APAC Concrete Admixture Market size is projected to cross USD 14.32 billion by 2027, according to a latest forecast report by Graphical Research.
A strong rate of urbanization is observed across the globe, which is mainly attributed to the economic boost in emerging economies. This has resulted in rising socio-economic factors or consumer spending power, especially in Asia Pacific. Urbanization levels are mainly impacted by migration and natural population increase in the regions. Migration is the movement of population from one area to other; for instance, rural to urban, i.e., the movement of people from the countryside to city areas. With the rising movement of people to cities, there is a solid need to increase residential houses, which is likely to have a positive influence on the construction industry, thereby significantly impacting concrete admixture demand in the coming years.
In Asia Pacific, around 45% population live in urban areas, whereas almost 55% of the population live in rural areas. This is anticipated to rise in the forthcoming years with growing employment opportunities from various end-user sectors and population migration from rural to city areas.
Browse detailed statistical insights from the report, “Asia Pacific Concrete Admixtures Market Forecast 2027 By Application (Residential, Non-residential, Commercial), By Product (Superplasticizers, Accelerators, Retarders, Water Reducers, Air Entraining Mixture, Fly Ash, Silicate Fume, Plasticizers, Synthetic CSH), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
Nevertheless, concrete admixture prices are on the rise with escalating freight and logistics costs along with rising raw material costs for basic & intermediate chemicals. Due to these factors, key market players in the region have hiked the prices of their concrete admixtures.
Superplasticizers are likely to grow at a CAGR of 7% during the forecast timeframe. The key purpose of utilizing superplasticizers is to create smooth concrete with an elevated slump on a scale of seven to nine inches. This concrete is used in profoundly reinforced constructions and in locations where suitable consolidation through vibration cannot be readily accomplished. Superplasticizers enhance the workability of concretes. Owing to their versatile applications in different end-user industries, demand for superplasticizers is expected to increase at a significant growth rate compared to other concrete admixtures by 2027.
Considering the application trends, the commercial sector in 2020 garnered a considerable market share of more than 30%. Growing commercial structures, such as shopping malls, restaurants, hypermarkets, roads, airports, manufacturing facilities & warehouses, fueled by growing migration are major growth factors in the APAC commercial application segment. The availability of high-class infrastructure has driven many manufacturing units of concrete admixtures, positively impacting the product demand in Asia Pacific.
The market for concrete admixture in APAC research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Product
- Water reducers
- Air entraining mixture
- Fly ash
- Silicate fume
- Synthetic CSH
Asia Pacific Market, By Application
The above information has been provided for the following countries:
- Asia Pacific