Asia-Pacific Concrete Admixtures Market Size to Grow At 7% CAGR From 2023 to 2030

GLOBAL ASIA-PACIFIC CONCRETE ADMIXTURES MARKET (2023 -2030)

As per our research report, the Asia-Pacific Concrete Admixtures Market size is estimated to be growing at a CAGR of 7% from 2023 to 2030.

The COVID-19 pandemic has affected the Concrete admixtures market. It led to restrictions in many venues to prevent the virus from spreading. Lockdowns, social isolation, and restrictions on movement were announced in every country. The supply chain, manufacturing schedules, logistics, and import-export commerce were all interrupted, causing economic downfall. Businesses experienced approximately 85% of supply chain interruptions. There were also very less residential and commercial construction activities being carried out which caused losses for the industry. Due to Covid-19, many workers lost their jobs and had to move back to their hometowns. Shortage of raw materials slowed the execution process. However, after the epidemic, the business is recovering, with regulatory relaxations and lockdowns being lifted many workers who left are going back to continue their work.

New projects to construct and improve infrastructures like bridges, railways, airports, and highways have provided this market with several opportunities. Progress in the economy and development in urban areas has helped in the development of the country. Self-healing concrete is being experimented with where bacteria are induced in concrete mixtures to fill any voids that occur due to friction, moisture, rainfall, etc. Manufacturing processes and designs are being alerted to generate more revenue. Government involvement through rules, actions, and investments helps in the progress. Improvements and innovations in high-performance materials are being taken into consideration.

Eco-friendly concrete admixtures can reduce the embodied carbon of concrete because admixtures are used to increase workability and reduce the water/cement ratio hence it increases strength and reduces the permeability of hardened concrete, without increasing the cement ratio. Additionally, they increase fluidity, Moreover, due to optimized mix design, they decrease embodied carbon dioxide and energy by enhancing the effectiveness of the cement component. All these factors play a critical role in making eco-friendly concrete admixtures for construction purposes

Concrete Admixtures are extremely beneficial for the construction industry due to their high workability, high compressive strength, durability, watertight, wear resistance, accelerated setting & hardening thereby producing high early strength, imparting water-repellent/waterproofing properties, and high finish for complex modern structures, which is expected to increase the demand of concrete admixture market. Moreover, the demand for plasticizers from the construction industry is also increasing in the market. Furthermore, investments and schemes from various Governmental bodies constantly improve the texture which helps in the market growth.

In 2022, Euclid Chemicals launched three concrete admixtures to the world of concrete, the largest event in the concrete industry for the building profession. The three concrete admixtures are - EUCOSHEILD, Eucon Eco-Strength, and Eucon AM-10L. In 2023, CEMEX, S.A.B. de C.V announced the launch of bio-sourced admixtures which are designed for a reduced carbon footprint. This admixture uses natural, renewable raw materials and may achieve a carbon footprint up to 70% lower than traditional oil-based admixtures.

KEY MARKET INSIGHTS:

• Based on the type, superplasticizers are the largest segment in the market. This segment holds a share of 42.8% in this market. Superplasticizers, also known as high-range water reducers, are chemicals that make concrete more workable by allowing it to flow more easily without adding extra water. Waterproofing concrete admixtures are the fastest growing segment with water resistance, efficiency, consumer demand, durability, protection against corrosion, and reduced cracking. It holds a share of around 23% of the market.
• Based on the End User, the residential segment was the largest end user in the market with around 40% share. And the fastest growing segment is the industrial. Because of the E-commerce expansion, an increase in manufacturing activities, logistics, supply chain factories, warehouses, and other storage facilities. It holds around 30% share in this market.
• Based on the Countries, China is the largest growing segment in the market. This is due to population, economy, infrastructure, investments, and the presence of companies, green buildings, and technological advancements. China has a share of around 31%. In 2022 China's five-year plan unveiled that the construction industry will be estimated to grow approximately by 5%. India is one of the fastest-growing regions in this market. This is due to the increase in the development of smart cities, sustainable buildings, Government involvement, population, urbanization, economy, commercial and industrial requirements, and reconstruction of residential property. India holds around 25% share.
• Companies playing a leading role in the Asia-Pacific Concrete Admixtures Market profiled in this report are CICO Technologies Ltd, Beijing Jiankai Concrete Additive, Mapei Asia Ltd, Tata Chemicals Ltd, Fosroc, Shandong Wanshan Chemical Co., Ltd, Sika AG, Nuclear Technologies Pvt. Ltd, and Kao Industrial, Denka Company Limited.

Asia-Pacific Concrete Admixtures Market Segmentation:

By Type:

• Superplasticizers
• Normal Plasticizers
• Accelerating Agents
• Waterproofing
• Retarding Agents
• Air entraining agents

By End User:

• Residential
• Commercial
• Industrial

By Countries:

• China
• Japan
• South Korea
• India
• Australia & New Zealand
• Rest of Asia-Pacific

Request Free Sample Of GLOBAL ASIA-PACIFIC CONCRETE ADMIXTURES MARKET : https://virtuemarketresearch.com/report/asia-pacific-concrete-admixtures-market/request-sample