Asia Pacific and Middle East and Africa Construction Chemicals Market: By Type: Concrete Admixture, Waterproofing & Roofing, Repair, Flooring, Adhesive & Sealant; By Application: Residential, Industrial, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Asia Pacific and Middle East and Africa Construction Chemicals Market Outlook

The Asia Pacific and Middle East and Africa construction chemicals market size was valued at USD 16,105.5 million in 2020. It is predicted to reach USD 28,004.7 million by 2026, growing at a CAGR of 9.66% in the forecast period of 2021-2026.

The demand for construction chemicals is estimated to grow significantly over the forecast period due to the rise in construction activities in the emerging economies.

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Properties and Applications

Construction chemicals are chemical additives used to bind the building material together with cement, concrete, or other building materials at the time of building. The construction chemicals market can be divided based on segments like type and application.

The industry can be broadly categorised based on type into:

• Concrete Admixture
• Waterproofing and Roofing
• Repair
• Flooring
• Adhesive and Sealant
• Others

The industry can be divided based on application as:

• Residential 
• Industrial
• Infrastructure
• Repair Structures
• Others

The EMR report looks into the Asia Pacific and Middle East and Africa construction chemicals markets like China, India, Japan, Africa, UAE, and Saudi Arabia.

Market Analysis

The increasing investments in the private and public sectors further expand the trajectory of building chemical production. The industry is highly diverse; thus, as a key strategy to improve their size, manufacturing performance, and market penetration, key players have embraced mergers and acquisitions. One of the recently observed trends in the construction chemical market for the Asia Pacific and Middle East and Africa involves growing awareness of concrete admixtures based on polyurethane in response to the associated high-value benefits.

Due to high consumer recognition and lower price tolerance, increased awareness of energy conservation buildings and green infrastructure drives the adoption of construction chemicals in developed economies relative to underdeveloped economies. This also acts as a lucrative opportunity for the players in the Asia Pacific and Middle East and Africa construction chemicals industry to expand their market size. The rising construction activities in segments such as residential, retail, repair, and manufacturing is also fuelling the adoption of construction chemicals. The fast growth in the number of industries is important for economic growth in emerging economies. In the African market, the mining industry has grown rapidly, while many foreign countries invest in the industrial sector in Asia. This increase in industrialization fuels the demands for construction activities, which in turn stimulates the development of the market for construction chemicals. Industrialisation in this area is also expected to reinforce the growth of the Asia and Middle East and Africa construction chemicals market during the forecast period.

Competitive Landscape

The report presents a detailed analysis of the following key players in the Asia Pacific and Middle East and Africa construction chemicals market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• SIKA AG 
• W. R. GRACE and CO.
• Rpm International Inc. (NYSE: RPM)
• Evonik Industries AG 
• Pidilite Industries Limited 
• MAPEI S.p.A.
• Fosroc, Inc.
• Ashland Global Specialty Chemicals Inc. 
• Others 

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces.

Key Questions Answered in the Market Report

• How has the Asia Pacific and Middle East and Africa construction chemicals market performed in the previous years (2016-2020)?
• What is the forecast assessment of the market for 2021-2026?
• What are the major drivers of the historical (2016-2020) and forecast (2021-2026) periods?
• What are the major constraints of the historical (2016-2020) and forecast (2021-2026) periods?
• What are the major demand indicators of the Asia Pacific and Middle East and Africa market?
• What are the major price indicators of the Asia Pacific and Middle East and Africa market?
• Who are the key manufacturers in the Asia Pacific and Middle East and Africa construction chemicals industry?
• What is the degree of competition in the regional market?
• What are the major events and developments taking place within the regional industry?

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.