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Title Increasing Urbanization Fueling Sales of Construction Chemicals in Asia-Pacific
Category Business --> Business Services
Meta Keywords Asia-Pacific (APAC) Construction Chemicals Market
Owner industrytrends
Description
With rapid economic progress of Asia-Pacific (APAC) countries, their urban population is predicted to rise enormously in the coming years. This will fuel large-scale urban development in various developing nations of APAC such as India, Indonesia, and China. This rising urbanization rate will fuel the development of residential buildings, civic infrastructure facilities, education centers, healthcare facilities, and transportation centers, which will, in turn, propel the sales of construction chemicals in the region in the future years.

Apart from the aforementioned factor, the rapid expansion of the manufacturing sector in the regional countries such as India, China, Malaysia, and Vietnam is predicted to power the development of manufacturing facilities and plants, warehousing units, and assembly facilities. Moreover, with the launch of several large-scale construction projects in the APAC countries, on account of the enactment of favorable government policies and investments, the sales of construction materials including construction chemicals will soar in the coming years.

Additionally, the increasing industrialization rate is also positively impacting the demand for construction chemicals in the APAC region. These factors are propelling the advancement of the Asia-Pacific (APAC) construction chemicals market. Construction chemicals are basically the chemical formulations used with cement, concrete, and various other construction materials for holding the construction materials together. These chemicals are heavily used in various civic and infrastructure repair and construction applications in the APAC countries.

Concrete admixtures, sealants, adhesives, protective coatings, flame retardants, flooring chemicals, and asphalt modifiers are the most extensively used construction chemicals in the APAC region. Out of these, the usage of concrete admixtures was found to be the highest in the region during the past few years. This was because of the rapid improvements in the construction quality in the developing nations and the huge requirement for roads, buildings, tunnels, water retention structures, and bridges in the region.

Additionally, the demand for reducing construction time and water usage also contributed toward the huge popularity of concrete admixtures in the region in the past. Concrete admixtures provide high compressive strength, water tightness, high workability, wear resistance, high finish for various complex modern buildings, and durability. According to the findings of P&S Intelligence, a market research company based in India, the highest revenue in the APAC construction chemicals market was generated by China in the years gone by. 

One of the major trends currently being witnessed in the industry is the growing usage of construction materials in the regional countries. This is credited to the soaring population levels and the consequent surge in the requirement for infrastructural development projects in the region. As per the Asian Development Bank, the population of APAC is predicted to rise to 4.3 billion by 2030. This would massively boost the demand for construction projects in the region in the future.

Hence, it is safe to say that the sales of construction chemicals will surge sharply in the APAC region in the forthcoming years, primarily because of the rising urbanization and industrialization and the mushrooming number of infrastructural development and construction projects in the region.