Market Size of indonesia construction chemicals Industry
| Icons | Lable | Value |
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Study Period | 2018 - 2030 |
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Market Size (2024) | USD 0.91 Billion |
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Market Size (2030) | USD 1.38 Billion |
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Largest Share by End Use Sector | Industrial and Institutional |
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CAGR (2024 - 2030) | 7.18 % |
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Fastest Growing by End Use Sector | Commercial |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Indonesia Construction Chemicals Market Analysis
The Indonesia Construction Chemicals Market size is estimated at 0.91 billion USD in 2024, and is expected to reach 1.38 billion USD by 2030, growing at a CAGR of 7.18% during the forecast period (2024-2030).
0.91 Billion
Market Size in 2024 (USD)
1.38 Billion
Market Size in 2030 (USD)
3.99 %
CAGR (2018-2023)
7.18 %
CAGR (2024-2030)
Largest Market by Product
32.41 %
value share, Waterproofing Solutions, 2023
Waterproofing solutions hold the largest share due to widespread applications of waterproofing, such as roofings, walls, basements, water tank linings, bridge decks, etc., from the industrial and commercial sectors.
Fastest Market by Product
7.77 %
Projected CAGR, Surface Treatment Chemicals, 2024-2030
Ease of application, low VOC content, and low-cost alternatives to concrete admixtures make them an ideal choice to protect concrete surfaces, and the surface treatment chemical segment is likely to witness the fastest growth.
Largest Market by End Use Sector
37.77 %
value share, Industrial and Institutional, 2023
Due to increased awareness of the safety, efficiency, and longevity of building structures in the industrial and institutional sectors, the demand for various construction chemicals, such as waterproofing solutions, admixture, etc., made the segment the largest among all.
Fastest Market by End Use Sector
7.54 %
Projected CAGR, Commercial, 2024-2030
Rising real estate volume and urbanization, along with increasing foreign investments are likely to support the growth of the Indonesian commercial sector in the coming years.
Leading Company
12.16 %
market share, Sika AG, 2022
The company's broad range of high-quality products, well-established network in the country, robust supply chain, and strategic expansions and acquisitions in the construction industry make it a major player in the market.
The rise in retail space in the commercial sector is likely to boost the demand for construction chemicals
- The construction chemicals market in Indonesia witnessed a growth of 2.42% by value in 2022 compared to the previous year due to increasing demand from the commercial, industrial, and institutional construction sectors. In 2023, the country’s construction chemicals are estimated to account for around 2.32% of the Asia-Pacific construction chemicals market.
- In 2022, the industrial and institutional construction sector emerged as Indonesia's largest consumer of construction chemicals, representing approximately 37.8% of the market's value. The new floor area for industrial and institutional buildings is set to surge from 420 million sq. ft in 2023 to an estimated 633 million sq. ft in 2030. This growth is primarily driven by heightened investments in the industrial and healthcare segments, coupled with the nation's ongoing urbanization and industrialization trends. As a result, Indonesian construction chemicals in the sector are projected to increase by USD 210 million in 2030 compared to 2023.
- Notably, the residential sector is poised to become the fastest-growing consumer of construction chemicals, with a robust CAGR of 7.56% during the forecast period. The country's expanding economy has spurred a surge in demand for commercial properties, including offices, hotels, and retail malls, to cater to enterprise needs. Construction activity continues to rise in line with expanding infrastructure demand and commercial building investments during the forecast period. By 2025, the office space in Jakarta, Indonesia, is projected to reach around 7 thousand sq. m. As a result, the country’s construction chemicals for the sector are projected to reach USD 321 million in 2030 from USD 223 million in 2025.
Understand The Key Trends Shaping This Market
