Asia-Pacific Cement Market Size
| Icons | Lable | Value |
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Study Period | 2018 - 2030 |
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Market Volume (2024) | 3.18 Billion Tons |
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Market Volume (2030) | 4.32 Billion Tons |
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Largest Share by End Use Sector | Infrastructure |
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CAGR (2024 - 2030) | 5.22 % |
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Largest Share by Country | China |
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Market Concentration | Medium |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Asia-Pacific Cement Market Analysis
The Asia-Pacific Cement Market size is estimated at 3.18 billion Tons in 2024, and is expected to reach 4.32 billion Tons by 2030, growing at a CAGR of 5.22% during the forecast period (2024-2030).
3.18 Billion
Market Size in 2024 (Tons)
4.32 Billion
Market Size in 2030 (Tons)
0.04 %
CAGR (2018-2023)
5.22 %
CAGR (2024-2030)
Largest Market by Product
70.55 %
volume share, Blended Cement, 2023
Due to the high demand for blended cement in various applications from residential, commercial, etc., and weather-resistance and durable properties, the segment has dominated the market.
Largest Market by End Use Sector
39.32 %
volume share, Infrastructure, 2023
Due to significant growth and escalating demand for infrastructure in developing economies coupled with increasing consumption of cement in major infrastructure projects, the infrastructure sector holds the largest share.
Largest Market by Country
69.23 %
volume share, China, 2023
With the continuous development of its provinces, followed by the construction of huge residential complexes, the demand for cement increased, making China the largest consumer in the region.
Fastest Market by Country
7.34 %
Projected CAGR, Vietnam, 2024-2030
Due to growth in the infrastructure sector, coupled with foreign companies' preference for China and one strategy likely to favor Vietnam, the country is likely to register the fastest growth.
Leading Company
20.15 %
market share, China National Building Material Group Corporation, 2022
In 2022, the company held the largest share, with its cement production capacity of around 530 million tons per year in the region. The company serves customers across various construction sectors.
Infrastructure spending in Asia-Pacific is expected to reach USD 1.74 trillion and is likely to drive the demand for cement
- In 2022, the cement consumption volume in the region saw a 6.37% decline from the previous year. This drop was primarily driven by reduced new floor area constructions in the commercial, residential, and industrial & institutional sectors. Notably, the industrial & institutional, and residential sectors saw a 5.63% and 5.39% decrease in new floor area, respectively, in 2022, compared to 2021. By 2023, Asia-Pacific accounted for approximately 72.53% of the global cement market.
- The infrastructure sector emerged as the region's largest cement consumer, representing about 39.48% in 2022. With increased investments in infrastructure projects, this sector's cement demand is expected to rise. For instance, India has set its sights on a USD 4.5 trillion infrastructure investment by 2030. Projections indicate that infrastructure spending in the region will hit USD 1.74 trillion by 2030, propelling the cement sector to a 16.03% growth from 2023 to 2030.
- The commercial sector is poised to be the region's fastest-growing cement consumer, with a projected CAGR of 6.48% during the forecast period. The region is poised to experience a significant uptick in demand for commercial spaces, including shopping malls and offices. In 2025, the region is projected to witness a notable surge, adding 178 million sq. ft of new commercial floor area, compared to the previous year. For example, Indonesia has six shopping mall projects slated for completion by 2025, adding up to a total of 292 thousand sq. meters. These trends indicate that the cement market for the commercial sector in the region is set to reach 523 million tons in 2030, up from around 336 million tons in 2022.
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Vietnam is the fastest-growing country, while China is expected to maintain its leading position in Asia-Pacific during the forecast period
- In 2022, the demand for cement in Asia-Pacific dropped by 6.4% compared to the previous year, primarily driven by an 11.3% decline in demand from China, which is the region's dominant player. Several countries in the region were expected to see a slight dip in demand in 2023, and the overall growth was projected to be negative, at -0.4%, compared to 2022.
- China, with its consistently high construction output, stands as the largest cement consumer in Asia-Pacific. Notably, in 2022, its infrastructure sector alone accounted for 79% of the region's total cement demand in that sector. However, China's cement demand is anticipated to decline during the forecast period (2023-2030) due to challenges in the real estate industry and a decrease in new infrastructure projects.
- Following China, India emerges as the second-largest consumer of cement in Asia-Pacific. The residential sector in India holds the major share of cement demand, representing 61% of the total demand across sectors in 2022. Unlike some of its regional counterparts, India predominantly relies on concrete for its buildings, driving up the demand for cement.
- Among the countries in the region, Vietnam is projected to witness the highest growth in the demand for cement, and it is expected to register a CAGR of 7.46% by volume during the forecast period. This surge in demand is likely to be attributed to new land policies that bolster real estate development and the government's ambitious plan to construct 1 million affordable housing units by 2030.
Asia-Pacific Cement Market Trends
Rising retail and office spaces in countries such as India to boost the Asia-Pacific commercial construction sector
- In 2022, Asia-Pacific witnessed a 3.23% decline in its commercial new floor area compared to the previous year. This setback was attributed to factors such as regulatory pressures, higher inflation, and a surge in mortgage rates. In 2023, the region rebounded, with commercial construction new floor area increasing by approximately 146 million sq. ft. This surge was primarily driven by a rise in foreign direct investment (FDI), which spurred the demand for new offices, warehouses, retail outlets, and other facilities. Notably, the Vietnamese construction sector attracted an FDI capital of USD 71.44 million in 2023.
- In 2020, the Asia-Pacific region experienced a significant setback in commercial new floor area, with a volume decline of 21.92% compared to 2019. This decline was primarily due to widespread government lockdowns, which disrupted project work and severely impacted supply chains, equipment, and labor. However, as restrictions eased, the region witnessed a remarkable rebound, with its commercial new floor area surging by 20.98% in 2021, reaching a volume of approximately 526 million sq. ft.
- Asia-Pacific's commercial new floor area is projected to witness substantial growth, with an estimated increase of 1.41 billion sq. ft by 2030 compared to 2023. This surge is fueled by a rising demand for shopping malls, office spaces, retail outlets, and more. The Asia-Pacific region is emerging as a global retail powerhouse, contributing to nearly three-quarters of the worldwide retail growth. For instance, the Indian Grade A office market in its top seven cities may to expand to 1 billion sq. ft by 2026 and further to 1.2 billion sq. ft. by 2030. Overall, the commercial new floor area in Asia-Pacific is projected to witness a volume CAGR of 5.16% during the forecast period.
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Rising affordable housing units, such as India’s likely to reach 25 million by 2030, to augment the residential constructions in the region
- In 2022, the residential new floor area in the Asia-Pacific region saw a volume decline of approximately 5.39% from the previous year. This dip was a result of the sector normalizing after a surge in building activity during the COVID-19 pandemic. The region's residential sector is driven by a growing population, increasing wealth, and rapid urbanization. The residential new floor area in the region was expected to rise by 410 million sq. ft in 2023 compared to 2022.
- In 2020, the residential new floor area in Asia-Pacific declined in volume by around 5.06% compared to 2019. This was primarily due to government-imposed lockdowns, disruptions in the supply chain, labor shortages, reduced construction productivity, and low foreign investments. However, as restrictions eased, the region saw a significant rebound, with the residential new floor area surging by about 1.4 billion sq. ft in 2021, driven by the addition of new residential housing units. For instance, in 2021 alone, the Indian residential real estate market introduced approximately 163 thousand new residential units across its top seven cities.
- The residential new floor area in the Asia-Pacific region is projected to witness a CAGR of 3.98% during the forecast period. This growth can be attributed to the demand for housing, increased investments, and favorable government policies. The focus on constructing more affordable housing units is expected to rejuvenate the residential construction sector in the region, aiding its recovery. By 2030, it is estimated that over 40% of India's population will reside in urban areas, leading to a demand for an additional 25 million affordable housing units. This surge in demand is expected to push the Indian residential real estate market to reach 1.5 million units by 2030.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Rise in warehousing space, such as India's around 500 million sq. ft increase by 2030, is likely to boost the demand for industrial & institutional constructions in the region
- Increasing infrastructure needs, which are likely to exceed USD 22.6 trillion by 2030, will augment the demand for the infrastructure sector
Asia-Pacific Cement Industry Overview
The Asia-Pacific Cement Market is moderately consolidated, with the top five companies occupying 50.04%. The major players in this market are Anhui Conch Cement Company Limited, BBMG Corporation, China National Building Material Group Corporation, China Resource Cement Holdings and UltraTech Cement Ltd. (sorted alphabetically).
Asia-Pacific Cement Market Leaders
Anhui Conch Cement Company Limited
BBMG Corporation
China National Building Material Group Corporation
China Resource Cement Holdings
UltraTech Cement Ltd.
Other important companies include Adani Group, SCG, SIG, TAIWAN CEMENT LTD., Vietnam National Cement Corporation.
*Disclaimer: Major Players sorted in alphabetical order.
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Asia-Pacific Cement Market News
- August 2023: The Adani Group's subsidiary, Ambuja Cements Ltd, announced the purchase of a 57% promoter stake in Indian cement manufacturer Sanghi Industries Ltd at an enterprise value of USD 606.5 million to expand its manufacturing capacity and market presence.
- June 2023: SIG's subsidiary PT Semen Baturaja Tbk announced to expand its cement production capacity to 3.8 million tons of cement per year through three factories in Palembang and Baturaja City, Ogan Komering Ulu (OKU) Regency, South Sumatra, Panjang, Bandar Lampung in Indonesia.
- January 2023: Semen Indonesia (SIG) acquired an 83.52% stake in Solusi Bangun Indonesia, which has a 14.8 Mt/yr of cement production capacity, strengthening its cement business in Indonesia.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on newly built floor area, infrastructural spending, and existing construction floor area across residential, commercial, industrial and institutional sectors.
Asia-Pacific Cement Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. End Use Sector Trends
2.1.1. Commercial
2.1.2. Industrial and Institutional
2.1.3. Infrastructure
2.1.4. Residential
2.2. Major Infrastructure Projects (current And Announced)
2.3. Regulatory Framework
2.4. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)
3.1. End Use Sector
3.1.1. Commercial
3.1.2. Industrial and Institutional
3.1.3. Infrastructure
3.1.4. Residential
3.2. Product
3.2.1. Blended Cement
3.2.2. Fiber Cement
3.2.3. Ordinary Portland Cement
3.2.4. White Cement
3.2.5. Other Types
3.3. Country
3.3.1. Australia
3.3.2. China
3.3.3. India
3.3.4. Indonesia
3.3.5. Japan
3.3.6. Malaysia
3.3.7. South Korea
3.3.8. Thailand
3.3.9. Vietnam
3.3.10. Rest of Asia-Pacific
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Adani Group
4.4.2. Anhui Conch Cement Company Limited
4.4.3. BBMG Corporation
4.4.4. China National Building Material Group Corporation
4.4.5. China Resource Cement Holdings
4.4.6. SCG
4.4.7. SIG
4.4.8. TAIWAN CEMENT LTD.
4.4.9. UltraTech Cement Ltd.
4.4.10. Vietnam National Cement Corporation
5. KEY STRATEGIC QUESTIONS FOR CONCRETE, MORTARS AND CONSTRUCTION CHEMICALS CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- FLOOR AREA OF NEW COMMERCIAL CONSTRUCTION, SQUARE FEET, ASIA-PACIFIC, 2018 - 2030
- Figure 2:
- FLOOR AREA OF NEW INDUSTRIAL AND INSTITUTIONAL CONSTRUCTION, SQUARE FEET, ASIA-PACIFIC, 2018 - 2030
- Figure 3:
- SPENDING ON INFRASTRUCTURE PROJECTS, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 4:
- FLOOR AREA OF NEW RESIDENTIAL CONSTRUCTION, SQUARE FEET, ASIA-PACIFIC, 2018 - 2030
- Figure 5:
- VOLUME OF CEMENT CONSUMED, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 6:
- VOLUME OF CEMENT CONSUMED BY END USE SECTOR, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 7:
- VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, ASIA-PACIFIC, 2018 VS 2023 VS 2030
- Figure 8:
- VOLUME OF CEMENT CONSUMED IN COMMERCIAL SECTOR, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 9:
- VOLUME SHARE OF CEMENT CONSUMED IN COMMERCIAL SECTOR, BY PRODUCT, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 10:
- VOLUME OF CEMENT CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 11:
- VOLUME SHARE OF CEMENT CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, BY PRODUCT, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 12:
- VOLUME OF CEMENT CONSUMED IN INFRASTRUCTURE SECTOR, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 13:
- VOLUME SHARE OF CEMENT CONSUMED IN INFRASTRUCTURE SECTOR, BY PRODUCT, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 14:
- VOLUME OF CEMENT CONSUMED IN RESIDENTIAL SECTOR, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 15:
- VOLUME SHARE OF CEMENT CONSUMED IN RESIDENTIAL SECTOR, BY PRODUCT, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 16:
- VOLUME OF CEMENT CONSUMED BY PRODUCT, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 17:
- VOLUME SHARE OF CEMENT CONSUMED BY PRODUCT, %, ASIA-PACIFIC, 2018 VS 2023 VS 2030
- Figure 18:
- VOLUME OF BLENDED CEMENT REINFORCED CONCRETE CONSUMED, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 19:
- VOLUME SHARE OF BLENDED CEMENT REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 20:
- VOLUME OF FIBER CEMENT REINFORCED CONCRETE CONSUMED, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 21:
- VOLUME SHARE OF FIBER CEMENT REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 22:
- VOLUME OF ORDINARY PORTLAND CEMENT REINFORCED CONCRETE CONSUMED, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 23:
- VOLUME SHARE OF ORDINARY PORTLAND CEMENT REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 24:
- VOLUME OF WHITE CEMENT REINFORCED CONCRETE CONSUMED, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 25:
- VOLUME SHARE OF WHITE CEMENT REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 26:
- VOLUME OF OTHER TYPES REINFORCED CONCRETE CONSUMED, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 27:
- VOLUME SHARE OF OTHER TYPES REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 28:
- VOLUME OF CEMENT CONSUMED BY COUNTRY, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 29:
- VOLUME SHARE OF CEMENT CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2018 VS 2023 VS 2030
- Figure 30:
- VOLUME OF CEMENT CONSUMED, TONS, AUSTRALIA, 2018 - 2030
- Figure 31:
- VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, AUSTRALIA, 2023 VS 2030
- Figure 32:
- VOLUME OF CEMENT CONSUMED, TONS, CHINA, 2018 - 2030
- Figure 33:
- VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, CHINA, 2023 VS 2030
- Figure 34:
- VOLUME OF CEMENT CONSUMED, TONS, INDIA, 2018 - 2030
- Figure 35:
- VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, INDIA, 2023 VS 2030
- Figure 36:
- VOLUME OF CEMENT CONSUMED, TONS, INDONESIA, 2018 - 2030
- Figure 37:
- VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, INDONESIA, 2023 VS 2030
- Figure 38:
- VOLUME OF CEMENT CONSUMED, TONS, JAPAN, 2018 - 2030
- Figure 39:
- VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, JAPAN, 2023 VS 2030
- Figure 40:
- VOLUME OF CEMENT CONSUMED, TONS, MALAYSIA, 2018 - 2030
- Figure 41:
- VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, MALAYSIA, 2023 VS 2030
- Figure 42:
- VOLUME OF CEMENT CONSUMED, TONS, SOUTH KOREA, 2018 - 2030
- Figure 43:
- VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, SOUTH KOREA, 2023 VS 2030
- Figure 44:
- VOLUME OF CEMENT CONSUMED, TONS, THAILAND, 2018 - 2030
- Figure 45:
- VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, THAILAND, 2023 VS 2030
- Figure 46:
- VOLUME OF CEMENT CONSUMED, TONS, VIETNAM, 2018 - 2030
- Figure 47:
- VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, VIETNAM, 2023 VS 2030
- Figure 48:
- VOLUME OF CEMENT CONSUMED, TONS, REST OF ASIA-PACIFIC, 2018 - 2030
- Figure 49:
- VOLUME SHARE OF CEMENT CONSUMED BY END USE SECTOR, %, REST OF ASIA-PACIFIC, 2023 VS 2030
- Figure 50:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, ASIA-PACIFIC, 2020 - 2023
- Figure 51:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2020 - 2023
- Figure 52:
- PRODUCTION CAPACITY SHARE OF CEMENT BY MAJOR PLAYERS, %, ASIA-PACIFIC, 2022
Asia-Pacific Cement Industry Segmentation
Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Blended Cement, Fiber Cement, Ordinary Portland Cement, White Cement are covered as segments by Product. Australia, China, India, Indonesia, Japan, Malaysia, South Korea, Thailand, Vietnam are covered as segments by Country.
- In 2022, the cement consumption volume in the region saw a 6.37% decline from the previous year. This drop was primarily driven by reduced new floor area constructions in the commercial, residential, and industrial & institutional sectors. Notably, the industrial & institutional, and residential sectors saw a 5.63% and 5.39% decrease in new floor area, respectively, in 2022, compared to 2021. By 2023, Asia-Pacific accounted for approximately 72.53% of the global cement market.
- The infrastructure sector emerged as the region's largest cement consumer, representing about 39.48% in 2022. With increased investments in infrastructure projects, this sector's cement demand is expected to rise. For instance, India has set its sights on a USD 4.5 trillion infrastructure investment by 2030. Projections indicate that infrastructure spending in the region will hit USD 1.74 trillion by 2030, propelling the cement sector to a 16.03% growth from 2023 to 2030.
- The commercial sector is poised to be the region's fastest-growing cement consumer, with a projected CAGR of 6.48% during the forecast period. The region is poised to experience a significant uptick in demand for commercial spaces, including shopping malls and offices. In 2025, the region is projected to witness a notable surge, adding 178 million sq. ft of new commercial floor area, compared to the previous year. For example, Indonesia has six shopping mall projects slated for completion by 2025, adding up to a total of 292 thousand sq. meters. These trends indicate that the cement market for the commercial sector in the region is set to reach 523 million tons in 2030, up from around 336 million tons in 2022.
| End Use Sector | |
| Commercial | |
| Industrial and Institutional | |
| Infrastructure | |
| Residential |
| Product | |
| Blended Cement | |
| Fiber Cement | |
| Ordinary Portland Cement | |
| White Cement | |
| Other Types |
| Country | |
| Australia | |
| China | |
| India | |
| Indonesia | |
| Japan | |
| Malaysia | |
| South Korea | |
| Thailand | |
| Vietnam | |
| Rest of Asia-Pacific |
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Market Definition
- END-USE SECTOR - Cement consumed in the construction sectors such as commercial, residential, industrial, institutional, and infrastructure are considered under the scope of the study.
- PRODUCT/APPLICATION - Under the scope of the study, the consumption of various types of cement such as ordinary portland cement, blended cement, white cement, fiber cement, etc. are considered.
| Keyword | Definition |
|---|---|
| Accelerator | Accelerators are admixtures used to fasten the setting time of concrete by increasing the initial rate and speeding up the chemical reaction between cement and the mixing water. These are used to harden and increase the strength of concrete quickly. |
| Acrylic | This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation. |
| Adhesives | Adhesives are bonding agents used to join materials by gluing. Adhesives can be used in construction for many applications, such as carpet laying, ceramic tiles, countertop lamination, etc. |
| Air Entraining Admixture | Air-entraining admixtures are used to improve the performance and durability of concrete. Once added, they create uniformly distributed small air bubbles to impart enhanced properties to the fresh and hardened concrete. |
| Alkyd | Alkyds are used in solvent-based paints such as construction and automotive paints, traffic paints, flooring resins, protective coatings for concrete, etc. Alkyd resins are formed by the reaction of an oil (fatty acid), a polyunsaturated alcohol (Polyol), and a polyunsaturated acid or anhydride. |
| Anchors and Grouts | Anchors and grouts are construction chemicals that stabilize and improve the strength and durability of foundations and structures like buildings, bridges, dams, etc. |
| Cementitious Fixing | Cementitious fixing is a process in which a cement-based grout is pumped under pressure to fill forms, voids, and cracks. It can be used in several settings, including bridges, marine applications, dams, and rock anchors. |
| Commercial Construction | Commercial construction comprises new construction of warehouses, malls, shops, offices, hotels, restaurants, cinemas, theatres, etc. |
| Concrete Admixtures | Concrete admixtures comprise water reducers, air entrainers, retarders, accelerators, superplasticizers, etc., added to concrete before or during mixing to modify its properties. |
| Concrete Protective Coatings | To provide specific protection, such as anti-carbonation or chemical resistance, a film-forming protective coat can be applied on the surface. Depending on the applications, different resins like epoxy, polyurethane, and acrylic can be used for concrete protective coatings. |
| Curing Compounds | Curing compounds are used to cure the surface of concrete structures, including columns, beams, slabs, and others. These curing compounds keep the moisture inside the concrete to give maximum strength and durability. |
| Epoxy | Epoxy is known for its strong adhesive qualities, making it a versatile product in many industries. It resists heat and chemical applications, making it an ideal product for anyone needing a stronghold under pressure. It is widely used in adhesives, electrical and electronics, paints, etc. |
| Fiber Wrapping Systems | Fiber Wrapping Systems are a part of construction repair and rehabilitation chemicals. It involves the strengthening of existing structures by wrapping structural members like beams and columns with glass or carbon fiber sheets. |
| Flooring Resins | Flooring resins are synthetic materials applied to floors to enhance their appearance, increase their resistance to wear and tear or provide protection from chemicals, moisture, and stains. Depending on the desired properties and the specific application, flooring resins are available in distinct types, such as epoxy, polyurethane, and acrylic. |
| High-Range Water Reducer (Super Plasticizer) | High-range water reducers are a type of concrete admixture that provides enhanced and improved properties when added to concrete. These are also called superplasticizers and are used to decrease the water-to-cement ratio in concrete. |
| Hot Melt Adhesives | Hot-melt adhesives are thermoplastic bonding materials applied as melts that achieve a solid state and resultant strength on cooling. They are commonly used for packaging, coatings, sanitary products, and tapes. |
| Industrial and Institutional Construction | Industrial and institutional construction includes new construction of hospitals, schools, manufacturing units, energy and power plants, etc. |
| Infrastructure Construction | Infrastructure construction includes new construction of railways, roads, seaways, airports, bridges, highways, etc. |
| Injection Grouting | The process of injecting grout into open joints, cracks, voids, or honeycombs in concrete or masonry structural members is known as injection grouting. It offers several benefits, such as strengthening a structure and preventing water infiltration. |
| Liquid-Applied Waterproofing Membranes | Liquid-Applied membrane is a monolithic, fully bonded, liquid-based coating suitable for many waterproofing applications. The coating cures to form a rubber-like elastomeric waterproof membrane and may be applied over many substrates, including asphalt, bitumen, and concrete. |
| Micro-concrete Mortars | Micro-concrete mortar is made up of cement, water-based resin, additives, mineral pigments, and polymers and can be applied on both horizontal and vertical surfaces. It can be used to refurbish residential complexes, commercial spaces, etc. |
| Modified Mortars | Modified Mortars include Portland cement and sand along with latex/polymer additives. The additives increase adhesion, strength, and shock resistance while also reducing water absorption. |
| Mold Release Agents | Mold release agents are sprayed or coated on the surface of molds to prevent a substrate from bonding to a molding surface. Several types of mold release agents, including silicone, lubricant, wax, fluorocarbons, and others, are used based on the type of substrates, including metals, steel, wood, rubber, plastic, and others. |
| Polyaspartic | Polyaspartic is a subset of polyurea. Polyaspartic floor coatings are typically two-part systems that consist of a resin and a catalyst to ease the curing process. It offers high durability and can withstand harsh environments. |
| Polyurethane | Polyurethane is a plastic material that exists in various forms. It can be tailored to be either rigid or flexible and is the material of choice for a broad range of end-user applications, such as adhesives, coatings, building insulation, etc. |
| Reactive Adhesives | A reactive adhesive is made of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Rebar Protectors | In concrete structures, rebar is one of the important components, and its deterioration due to corrosion is a major issue that affects the safety, durability, and life span of buildings and structures. For this reason, rebar protectors are used to protect against degrading effects, especially in infrastructure and industrial construction. |
| Repair and Rehabilitation Chemicals | Repair and Rehabilitation Chemicals include repair mortars, injection grouting materials, fiber wrapping systems, micro-concrete mortars, etc., used to repair and restore existing buildings and structures. |
| Residential Construction | Residential construction involves constructing new houses or spaces like condominiums, villas, and landed homes. |
| Resin Fixing | The process of using resins like epoxy and polyurethane for grouting applications is called resin fixing. Resin fixing offers several advantages, such as high compressive and tensile strength, negligible shrinkage, and greater chemical resistance compared to cementitious fixing. |
| Retarder | Retarders are admixtures used to slow down the setting time of concrete. These are usually added with a dosage rate of around 0.2% -0.6% by weight of cement. These admixtures slow down hydration or lower the rate at which water penetrates the cement particles by making concrete workable for a long time. |
| Sealants | A sealant is a viscous material that has little or no flow qualities, which causes it to remain on surfaces where they are applied. Sealants can also be thinner, enabling penetration to a certain substance through capillary action. |
| Sheet Waterproofing Membranes | Sheet membrane systems are reliable and durable thermoplastic waterproofing solutions that are used for waterproofing applications even in the most demanding below-ground structures, including those exposed to highly aggressive ground conditions and stress. |
| Shrinkage Reducing Admixture | Shrinkage-reducing admixtures are used to reduce concrete shrinkage, whether from drying or self-desiccation. |
| Silicone | Silicone is a polymer that contains silicon combined with carbon, hydrogen, oxygen, and, in some cases, other elements. It is an inert synthetic compound that comes in various forms, such as oil, rubber, and resin. Due to its heat-resistant properties, it finds applications in sealants, adhesives, lubricants, etc. |
| Solvent-borne Adhesives | Solvent-borne adhesives are mixtures of solvents and thermoplastic or slightly cross-linked polymers such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers. |
| Surface Treatment Chemicals | Surface treatment chemicals are chemicals used to treat concrete surfaces, including roofs, vertical surfaces, and others. They act as curing compounds, demolding agents, rust removers, and others. They are cost-effective and can be used on roadways, pavements, parking lots, and others. |
| Viscosity Modifier | Viscosity Modifiers are concrete admixtures used to change various properties of admixtures, including viscosity, workability, cohesiveness, and others. These are usually added with a dosage of around 0.01% to 0.1% by weight of cement. |
| Water Reducer | Water reducers, also called plasticizers, are a type of admixture used to decrease the water-to-cement ratio in the concrete, thereby increasing the durability and strength of concrete. Various water reducers include refined lignosulfonates, gluconates, hydroxycarboxylic acids, sugar acids, and others. |
| Water-borne Adhesives | Water-borne adhesives use water as a carrier or diluting medium to disperse resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a dilutant rather than a volatile organic solvent. |
| Waterproofing Chemicals | Waterproofing chemicals are designed to protect a surface from the perils of leakage. A waterproofing chemical is a protective coating or primer applied to a structure's roof, retaining walls, or basement. |
| Waterproofing Membranes | Waterproofing membranes are liquid-applied or self-adhering layers of water-tight materials that prevent water from penetrating or damaging a structure when applied to roofs, walls, foundations, basements, bathrooms, and other areas exposed to moisture or water. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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