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

  • Published: Feb 2022
  • Pages: 120
  • SKU: IRTNTR72508
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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?

Construction Chemicals Market Size

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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:

 

  • ACC Ltd.
  • Arkema SA
  • BASF SE
  • Croda International Plc
  • Dow Inc.
  • Evonik Industries AG
  • Fosroc International Ltd.
  • Pidilite Industries Ltd.
  • RPM International Inc.
  • Sika AG

 

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:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Support activities
  • Innovation

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?

Construction Chemicals Market Market segmentation by region

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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?

Construction Chemicals Market Segmentation

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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.

 

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

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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 

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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 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

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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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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Construction Chemicals market growth will increase by $1397.15 million during 2021-2026.
The construction chemicals market is expected to grow at a CAGR of 6.17% during 2021-2026.
Technavio has segmented the construction chemicals market by application (Non-residential and Residential) and geographic (Indonesia, Malaysia, Singapore, Thailand, and Rest of South-East Asia).
ACC Ltd., Arkema SA, BASF SE, Croda International Plc, Dow Inc., Evonik Industries AG, Fosroc International Ltd., Pidilite Industries Ltd., RPM International Inc., Sika AG are a few of the key vendors in the construction chemicals market.
Rest of South-East Asia will register the highest growth rate of 38.59% among the other regions. Therefore, the construction chemicals market in Rest of South-East Asia is expected to garner significant business opportunities for the vendors during the forecast period.
  • Indonesia
  • Malaysia
  • Singapore
  • Thailand
  • Rest of South-East Asia
The key factors driving the construction chemicals market growth are:
  • Increasing demand for concrete admixtures
The construction chemicals market vendors should focus on grabbing business opportunities from the non-residential segment as it accounted for the largest market share in the base year.
  • 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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