Gurugram, India, April 12, 2023 (GLOBE NEWSWIRE) -- Malaysia Chemical Construction Market is moderately consolidated as it is flooded with multiple small domestic and international players. The players are competing on the basis of Geographies covered, brand awareness, retention rate, Quality vs quantity, payment terms, domestic sales vs exports, brand awareness & price of the product. The major companies dominating the Malaysia Construction Chemical market for its products, services, and continuous product developments are Sika, Mapei, Bostik, BASF Petronas among others.
- Malaysia is working with a vision to develop industry to an advanced and modern level and making this sector as one of the high contributors of the economic development in the nation.
- Industrial sector accounted largest market share owing to rising urbanization and industries construction in Malaysia.
Technological Innovation & Initiatives: Malaysia construction chemical market will experience a growth owing to the Industrial development and improving economic conditions. Multiple international & domestic companies are expected to introduce new technology in the market. A focus will be given to good quality products and completely eliminate technology to manufacture outdated construction materials, which consumes a lot of resources and causes environmental pollution. Moreover, several government initiatives are expected in the long run. For instance, Malaysia’s construction sector vision: Considering the substantial role of construction sector in economic development of Malaysia is already in play & more such policies are expected in near future.
Industrial sector dominance: Industrial sector accounted for the largest segment capturing the highest market share owing to rising urbanization and industries construction in Malaysia. The growth of this sector will be supported by continued investment in the manufacturing sector and the government’s relaxation of taxes to attract multinational businesses to the country. Moreover, in 2021 Malaysia approved 702 manufacturing projects.
Analysts at Ken Research in their latest publication, “Malaysia Construction Chemicals Outlook to 2027 – driven by strong growth of construction Industry & Government support” by Ken Research observed that Malaysia Construction Chemical Market is in a growth phase & is expected to grow at a CAGR of ~5% in the forecasted period 2023-2027 owing to government initiative to develop industry to an advanced and modern level and making this sector as one of the high contributor of the economic development in the nation.
Key Segments Covered in the report:-
By Market Type
- Organized
- Unorganized
By Product Type
- Concrete Admixtures
- Waterproofing
- Repair & Rehabilitation Chemicals
- Grouting Chemicals
- Coatings
- Sealants & Adhesives
- Industrial Flooring
By Region
- North Peninsula
- South Peninsula
- Central Peninsula
- East Malaysia
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By Type of End users
- Residential
- Commercial
- Industrial
By Major Players
- Sika
- BASF
- Fosroc
- Pentens
- Bostik
- Mapie
- Others
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: 2017-2022
- Base Year: 2022
- Forecast Period: 2023-2027
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Companies Covered:-
- Sika
- BASF
- Fosroc
- Pentens
- Bostik
- Mapie
Key Topics Covered:-
- Executive Summary
- Country Overview
- Malaysia Construction Market Overview
- Malaysia Construction Chemical Market Overview
- Malaysia Construction Chemical Market Size
- Malaysia Construction Chemical Market Segmentation
- Industry Analysis of Malaysia Construction Chemical Market
- Competition Framework of Malaysia Construction Chemical Market
- Future Outlook of Malaysia Construction Chemical Market
For more insights on the market intelligence, refer to below link:-
Malaysia Construction Chemical Market
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According to Ken Research estimates, the Vietnam construction chemical market expanded at a CAGR of ~5.6% between 2017 – 2022E on the basis of revenue generated. The market saw rapid growth owning to influx of FDI, availability of cheap & abundant raw material, major merger & acquisitions, rapid urbanization, increasing use of green chemicals and strong government investments. Vietnam construction chemical market is estimated to grow at a positive CAGR of ~11.9% between 2022E and 2027F. Rapid urbanization, growing use of Ready-Mix Concrete (RMC) and green chemical will lead to increase in usage and quality of Chemicals in Construction industry in Vietnam. Residential Sector, Commercial Sector, Industrial Sector and Government Infrastructure projects are the most prominent users of construction chemicals in Vietnam.
The construction chemicals market in Indonesia is anticipated to grow with the growing Real Estate and Infrastructure Construction Industry. Over the forecast period FY’20-FY’25, the Indonesia construction chemicals market revenue is further anticipated to increase to USD ~ Millions by FY’25, thus showcasing a CAGR of 9.23 %. The Unorganized vs. Organized Market asymmetry will get even more skewed, with Organized Players slowly eating away the Unorganized Market’s share.
The construction chemicals market in India is anticipated to grow with the growing Real Estate and Infrastructure Construction Industry. Over the forecast period FY’20-FY’25, the India construction chemicals market revenue is further anticipated to increase to INR ~ Cr by FY’25, thus showcasing a CAGR of 10.0%. The Unorganized vs. Organized Market asymmetry will get more skewed, with Organized Players slowly eating away the Unorganized Market’s share.
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