APAC Concrete Admixtures Market Size was valued at USD 9.8 Billion in 2022. The concrete admixtures industry is projected to grow from USD 10.51 Billion in 2023 to USD 18.476 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.30% during the forecast period (2023 - 2032). The primary market drivers of the market under investigation are the robust construction activity in emerging nations and the growing demand for concrete admixture from the residential construction sector.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Properties of concrete admixtures include better workability, durability, improved pumpability, and higher quality of concrete. The market for concrete admixtures is anticipated to be driven during the projected period by the growing residential construction activity in the Asia-Pacific region. In order to advance development, investors and developers now have a significant chance to accept new collaborations and alternative building techniques due to the expanding population and housing necessity. To enhance collaboration and concentrate on regional infrastructure development initiatives, India, the US, Israel, and the UAE formed a new quadrilateral economic forum in November 2021. In addition, the Indian government has been actively promoting the building of homes with the goal of housing 1.3 billion people. Over the next six to seven years, the nation is expected to see roughly USD 1.3 trillion invested in housing, and 60 million new homes will likely be built, which is expected to be a major driver of growth for the market CAGR.
Due to the increased need for plasticizers for a variety of applications in commercial, residential, and industrial structures, this industry is expanding quickly. Super and regular plasticizers are two types of plasticizers that are frequently composed of calcium, sodium, and ammonium lignosulphonates. They offer excellent strength, endurance, and a strong link between steel and concrete, making them perfect for removing water from concrete. Additionally, adding water enhances the workability of the concrete, but adding too much water weakens the material's strength and durability. As a result, more plasticizers are needed throughout the concrete production. Therefore, the use of concrete admixtures will increase in response to the growing demand for plasticizers. Thus, driving the concrete admixtures market revenue.
The APAC Concrete Admixtures market segmentation, based on function includes Water Reducer (Plasticizers), Retarder, Accelerator, Air-Entraining Admixture, Viscosity Modifier, Shrinkage-reducing Admixture, High-range Water Reducer (Superplasticizer), and Other Functions. The high-range water reducer (superplasticizer) category led the market in 2022. Superplasticizers, sometimes referred to as high-range water reducers, are substances that make concrete easier to work with by facilitating a smoother flow of the material without the need for extra water. The growing urban population and the need for strong, long-lasting structures have led to a strong demand for high-performance concrete.
The APAC Concrete Admixtures market segmentation, based on application, includes Construction Sector, Commercial, Residential, Infrastructure, and Industrial and Institutional. The residential category generated the most income. The growing tendency of the nuclear family and rising disposable income of consumers have led to a strong demand for residential real estate. As a result, this will support the expansion of the concrete admixtures industry overall. Furthermore, investments in residential construction are a means of financing new building construction, purchase costs associated with newly constructed buildings, and refurbishment projects for individuals, organizations, and regulatory agencies.
Figure 1: APAC Concrete Admixtures Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The APAC concrete admixtures market is growing rapidly over the forecast period because the region has a large manufacturing capacity for these admixtures and a significant degree of industrialization and construction activity. A significant portion of small- and medium-sized manufacturers, particularly those in China, are also the dominant industry in APAC. Investments in the manufacturing, building, and repair sectors will rise with a robust revival and enhancement of industrialization in the growing markets of Vietnam, Indonesia, China, India, and Thailand. Additionally predicted to fuel market expansion in this region are increased rates of urbanization and disposable income. Furthermore, the market is expanding due to the region's expanding population. Nearly 4.3 billion people live in the Asia and Pacific region, which is home to China and India, the two most populous nations in the world. In this region live almost 60% of the world's population.
Figure 2: APAC CONCRETE ADMIXTURES MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the concrete admixtures market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, concrete admixtures industry must offer cost-effective items.
CEMEX S.A.B de C.V.
CICO Group
Euclid Chemical
Fosroc International
Ha-Be Concrete Chemicals GmbH.
MAPEI S.p.A
Pidilite Industries Ltd.
RPM International Inc.
Saint-Gobain
Water Reducer (plasticizers)
Retarder
Accelerator
Air-Entraining Admixture
Viscosity Modifier
Shrinkage-reducing Admixture
High-range Water Reducer (superplasticizer)
Other Functions
Construction Sector
Commercial
Residential
Infrastructure
Industrial and Institutional
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 9.8 Billion |
| Market Size 2023 | USD 10.51 Billion |
| Market Size 2032 | USD 18.476 Billion |
| Compound Annual Growth Rate (CAGR) | 7.30% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Function, Application, and Region |
| Region Covered | APAC |
| Countries Covered | China, Japan, India, Australia, South Korea |
| Key Companies Profiled | CEMEX S.A.B de C.V., CICO Group, Euclid Chemical, Fosroc International, GCP Applied Technologies Inc., Ha-Be Concrete Chemicals GmbH., MAPEI S.p.A, Pidilite Industries Ltd., RPM International Inc., Saint-Gobain and Sika AG |
| Key Market Opportunities | High Demand in Emerging Nations for Concrete Admixture |
| Key Market Dynamics | Increasing Need for Concrete admixtures in Residential Building to Accelerate Market Growth |
APAC Concrete Admixtures Market Highlights:
Frequently Asked Questions (FAQ) :
The APAC Concrete Admixtures market size was valued at USD 9.8 Billion in 2022.
The market is projected to grow at a CAGR of 7.30% during the forecast period, 2023-2032.
The key players in the market are CEMEX S.A.B de C.V., CICO Group, Euclid Chemical, Fosroc International, GCP Applied Technologies Inc., Ha-Be Concrete Chemicals GmbH., MAPEI S.p.A, Pidilite Industries Ltd., RPM International Inc., Saint-Gobain and Sika AG.
The residential category dominated the market in 2022.
The high-range water reducer (superplasticizer) category had the largest share in the market.
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