According to the recent 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 MarketStudyReport, Asia Pacific concrete admixtures market is expected to reach a valuation of USD 14.32 billion by 2027.
 

Asia Pacific concrete admixtures market growth can be credited to rapid urbanization in various countries across the region. Governments across the region are promoting sustainable and green construction techniques by enacting strict regulations regarding materials used to build houses and other structures. The primary goal is to reduce building emissions and promote green construction.
 

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Most of the region's developing economies are undergoing an economic transformation, which has resulted in an increase in income levels. In addition to this, proliferating number of construction activities due to growing number of individuals migrating from countryside to cities in search of better jobs and living conditions are enhancing the market demand
 

For the unversed, concrete admixtures are advanced building chemicals or additives that help conserve natural resources such as water. They are mixed in with fresh or cured concrete while it is still wet. In the early and final stages of construction, these chemicals boost the naturally occurring favorable features of concrete, such as durability, workability, and strength.
 

Based on product type, superplasticizers segment of Asia Pacific concrete admixtures industry is predicted to grow at a CAGR of 7% over 2021-2027, as these products aid in the production of smooth, high-strength concrete.
 

Meanwhile, water reducers segment accounted for 50% industry share in 2020 and is projected to hold 55% share towards the end of coming six years, due to high demand and broad application across several industries. These additives enable the production of high-strength concrete while using less cement. When the cement concentration is reduced, CO2 emissions from concrete production are decreased as well. This function will be extremely useful in the construction of green buildings throughout the region.
 

With respect to application spectrum, commercial segment accounted for more than 30% of overall market share, and it is expected to expand further through 2027. This can be ascribed to rising urbanization and industrialization, and growing construction of commercial complexes such as retail malls, hypermarkets, restaurants, airports, roadways, as well as manufacturing facilities and warehouses.
 

Coming to competitive terrain, leading companies in Asia Pacific concrete admixtures market sphere are BASF SE, Mapei S.p.A., Sika AG, Beijing Jiankai Concrete Admixture Co. Ltd., Cementaid (UK) Ltd., and Denka Company Ltd., among others.