Asia-Pacific and Middle-East & Africa Construction Chemicals Market by Type (Concrete Admixture, Waterproofing & Roofing, Repair, Flooring, Adhesive & Sealants, and Others); By Application (Residential, Industrial, Infrastructure, Repair Structure, and Others); By Region (Asia and Middle-East & Africa) - Analysis of Market Size, Share & Trends for 2016-19 and Forecasts to 2030
Construction chemical products are chemical additives that are used to bind the construction material along with cement, concrete, and other building supplies at the time of construction. Construction chemical products are now an essential part of the chemical industry which plays a vital role in the overall infrastructural development.
The Asia-Pacific and the Middle East & Africa Construction Chemicals Market is anticipated to reach USD 27,877.76 Million in 2030 from USD 16,006.73 Million in 2019 growing at a CAGR of 8.43% over the forecast period. Owing to the increase in construction activities in developing countries such as China, India, Africa, UAE, Saudi Arabia, and the Gulf Cooperation Council, the demand in construction chemicals is forecasted to expand considerably during the projected timeframe.
Asia-Pacific and Middle East & Africa Construction Chemicals Market: Segments
Cost-effectiveness of concrete admixture segment
The construction chemicals on the basis of type are segmented into concrete admixture, waterproofing & roofing, repair, flooring, adhesive & sealants, and others. The concrete admixture dominated the Asia & Middle-East &Africa construction chemicals industry in 2019. This is due to the positive features rendered by concrete admixtures such as lower total construction costs for concrete, improved concrete characteristics, better efficiency and easy steering of concrete during construction, leading to shorter duration of application and better strength of the concrete.
Asia-Pacific and Middle East & Africa Construction Chemicals Market: Market Dynamics
Drivers: Increasing Residential & Commercial Activities
Government policies to support infrastructure development, rapid industrialization, increase in foreign direct investment, migration and increasing proclivity for usage of Ready to Mix Concrete (RMC) are some of the major factors driving growth in the construction chemicals market in India.
Restraints: Inadequate Skilled Labor
There is a shortage of skilled workers and technicians, particularly in project management, in emerging economies, even though there is a large population, which in turn results in adverse conditions for the expansion of the construction, infrastructure and the commercial property sectors.
Asia-Pacific and Middle East & Africa Construction Chemicals Market: Regions
The Asia-Pacific and Middle East & Africa Construction Chemicals Market is segmented on the basis of regional analysis into 2 major regions. These include Asia and Middle-East & Africa. Geographically, Asia captured the largest share of the Asia-Pacific and Middle East & Africa Construction Chemicals market in India in 2019. Furthermore, India is expected to be growing at highest CAGR during the forecast period. Increasing demand for construction activities, rising population, rapid industrialization and migration are some of the prominent factors increasing the demand for construction chemicals in Asia.
The Asia-Pacific and Middle East & Africa Construction Chemicals Market is further segmented by region into:
? Asia-Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR
? Middle-East & Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR
• Arkema S.A.
Key Product Offerings
Key Performance Indicators
• Ashland Inc.
• SIKA AG
• BASF SE
• Dow Du Pont Inc.
• Fosroc International Inc.
• Pidilite Industries Limited
• RPM International Inc.
• MAPEI S.P.A.
• W.R. Grace and Co.
The Asia-Pacific and Middle East & Africa Construction Chemicals Market Report also contains an analysis on:
? Asia-Pacific And Middle East & Africa Construction Chemicals Market by segment:
• By Type
Waterproofing & Roofing
Adhesive & Sealants
• By Application
• By Region
Middle-East & Africa
? Asia-Pacific And Middle East & Africa Construction Chemicals Market Size
? Asia-Pacific And Middle East & Africa Construction Chemicals Market Dynamics
? Supply and Demand
? Current Issues/trends/challenges
? Competition and Companies Involved in the Market
? Value Chain of the Market
? Market Drivers and Restraints