovations to capitalize on the opportunities presented by the Asia Pacific construction chemical market.
Scope of the Study
Makreo Research report titled "Asia-Pacific Construction Chemical Market: Analysis, Trends, and Forecast (2018-2028) - Segmentation by Geography, Product, and End User" focuses on the specific sector of construction chemicals in the Asia-Pacific region. The report offers a comprehensive examination of the historical and current industry trends, assessing the market based on product types, end-users, and geographical regions. The industry analysis of the Asia-Pacific market includes China, India, Japan, and Australia. The report effectively combines qualitative and quantitative analyses, providing a well-balanced mix of macroeconomic and microeconomic analysis. Moreover, the report takes into consideration changes in macroeconomic variables while carefully evaluating the future prospects of the market.
The report examines the construction chemical in terms of market revenue and further breakdown into market segmentation:
By Region
By Product Segmentation
By End User
Table of Content
Report Synopsis
Industry at a Glance
1. Research Methodology
1.1. Objective of the Study
1.2. Research Process
1.3. Data Collection Methods
1.4. Analytical Framework
2. Asia-Pacific Construction Chemical Market – Past & Present Performance
2.1. Global Construction Chemical Market- An Overview
2.2. Positioning of Asia-Pacific in Global Construction Chemical Market
2.3. Asia Pacific Construction Chemical Market - An Overview
2.3.1. Asia Pacific Construction Chemical Market - Past & Present Performance
3. Asia Pacific Construction Chemical Market Segmentation
3.1. Asia Pacific Construction Chemical Market Structure
3.1.1. Asia Pacific Construction Chemical Market - by Product Type
3.1.2. Asia Pacific Construction Chemical Market- By End User
3.1.3. Asia Pacific Construction Chemical Market- by Geography
4. Asia Pacific Construction Chemical Market – By Geography
4.1. China Construction Chemical Market – An Overview
4.1.1. China Construction Chemical Market – by Product (Silicone & Styrene Polymer)
4.1.2. China Construction Chemical Price – by Product (Epoxy Resin)
4.1.3. China Construction Chemical Market Revenue – Past & Present Performance
4.2. India Construction Chemical Market- An Overview
4.2.1. India Construction Chemical Price – by Product (Styrene Polymer & Epoxy Resin)
4.2.2. India Construction Chemical Market Revenue – Past & Present Performance
4.2.3. India Construction Chemical Market - by Product Type
4.3. Australia Construction Chemical Market - An Overview
4.3.1. Australia Construction Chemical Trade Price – by Product (Ferro Silicon)
4.3.2. Australia Construction Chemical Market- by Product Type
4.3.3. Australia Construction Chemical Market- by End User
4.3.4. Australia Construction Chemical Market Revenue – Past & Present Performance
4.4. Japan Construction Chemical Market- An Overview
4.4.1. Japan Construction Chemical Trade Price – by product (Polystyrene)
4.4.2. Japan Construction Chemical Trade Price – by Product (Epoxide Resin)
4.4.3. Japan Construction Chemical Market Revenue – Past & Present Performance
5. Asia Pacific Chemical Market – Future Outlook
5.1. Asia Pacific Construction Chemical Market- Future Outlook
5.2. Factors to Drive Future Growth of the Asia Pacific Construction Chemical Market
6. Analyst Recommendations
7. Limitations of the Study
List of Figures & Tables
Market Share of Asia-Pacific in Global Construction Chemical Market (%), 2022
Market Share of Asia-Pacific in Global Construction Chemical Market (%), 2022
Asia Pacific Construction Chemical Market Segmentation by Product (%), 2022
Asia Pacific Construction Chemical Market Segmentation by End User (%), 2021
Asia Pacific Construction Chemical Market Segmentation by Geography (%), 2022
China Styrene Polymer Demand, 2018-2022
Epoxy Resin M-o-M Price in China, Jan/22-Mar/23
China Construction Chemical Market Revenue, 2018-2022
Styrene Polymer M-o-M price in India, Feb/22-Dec/22
Epoxy Resin M-o-M Price in India, Jan/22-Mar/23
India Construction Chemical Market Revenue, 2018-2022
India Construction Chemical Market Segmentation by Product (%), 2021
Ferro Silicon M-o-M Import Price in Australia, Apr/22-Apr/23
Ferro Silicon Export Price in Australia, 2017-2022
Australia Construction Chemical Market Segmentation by Product (%), 2022
Australia Construction Chemical Market Segmentation by End User (%), 2021
Australia Construction Chemical Market Revenue, 2018-2022
Polystyrene Export Price in Japan , 2017-2022
Polystyrene Import Price in Japan, 2017-2022
Epoxide Resin Import Price in Japan, 2017-2022
Epoxide Export Price in Japan, 2017-2022
Japan Construction Chemical Market Revenue, 2018-2022
Real GDP Growth in ASEAN, China & India, (%), 2023-2024F
Asia Pacific Construction Chemical Market Revenue Forecast, 2023-2028
Asia Population Forecast, 2023-2028F
Asia Urban Share in Total Population, 2020 & 2024F