Australia Construction Chemicals Industry Outlook to 2027 Impact of COVID 19

Overview

Executive Summary

Australia construction sector is witnessing a challenging period as demand for the residential sector fell during 2018 & 2019 and further in 2020 due to the virus outbreak sector continued to struggle. Apartment construction and house building were the most underperforming markets.

Australia construction sector is witnessing a challenging period as demand for the residential sector fell during 2018 & 2019 and further in 2020 due to the virus outbreak sector continued to struggle. Apartment construction and house building were the most underperforming markets. 

Market Performance
The construction chemical market in Australia grew from USD ~ million in 2015 to USD ~ million in 2019 with strong demand registered during 2016 & 2017 and moderate growth witnessed during 2018 & 2019. Rising demand for high rise projects has majorly contributed in the growth of concrete admixture, protective coatings/waterproofing, and roofing solutions. 

The specialty chemicals market enjoys a steady performance due to its vast product segmentation that is distributed in multiple industries such as industrial chemicals, pharmaceuticals chemicals, construction chemicals, bio-based, electronic chemicals, textile chemicals, agrochemicals and more. 

In June 2020, with the aim to stimulate demand for new house construction or major home renovations, Federal Government launched the HomeBuilder scheme, which claims to provide USD 25,000 for eligible applications. 

High rise buildings/skyscraper demand is taking up pace in Australia. There are a record-high number of apartments under construction in New South Wales, Victoria, and Queensland, underscoring the magnitude of the current high-rise construction boom.

Opportunities in Australia Construction Chemical Sector

• Development of healthcare infrastructure
• Development of rail infrastructure
• Investments in Education infrastructure
• Intensifying demand for home refurbishing 

Scope of the Study
The synopsis presented has been derived from the report titled “Australia Construction Chemicals Industry Outlook to 2027 Impact of COVID-19” published by Makreo Research and Consulting Firm. The report provides a holistic perspective of past, present and future market performance.

The report provides a comprehensive analysis on various parameters including performance of infrastructure market, residential & non-residential construction industry performance, pre-covid assessment and present market scenario. The report also decodes market by products, market by end-user, analyzes future market performance and assess players performance during the review period. 

Key Players Covered
The key players covered in this report are:

• Sika AG
• Bostik, Arkema
• H.B Fuller
• BASF
• Ardex
• Mapei

Key Questions Answered

• How Australia Construction Chemical industry is shaping up and what are the investment opportunities?
• What is the market response amid COVID-19 and measures to deal with it? 
• The report assesses major players operating in the market, business developments and financial performance. 
• What are the opportunities present in the market and how recent trends impacting the present as well as the future market performance?
• What are the measures taken up by the government to deal with the recession in the construction sector and further weakening demand due to COVID-19?