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Asia-Pacific Concrete Admixtures Market Size

The Asia-Pacific concrete admixtures market is poised for significant growth, driven by increasing demand from the infrastructure and residential construction sectors. The market's expansion is fueled by substantial investments in infrastructure projects across the region, with the infrastructure sector being the largest consumer of concrete admixtures. Additionally, the residential sector is expected to experience the fastest growth, spurred by urbanization and government initiatives. Despite a decline in 2022 due to external challenges, the market is set to recover and expand, with China holding the largest market share.

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Market Size of asia-pacific concrete admixtures Industry

Asia-Pacific Concrete Admixtures Market Summary
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svg icon Study Period 2018 - 2030
svg icon Market Size (2024) USD 5.02 Billion
svg icon Market Size (2030) USD 7.39 Billion
svg icon Largest Share by End Use Sector Infrastructure
svg icon CAGR (2024 - 2030) 6.68 %
svg icon Largest Share by Country China
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Asia-Pacific Concrete Admixtures Market Analysis

The Asia-Pacific Concrete Admixtures Market size is estimated at 5.02 billion USD in 2024, and is expected to reach 7.39 billion USD by 2030, growing at a CAGR of 6.68% during the forecast period (2024-2030).

5.02 Billion

Market Size in 2024 (USD)

7.39 Billion

Market Size in 2030 (USD)

3.12 %

CAGR (2018-2023)

6.68 %

CAGR (2024-2030)

Largest Market by Sub Product

37.87 %

value share, Water Reducer (Plasticizer), 2023

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Strict government regulations on water consumption, specifically for residential and industrial construction, have supported the demand for water reducers across the region.

Largest Market by End Use Sector

35.67 %

value share, Infrastructure, 2023

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Due to significant growth and escalating demand for infrastructure in developing economies and increasing usage of concrete admixtures in major infrastructure projects, the infrastructure sector holds the largest share.

Largest Market by Country

66.74 %

value share, China, 2023

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With the continuous development of its provinces, followed by the construction of huge residential complexes, the demand for concrete admixture has increased, making China the largest consumer in the region.

Fastest Market by Country

6.98 %

Projected CAGR, Indonesia, 2024-2030

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Due to rapid growth in infrastructure spending and the growing consumption of construction chemicals in commercial construction, Indonesia is expected to register the fastest growth in the region.

Leading Company

10.34 %

market share, Sika AG, 2022

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The company's broad range of high-quality products, well-established regional network, robust supply chain, and strategic expansions and acquisitions in the construction industry make it a major player in the market.

The rise in infrastructure investment is expected to drive the demand for concrete admixtures

  • The consumption value of concrete admixtures in Asia-Pacific was expected to witness a growth of 5.35% by value in 2023 compared to the previous year due to increasing demand from infrastructure and residential construction sectors. In 2022, Asia-Pacific’s concrete admixtures accounted for around 33% of the global concrete admixtures market.
  • The infrastructure sector is the region’s largest consumer of concrete admixtures, which accounted for around 35% in 2022. The increase in investment for infrastructure projects in the region is projected to drive the demand for the infrastructure sector. For instance, India intends to invest around USD 4.5 trillion in infrastructure development by 2030. The infrastructure spending in the region is projected to increase by USD 240 billion in 2030 compared to 2023. As a result, the concrete admixtures for the sector are projected to grow by 57.47% in 2030 compared to 2023.
  • The region’s residential sector is expected to be the fastest-growing consumer of concrete admixtures, with the highest CAGR of 7.84% during the forecast period. The growing urbanization and economic boost from government initiatives and foreign and domestic investments are directly and indirectly pushing the region’s housing needs, which would increase residential building construction in the long run. For instance, the Government of Indonesia (GOI) intends to construct around 1 million housing units by 2025, with the country's housing requirements estimated to reach 30 million units. As a result, the region’s concrete admixtures for the sector are projected to reach USD 2.36 billion by 2030 from USD 1.39 billion in 2023.
Asia-Pacific Concrete Admixtures Market

The demand for concrete admixtures is expected to be high in Indonesia owing to the country's mega-construction projects

  • Concrete admixtures, such as water reducers, air entrainers, retarders, accelerators, and superplasticizers, are added to concrete before or during mixing to modify its properties. In 2022, the Asia-Pacific concrete admixtures market declined by 2.97% in value compared to 2021. The concrete admixtures in China took the worst hit among all Asia-Pacific countries and fell by 6.99% in value from 2021 to 2022. This can be attributed to the government's zero COVID policy that imposed fresh lockdowns and halted construction projects. In contrast, the Australian concrete admixtures market recorded the highest growth of 22.53% in value from 2021 to 2022, which was expected to continue as the country's concrete admixtures market was expected to grow by 7.54% in value from 2022 to 2023.
  • China's concrete admixtures market accounted for the largest market share of 67% by value in 2022. Among all end-use sectors for concrete admixtures, only infrastructure construction recorded a positive growth of 7.42% in value from 2021 to 2022, owing to the country's expenditure on public transport infrastructure, which reached USD 165.6 billion in 2022 compared to USD 157.6 billion in 2021.
  • Indonesia's concrete admixtures market is estimated to register the fastest CAGR of 7.06% in value during the forecast period. The government of Indonesia has announced numerous mega-construction projects that will likely promote the growth of the construction sector and increase the utilization of concrete admixtures in the country. This includes the USD 32 billion plan to relocate the country's capital city from Jakarta to Borneo Island by 2045, which involves the construction of several residential units, manufacturing facilities, power plants, infrastructure, etc.

Asia-Pacific Concrete Admixtures Industry Segmentation

Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Accelerator, Air Entraining Admixture, High Range Water Reducer (Super Plasticizer), Retarder, Shrinkage Reducing Admixture, Viscosity Modifier, Water Reducer (Plasticizer) are covered as segments by Sub Product. Australia, China, India, Indonesia, Japan, Malaysia, South Korea, Thailand, Vietnam are covered as segments by Country.

  • The consumption value of concrete admixtures in Asia-Pacific was expected to witness a growth of 5.35% by value in 2023 compared to the previous year due to increasing demand from infrastructure and residential construction sectors. In 2022, Asia-Pacific’s concrete admixtures accounted for around 33% of the global concrete admixtures market.
  • The infrastructure sector is the region’s largest consumer of concrete admixtures, which accounted for around 35% in 2022. The increase in investment for infrastructure projects in the region is projected to drive the demand for the infrastructure sector. For instance, India intends to invest around USD 4.5 trillion in infrastructure development by 2030. The infrastructure spending in the region is projected to increase by USD 240 billion in 2030 compared to 2023. As a result, the concrete admixtures for the sector are projected to grow by 57.47% in 2030 compared to 2023.
  • The region’s residential sector is expected to be the fastest-growing consumer of concrete admixtures, with the highest CAGR of 7.84% during the forecast period. The growing urbanization and economic boost from government initiatives and foreign and domestic investments are directly and indirectly pushing the region’s housing needs, which would increase residential building construction in the long run. For instance, the Government of Indonesia (GOI) intends to construct around 1 million housing units by 2025, with the country's housing requirements estimated to reach 30 million units. As a result, the region’s concrete admixtures for the sector are projected to reach USD 2.36 billion by 2030 from USD 1.39 billion in 2023.
End Use Sector
Commercial
Industrial and Institutional
Infrastructure
Residential
Sub Product
Accelerator
Air Entraining Admixture
High Range Water Reducer (Super Plasticizer)
Retarder
Shrinkage Reducing Admixture
Viscosity Modifier
Water Reducer (Plasticizer)
Other Types
Country
Australia
China
India
Indonesia
Japan
Malaysia
South Korea
Thailand
Vietnam
Rest of Asia-Pacific
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Asia-Pacific Concrete Admixtures Market Size Summary

The Asia-Pacific concrete admixtures market is poised for significant growth, driven by increasing demand from the infrastructure and residential construction sectors. The region's market is a substantial contributor to the global landscape, with a notable share in the concrete admixtures sector. The infrastructure sector remains the largest consumer, fueled by substantial investments in projects across countries like India, which plans to invest heavily in infrastructure development. Meanwhile, the residential sector is expected to experience the fastest growth, supported by urbanization and government initiatives aimed at boosting housing construction. This growth trajectory is further bolstered by the region's economic expansion and foreign investments, which are enhancing the demand for residential and commercial spaces.

The market landscape is characterized by a mix of challenges and opportunities, with varying performance across different countries. For instance, China's market faced setbacks due to stringent COVID-19 policies, while Australia saw robust growth. The region's commercial and residential construction sectors are rebounding, with significant increases in new floor areas driven by foreign direct investment and a surge in demand for retail and office spaces. The market is fragmented, with key players like Fosroc, Inc., Jiangsu Subote New Material Co., Ltd., Kao Corporation, MBCC Group, and Sika AG playing pivotal roles. Recent strategic moves, such as Sika AG's acquisition of the MBCC Group, highlight the dynamic nature of the market, as companies seek to expand their foothold and enhance their product offerings in response to the growing demand for concrete admixtures in the Asia-Pacific region.

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Asia-Pacific Concrete Admixtures Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)

    1. 1.1 End Use Sector

      1. 1.1.1 Commercial

      2. 1.1.2 Industrial and Institutional

      3. 1.1.3 Infrastructure

      4. 1.1.4 Residential

    2. 1.2 Sub Product

      1. 1.2.1 Accelerator

      2. 1.2.2 Air Entraining Admixture

      3. 1.2.3 High Range Water Reducer (Super Plasticizer)

      4. 1.2.4 Retarder

      5. 1.2.5 Shrinkage Reducing Admixture

      6. 1.2.6 Viscosity Modifier

      7. 1.2.7 Water Reducer (Plasticizer)

      8. 1.2.8 Other Types

    3. 1.3 Country

      1. 1.3.1 Australia

      2. 1.3.2 China

      3. 1.3.3 India

      4. 1.3.4 Indonesia

      5. 1.3.5 Japan

      6. 1.3.6 Malaysia

      7. 1.3.7 South Korea

      8. 1.3.8 Thailand

      9. 1.3.9 Vietnam

      10. 1.3.10 Rest of Asia-Pacific

Asia-Pacific Concrete Admixtures Market Size FAQs

The Asia-Pacific Concrete Admixtures Market size is expected to reach USD 5.02 billion in 2024 and grow at a CAGR of 6.68% to reach USD 7.39 billion by 2030.

In 2024, the Asia-Pacific Concrete Admixtures Market size is expected to reach USD 5.02 billion.

Asia-Pacific Concrete Admixtures Market Report Snapshots

Asia-Pacific Concrete Admixtures Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030