Asia Pacific Concrete Admixtures Market size surpassed USD 9.22 billion in 2020 and is anticipated to expand at a CAGR of 7% from 2021 to 2027. Rising urbanization coupled with increasing construction spending by the governments of developing economies to improve rail networks, bridges, roads, residential areas, etc., will have a positive impact on the market revenue.

The need to conserve natural resources, such as water, has led to the development of advanced construction chemicals, such as admixtures, which possess excellent properties including durability, improved workability, and reduced water/cement ratio. A surge in the budding construction industry in China and India will fuel the market demand. The region has implemented strict regulations to endorse sustainable construction practices, which are expected to reduce greenhouse gas releases and enhance energy efficiency.

Furthermore, Asia Pacific is projected to be a major concrete admixtures market due to the high degree of industrialization & construction activities and the presence of huge production capability of these admixtures in the region. APAC is also dominated by large number of small and medium-scale manufacturers, especially in China. A strong improvement and retrieval of industrialization in the emerging markets of India, China, Vietnam, Indonesia, and Thailand will enhance investments in the construction, manufacturing, and restoration industries.

Asia Pacific Market, By Product

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Water reducers accounted for over 50% Asia Pacific concrete admixtures market share in 2020 and are expected to gain 55% revenue share by 2027 due to their growing usage in various application sectors. Water-reducing concrete admixtures hold the largest share due to their ability to obtain specific concrete strength using lower cement content. Reduced cement content provides minimum energy usage and low CO₂ release per volume of concrete manufactured. In addition, concrete admixtures are a crucial component for improved durability, better workability, retardation or acceleration of setting time, lower water-cement ratio, etc., therefore is hugely favored in the construction industry.
 

Asia Pacific Market, By Application

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The residential segment contributed around 40% market share in 2020 and will likely grow at 7% CAGR through 2027 owing to the rising construction of private homes, apartments, and high-rises in Asia Pacific. Investments in residential construction represent the expenditure value for individuals, regulatory bodies, and enterprises in the construction of new buildings, the acquisition costs related to new buildings erected and renovation activities. The region has been witnessing a sudden spurt in the number of people living in cities and urban centers. This has led to a severe lack of accommodation and lodging in several nations, resulting in the erection of new buildings for residential purposes.

Competitive Industry Landscape

Key participants active in the Asia Pacific concrete admixtures market are BASF SE, Cementaid (UK), Sika AG, Denka Company Limited, Fosroc, GCP Applied Technologies, Ha-Be Betonchemie, Krishna Colours & Constchem, Cormix International Limited, MAPEI, CEMEX Group, RPM International, Beijing Jiankai Concrete Additive, CICO Group, Arkema, etc.