Showing posts with label Indonesia Resin Chemical Market. Show all posts
Showing posts with label Indonesia Resin Chemical Market. Show all posts

Thursday, May 11, 2023

5 Major Developments has driven the Indonesian Construction Chemicals Industry close to USD 12 Mn by 2020 - How will the market fare in future? – Ken Research

 Unorganized market share is close to 20% of the overall Construction Chemicals Market as of 2020, as per a report by Ken Research.

1. Covid-19 Impact on End User Infrastructure Sector also led to a jolt on the construction chemicals Market

Indonesia Construction Sealants Market

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  • Halt in production of inputs such as cement, iron & steel lead to the increase in prices.
  • Serious impact on building materials and labor force.
  • Cash flow was seriously affected in the residential, hospitality and retail segments.
  • Supply chain was disrupted owing to delayed construction.
  • Imposition of lockdown caused job losses of around 30%.
  • Indonesia had a significant dependence on China for raw material imports as observed, which was hampered due to restriction on cross border movement.

2. While the impact on real estate market in Indonesia is among the worst, various initiatives such as fiscal incentives and credit relaxation will help in the recovery.

Indonesia Construction Sealants Market

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The government is considering for implementing fiscal incentives and credit relaxations to allow relief to the construction additives sector.

Industrial and Housing sectors still remain the major source of investments.

Government projects such as One Million Home Project still continued during pandemic providing some relief.

3. Few major recent developments in Indonesian Construction Chemical Market- Mergers, JVs and Production Capacity Expansion driving the Market

Indonesia Construction Sealants Market

The Master X-Seed STE Admixture launched by MBS is designed to make concrete production more efficient, by promoting concrete hydration, while enhancing strength safety factor by 15%.

Indonesia Triputra Group, enters into the Dry mortar and Tile Adhesive market by establishing a plant under the brand name “Mortindo”, to ensure their share in the growing market.

According to Mike Champion, Regional Manager, Asia Pacific, SIKA, Indonesia has shown huge demand growth and thus, SIKA is planning to invest further in Indonesian market.

Evonik opened up an expanded plant in Jakarta to increase their holding and supply capacity of raw materials and admixtures. The additional capacity afforded will help Evonik assure quality standards in their products.

For more insights on the market intelligence, refer to the link below:-

Indonesia Construction Chemical Market

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Wednesday, May 10, 2023

3 Key Trends are driving demand of Construction Chemicals Market– How will the Construction Chemicals Industry perform and evolve in Indonesia? - Ken Research

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Indonesian construction sector is expected to grow at a CAGR of about 10% over the period of 2022-2025, thus impacting the growth rate of construction chemical market as well, as per a report by Ken Research.

Low awareness of construction chemical is one of the major hindrances in the growth of the market in Indonesia

Indonesian construction sector

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  • Usage of construction chemicals depend on performance of construction sector. Decline in construction activity will have negative impact on market.
  • Potential Users are not aware about benefit of these products.
  • Laborers don’t have technical knowledge and application know-how for usage of construction chemicals.
  • The penetration of construction chemicals is low in Indonesia compared to other countries such as China and USA.

Threats faced by Global Construction Chemicals Industry 

Changing Regulatory Environment and presence of international players are some future opportunities for the Indonesian Construction Chemicals Market

Indonesian construction sector

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Changing Regulatory Environment: Green building code, incentivizing energy efficiency will drive the usage of safe construction chemicals.

Good Presence of International Players:  The market has a mix of MNCs and Local players, wherein MNCs are participating in the overall market, while local players are present in individual product categories and localized zones. This helps in increasing product offerings and market awareness.

 Ininititaves taken by MNCs to in construction chemical Industry

Rise of Young Middle Class, Massive Infrastructure Development Push by the government and rise in Demand for Green Solutions are poised to drive the Construction Chemicals Market in Indonesia

Indonesian construction sector

Nearly half of Indonesia’s population is below the age of 30, with a rising middle class segment. The result is heightened demand for housing for a mass of populace entering their adulthood, which in turn drives up construction chemical sales in Indonesia.

Government has launched numerous initiatives such as the National Strategic Program, or Making Indonesia 4.0, to spark an infrastructural revolution. Under the leadership of President Joko Widodo, Indonesia has seen an increase of nearly 45% in the allocation of  budget towards infrastructure development, especially to areas such as Kalimantan and Papua.

The demand for products with features like longer durability, environment friendly and anti-corrosion capabilities is increasing among consumers. In addition to this, stricter environmental regulations from Ministry of Public Works and Housing  is also driving the demand for greener solutions. This has enabled companies to opt for eco friendly construction chemicals.

For more insights on the market intelligence, refer to the link below:-

Indonesia Construction Chemicals Market

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