Indonesian Construction Chemicals Market is expected to grow at a CAGR of 9.26% between FY’20 to FY’25: Ken Research
- Construction sector had to bear the worst impact of COVID 19 as there was a major financial and manpower crunch in the market. This indirectly impacted the construction chemicals market adversely.
- The Concrete Admixtures market is anticipated to grow the fastest, with a CAGR of 14.2 % during the forecast period FY’20-FY’25.
Adoption of Sustainable Products and Technological Advancements: The demand for products with features such as lower water consumption is increasing among consumers, due to frequent droughts and water scarcity problems in Indonesia. In addition to this, stricter environmental regulations from government and the Green building council, especially after the announcement of the new capital, are also driving the demand for greener solutions. This has motivated companies to introduce eco-friendly construction chemicals. The construction chemicals domain is highly cost-competitive in Indonesia.
Massive Projected demand from Infrastructure sector in Indonesia: With President Jokowi’s focus on expanding infrastructure efforts to outside Java, and announcing a new capital in Kalimantan, a surge in demand of construction chemical is expected. Infrastructure construction activities are the major end users of construction chemicals in the country. The government of Indonesia’s commitment to increase spending on infrastructure and housing development will bode well for the expansion of the construction chemicals market in the country. The upcoming major infrastructure projects such as those under National Strategic Projects, are to present a huge growth potential for the construction chemicals in Indonesia.
Increasing investments in Research and Development: The leading construction chemical players in Indonesia are investing in research & development activities and manufacturing plants to achieve a competitive edge. Manufacturers need to work with construction industry experts and end users to develop new construction chemical products.
The report titled “Indonesian Construction Chemicals Market Outlook to 2025: Ongoing and Healthy Pipeline of Ambitious Infrastructure Projects are driving the growth of Construction Chemicals Market” by Ken Research suggested that the Indonesia construction chemicals market is expected to grow further in the near future, with the growing residential and infrastructure construction. The market is expected to register a positive CAGR of 9.26 % in terms of revenue during the forecast period of FY’20-FY’25
Key Segments Covered in Indonesia Construction Chemicals Market
By Type of Construction Chemical Market
Organized
Unorganized
By Type of Construction Chemicals
Concrete Additives
Waterproofing
Repair and Rehabilitation Chemicals
Sealants
Tile Adhesives
Flooring
By Type of Concrete Additives Market
Organized
Unorganized
By Type of Waterproofing Market
Organized
Unorganized
By Type of Repair and Rehabilitation Chemicals Market
Organized
Unorganized
By Type of Sealants Market
Organized
Unorganized
By Type of Tile Adhesives Market
Organized
Unorganized
By Type of Flooring Market
Organized
Unorganized
Key Target Audience
Construction Chemical companies
Concrete Additive companies
Waterproofing companies
Adhesive and Sealant Companies
Repair and Rehabilitation Chemical companies
Time Period Captured in the Report:
Historical Period: FY’15-FY’20
Forecast Period: FY’20-FY’25
Construction Chemical Companies in Indonesia:
Aquaproof (PT Adhi Cakra)
PT MBS Indonesia
PT Bostik Indonesia
PT Dow Chemical Indonesia
PT FOSROC Indonesia
PT Sika Indonesia
PT Mapei Indonesia
PT Estop Indonesia
PT Miranila Abadi (Ultrachem)
Bossil (Nippon paint Subsidiary)
PT Propan Indonesia
Mortar Utama-Weber
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Key Topics Covered in the Report
Global overview of construction chemicals market
Construction Chemical Market Ecosystem
Value chain Analysis of Construction Chemicals market
Demand side analysis of Construction Chemicals market
Porter’s Five Forces Analysis of the Indonesian Construction Chemicals Market
SWOT Analysis of Construction Chemicals Market
Key Trends in Indonesia Construction Chemicals Ecosystem
Government’s Role in the Indonesian Construction Chemical Market
Recent Developments in Indonesian Construction Chemical Market
Import Export Scenario of Raw Materials in Indonesia Construction Chemical Market
Import Export Scenario of Specialty Chemicals in Indonesia Construction Chemical Market
Indonesia Construction Chemicals Market End User Analysis
Indonesia Construction Chemicals Market Size and Segmentation
Market Share of Construction Chemical Companies on the basis of Revenue
Financial and Business Landscape of Indonesia Construction Chemicals Players
Product Landscape of Indonesia Construction Chemicals Players
Company Profile of Major Construction Chemical Companies in Indonesia
Indonesia Construction Chemicals Market Future Outlook and Projections
COVID-19 Impact on the Construction Chemicals Industry
Forward Path and Recommendations
Analyst Recommendation
For More Information On the Research Report, Refer to the Below Link: –
Indonesian Construction Chemicals Market
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