Concrete admixtures are chemical formulations that are added to concrete at the initial mixing stage to enhance or modify the properties and workability of the mix. Concrete admixtures are used to enhance strength, durability, chemical resistance, and other properties, thus making concrete more suitable to satisfy the needs of modern civil structures. Concrete admixtures have found wide acceptance in the construction industry worldwide; especially for the construction of residential buildings, industrial amenities, and social and commercial complexes, and surface transportation infrastructure projects.
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The concrete admixtures consumption depends on new construction projects and the corresponding maintenance and repair activities. The demand for these admixtures is mainly driven by growing requirements for housing and infrastructure. The restraints in the market are different across various regions; these factors include mature infrastructure, logistics issues, low cement production volumes, and low investments in the infrastructure sector.
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China holds the largest share of the Asia-Pacific concrete admixtures market, as of 2014. This large share can be attributed to various factors, including the increased use in end-user industries. In-depth profiling of the key players have been conducted, along with their recent developments (including new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the Asia-Pacific concrete admixtures market.
South Korea and India are also expected to witness considerable growth in their market shares, in the near future. South Korea is a fast-growing market for concrete admixtures market as they are hosting the Winter Olympics in 2018, which will lead to large number of construction and infrastructure projects to accommodate the vast groups of people expected to arrive in the country for the event.
In-depth profiling of the key players have been conducted, along with the recent developments (including new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the Asia-Pacific concrete admixtures market. Major players in this market include as Ashland Inc. (U.S.), BASF SE (Germany), CICO Technologies Ltd. (India), The Dow Chemical Company (U.S.), The Euclid Chemical Company (U.S.), and Pidilite Industries Ltd. (India), among others.
