Global Concrete Admixtures
Market Report
2024
Concrete Admixtures market was valued at USD 19.62 billion in 2022 and is projected to reach USD 39.38 billion by 2030, registering a CAGR of 9.1 % for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The global Concrete Admixtures market was valued at USD 19.62 billion in 2022 and is projected to reach USD 39.38 billion by 2030, registering a CAGR of 9.1 % for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Concrete Admixtures Market Sales Revenue 2030 | $ 31.37 Billion |
Global Concrete Admixtures Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 12.25% |
Market Split by Product |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Concrete Admixtures Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Concrete admixtures are chemical additives added during concrete mixing to improve specific properties like quality, performance, and sustainability. It helps to enhance the workability and help to harden the concrete. When moisture escapes from its tiny pores, hydrated cement paste contracts. As moisture is lost in these small holes over time, the surface tension of the remaining water seeks to draw the pores closer, which over time causes a loss of volume. Concrete admixtures lessen the effects of drying shrinkage and pore surface tension. Concrete admixtures improve the resistance against frost action, the action of acids, corrosion, and segregation. And hence it increases the strength and durability of concrete. Cement, water, fine aggregates, chemical admixtures like retarders, plasticizers, segregation reducers, pozzolanic materials, and sand are some common examples of concrete mixtures.
The rapid growth of the construction industry due to urbanization, industrialization, growing population, and net income, fuelled the growth of the concrete admixtures market. The rise in construction projects like infrastructure development, industrial units, and residential project, rises the demand for concrete admixtures like Normal Plasticizers, Super Plasticizers, Retarding, Accelerating, Water-proofing, and Air-Entraining. Infrastructure development like bridges, airports, roads, and railways, stimulates the growth of the construction industry and expands the concrete admixtures market. Concrete admixtures play a vital role in ensuring the durability, and quality of construction materials. Increasing R&D activities witnessing the growth of the market due to the rise in the use of advanced composition materials, adoption of high-performance concrete, and green building practices. Urbanization and population growth led to increasing residential housing and infrastructure projects. As well as the renovation of existing projects also increases, expanding the concrete admixtures market. Moreover, focus on sustainable construction structure, propel the market’s growth.
Increasing the use of water-reducing admixtures drive the growth of the concrete admixture market. According to Unicef, almost two-thirds of the world’s population experience severe water scarcity for at least one month each year and 700 million people could be displayed by intense water scarcity by 2030. Water-reducing admixtures reduce the usage of water by 5-12% but maintain the consistency measured by a slump. Because adding a water-reducing admixture lowers the water-cement ratio of concrete, it can increase the concrete's strength. Approximately, 25 litres of water is required per 50 kg of cement in concrete admixture. Countries like Lebanon, Pakistan, Afghanistan, Syria, Turkey, and Niger are expected to increase the demand for water-reducing admixture due to the high water scarcity rate. Increasing water scarcity during the forecast period is expected to drive the market’s growth.
The lack of skilled labor may hamper the growth of the concrete admixture market. Skill shortages make it difficult for contractors to deliver the quality of products that more discerning customers require. This is a major problem in many developed countries and a growing problem in developing countries, particularly those with a significant group of middle- and upper-class clients. Skilled labor is essential for the construction industry to meet project requirements for quality, cost, and schedule. Unskilled labor can be a barrier for the construction industry, reducing the demand for concrete admixture. The market growth can be improved by training and education for the workers.
The COVID-19 pandemic had a significant impact on the concrete admixture sector. Outbreaks of the coronavirus (COVID-19) have significantly disrupted the economy and impacted businesses, homes, financial institutions, industrial organizations, and infrastructure firms leading to a decline in concrete admixtures. The pandemic led to temporary shutdowns and disruptions in construction projects resulting in lower demand for concrete admixture. The concrete admixtures market relies on the complex supply chain for raw materials and finished products. The pandemic disrupts the supply chain, logistics, and transportation of raw materials and delayed deliveries. Additionally, Economic uncertainty reduced investment in construction, resulting in a decline in demand for concrete admixtures.
As the world begins to recover from the pandemic, the construction industry is gradually returning to normalcy. Residential and commercial projects have resumed, and consumer demand is hiking up. Therefore, the demand for Concrete admixture is expected to recover and potentially grow as the construction industry rebounds.
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Sika expanded the production of construction chemicals in the USA.
Sika brought a new manufacturing plant for concrete admixture on stream in Stafford, Virginia. With the opening of the plant near Washington D.C., Sika increased its production capacity in the important American construction market and readily satisfied the strong demand in the Northeast and Mid-Atlantic regions.
JSW Cement entered the construction chemical business with a unique green product range in the category.
With the introduction of a distinctive green product line in the category, JSW Cement, the top green cement business in India, has entered the Concrete Admixtures market. The product line that the firm is now introducing uses less water during application. It saves natural resources and helps minimize landslides, floods, and air pollution by substituting screen slag for river sand while pouring concrete. As a result, the building chemical products offered by JSW Cement are among the most environmentally friendly currently on the market.
BASF launched Master X-Seed® STE admixture to the Australian and New Zealand concrete markets.
At the Concrete 2019 conference in Sydney, BASF introduced a cutting-edge strength-enhancing admixture for the construction sector. Master X-Seed STE, greatly enhanced early and late-age strength development in concrete and contributes to more effective concrete manufacturing.
CHRYSO acquired Chemtec Admixtures Limited in Ireland.
To provide a distinctive product in the expanding Irish construction market, CHRYSO, a major leader in the chemistry of building materials, announced that it expanded its admixture business in Ireland with the purchase of Chemtec Admixtures Limited.
Top Companies Market Share in Concrete Admixtures Industry: (In no particular order of Rank)
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Asia Pacific is estimated to be the largest market for Concrete admixture during the forecast period.
Based on region, the market is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East, and Africa. Increase demand for advanced housing, significant growth of construction projects, and adoption of new development in the construction industry, drives the demand for Concrete Admixtures in APAC. According to Invest India, India’s construction industry is projected to reach $1.4 Tn by 2025, expected to increase the demand for Concrete Admixture. As per International Trade Administration, China is the world’s largest construction market. China’s 14th Five-Year Plan focuses on new urbanization, energy, water, and transportation infrastructure projects. The 14th Five-Year Plan period (2021-2025) would see an estimated total investment in new infrastructure of almost $ 4.2 trillion. It will expect to rise the demand for the Concrete Admixtures in APAC. Urbanization rates in Asian nations like India and China are rising globally, which eventually increases demand for the Concrete Admixture market.
Also, North America is expected to drive the market growth of the concrete admixture market. For instance, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development announced 4640000 new residential construction projects. Additionally, the government of Canada will invest $3.917 billion in B.C. infrastructure over 10 years.
The current report Scope analyzes Concrete Admixtures Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Concrete Admixtures Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Concrete Admixtures Industry growth. Concrete Admixtures market has been segmented with the help of its Product, Application , and others. Concrete Admixtures market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The chemical admixture segment held the larger share of the market and is expected to remain dominant during the forecast period.
Based on the product, the market is bifurcated into mineral admixture and chemical admixture. High usage of chemical admixture due to high finish, durability, and workability drives the market’s growth. Chemical admixture contains super plasticizing admixture, accelerating admixture, air-entraining admixture, water-reducing admixture/plasticizer, and retarding admixture. From this, air-entraining admixture dominated the market and is expected to remain in its position over the forecast period. According to the Department of Transportation, air-entraining admixtures help concrete produce a system of small air bubbles during mixing. They improve workability, resistance to scale brought on by deicing agents, and freeze-thaw resistance of concrete. Concrete strength is decreased by air entrainment. For instance, The 28-day compressive strength will fall by around 3 to 5% for every 1% rise in the air content of the concrete.
Moreover, water admixture in the chemical admixture segment is expected to show a rapid growth rate during the forecast period due to water scarcity. Water reduces admixture which improves the workability of concrete while maintaining the mix's water and cement contents, lowers the water content while maintaining the cement content, and increases the compressive strength of concrete without changing the workability. Countries like Lebanon, Pakistan, Afghanistan, Syria, Turkey, and Niger are expected to increase the demand for water-reducing admixture due to the high-water scarcity rate.
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The residential segment dominated the market and is expected to maintain its position during the forecast period.
Based on Application, the market is further segmented into Industrial, Commercial, Residential, Infrastructure, and Public Space. The increasing demand for bungalows, villas, and apartments, with advanced design, fueling the growth of the Concrete Admixtures industry. Increasing urbanization increases the demand for residential projects. Therefore, there is an increase in the demand for Concrete Admixtures. Increasing income levels resulted in increasing the number of residential houses and renovating houses. Due to these factors, the residential segment has high demand over others.
The infrastructure segment is also projected to be the fastest-growing segment of concrete admixture in terms of value. Due to enhancing economic development, reducing supply chain disruption, support quality of life, there is an increase in the growth of the infrastructure segment.
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Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Concrete Admixtures Market is witnessing significant growth in the near future.
In 2023, the Mineral Admixture segment accounted for noticeable share of global Concrete Admixtures Market and is projected to experience significant growth in the near future.
The Industrial segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Buildtech Products Flowcrete Group Ltd , Sika AG and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Concrete admixtures are chemical additives added during concrete mixing to improve specific properties like quality, performance, and sustainability. It helps to enhance the workability and help to harden the concrete.
Disclaimer:
Product | Mineral Admixture, Chemical Admixture |
Application | Industrial, Commercial, Residential, Infrastructure, Public Space |
List of Competitors | Buildtech Products Flowcrete Group Ltd, GCP Applied Technologies, Sika AG, BASF SE, razon engineering company private limited, CHRYSO S.A.S, RPM International Inc, MBCC Group, Fosroc International Inc. |
This chapter will help you gain GLOBAL Market Analysis of Concrete Admixtures. Further deep in this chapter, you will be able to review Global Concrete Admixtures Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Concrete Admixtures market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Mineral Admixture have a significant impact on Concrete Admixtures market? |
What are the key factors affecting the Mineral Admixture and Chemical Admixture of Concrete Admixtures Market? |
What is the CAGR/Growth Rate of Industrial during the forecast period? |
By type, which segment accounted for largest share of the global Concrete Admixtures Market? |
Which region is expected to dominate the global Concrete Admixtures Market within the forecast period? |
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