Asia-Pacific Concrete Admixtures Market Size (2024-2030)

The Asia-Pacific Concrete Admixtures Market was valued at USD 12.31 billion and is projected to reach a market size of USD 19.77 billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 7%. 

Concrete Admixtures has experienced substantial growth over the years. In the past basic mixtures were used for construction purposes. However, with technological advancements, R&D activities, a growing economy, customizations, and advanced materials, this market is seeing significant improvements. In the future, focus on sustainable materials and market maturation will have a positive outcome. During the forecast period, this market will see notable growth.

Key Market Insights:

According to the survey, 66% of construction companies in India are prioritizing digital transformation. 

According to the United Nations, Asia had the highest urbanization rate in the world, with over 50% of the population living in urban areas by 2020.  

In Australia, for example, over 40% of new residential buildings in 2020 were certified as energy-efficient under the Green Building Council of Australia's Green Star rating system.

China has been one of the world's largest investors in renewable energy, with annual investments in the range of $100 billion to $150 billion in recent years.

A survey by the Asia Business Council in 2021 found that labor shortages were one of the top challenges facing the construction industry in Asia, with 61% of respondents citing it as a significant issue. To bridge this gap more opportunities and Governmental initiatives are being prioritized.

Asia-Pacific Concrete Admixtures Market Drivers:

Rising demand for infrastructure development is the main factor driving the market growth.

Concrete Admixtures are extremely beneficial for the construction industry due to the advantages they offer. Admixtures offer high workability, high compressive strength, durability, watertight, wear resistance, accelerated setting & hardening thereby producing high early strength, aiding curing, imparting water-repellent/waterproofing properties, and high finish for complex modern structures, which is expected to drive the demand of concrete admixture market. Moreover, the demand for plasticizers from the construction industry is helping progress. Furthermore, investments and schemes from various Governmental bodies to constantly improve the grade as well as texture are helping in the generation of profits.

Awareness of sustainability and other environmental regulations is fueling the expansion.

Stricter rules & and regulations regarding construction materials and equipment have been imposed in many Asia Pacific regions. This has caused an upsurge in eco-friendly materials or those which have a lesser environmental impact. Eco-friendly concrete admixtures reduce the embodied carbon of concrete because admixtures are used to both increase workability and reduce the water/cement ratio and hence increase strength and reduce the permeability of hardened concrete, without increasing cement content. Additionally, they increased fluidity, thereby lowering noise and energy requirements during placing. 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 incorporating eco-friendly concrete admixtures for construction purposes

Asia-Pacific Concrete Admixtures Market Restraints and Challenges:

Adherence to rules & regulations, associated costs, environmental and health consequences, and technological barriers are the main concerns of the market.

Meeting regulatory compliance and standards is one of the major issues. This can be neglected by a few companies due to the complications involved. Secondly, price variation can demotivate the companies. Additionally, eco-friendly concrete admixtures require pretty high investments. Thirdly, emissions release significant amounts of carbon dioxide. Air, soil, and water pollution are the other consequences. These can affect humans as they are categorized under irritants. Furthermore, staying up to date with technological advancements needs training and time which can be a restraint.

Asia-Pacific Concrete Admixtures Market Opportunities:

The ongoing projects to construct and improve infrastructures like bridges, railways, airports, and highways have provided the market with an ample number of opportunities. Progress in economy and urban development has helped in propelling the enlargement. Increased R&D activities to develop sustainable materials are helping in the growth. Additionally, the concept of self-healing concrete is being experimented with where bacteria is induced in concrete mixtures to fill any voids that occur due to stress, moisture, rainfall, etc. Moreover, manufacturing processes and designs are being alerted to generate more revenue. Furthermore, Government involvement through rules, actions, and investments are helping in the progress. Improvements and innovations in high-performance materials are being undertaken.

ASIA-PACIFIC CONCRETE ADMIXTURES MARKET REPORT COVERAGE:

Asia-Pacific Concrete Admixtures Market Segmentation:

Asia-Pacific Concrete Admixtures  Market Segmentation: By Type:

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

Based on type, superplasticizers are the largest growing segment. They hold 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 the addition of extra water. They have properties like enhanced strength, durability, improved finish, reduced cracking, reduced water-cement ratio, and high performance. Superplasticizers enable the production of such high-strength, workable concrete, which is excellent for complex structures and high-rise buildings seen in many Asian Pacific cities. Waterproofing concrete admixtures are the fastest growing segment owing to lifespan, water resistance, efficiency, consumer demand, durability, protection against corrosion, and reduced cracking. They hold a share of around 23% in the market.

Asia-Pacific Concrete Admixtures  Market Segmentation: By End User:

• Residential
• Commercial
• Industrial

Based on end users, the residential segment was the largest growing end user. It has a share of around 40%. As per a report, it is expected to grow at a CAGR of 7% by 2027. Due to rapid urbanization, changes in lifestyle, preference, interest in renovations, and popular growth this segment has witnessed a significant success.  The industrial segment is the fastest growing. This is due to E-commerce expansion, an increase in manufacturing activities, logistics, supply chain factories, warehouses, and other cold storage facilities. They hold a total share of around 30% in this market.

Asia-Pacific Concrete Admixtures  Market Segmentation: By Countries:

• China
• Japan
• India
• Rest of Asia-Pacific

Based on regions, China is the largest growing segment. This is due to populations, economy, need for infrastructure, demand, investments, presence of companies, green buildings, and technological advancements. This region has a share of around 31%. India is one of the fastest-growing regions. This is due to the rise in the development of smart cities, sustainable buildings, Government involvement, growing population, urbanization, developing economy, increasing commercial and industrial requirements, and demand to reconstruct residential property. It holds a total share of around 25%.

COVID-19 Impact Analysis on the Asia-Pacific Concrete Admixtures Market:

The pandemic had a negative influence on the market. It led to stronger restrictions in practically every venue to prevent the virus from spreading. Lockdowns, social isolation, and restrictions on movement became the new normal. The supply chain, manufacturing schedules, logistics, and import-export commerce were all disrupted, causing an economic downturn. Approximately 85% of businesses experienced supply chain interruptions. There were very less residential and commercial construction activities being carried out which caused losses for the industry. Furthermore, a shortage of personnel slowed the execution process. However, in the aftermath of the epidemic, the business is gradually recovering, with regulatory relaxations and lockdowns being lifted.

Latest Trends/ Developments:

The companies in this market are motivated to achieve a higher market share by implementing different strategies, such as acquisitions, partnerships, and investments. Companies are also spending heftily to improve existing formulations alongside maintaining competitive pricing. This has further resulted in increased government engagement and further enlargement.

Desire to develop greener alternatives, high-performance concrete admixtures, IoT integration to analyze physical and structural properties, and development of nanotechnological materials are being given priority to benefit research and construction industries. Furthermore, R&D projects to enhance human knowledge are being prioritized.

Key Players:

1. CICO Technologies Ltd
2. Tata Chemicals Ltd
3. Shandong Wanshan Chemical Co., Ltd
4. Fuclear Technologies Pvt. Ltd
5. Fosroc
6. Sika AG
7. Mapei Asia Ltd
8. Denka Company Limited
9. Kao Industrial
10. Beijing Jiankai Concrete Additive

In November 2020, China authorized a $5.7 billion high-speed rail project to connect Chengdu, Sichuan province's capital, with Chongqing.

In May 2020, India continued to invest in infrastructure projects such as motorways, trains, airports, and metro systems. Infrastructure development was a primary focal area for the government's "Atmanirbhar Bharat" (Self-Reliant India) project.