According to a new report by Expert Market Research titled, “Asia Pacific and Middle East and Africa Construction Chemicals Market Share, Size, Report and Forecast 2024-2032″, the Asia Pacific and Middle East and Africa construction chemicals market size reached a value of USD 21,246.00 million in 2023. Aided by rise in construction activities and growing industrialisation, the market is projected to further grow at a CAGR of 9.7% between 2024 and 2032.
Construction chemicals are integral components that enhance the durability, strength, and sustainability of construction materials. These chemicals play a crucial role in improving the overall quality and longevity of infrastructural projects, ranging from residential complexes to expansive highways. They offer benefits such as water resistance, increased toughness, and protection against environmental adversities. The scope of their application includes areas like concrete and cement admixtures, waterproofing, sealants, protective coatings, and adhesives.
Growing urbanisation and an increase in the number of infrastructural development projects are some of the primary drivers boosting the Asia Pacific and Middle East and Africa construction chemicals market size. As emerging economies in these regions are experiencing rapid urban expansion, the requirement for durable and resilient infrastructure is on the rise. This has fuelled the demand for high-quality construction chemicals, ensuring long-term sustainability of these structures.
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One of the pivotal Asia Pacific and Middle East and Africa construction chemicals market trends is the rising inclination towards environmentally friendly and sustainable solutions. As global focus sharpens on sustainability, the construction industry in these regions is rapidly adopting chemicals that reduce the carbon footprint, are resource-efficient, and are derived from renewable sources.
A pivotal factor contributing to the Asia Pacific and Middle East and Africa construction chemicals market growth is the robust demand for residential and commercial buildings equipped with modern amenities and high sustainability standards. These standards are particularly stringent in burgeoning metropolitan areas, where space is a constraint, and there is an increasing focus on vertical construction. In such scenarios, the role of construction chemicals in ensuring the structural integrity and longevity of these towering structures becomes essential.
The Asia Pacific and Middle East and Africa construction chemicals market analysis highlights the significance of technological advancements and innovations in the market. These regions are witnessing a rise in the adoption of advanced construction methodologies, like prefabricated and modular construction. Such techniques, combined with the judicious use of construction chemicals, ensure faster construction times while maintaining high-quality standards.
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Market Segmentation
The market can be divided based on type, application, and region.
Market Breakup by Type
• Concrete Admixture
• Waterproofing and Roofing
• Repair
• Flooring
• Adhesive and Sealant
• Others
Market Breakup by Application
• Residential
• Industrial
• Infrastructure
• Repair Structures
• Others
Market Breakup by Region
• China
• India
• Japan
• Africa
• UAE
• Saudi Arabia
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Asia Pacific and Middle East and Africa construction chemicals market. Some of the major players explored in the report by Expert Market Research are as follows:
• Sika AG
• Evonik Industries AG
• Pidilite Industries Ltd.
• Mapei
• Fosroc, Inc.
• Others
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