Southeast Asia Construction Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Southeast Asia Construction Chemicals Market Major Companies and is segmented by Product Type (Adhesives, Concrete and Cement Admixtures, Flame Retardants, Protective Coatings, Water Proofing Chemicals, and Other Product Types), Application (Commercial, Industrial, Infrastructure, and Residential), and Geography (Malaysia, Indonesia, Thailand, Singapore, Philippines, Vietnam, and Rest of Southeast Asia)

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Southeast Asia Construction Chemicals Market Size

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Market Summary - South-East Asia Construction Chemicals Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 6.00 %
Market Concentration Low

Major Players

Southeast Asia Construction Chemicals Market

*Disclaimer: Major Players sorted in no particular order
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Southeast Asia Construction Chemicals Market Analysis

The Southeast Asian construction chemicals market is likely to witness a healthy growth, at an estimated CAGR of over 6%, over the forecast period. The construction industry is reflecting huge demand in Southeast Asia, owing to more spending on infrastructure and population growth. The middle-class segment has grown and is expected to grow further during the forecast period. The growth has boosted lifestyle trends and new housing and construction activities in the country. 

  • Several government regulations are expected to hamper the construction chemicals market in the Southeast Asia region, during the forecast period.  The manufacturers of construction chemicals in the region are gradually realizing the importance of globally harmonized system of classification and labeling of chemicals (GHS) regulations.
  • By product type, the concrete admixture segment is expected to dominate the market studied, with the highest CAGR of over 7% during the forecast period.

Southeast Asia Construction Chemicals Market Trends

This section covers the major market trends shaping the South East Asia Construction Chemicals Market according to our research experts:

Residential Sector - A Huge Market Potential

  • The residential segment primarily includes elite housing, middle-class housing, and low-cost housing.
  • The elite class is synonymous to luxury, and housing is no exception. The demand for apartments, penthouses, villas, and bungalows in gated communities, with world-class designs and amenities, is expanding rapidly. The developers are launching projects to cater to such demands.
  • The rising middle-class population, coupled with increasing disposable incomes, has facilitated expansion in the middle-class housing segment, thereby increasing the use of construction chemicals in the segment, during the forecast period.
  • The low-cost housing segment is rising at a steady rate, primarily owing to the various government initiatives to provide affordable housing to the urban and rural poor.
  • Indonesia is one of the largest and fastest-growing markets. The Indonesian government has also started a program to build around 1 million housing units across Indonesia, for which the government has already set aside around USD 1 billion from the budget.
  • All the aforementioned factors, in turn, are expected to increase the demand for the construction chemicals market in the region.
Southeast Asia Construction Chemicals Market - Segmentation

Indonesia to Dominate the Market

  • Indonesia, one of the largest economies in Southeast Asia, is witnessing considerable growth, owing to the rise in income levels of the people, as well as urbanization.
  • The construction sector in Indonesia is witnessing huge demand, owing to more spending on infrastructure and population growth.
  • The middle-class segment has witnessed growth, and is expected to grow further, during the forecast period. The growth has boosted lifestyle trends, and new housing and construction activities in the country.
  • Increasing repair and renovation activities in the country is another factor boosting the demand for construction chemicals. For instance, the Ministry of Public Works and Public Housing is carrying out repair activities on Cengkareng B Flyover, in Jakarta.
  • The investments are expected to add value to the market for various construction chemicals, including adhesives and sealants, protective coatings, cement, etc., during the forecast period.
Southeast Asia Construction Chemicals Market - Regional Trends

Southeast Asia Construction Chemicals Industry Overview

The Southeast Asian construction chemicals market is fragmented in nature. Major players in the market include Sika AG, BASF SE, Arkema Group, Dow, and Fosroc Inc., among others.

Southeast Asia Construction Chemicals Market Leaders

  1. Sika AG

  2. BASF SE

  3. Fosroc Inc.

  4. Arkema Group

  5. Dow

*Disclaimer: Major Players sorted in no particular order

Market Concentration- Southeast Asia Construction Chemicals Market.png
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Southeast Asia Construction Chemicals Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increased Adoption of Innovative Construction Procedures

      2. 4.1.2 Rising Demand for Water-based Products

      3. 4.1.3 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Regulations for VOC Emission

      2. 4.2.2 Impact of COVID-19 Pandemic

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Adhesives

      2. 5.1.2 Concrete and Cement Admixtures

      3. 5.1.3 Flame Retardants

      4. 5.1.4 Protective Coatings

      5. 5.1.5 Water Proofing Chemicals

      6. 5.1.6 Other Construction Chemicals

    2. 5.2 Application

      1. 5.2.1 Commercial

      2. 5.2.2 Industrial

      3. 5.2.3 Infrastructure

      4. 5.2.4 Residential

    3. 5.3 Geography

      1. 5.3.1 Malaysia

      2. 5.3.2 Indonesia

      3. 5.3.3 Thailand

      4. 5.3.4 Singapore

      5. 5.3.5 Philippines

      6. 5.3.6 Vietnam

      7. 5.3.7 Rest of Southeast Asia

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Akzo Nobel N.V.

      3. 6.4.3 Arkema Group

      4. 6.4.4 Ashland

      5. 6.4.5 BASF SE

      6. 6.4.6 Dow

      7. 6.4.7 Fosroc Inc.

      8. 6.4.8 H.B. Fuller Company

      9. 6.4.9 Henkel AG & Co. KGaA

      10. 6.4.10 LafargeHolcim

      11. 6.4.11 Mapei SpA

      12. 6.4.12 Pidilite Industries Limited

      13. 6.4.13 RPM International Inc.

      14. 6.4.14 Sika AG

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Southeast Asia Construction Chemicals Industry Segmentation

The Southeast Asian construction chemicals market report includes:

Product Type
Adhesives
Concrete and Cement Admixtures
Flame Retardants
Protective Coatings
Water Proofing Chemicals
Other Construction Chemicals
Application
Commercial
Industrial
Infrastructure
Residential
Geography
Malaysia
Indonesia
Thailand
Singapore
Philippines
Vietnam
Rest of Southeast Asia
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Southeast Asia Construction Chemicals Market Research FAQs

The Southeast Asia Construction Chemicals Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

Sika AG, BASF SE, Fosroc Inc., Arkema Group and Dow are the major companies operating in the Southeast Asia Construction Chemicals Market.

The report covers the Southeast Asia Construction Chemicals Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Southeast Asia Construction Chemicals Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Southeast Asia Construction Chemicals Industry Report

Statistics for the 2024 Southeast Asia Construction Chemicals market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Southeast Asia Construction Chemicals analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Southeast Asia Construction Chemicals Market Report Snapshots

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Southeast Asia Construction Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)