The APAC construction chemicals market is projected to reach $29,686.2 million by 2023, the market growth in the region is driven by the growing urbanization and increasing demand for aesthetically appealing residential and other infrastructure.
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On the basis of type, the APAC construction chemicals market is categorized into concrete admixtures, adhesives, sealants, protective coatings, asphalt modifiers, and others. Others include flooring chemicals and flame retardants.
India is expected to be the fastest growing construction chemicals market during the forecast period. The country is experiencing a rapid industrialization and urbanization, which is a major factor contributing towards the country’s growth.
Over the past few years, countries such as China, India, and Indonesia have emerged as one of the major markets for construction materials. The rapid industrialization and commercialization in these countries have been characterized by the development of new commercial towers, manufacturing facilities, and new infrastructure projects, which have resulted in sharp increase in the consumption of construction materials.
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Some of the major players operating in the APAC construction chemicals market are BASF SE, Sika AG, SOPREMA Group, asia mortar, Dayton Superior Corporation, Dahsin Waterproofing Co. Ltd., Bostik SA, Saint-Gobain S.A., SKK (S) Pte. Ltd., DowDuPont Inc., and H.B. Fuller Company.
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