Market Size of Southeast Asia Construction Chemicals Industry
| 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
*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.
