Southeast Asia Concrete Admixtures Market Size (2024 - 2029)

The Southeast Asia concrete admixtures market is experiencing significant growth, having recovered from the negative impacts of the COVID-19 pandemic. The market's expansion is primarily driven by increased demand from the residential construction and renovation sectors. Despite challenges such as a shortage of skilled labor and limited awareness among construction workers, the market is poised for growth due to the rise in infrastructural projects and the increasing number of commercial and residential buildings. This dynamic is expected to create substantial opportunities for the market in the coming years.

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Market Size of Southeast Asia Concrete Admixtures Industry

Southeast Asia Concrete Admixtures Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.00 %
Market Concentration Low

Major Players

Southeast Asia Concrete Admixtures Market Major Players

*Disclaimer: Major Players sorted in no particular order

Southeast Asia Concrete Admixtures Market Analysis

The concrete admixtures market in Southeast Asia is projected to register a CAGR of over 5% during the forecast period.

During the outbreak of the COVID-19 pandemic, there was a negative impact on the concrete admixtures market in the Southeast Asia region. Many businesses involved in producing concrete admixtures encountered difficulties in marketing their products, resulting in staggered growth of the manufacturers. The shortage of skilled personnel has impacted the concrete admixtures business because of COVID-19's growing effects. Currently, the Southeast Asia concrete admixtures market has recovered from the pandemic and is growing significantly.

  • Over the short term, rising demand from the residential construction sector and the construction industry's renovation sector are the major factors driving the growth of the market studied.
  • However, the lack of a skilled workforce and awareness of construction industry workers is a key factor anticipated to restrain the growth of the target industry over the forecast period.
  • Nevertheless, the rise in the commissioning of infrastructural projects coupled with the increasing number of commercial and residential buildings is likely to create lucrative growth opportunities for the Southeast Asian market soon.

Southeast Asia Concrete Admixtures Industry Segmentation

Concrete admixtures are natural or synthetic additives used to prepare concrete mixes. The key purpose of using additives is to improve the overall property of the concrete mix to gain desired properties in concrete for specific applications. 

The Southeast Asia concrete admixtures market is segmented by function, construction sector, and geography. By function, the market is segmented into water reducers (plasticizers), retarders, accelerators, air-entraining admixture, viscosity modifiers, shrinkage-reducing admixture, high-range water reducer (superplasticizers), and other functions. By the construction sector, the market is segmented into commercial, residential, infrastructure, industrial, and institutional. The report also covers the market size and forecasts for the concrete admixture market in five countries across Southeast Asia. For each segment, the market sizing and forecasts have been done on the basis of value (USD Million).

Function
Water Reducer (plasticizers)
Retarder
Accelerator
Air-Entraining Admixture
Viscosity Modifier
Shrinkage-reducing Admixture
High-range Water Reducer (superplasticizer)
Other Functions
Construction Sector
Commercial
Residential
Infrastructure
Industrial and Institutional
Geography
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Rest of Southeast Asia
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Southeast Asia Concrete Admixtures Market Size Summary

The Southeast Asia concrete admixtures market is experiencing a robust recovery and significant growth, driven by increasing demand from the residential construction and renovation sectors. The market, which faced challenges during the COVID-19 pandemic, is now benefiting from the rise in infrastructural projects and the construction of commercial and residential buildings. Factors such as population growth, urbanization, and government initiatives promoting affordable housing are further propelling the market's expansion. Despite challenges like a shortage of skilled labor and limited awareness among construction workers, the market is poised for lucrative opportunities as the region continues to develop its infrastructure and housing projects.

Indonesia stands out as a dominant player in the Southeast Asia concrete admixtures market, with its construction sector being a major contributor to the country's GDP. The government's focus on infrastructure development, particularly in Java and other islands, is driving the demand for concrete admixtures. The market is characterized by fragmentation, with key players like Sika AG, CEMEX SAB de CV, and GCP Applied Technologies Inc. actively participating. Recent developments, such as Fosroc's launch of an e-commerce platform and Pidilite Industries' partnership with GCP Applied Technologies, highlight the ongoing efforts to enhance product offerings and expand market reach in the region.

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Southeast Asia Concrete Admixtures Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Increasing Demand From Residential Construction Sector

      2. 1.1.2 Other Drivers

    2. 1.2 Market Restraints

      1. 1.2.1 Increasing Demand from the Construction Industry

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Function

      1. 2.1.1 Water Reducer (plasticizers)

      2. 2.1.2 Retarder

      3. 2.1.3 Accelerator

      4. 2.1.4 Air-Entraining Admixture

      5. 2.1.5 Viscosity Modifier

      6. 2.1.6 Shrinkage-reducing Admixture

      7. 2.1.7 High-range Water Reducer (superplasticizer)

      8. 2.1.8 Other Functions

    2. 2.2 Construction Sector

      1. 2.2.1 Commercial

      2. 2.2.2 Residential

      3. 2.2.3 Infrastructure

      4. 2.2.4 Industrial and Institutional

    3. 2.3 Geography

      1. 2.3.1 Indonesia

      2. 2.3.2 Malaysia

      3. 2.3.3 Philippines

      4. 2.3.4 Thailand

      5. 2.3.5 Vietnam

      6. 2.3.6 Rest of Southeast Asia

Southeast Asia Concrete Admixtures Market Size FAQs

The Southeast Asia Concrete Admixtures Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Sika AG, CEMEX SAB de CV, GCP Applied Technologies Inc., MAPEI SpA and Fosroc Inc. are the major companies operating in the Southeast Asia Concrete Admixtures Market.

Southeast Asia Concrete Admixtures Report Snapshots

Southeast Asia Concrete Admixtures Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)