According to the research report titled ‘Asia Pacific Concrete Admixtures Market Forecast 2027 By Application, By Product, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with Market Study Report, Asia Pacific concrete admixtures market is projected to surpass USD 14 billion valuation by end of the forecast period.
 

Expansion of construction industry due to rapid urbanization and rise in housing demand, along with positive economic outlook across developing countries are majorly driving the growth of concrete admixtures market in Asia Pacific.
 

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Further, stringent government directives pertaining to use of the type of material for construction of houses and other structures in a bid to promote sustainable and green practices are augmenting the market development.
 

For the uninitiated, concrete admixtures are advanced construction additives or chemical that aid in conservation of natural resources like water. They are added to concrete during the mixing process to enhance the properties like durability, strength, workability in early as well as final stages.
 

Based on material type, superplasticizers, retarders, accelerators, air entraining mixture, water reducers, plasticizers, silicate fume, and synthetic CSH are the key segments highlighted in the Asia Pacific concrete admixtures market report.
 

Superplasticizers segment is slated to garner strong demand over the projected timeline, recording 7% CAGR throughout. The product demand is attributable to impart a smooth finish to concrete with high strength. Moreover, benefits like reduced water usage by 30% and enhanced workability are favoring product adoption.
 

Considering applications scope, the market is split in commercial and residential, among which, the former segment held over 30% industry share in 2020 and is anticipated to grow considerably in the upcoming years. Increasing construction of shopping malls, restaurants, hypermarkets, airports, roads and manufacturing facilities & warehouses due to rapid urbanization and industrialization are fostering segmental expansion.
 

Prominent players influencing Asia Pacific concrete admixture industry trends are Beijing Jiankai Concrete Admixture Co. Ltd., Ha-Be Betonchemie GmbH & Co. KG, Cementaid Ltd., CICO Group, Arkema SA, Krishna Colours and Constchem Pvt Ltd., RPM International Inc., Mapei S.p.A., Cemex Group, Cormix International Ltd., GCP Applied Technologies Inc., Denka Company Ltd., Fosroc Chemicals Pvt. Ltd., BASF SE, and Sika AG.