According to the analysis 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 size is slated to be worth USD 14.32 billion by the end of 2027.

Rapid urbanization, increasing per capita income, and steady economic development are the major factors driving Asia Pacific concrete admixtures market growth.

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Favourable government initiatives that focus on encouraging green construction practices in order to reduce carbon emissions are furthering market expansion in the region.

For the unversed, concrete admixtures are sustainable construction materials or additives which are added into the concrete during the mixing process to aid the conservation of natural resources, while enhancing strength and durability of the concrete mixture.

Based on product type, the superplasticizers segment is expected to register a CAGR of 7% through forecast timeframe, due to its growing popularity as it creates smooth concrete having high strength. Apparently, superplasticizers are high range water reducers as they minimize water usage by over 30% and are widely used for reinforced construction.

Meanwhile, the water reducers segment is likely to account for 55% share in Asia Pacific concrete admixtures market through 2027, owing to widespread product applicability for construction of green buildings. Water reducers create high strength concrete with less cement content, thus reducing CO2 emissions during cement manufacturing.

Speaking of the application spectrum, the commercial sector held 30% industry share in 2020 and is anticipated to record a colossal growth in the upcoming years, pertaining to construction of innumerable shopping malls, restaurants, airports, hypermarkets, warehouses, and manufacturing facilities, along with growing demand for high class infrastructure.

Key players in Asia Pacific concrete admixtures industry sphere are Beijing Jiankai Concrete Admixture Co. Ltd., Ha-Be Betonchemie GmbH & Co. KG, Cementaid (UK) Ltd., CICO Group, Arkema SA, Krishna Colours & Constchem Pvt. Ltd., MAPEI SpA, CEMEX Group, Cormix International Ltd., GCP Applied Technologies Inc., Denka Company Ltd., BASF SE, and Sika AG.