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Asia-Pacific Concrete Admixtures Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028)

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    Report

  • 100 Pages
  • April 2023
  • Region: Asia Pacific
  • Mordor Intelligence
  • ID: 5764877
The concrete admixtures market in Asia-Pacific is projected to register a CAGR of over 6% during the forecast period.

The COVID-19 pandemic impacted the overall concrete admixtures industry growth. However, post-pandemic residential and commercial construction has accelerated the demand for concrete admixtures.

Key Highlights

  • The major factor driving the market studied is the increasing demand for concrete admixture from the residential construction segment and the strong construction activities in emerging countries.
  • On the flip side, a lack of skilled workforce will likely hinder the industry's growth.
  • The growing industrial sectors in countries such as China, India, and Japan are expected to create new opportunities for the market to grow.
  • China represents the largest market and is expected to be the fastest-growing market over the forecast period owing to the growing residential and industrial construction within the country.

Key Market Trends

Growing Demand for Concrete Admixtures in Residential Construction

  • Concrete admixture offers properties such as improved quality of concrete, increased workability, enhanced pumpability, and durability.
  • The increasing residential construction activities in the Asia-Pacific region are expected to drive the concrete admixtures market over the forecast period. The growing population and need for housing have presented a major opportunity for investors and developers to embrace alternative methods of construction and new partnerships to bring forward development.
  • In November 2021, India, the United States, Israel, and the UAE established a new quadrilateral economic forum to focus on infrastructure development projects in the region and strengthen cooperation.
  • Moreover, the Indian government has been actively boosting housing construction, aiming to provide homes to about 1.3 billion people.
  • The country is likely to witness around USD 1.3 trillion of investment in housing over the next six to seven years and is likely to witness the construction of 60 million new homes in the country, which is a major boosting factor for the market studied.
  • Infrastructure plays a huge role in propelling other industries and India’s overall development. The government, therefore, focuses on the development of infrastructure and construction services through policies such as open FDI norms, large budget allocation to the infrastructure sector, smart cities mission, etc.
  • The real estate industry in India is expected to reach USD 1 trilion by 2030 and will contribute 13% to India’s GDP by 2025. By 2030, more than 40% of the population is expected to live in urban India (33% today), creating a demand for 25 million additional mid-end and affordable units.


China is Expected to Hold Significant Market Share

  • Increasing consumer spending, along with the population migrating from rural to urban areas, is expected to continue to drive the demand for the construction sector in China.
  • The Chinese government rolled out massive construction plans, including making provisions for the movement of 250 million people to its new megacities over the next ten years, creating a major scope for construction materials, such as concrete admixtures used in the future in various applications during construction activities to enhance building properties.
  • According to China’s five-year plan unveiled in January 2022, the construction industry in the country is estimated to register a growth rate of approximately 6% in 2022. China plans to increase the construction of prefabricated buildings to reduce pollution and waste from construction sites.
  • Moreover, as per the National Development and Reform Commission, the Chinese government approved 26 infrastructure projects with an estimated investment of about USD 142 billion in 2019, which are estimated to be completed by 2023 and are in progress.
  • To accelerate its economic growth, China’s Ministry of Finance and National Development had planned to invest CNY 500 billion (USD 74.69 billion) in building a state infrastructure fund in the third quarter of 2022, aimed at promoting infrastructure spending.
  • According to the National Development and Reform Commission (NDRC), the Shanghai Plan includes an investment of USD 38.7 billion in the next three years. In contrast, Guangzhou signed 16 new infrastructure projects with an investment of USD 8.09 billion.


Competitive Landscape

The concrete admixtures market in the Asia- Pacific is fragmented in nature. Some of the major players in the market include Sika AG, Fosroc International, Pidilite Industries Ltd., Mapei SpA, and Cemex S.a.b. De C.v., among others (not in any particular order).

Additional benefits of purchasing the report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support


This product will be delivered within 2 business days.

Table of Contents

1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Increasing Demand for Concrete Admixture from the Residential Construction
4.1.2 Strong Demand for Concrete Admixture in Emerging Countries
4.2 Market Restraints
4.2.1 Lack of skilled workforce
4.2.2 Other Market Restraints
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition

5 MARKET SEGMENTATION (Market Size in Value)
5.1 Function
5.1.1 Water Reducer (plasticizers)
5.1.2 Retarder
5.1.3 Accelerator
5.1.4 Air-Entraining Admixture
5.1.5 Viscosity Modifier
5.1.6 Shrinkage-reducing Admixture
5.1.7 High-range Water Reducer (superplasticizer)
5.1.8 Other Functions
5.2 Construction Sector
5.2.1 Commercial
5.2.2 Residential
5.2.3 Infrastructure
5.2.4 Industrial and Institutional
5.3 Geography
5.3.1 China
5.3.2 Japan
5.3.3 India
5.3.4 South Korea
5.3.5 ASEAN Countries
5.3.6 Rest of Asia Pacific

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share(%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 CEMEX S.A.B de C.V.
6.4.2 CICO Group
6.4.3 Euclid Chemical
6.4.4 Fosroc International
6.4.5 GCP Applied Technologies Inc.
6.4.6 Ha-Be Concrete Chemicals GmbH.
6.4.7 MAPEI S.p.A
6.4.8 Pidilite Industries Ltd.
6.4.9 RPM International Inc.
6.4.10 Saint-Gobain
6.4.11 Sika AG

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Industrial Sectors

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • CEMEX S.A.B de C.V.
  • CICO Group
  • Euclid Chemical
  • Fosroc International
  • GCP Applied Technologies Inc.
  • Ha-Be Concrete Chemicals GmbH.
  • MAPEI S.p.A
  • Pidilite Industries Ltd.
  • RPM International Inc.
  • Saint-Gobain
  • Sika AG

Methodology

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