Sika Targets Growth from China Renovation Market and Data Centers

Swiss chemical company Sika is focusing on China's renovation market and global data center construction as part of its growth strategy. The company aims to increase its revenues by capitalizing on rising demand in these areas. In particular, the renovation and modernization of existing buildings in China is seen as a significant market opportunity for Sika. Sika notes that demand for its specialized chemical products used in data center construction is increasing globally. The proliferation of digitalization and cloud computing services is accelerating the construction of new data centers, while existing facilities also require expansion. This sustains demand for Sika's products in areas such as waterproofing, flooring, and structural reinforcement. Company officials highlight the growth potential of China's renovation market. Government incentives for renovating aging buildings and improving energy efficiency in the country support Sika's sales in this market. Additionally, with the rising urbanization rate in China, the need for renovation of residential and commercial buildings is expected to increase. Sika also sees growth opportunities in the global data center market. The number of new data center projects is increasing, particularly in the Asia-Pacific and North America regions. The company plans to participate in these projects with its specialized products for fire safety, insulation, and structural durability. This strategy will contribute to Sika achieving its growth targets set for 2025. This is not investment advice.