Construction Chemicals Market in Southeast Asia by Application and Geography - Forecast and Analysis 2022-2026

Published: Feb 2022

Pages: 120

SKU: IRTNTR72508

Snapshot

The construction chemicals marketshare in Southeast Asia is expected to increase to USD 1.39 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.17%.

The report extensively covers the construction chemicals market in Southeast Asia segmentation by the following:

Application - Non-residential and residential
Geography - Indonesia, Malaysia, Singapore, Thailand, and the Rest of South-East Asia

The construction chemicals market in Southeast Asia report offers information on several market vendors, including ACC Ltd., Arkema SA, BASF SE, Croda International Plc, Dow Inc., Evonik Industries AG, Fosroc International Ltd., Pidilite Industries Ltd., RPM International Inc., and Sika AG among others.

This construction chemicals market in Southeast Asia research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.

What will the Construction Chemicals Market Size in Southeast Asia be During the Forecast Period?

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Construction Chemicals Market in Southeast Asia: Key Drivers, Trends, and Challenges

The increasing demand for concrete admixtures is notably driving the construction chemicals market growth in Southeast Asia, although factors such as volatility in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the construction chemicals industry in Southeast Asia. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Construction Chemicals Market Driver in Southeast Asia

One of the key factors driving the Southeast Asia construction chemicals market growth is the increasing demand for concrete admixtures to ensure better quality during the mixing, transporting, placing, and curing processes. The increasing construction activities in countries such as Malaysia, Indonesia, and the Philippines are driving the demand for concrete admixtures. Thus, manufacturers are focusing on capitalizing on this demand by launching new products and expanding their product offerings. For instance, in May 2021, Saint-Gobain inaugurated a new plant in the State of Johor, Malaysia, to provide advanced solutions for the construction market in Singapore and Malaysia. This will enable the company to provide a broad range of waterproofing and construction chemical solutions for the construction industry in both countries. Such factors will boost the growth of the construction chemicals market in Southeast Asia during the forecast period.

Key Construction Chemicals Market Trend in Southeast Asia

One of the key Southeast Asia construction chemicals market trends fueling the market growth is the rising support for eco-friendly and energy-efficient products. Water-based reactive formulations are being encouraged over solvent-based formulations to support and meet the regulations on VOC emissions. Polyurethane- and silicone-based adhesives and sealants and hotmelt products are also expected to witness higher demand due to their better performance. In addition, hotmelt products do not emit volatile organic chemicals (VOCs) and do not pose any other harmful effects on the environment; therefore, their use is being encouraged by various vendors. Companies involved in the production of construction chemicals are also launching eco-friendly products to enhance their product portfolios. Such factors are expected to positively impact the market growth in Southeast Asia during the forecast period.

Key Construction Chemicals Market Challenge in Southeast Asia

One of the key challenges to the Southeast Asia construction chemicals market growth is the volatility in raw material prices. The prices of raw materials, such as polymers, cellulosic, adhesion promoters, titanium dioxide, epoxy resins, and related solvents, have witnessed frequent price fluctuations in recent years. For instance, the price of titanium dioxide (TiO2), which is one of the key raw materials used in construction additives, increased by around 25% in December 2020. Such high costs lead to a reduction in profit margins for vendors. For instance, in June 2021, OQ Chemicals, a global manufacturer of chemicals, which has a presence in Singapore, announced it would increase the price of its n-Propyl Acetate, stating the reason as supply-demand issues, which had adversely impacted product costs and operations. Thus, the rising cost and supply and demand gap of raw materials are expected to challenge the market growth in the coming years.

This construction chemicals market in Southeast Asia analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the construction chemicals market in Southeast Asia as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the construction chemicals market in Southeast Asia during the forecast period.

Who are the Major Construction Chemicals Market Vendors in Southeast Asia?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the construction chemicals market in Southeast Asia encompasses successful business strategies deployed by the key vendors. The construction chemicals market in Southeast Asia is fragmented and the vendors are deploying growth strategies such as technological innovations and product developments to compete in the market.

Product Insights and News

ACC Ltd. - The company offers a wide range of construction chemicals such as ACC leak block, HPC long life, and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The construction chemicals market in Southeast Asia forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Construction Chemicals Market in Southeast Asia Value Chain Analysis

Our report provides extensive information on the value chain analysis for the construction chemicals market in Southeast Asia, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global commodity chemicals market includes the following core components:

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Construction Chemicals Market in Southeast Asia?

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39% of the market's growth will originate from the Rest of Southeast Asia during the forecast period. Malaysia, Singapore, and Thailand are the other key markets for construction chemicals in Southeast Asia. Market growth in the Rest of Southeast Asia will be faster than the growth of the market in Malaysia and Singapore.

Indonesia is another key market for construction chemicals in Southeast Asia. The favorable government policies, availability of low-cost resources and a skilled workforce, and low operating and labor costs in the country will facilitate the construction chemicals market in Indonesia over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 had a negative impact on the growth of the construction chemicals market in Indonesia in 2020. Indonesia implemented a nationwide lockdown during the first half of 2020 due to the COVID-19 pandemic. The lockdowns and stringent social distancing and isolation norms affected all manufacturing industries across the country, as they had to shut down their production units temporarily. However, the operations in manufacturing sites are expected to resume during the forecast period, and Indonesia is expected to be the fastest-growing country in Southeast Asia by 2025.

What are the Revenue-generating Application Segments in the Construction Chemicals Market in Southeast Asia?

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The construction chemicals market share growth in Southeast Asia by the non-residential segment will be significant during the forecast period. Rising globalization and growth in economic activities have resulted in the opening of numerous corporate offices, leading to an increase in commercial office spaces across this region. Thus, an increase in the construction of non-residential spaces is expected to drive the demand for construction chemicals in Southeast Asia.

This report provides an accurate prediction of the contribution of all the segments to the growth of the construction chemicals market size in Southeast Asia and actionable market insights on post COVID-19 impact on each segment.

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Construction Chemicals Market Scope in Southeast Asia
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.17%
Market growth 2022-2026	$ 1.39 billion
Market structure	Fragmented
YoY growth (%)	5.56
Regional analysis	Southeast Asia
Performing market contribution	Rest of Southeast Asia at 39%
Key consumer countries	Indonesia, Malaysia, Singapore, Thailand, and Rest of South-East Asia
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	ACC Ltd., Arkema SA, BASF SE, Croda International Plc, Dow Inc., Evonik Industries AG, Fosroc International Ltd., Pidilite Industries Ltd., RPM International Inc., and Sika AG
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Construction Chemicals Market in Southeast Asia Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive construction chemicals market growth in Southeast Asia during the next five years
Precise estimation of the construction chemicals market size in Southeast Asia and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the construction chemicals industry in Southeast Asia
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of construction chemicals marketvendors in Southeast Asia

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

***1. Executive Summary

**1.1 Market Overview

*Exhibit 01: Key Finding 1

*Exhibit 02: Key finding 2

*Exhibit 03: Key finding 3

*Exhibit 04: Key finding 5

*Exhibit 05: Key finding 6

*Exhibit 06: Key Finding 7

***2. Market Landscape

**2.1 Market ecosystem

*Exhibit 07: Parent market

*Exhibit 08: Market characteristics

**2.2 Value chain analysis

*Exhibit 09: Value chain analysis: Automotive components and accessories

*2.2.1 Inputs

*2.2.2 Inbound logistics

*2.2.3 Operations

*2.2.4 Outbound logistics

*2.2.5 Marketing and sales

*2.2.6 Support activities

*2.2.7 Innovations

***3. Market Sizing

**3.1 Market definition

*Exhibit 10: Offerings of vendors included in the market definition

**3.2 Market segment analysis

*Exhibit 11: Market segments

**3.3 Market size 2021

**3.4 Market outlook: Forecast for 2021 - 2026

*3.4.1 Estimating growth rates for emerging and high-growth markets

*3.4.2 Estimating growth rates for mature markets

*Exhibit 12: Global - Market size and forecast 2021 - 2026 ($ million)

*Exhibit 13: Global market: Year-over-year growth 2021 - 2026 (%)

***4. Five Forces Analysis

**4.1 Five Forces Summary

*Exhibit 14: Five forces analysis 2021 and 2026

**4.2 Bargaining power of buyers

*Exhibit 15: Bargaining power of buyers

**4.3 Bargaining power of suppliers

*Exhibit 16: Bargaining power of suppliers

**4.4 Threat of new entrants

*Exhibit 17: Threat of new entrants

**4.5 Threat of substitutes

*Exhibit 18: Threat of substitutes

**4.6 Threat of rivalry

*Exhibit 19: Threat of rivalry

**4.7 Market condition

*Exhibit 20: Market condition - Five forces 2021

***5. Market Segmentation by Application

**5.1 Market segments

*The segments covered in this chapter are:

*Non-residential
*Residential

*Exhibit 21: Application - Market share 2021-2026 (%)

*Exhibit 22: Application - Market share 2021-2026 (%)

**5.2 Comparison by Application

*Exhibit 23: Comparison by Application

*Exhibit 24: Comparison by Application

**5.3 Non-residential - Market size and forecast 2021-2026

*Exhibit 25: Non-residential - Market size and forecast 2021-2026 ($ million)

*Exhibit 26: Non-residential - Year-over-year growth 2021-2026 (%)

**5.4 Residential - Market size and forecast 2021-2026

*Exhibit 27: Residential - Market size and forecast 2021-2026 ($ million)

*Exhibit 28: Residential - Year-over-year growth 2021-2026 (%)

**5.5 Market opportunity by Application

*Exhibit 29: Market opportunity by Application

***6. Customer landscape

*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

**6.1 Overview

*Exhibit 30: Customer landscape

***7. Geographic Landscape

**7.1 Geographic segmentation

*The regions covered in the report are:

*Indonesia
*Malaysia
*Singapore
*Thailand
*Rest of South-East Asia

**7.2 Geographic comparison

**7.3 Indonesia - Market size and forecast 2021-2026

*Exhibit 31: Indonesia - Market size and forecast 2021-2026 ($ million)

*Exhibit 32: Indonesia - Year-over-year growth 2021-2026 (%)

**7.4 Malaysia - Market size and forecast 2021-2026

*Exhibit 33: Malaysia - Market size and forecast 2021-2026 ($ million)

*Exhibit 34: Malaysia - Year-over-year growth 2021-2026 (%)

**7.5 Singapore - Market size and forecast 2021-2026

*Exhibit 35: Singapore - Market size and forecast 2021-2026 ($ million)

*Exhibit 36: Singapore - Year-over-year growth 2021-2026 (%)

**7.6 Thailand - Market size and forecast 2021-2026

*Exhibit 37: Thailand - Market size and forecast 2021-2026 ($ million)

*Exhibit 38: Thailand - Year-over-year growth 2021-2026 (%)

**7.7 Rest of South-East Asia - Market size and forecast 2021-2026

*Exhibit 39: Rest of South-East Asia - Market size and forecast 2021-2026 ($ million)

*Exhibit 40: Rest of South-East Asia - Year-over-year growth 2021-2026 (%)

**7.8 Key leading countries

*Exhibit 41: Key leading countries

**7.9 Market opportunity by geography

*Exhibit 42: Market opportunity by geography ($ million)

***8. Drivers, Challenges, and Trends

**8.1 Market drivers

*8.1.1 Increasing demand for concrete admixtures

*8.1.2 Rise in residential and commercial construction activities

*8.1.3 Increasing environmental regulations

**8.2 Market challenges

*8.2.1 Volatility in raw material prices

*8.2.2 Low availability of manpower and rising labor costs

*8.2.3 Implications of strict regulations on building materials manufacturing

*Exhibit 43: Impact of drivers and challenges

**8.3 Market trends

*8.3.1 Rising support for eco-friendly and energy-efficient products

*8.3.2 Increasing essential safety protocols in industries and buildings

*8.3.3 Emerging application areas

***9. Vendor Landscape

**9.1 Overview

*Exhibit 44: Vendor landscape

**9.2 Landscape disruption

*Exhibit 45: Landscape disruption

*Exhibit 46: Industry risks

***10. Vendor Analysis

**10.1 Vendors covered

*Exhibit 47: Vendors covered

**10.2 Market positioning of vendors

*Exhibit 48: Market positioning of vendors

**10.3 ACC Ltd.

*Exhibit 49: ACC Ltd. - Overview

*Exhibit 50: ACC Ltd. - Business segments

*Exhibit 51: ACC Ltd. - Key offerings

*Exhibit 52: ACC Ltd. - Segment focus

**10.4 Arkema SA

*Exhibit 53: Arkema SA - Overview

*Exhibit 54: Arkema SA - Business segments

*Exhibit 55: Arkema SA - Key offerings

*Exhibit 56: Arkema SA - Segment focus

**10.5 BASF SE

*Exhibit 57: BASF SE - Overview

*Exhibit 58: BASF SE - Business segments

*Exhibit 59: BASF SE - Key offerings

*Exhibit 60: BASF SE - Segment focus

**10.6 Croda International Plc

*Exhibit 61: Croda International Plc - Overview

*Exhibit 62: Croda International Plc - Business segments

*Exhibit 63: Croda International Plc - Key offerings

*Exhibit 64: Croda International Plc - Segment focus

**10.7 Dow Inc.

*Exhibit 65: Dow Inc. - Overview

*Exhibit 66: Dow Inc. - Business segments

*Exhibit 67: Dow Inc. - Key offerings

*Exhibit 68: Dow Inc. - Segment focus

**10.8 Evonik Industries AG

*Exhibit 69: Evonik Industries AG - Overview

*Exhibit 70: Evonik Industries AG - Business segments

*Exhibit 71: Evonik Industries AG - Key offerings

*Exhibit 72: Evonik Industries AG - Segment focus

**10.9 Fosroc International Ltd.

*Exhibit 73: Fosroc International Ltd. - Overview

*Exhibit 74: Fosroc International Ltd. - Product and service

*Exhibit 75: Fosroc International Ltd. - Key offerings

**10.10 Pidilite Industries Ltd.

*Exhibit 76: Pidilite Industries Ltd. - Overview

*Exhibit 77: Pidilite Industries Ltd. - Business segments

*Exhibit 78: Pidilite Industries Ltd. - Key offerings

*Exhibit 79: Pidilite Industries Ltd. - Segment focus

**10.11 RPM International Inc.

*Exhibit 80: RPM International Inc. - Overview

*Exhibit 81: RPM International Inc. - Business segments

*Exhibit 82: RPM International Inc. - Key offerings

*Exhibit 83: RPM International Inc. - Segment focus

**10.12 Sika AG

*Exhibit 84: Sika AG - Overview

*Exhibit 85: Sika AG - Product and service

*Exhibit 86: Sika AG - Key offerings

***11. Appendix

**11.1 Scope of the report

*11.1.1 Market definition

*11.1.2 Objectives

*11.1.3 Notes and caveats

**11.2 Currency conversion rates for US$

*Exhibit 87: Currency conversion rates for US$

**11.3 Research Methodology

*Exhibit 88: Research Methodology

*Exhibit 89: Validation techniques employed for market sizing

*Exhibit 90: Information sources

**11.4 List of abbreviations

*Exhibit 91: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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