Market Size of asia-pacific concrete admixtures Industry
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2018 - 2030 |
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Market Size (2024) | USD 5.02 Billion |
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Market Size (2030) | USD 7.39 Billion |
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Largest Share by End Use Sector | Infrastructure |
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CAGR (2024 - 2030) | 6.68 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
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
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
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
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
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
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.
Understand The Key Trends Shaping This 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 |
Need A Different Region Or Segment?
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.
Asia-Pacific Concrete Admixtures Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)
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1.1 End Use Sector
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1.1.1 Commercial
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1.1.2 Industrial and Institutional
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1.1.3 Infrastructure
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1.1.4 Residential
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1.2 Sub Product
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1.2.1 Accelerator
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1.2.2 Air Entraining Admixture
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1.2.3 High Range Water Reducer (Super Plasticizer)
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1.2.4 Retarder
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1.2.5 Shrinkage Reducing Admixture
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1.2.6 Viscosity Modifier
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1.2.7 Water Reducer (Plasticizer)
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1.2.8 Other Types
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1.3 Country
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1.3.1 Australia
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1.3.2 China
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1.3.3 India
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1.3.4 Indonesia
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1.3.5 Japan
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1.3.6 Malaysia
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1.3.7 South Korea
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1.3.8 Thailand
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1.3.9 Vietnam
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1.3.10 Rest of Asia-Pacific
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Asia-Pacific Concrete Admixtures Market Size FAQs
How big is the Asia-Pacific Concrete Admixtures Market?
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.
What is the current Asia-Pacific Concrete Admixtures Market size?
In 2024, the Asia-Pacific Concrete Admixtures Market size is expected to reach USD 5.02 billion.
