Indonesia Concrete Admixtures Market Size

The Indonesia Concrete Admixtures Market is experiencing growth driven by increasing demand across various construction sectors, including industrial, institutional, and residential. The market's expansion is fueled by urbanization and government initiatives aimed at boosting housing construction, with the residential sector being the largest consumer. The industrial and institutional sectors are anticipated to grow at the fastest rate, supported by significant investments in industrial and healthcare construction. This growth trajectory indicates a robust increase in the market size over the forecast period.

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Market Size of indonesia concrete admixtures Industry

Indonesia Concrete Admixtures Market Summary
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svg icon Study Period 2018 - 2030
svg icon Market Size (2024) USD 110.58 Million
svg icon Market Size (2030) USD 165.77 Million
svg icon Largest Share by End Use Sector Residential
svg icon CAGR (2024 - 2030) 6.98 %
svg icon Fastest Growing by End Use Sector Industrial and Institutional

Major Players

Indonesia Concrete Admixtures Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Indonesia Concrete Admixtures Market Analysis

The Indonesia Concrete Admixtures Market size is estimated at 110.58 million USD in 2024, and is expected to reach 165.77 million USD by 2030, growing at a CAGR of 6.98% during the forecast period (2024-2030).

110.58 Million

Market Size in 2024 (USD)

165.77 Million

Market Size in 2030 (USD)

2.84 %

CAGR (2018-2023)

6.98 %

CAGR (2024-2030)

Largest Market by Sub Product

61.87 %

value share, Water Reducer (Plasticizer), 2023

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Strict government regulations on water consumption, specifically for residential and industrial construction, have supported the demand for water reducers in the country.

Fastest Market by Sub Product

7.34 %

Projected CAGR, Retarder, 2024-2030

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With the high temperatures and rising global warming affecting the setting time of concrete, the demand for retarders is expected to witness the fastest growth during the forecast period.

Largest Market by End Use Sector

31.91 %

value share, Residential, 2023

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Due to the increasing usage of water reducers, retarders, and other admixtures to build high-quality and durable homes, apartments, etc., the residential sector held the largest share.

Fastest Market by End Use Sector

7.92 %

Projected CAGR, Industrial and Institutional, 2024-2030

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The industrial and institutional sectors are expected to grow the fastest due to government incentives for manufacturing and growing demand for healthcare and educational hubs.

Leading Company

28.25 %

market share, Sika AG, 2022

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The company's broad range of high-quality products, well-established network in the country, robust supply chain, and strategic expansions and acquisitions in the construction industry make it a major player in the market.

Rise in demand for housing units is likely to drive the demand for concrete admixtures

  • Indonesia's concrete admixtures consumption value witnessed a growth of 1.73% by value in 2022 compared to the previous year due to increasing demand from the industrial, institutional, and residential construction sectors. In 2023, concrete admixtures were estimated to account for around 12.14% of the total consumption of the Indonesian construction chemicals market.
  • The residential sector is the country’s largest consumer of concrete admixtures, which accounted for around 31.4% in 2022. The growing urbanization and economic boost from government initiatives and foreign and domestic investments are directly and indirectly pushing the country's housing needs, which would increase residential building construction in the long run. For instance, the Government of Indonesia (GOI) intends to construct around 1 million housing units by 2025, with the country's housing requirements estimated to reach 30 million units. As a result, the country’s concrete admixtures for the sector are projected to increase by USD 21.24 million in 2030 as compared to 2023.
  • The country’s industrial and institutional sector is expected to be the fastest-growing consumer of concrete admixtures, with the highest CAGR of 7.86% during the forecast period. The industrial and institutional new floor area in the country is projected to reach 633 million sq. ft in 2030 from 420 million sq. ft in 2023, owing to increased investment in the construction of industrial and healthcare sectors. As a result, the country’s concrete admixtures for the sector are projected to reach USD 50.85 million in 2030 from USD 29.94 million in 2023.
Indonesia Concrete Admixtures Market

Indonesia Concrete Admixtures Industry Segmentation

Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Accelerator, Air Entraining Admixture, High Range Water Reducer (Super Plasticizer), Retarder, Shrinkage Reducing Admixture, Viscosity Modifier, Water Reducer (Plasticizer) are covered as segments by Sub Product.

  • Indonesia's concrete admixtures consumption value witnessed a growth of 1.73% by value in 2022 compared to the previous year due to increasing demand from the industrial, institutional, and residential construction sectors. In 2023, concrete admixtures were estimated to account for around 12.14% of the total consumption of the Indonesian construction chemicals market.
  • The residential sector is the country’s largest consumer of concrete admixtures, which accounted for around 31.4% in 2022. The growing urbanization and economic boost from government initiatives and foreign and domestic investments are directly and indirectly pushing the country's housing needs, which would increase residential building construction in the long run. For instance, the Government of Indonesia (GOI) intends to construct around 1 million housing units by 2025, with the country's housing requirements estimated to reach 30 million units. As a result, the country’s concrete admixtures for the sector are projected to increase by USD 21.24 million in 2030 as compared to 2023.
  • The country’s industrial and institutional sector is expected to be the fastest-growing consumer of concrete admixtures, with the highest CAGR of 7.86% during the forecast period. The industrial and institutional new floor area in the country is projected to reach 633 million sq. ft in 2030 from 420 million sq. ft in 2023, owing to increased investment in the construction of industrial and healthcare sectors. As a result, the country’s concrete admixtures for the sector are projected to reach USD 50.85 million in 2030 from USD 29.94 million in 2023.
End Use Sector
Commercial
Industrial and Institutional
Infrastructure
Residential
Sub Product
Accelerator
Air Entraining Admixture
High Range Water Reducer (Super Plasticizer)
Retarder
Shrinkage Reducing Admixture
Viscosity Modifier
Water Reducer (Plasticizer)
Other Types
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Indonesia Concrete Admixtures Market Size Summary

The Indonesia Concrete Admixtures Market is experiencing a robust expansion, driven by increasing demand across various construction sectors, including residential, industrial, and institutional. The residential sector remains the largest consumer, fueled by rapid urbanization and government initiatives aimed at boosting housing construction. The government's plan to construct a significant number of housing units by 2025, alongside the growing need for urban housing, is expected to substantially increase the demand for concrete admixtures in this sector. Meanwhile, the industrial and institutional sectors are projected to be the fastest-growing consumers, with substantial investments in industrial and healthcare infrastructure contributing to this growth. The market's expansion is further supported by a rebound in commercial construction activities, driven by foreign direct investment and the need for new commercial spaces.

The market landscape is moderately consolidated, with major players like Fosroc, Inc., Kao Corporation, MAPEI S.p.A., MBCC Group, and Sika AG holding significant market shares. Recent strategic acquisitions, such as Sika's acquisition of the MBCC Group and Saint-Gobain's acquisition of GCP Applied Technologies Inc., highlight the ongoing consolidation and expansion efforts within the industry. These developments, along with the introduction of innovative products by companies like RPM International Inc.'s Euclid Chemical, underscore the dynamic nature of the market. As the demand for concrete admixtures continues to rise, driven by both residential and commercial construction needs, the market is poised for sustained growth in the coming years.

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Indonesia Concrete Admixtures Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)

    1. 1.1 End Use Sector

      1. 1.1.1 Commercial

      2. 1.1.2 Industrial and Institutional

      3. 1.1.3 Infrastructure

      4. 1.1.4 Residential

    2. 1.2 Sub Product

      1. 1.2.1 Accelerator

      2. 1.2.2 Air Entraining Admixture

      3. 1.2.3 High Range Water Reducer (Super Plasticizer)

      4. 1.2.4 Retarder

      5. 1.2.5 Shrinkage Reducing Admixture

      6. 1.2.6 Viscosity Modifier

      7. 1.2.7 Water Reducer (Plasticizer)

      8. 1.2.8 Other Types

Indonesia Concrete Admixtures Market Size FAQs

The Indonesia Concrete Admixtures Market size is expected to reach USD 110.58 million in 2024 and grow at a CAGR of 6.98% to reach USD 165.77 million by 2030.

In 2024, the Indonesia Concrete Admixtures Market size is expected to reach USD 110.58 million.

Indonesia Concrete Admixtures Market Report Snapshots

Indonesia Concrete Admixtures Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030