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Asia-Pacific Construction Chemicals Market Size

The Asia-Pacific construction chemicals market is experiencing significant growth, driven by increased construction activities and rising demand across various sectors. The market's expansion is particularly notable in the commercial and residential segments, with the latter poised for the highest growth due to urbanization and increased disposable incomes. China stands out as the dominant force in the region, fueled by substantial investments in construction and infrastructure, while Japan follows closely due to its urban-centric population and stringent building codes. The overall market size is expected to grow steadily, reflecting the region's robust economic development and infrastructure needs.

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Market Size of asia-pacific construction chemicals Industry

Asia-Pacific Construction Chemicals Market Summary
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svg icon Study Period 2018 - 2030
svg icon Market Size (2024) USD 39.25 Billion
svg icon Market Size (2030) USD 59.22 Billion
svg icon Largest Share by End Use Sector Industrial and Institutional
svg icon CAGR (2024 - 2030) 7.10 %
svg icon Largest Share by Country China
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Asia-Pacific Construction Chemicals Market Analysis

The Asia-Pacific Construction Chemicals Market size is estimated at 39.25 billion USD in 2024, and is expected to reach 59.22 billion USD by 2030, growing at a CAGR of 7.10% during the forecast period (2024-2030).

39.25 Billion

Market Size in 2024 (USD)

59.22 Billion

Market Size in 2030 (USD)

4.59 %

CAGR (2018-2023)

7.10 %

CAGR (2024-2030)

Largest Market by Product

35.29 %

value share, Waterproofing Solutions, 2023

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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.

Largest Market by End Use Sector

34.80 %

value share, Industrial and Institutional, 2023

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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.

Largest Market by Country

65.92 %

value share, China, 2023

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The country has dominated the market with the increasing demand for construction chemicals in the industrial and commercial construction sectors coupled with urban infrastructure developments.

Fastest Market by Country

7.41 %

Projected CAGR, China, 2024-2030

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With the fast pace of urbanization driving the need for new infrastructure, along with government initiatives and policies such as affordable housing schemes, China is expected to be the fastest-growing country in the region.

Leading Company

5.60 %

market share, Sika AG, 2022

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The company's broad range of high-quality products, well-established network in the region, robust supply chain, and strategic expansions and acquisitions in the construction industry make it a major player in the market.

Asia-Pacific construction chemicals market to grow the fastest in the residential sector

  • In 2022, the Asia-Pacific construction chemicals market witnessed a 2.58% increase in value compared to the previous year, driven by a surge in construction activities across the region. Moreover, the market was projected to expand by approximately 6% in 2023 over 2022 as end-user sectors are looking forward to significant growth.
  • Accounting for a substantial 20.69% share in 2022, the commercial sector stands as one of the largest shareholders in the market. This dominance can be attributed to the rising number of commercial buildings characterized by intricate designs, diverse requirements, and substantial budgets, all of which result in a relatively wide variety of construction chemicals usage. Notable examples in the region include Shanghai Tower (China), Lotte World Tower (South Korea), and CentralWorld (Thailand).
  • With the Asia-Pacific region housing over half of the global population, the residential sector is the second most lucrative segment. Factors such as urbanization, rising per capita income, and a surge in multi-story residential constructions, coupled with growing awareness about construction chemicals, have propelled the sector's value.
  • Among the end-user sectors, the residential segment is poised for the highest growth, with a projected CAGR of 7.89% during the forecast period (2023-2030). This surge is fueled by the escalating demand for housing, driven by a burgeoning urban population and increased disposable incomes.
Asia-Pacific Construction Chemicals Market

China's dominance in the Asia-Pacific construction chemicals market owing to strong industrial and infrastructure sectors is expected to boost the market

  • The overall demand for construction chemicals in the Asia-Pacific increased by nearly 3% in 2022 over 2021. The most significant increase was observed in the infrastructure sector, with a 6% higher demand than in 2021. In 2023, China and Indonesia were projected to see the most significant spikes, with estimated increases of 6.2% and 6.8%, respectively, over 2022.
  • China, as the dominant player, accounted for over half of the Asia-Pacific construction chemicals market in 2022. This could be attributed to China's robust investments in its construction sectors, bolstered by its status as the region's largest economy. China's infrastructure spending in 2022 constituted 63% of the region's total. In China, the industrial and institutional sector was the largest consumer, accounting for nearly 36% of the total demand in 2022.
  • Japan, following closely behind China, stands as the second-largest consumer of construction chemicals in the Asia-Pacific. This is due to Japan's urban-centric population, with 90% residing in cities, necessitating continuous infrastructure development for housing, offices, restaurants, and factories. Additionally, Japan's stringent building codes, a response to its heightened earthquake and tsunami risks, further contribute to the demand.
  • During the forecast period (2023-2030), China is poised to witness the fastest growth in demand for construction chemicals, recording a CAGR of 7.5%. This surge can be attributed to the Chinese government's plan to ramp up spending on major construction and infrastructure projects by USD 1.8 trillion in 2023, which was a significant increase from the previous year.

Asia-Pacific Construction Chemicals Industry Segmentation

Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Adhesives, Anchors and Grouts, Concrete Admixtures, Concrete Protective Coatings, Flooring Resins, Repair and Rehabilitation Chemicals, Sealants, Surface Treatment Chemicals, Waterproofing Solutions 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 Asia-Pacific construction chemicals market witnessed a 2.58% increase in value compared to the previous year, driven by a surge in construction activities across the region. Moreover, the market was projected to expand by approximately 6% in 2023 over 2022 as end-user sectors are looking forward to significant growth.
  • Accounting for a substantial 20.69% share in 2022, the commercial sector stands as one of the largest shareholders in the market. This dominance can be attributed to the rising number of commercial buildings characterized by intricate designs, diverse requirements, and substantial budgets, all of which result in a relatively wide variety of construction chemicals usage. Notable examples in the region include Shanghai Tower (China), Lotte World Tower (South Korea), and CentralWorld (Thailand).
  • With the Asia-Pacific region housing over half of the global population, the residential sector is the second most lucrative segment. Factors such as urbanization, rising per capita income, and a surge in multi-story residential constructions, coupled with growing awareness about construction chemicals, have propelled the sector's value.
  • Among the end-user sectors, the residential segment is poised for the highest growth, with a projected CAGR of 7.89% during the forecast period (2023-2030). This surge is fueled by the escalating demand for housing, driven by a burgeoning urban population and increased disposable incomes.
End Use Sector
Commercial
Industrial and Institutional
Infrastructure
Residential
Product
Adhesives
By Sub Product
Hot Melt
Reactive
Solvent-borne
Water-borne
Anchors and Grouts
By Sub Product
Cementitious Fixing
Resin Fixing
Other Types
Concrete Admixtures
By Sub Product
Accelerator
Air Entraining Admixture
High Range Water Reducer (Super Plasticizer)
Retarder
Shrinkage Reducing Admixture
Viscosity Modifier
Water Reducer (Plasticizer)
Other Types
Concrete Protective Coatings
By Sub Product
Acrylic
Alkyd
Epoxy
Polyurethane
Other Resin Types
Flooring Resins
By Sub Product
Acrylic
Epoxy
Polyaspartic
Polyurethane
Other Resin Types
Repair and Rehabilitation Chemicals
By Sub Product
Fiber Wrapping Systems
Injection Grouting Materials
Micro-concrete Mortars
Modified Mortars
Rebar Protectors
Sealants
By Sub Product
Acrylic
Epoxy
Polyurethane
Silicone
Other Resin Types
Surface Treatment Chemicals
By Sub Product
Curing Compounds
Mold Release Agents
Other Product Types
Waterproofing Solutions
By Sub Product
Chemicals
Membranes
Country
Australia
China
India
Indonesia
Japan
Malaysia
South Korea
Thailand
Vietnam
Rest of Asia-Pacific
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Asia-Pacific Construction Chemicals Market Size Summary

The Asia-Pacific construction chemicals market is experiencing significant growth, driven by increased construction activities across the region. The market is characterized by a robust demand from both commercial and residential sectors, with the commercial sector holding a substantial share due to the rise in complex commercial buildings. The residential sector, fueled by urbanization and rising incomes, is expected to witness the highest growth. China stands out as the dominant player in the region, with substantial investments in construction and infrastructure, followed by Japan, which requires continuous development due to its urban-centric population. The market's expansion is further supported by the region's growing awareness and adoption of construction chemicals, which are essential for modern construction projects.

The market landscape is fragmented, with major players like Jiangsu Subote New Material Co., Ltd., MBCC Group, Oriental Yuhong, Saint-Gobain, and Sika AG holding a significant portion of the market share. Recent strategic moves, such as Sika AG's acquisition of MBCC Group, highlight the dynamic nature of the market, as companies seek to enhance their product offerings and expand their market presence. The Asia-Pacific region is poised for continued growth, with projections indicating a steady increase in demand for construction chemicals, driven by ongoing infrastructure projects and the need for advanced construction solutions. This growth trajectory is expected to be supported by favorable government policies and increased foreign direct investment in the region's construction sector.

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Asia-Pacific Construction Chemicals Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)

    1. 1.1 End Use Sector

      1. 1.1.1 Commercial

      2. 1.1.2 Industrial and Institutional

      3. 1.1.3 Infrastructure

      4. 1.1.4 Residential

    2. 1.2 Product

      1. 1.2.1 Adhesives

        1. 1.2.1.1 By Sub Product

          1. 1.2.1.1.1 Hot Melt

          2. 1.2.1.1.2 Reactive

          3. 1.2.1.1.3 Solvent-borne

          4. 1.2.1.1.4 Water-borne

      2. 1.2.2 Anchors and Grouts

        1. 1.2.2.1 By Sub Product

          1. 1.2.2.1.1 Cementitious Fixing

          2. 1.2.2.1.2 Resin Fixing

          3. 1.2.2.1.3 Other Types

      3. 1.2.3 Concrete Admixtures

        1. 1.2.3.1 By Sub Product

          1. 1.2.3.1.1 Accelerator

          2. 1.2.3.1.2 Air Entraining Admixture

          3. 1.2.3.1.3 High Range Water Reducer (Super Plasticizer)

          4. 1.2.3.1.4 Retarder

          5. 1.2.3.1.5 Shrinkage Reducing Admixture

          6. 1.2.3.1.6 Viscosity Modifier

          7. 1.2.3.1.7 Water Reducer (Plasticizer)

          8. 1.2.3.1.8 Other Types

      4. 1.2.4 Concrete Protective Coatings

        1. 1.2.4.1 By Sub Product

          1. 1.2.4.1.1 Acrylic

          2. 1.2.4.1.2 Alkyd

          3. 1.2.4.1.3 Epoxy

          4. 1.2.4.1.4 Polyurethane

          5. 1.2.4.1.5 Other Resin Types

      5. 1.2.5 Flooring Resins

        1. 1.2.5.1 By Sub Product

          1. 1.2.5.1.1 Acrylic

          2. 1.2.5.1.2 Epoxy

          3. 1.2.5.1.3 Polyaspartic

          4. 1.2.5.1.4 Polyurethane

          5. 1.2.5.1.5 Other Resin Types

      6. 1.2.6 Repair and Rehabilitation Chemicals

        1. 1.2.6.1 By Sub Product

          1. 1.2.6.1.1 Fiber Wrapping Systems

          2. 1.2.6.1.2 Injection Grouting Materials

          3. 1.2.6.1.3 Micro-concrete Mortars

          4. 1.2.6.1.4 Modified Mortars

          5. 1.2.6.1.5 Rebar Protectors

      7. 1.2.7 Sealants

        1. 1.2.7.1 By Sub Product

          1. 1.2.7.1.1 Acrylic

          2. 1.2.7.1.2 Epoxy

          3. 1.2.7.1.3 Polyurethane

          4. 1.2.7.1.4 Silicone

          5. 1.2.7.1.5 Other Resin Types

      8. 1.2.8 Surface Treatment Chemicals

        1. 1.2.8.1 By Sub Product

          1. 1.2.8.1.1 Curing Compounds

          2. 1.2.8.1.2 Mold Release Agents

          3. 1.2.8.1.3 Other Product Types

      9. 1.2.9 Waterproofing Solutions

        1. 1.2.9.1 By Sub Product

          1. 1.2.9.1.1 Chemicals

          2. 1.2.9.1.2 Membranes

    3. 1.3 Country

      1. 1.3.1 Australia

      2. 1.3.2 China

      3. 1.3.3 India

      4. 1.3.4 Indonesia

      5. 1.3.5 Japan

      6. 1.3.6 Malaysia

      7. 1.3.7 South Korea

      8. 1.3.8 Thailand

      9. 1.3.9 Vietnam

      10. 1.3.10 Rest of Asia-Pacific

Asia-Pacific Construction Chemicals Market Size FAQs

The Asia-Pacific Construction Chemicals Market size is expected to reach USD 39.25 billion in 2024 and grow at a CAGR of 7.10% to reach USD 59.22 billion by 2030.

In 2024, the Asia-Pacific Construction Chemicals Market size is expected to reach USD 39.25 billion.

Asia-Pacific Construction Chemicals Market Report Snapshots

Asia-Pacific Construction Chemicals Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030