According to TechSci Research report, “Indonesia Construction Chemicals Market – By Region, Competition, Forecast and Opportunities, 2019-2029F”, the Indonesia Construction Chemicals Market stood at USD 886.25 million in 2023 and is anticipated to grow with a CAGR of 4.98% through 2029. Government initiatives regarding construction chemicals have created favorable market conditions for the Indonesia Construction Chemicals Market. The "One Million Houses per Year" program stands out as a notable initiative aimed at addressing the country's pressing need for residential housing amid rapid urbanization. This comprehensive program not only seeks to meet the growing demand for housing but also emphasizes sustainable and affordable solutions.
The surge in construction activities spurred by this initiative has led to increased demand for construction chemicals. These chemicals are crucial for enhancing the durability, strength, and aesthetic appeal of structures, ensuring their longevity and resilience against environmental factors.
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Recognizing the importance of a reliable supply of high-quality construction chemicals, the Indonesian government has proactively supported local production. By implementing measures to create an enabling environment for domestic production, the government aims to establish a robust supply chain capable of meeting the rising demand from the thriving construction sector. This initiative not only boosts the domestic economy but also fosters the overall growth and development of the construction industry.
The "One Million Houses per Year" program and government support for local production of construction chemicals represent significant strides toward addressing housing needs and fostering sustainable economic growth. These initiatives underscore the government's commitment to tackling the challenges of rapid urbanization while promoting a resilient construction sector.
Indonesia is witnessing substantial growth in construction and infrastructure development, driven by the government's emphasis on key projects like roads, bridges, airports, and ports, alongside urbanization and industrialization trends. This surge in activity is fueling demand for construction chemicals, critical for enhancing the durability, strength, and performance of construction materials, thereby stimulating market growth.
The country's expanding urban population, coupled with increasing disposable incomes and evolving lifestyles, is driving demand for both residential and commercial buildings. Construction chemicals play a vital role in building construction, offering solutions for waterproofing, concrete admixtures, adhesives, and sealants, among others. The escalating urban population and housing requirements serve as primary catalysts for the construction chemicals market in Indonesia.
In Indonesia, there's a surging demand for high-performance and specialty construction chemicals. These chemicals offer superior attributes like heightened strength, enhanced durability, reduced maintenance, and exceptional resilience against environmental factors. The future expansion of Indonesia's construction chemicals market hinges on the increasing adoption of these advanced chemicals to meet the evolving demands of construction projects.
The construction industry in Indonesia is placing a growing emphasis on sustainable and environmentally friendly practices. There's a concerted effort to minimize the environmental impact of construction activities by embracing eco-friendly construction materials and chemicals. The anticipated growth in the construction chemicals market will be propelled by the demand for sustainable solutions that contribute to energy efficiency, waste reduction, and decreased carbon emissions.
The rapid urbanization and infrastructure development in Indonesia serve as significant drivers for the construction chemicals market. The expanding population and urban areas require extensive construction of residential, commercial, and infrastructure projects. The market's future expansion will be propelled by the demand for construction chemicals in various projects, such as high-rise buildings, transportation networks, and industrial facilities.
Research and development (RD) are pivotal in developing advanced construction chemicals. These chemicals are tailored to meet the evolving requirements of consumers and regulatory bodies within the construction sector. For instance, there's an increasing focus on sustainable construction practices, driving the creation of eco-friendly construction chemicals. These alternatives aim to mitigate the environmental footprint of construction activities while upholding high-performance standards. Through investments in RD, the industry can sustain innovation and deliver solutions that resonate with shifting market demands.
The Indonesia Construction Chemicals Market is segmented in type, end user, regional distribution, and company.
Based on end user, The residential segment is poised for rapid growth in the forecast period. Construction chemicals play a pivotal role in residential construction, addressing various needs such as new construction, repair, and refurbishment. One notable application of these chemicals is in cementitious concrete mortar, commonly utilized in brick-based structures like fences and walls. Integration of this mortar offers several advantages, including heightened corrosion resistance, reduced rusting of internal supports, and improved moisture absorption capabilities, thereby enhancing the overall durability and longevity of residential buildings. Indonesia holds a prominent position in the global economic landscape, boasting the largest economy in Southeast Asia and ranking as the tenth-largest economy worldwide in terms of purchasing power parity (PPP), as per the International Monetary Fund (IMF). With its robust and thriving economy, Indonesia significantly influences the economic dynamics of Southeast Asia and the global stage.
Major companies operating in Indonesia Construction Chemicals Market are:
- Sika Indonesia
- PT BASF Indonesia
- Fosroc Indonesia
- PT Bostik Indonesia
- PT Pidilite Indonesia
- PT Mapei Indonesia Construction Products
- Saint Gobain Indonesia
- PT. Deltacretindo Wira Mandiri
- PT. Normet Indonesia
- PT. Kimia Konstruksi Indonesia
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“Growing application of construction chemicals in various end user industries are key drivers of the construction chemicals market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of construction chemicals with every passing year are anticipated to register an impressive growth to Indonesia Construction Chemicals Market in the forecast period.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.
“Indonesia Construction Chemicals Market By Type (Concrete Admixtures, Waterproofing Chemicals, Flooring Compounds, Repair Rehabilitation, Adhesives Sealants, and Others), By End User (Commercial, Industrial, Residential), By Region, Competition, Forecast and Opportunities, 2019-2029F”, has evaluated the future growth potential of Indonesia Construction Chemicals Market and provides statistics information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Indonesia Construction Chemicals Market.
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