Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The Asia-Pacific (APAC) Concrete Admixtures Market is shaped by a combination of factors that collectively influence its dynamics and growth. One of the primary drivers fueling this market is the extensive infrastructure development across the region. As many APAC countries experience rapid urbanization and industrialization, there is a heightened demand for advanced concrete solutions that enhance performance, durability, and sustainability. Concrete admixtures, including plasticizers, accelerators, retarders, and superplasticizers, play a crucial role in improving the workability, strength, and durability of concrete, addressing the diverse needs of infrastructure projects.
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).
Changing construction practices and methods contribute significantly to the market dynamics of concrete admixtures in the APAC region. With a shift toward more sophisticated and efficient construction practices, the use of admixtures has become integral to achieving the desired concrete properties. The adoption of advanced construction techniques, such as high-performance concrete (HPC) and self-consolidating concrete (SCC), further drives the demand for specialized admixtures that optimize concrete performance and facilitate construction efficiency.
Government initiatives and investments in infrastructure development are key factors influencing the APAC Concrete Admixtures Market. Many APAC governments are actively promoting large-scale infrastructure projects, including roads, bridges, airports, and residential developments, to support economic growth and urban expansion. Policies and investments that prioritize sustainable and high-performance construction materials contribute to the increasing demand for concrete admixtures in the region.
The emphasis on sustainability and environmental considerations significantly impacts the market dynamics of concrete admixtures in the APAC region. With a growing awareness of environmental impact, there is a heightened demand for eco-friendly and energy-efficient construction solutions. Admixtures that enhance the durability and longevity of concrete structures contribute to sustainable construction practices, aligning with the region's broader goals of green and resilient infrastructure.
Technological advancements in concrete admixtures play a crucial role in shaping the market landscape. Ongoing research and development efforts lead to innovations in admixture formulations, resulting in products that offer superior performance, versatility, and compatibility with various concrete mixes. The development of specialty admixtures, such as corrosion inhibitors, shrinkage reducers, and air-entraining agents, addresses specific challenges faced in diverse construction applications across the APAC region.
Market factors are also influenced by the demand for high-quality and aesthetically pleasing concrete structures. As urbanization leads to the construction of architectural landmarks, commercial buildings, and residential complexes, there is a growing demand for concrete that not only meets structural requirements but also provides design flexibility and aesthetic appeal. Admixtures that enhance surface finishes, color variations, and formwork release properties contribute to the creation of visually appealing concrete structures.
Economic conditions and construction industry trends impact the APAC Concrete Admixtures Market. As the region experiences economic growth and increased construction activities, there is a corresponding demand for high-performance concrete solutions. The construction industry's focus on cost-effective and time-efficient projects further drives the adoption of concrete admixtures that enhance workability, reduce construction time, and improve overall project economics.
Consumer awareness and education also play a role in shaping market dynamics. As contractors, engineers, and developers become more informed about the benefits of concrete admixtures, there is a growing acceptance and integration of these products into construction practices. Manufacturers and suppliers that effectively communicate the advantages of using admixtures in concrete construction are likely to gain traction in the APAC market.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 9.8 Billion |
| Market Size Value In 2023 | USD 10.51 Billion |
| Growth Rate | 7.30% (2023-2032) |
APAC Concrete Admixtures Market Highlights:
APAC Concrete Admixtures Market Overview
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
Concrete Admixtures Market Trends
-
Increasing number of residential builders are using concrete admixtures to accelerate market growth
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.
Concrete Admixtures Market Segment Insights
Concrete Admixtures Function Insights
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.
Concrete Admixtures Application Insights
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
Concrete Admixtures Regional Insights
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
Concrete Admixtures Key Market Players & Competitive Insights
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.
Key Companies in the concrete admixtures market include
-
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
-
Concrete Admixtures Market Segmentation
Concrete Admixtures Function Outlook
-
Water Reducer (plasticizers)
-
Retarder
-
Accelerator
-
Air-Entraining Admixture
-
Viscosity Modifier
-
Shrinkage-reducing Admixture
-
High-range Water Reducer (superplasticizer)
-
Other Functions
Concrete Admixtures Application Outlook
-
Construction Sector
-
Commercial
-
Residential
-
Infrastructure
-
Industrial and Institutional
Concrete Admixtures Regional Outlook
-
Asia-Pacific
-
China
-
Japan
-
India
-
Australia
-
South Korea
-
Australia
-
Rest of Asia-Pacific
-
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
