Although China's economic growth is slowing, China's construction market remains robust, and the upgrading of building materials is attracting the attention of multinational giants.
The "Shanghai Tower," China's tallest building currently under construction, exemplifies this change. Zheng Daqing, BASF's Senior Vice President for Global Business and Market Development in Greater China, said at a recent conference, "The construction industry is now beginning to show new characteristics: it is faster, and construction times are shorter. In the past, building a super high-rise took 3-4 years, and maintaining the concrete after pouring took 1-2 months. Now that is no longer necessary. For example, with the Shanghai Tower under construction, the next step can begin just a few days after pouring. This requires innovation in building materials."
BASF has developed a wide range of concrete admixtures. New concrete admixtures can ensure that the flowability, setting properties, and hardening characteristics of concrete do not change during transportation.
According to data provided by BASF, China's construction industry accounts for 15% of GDP; each year, 50% of energy consumption comes from buildings and their use, and 50% of waste output comes from buildings.
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