Market Size of Southeast Asia Concrete Admixtures Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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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.
