Concrete admixtures market is expected to grow at 6.7% CAGR from 2023 to 2029. It was valued 13.36 billion at 2022. It is expected to reach above USD 23.94 billion by 2029.
Since concrete admixtures are generally used to enhance the qualities of concrete during construction, rising building activities worldwide are pushing up demand for them. In the future, the industry is anticipated to benefit from the adoption of ready-mix concrete in emerging nations.
For all types of construction projects, concrete is the primary necessary building material because it fulfils crucial needs for civil structures like final structure's strength and durability. Sand, aggregate, binder, water, and admixtures are the main ingredients in concrete. Concrete additives are substances that are added to fresh or hardened concrete during mixing to improve certain qualities, such as workability, durability, or early and final strength. Concrete additives can be made from natural substances or synthetic chemicals. It is used to bring down the price of concrete, improve or change the characteristics of hardened concrete, and guarantee the consistency of concrete while mixing.
Increasing product demand from the building sector, along with advantageous admixture characteristics like water reduction, durability, and others, will drive market expansion throughout the forecast period. Concrete Admixtures are substances that are added to concrete during the mixing process to improve the concrete's qualities, including workability, durability, and ultimate strength. Also, the features that they possess and the places in which they are employed determine the demand for different admixtures.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion, Kilotons) |
| Segmentation | By Product type, By End user, By region |
| By Product type
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| By End user
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| By Region
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Because the construction sector is the primary end-user for the market, changes in this sector could have a direct effect on market expansion. The market is anticipated to be driven by an increase in the number of residential and commercial construction projects as well as an increase in the number of infrastructure projects that are being commissioned, notably in the Asia Pacific region. The necessity for investment in the development of healthcare facilities has also been highlighted by the rise in the number of older people, which will aid market expansion. The world's population will continue to grow, along with the fast-expanding global building industry.
Growing housing needs brought on by a growing middle class along with government initiatives like tighter regulations on construction quality, upcoming infrastructure development initiatives like a home for every Indian citizen (India Vision 2020, Planning Commission of India), the development of transportation infrastructure, and proposals for new megacities in both China and India are anticipated to present new market opportunities for concrete additives in the near future. The market expansion for concrete admixtures is being constrained by rising chemical prices for concrete admixtures as well as a lack of knowledge about the benefits of admixtures in the Asia Pacific and other developing areas unorganized building sector.
Concrete Admixtures market is expected to grow at 6.7% CAGR from 2022 to 2029. it is expected to reach above USD 23.94 billion by 2029
North America held more than 43% of Concrete Admixtures market revenue share in 2021 and will witness expansion in the forecast period.
Since concrete admixtures are generally used to enhance the qualities of concrete during construction, rising building activities worldwide are pushing up demand for them. In the future, the industry is anticipated to benefit from the adoption of ready-mix concrete in emerging nations.
Sika AG, BASF SE, GCP Applied Technologies Inc., RPM International, Inc., Fosroc, Inc., Mapei SpA, CHYRSO SAS, Rhein-Chemotechnik GmbH, CICO Technologies, and Pidilite Industries Ltd.
Additives are used to enhance the characteristics of concrete for certain building applications. Superplasticizers are among the product categories with the fastest growth rates on the market because of their capacity to decrease water content, boost strength, and plasticize materials. The use of the product and its composition can vary significantly depending on a wide range of external factors, including the type of structure, the weather (cold, humid, and other conditions), the specific functional requirement, buildings with a significant height, and other factors relating to the sustainability of buildings.
Concrete admixtures market is segmented based on product type, end user and region, global trends and forecast.
By product type the market is segmented into superplasticizers, normal plasticizers, accelerating admixtures, retarding admixtures, air-entraining admixtures, water-proofing admixtures, others. Additives are used to enhance the characteristics of concrete for certain building applications. Superplasticizers are among the product categories with the fastest growth rates on the market because of their capacity to decrease water content, boost strength, and plasticize materials. The use of the product and its composition can vary significantly depending on a wide range of external factors, including the type of structure, the weather (cold, humid, and other conditions), the specific functional requirement, buildings with a significant height, and other factors relating to the sustainability of buildings.
By end user the market is segmented into residential, commercial, infrastructure. Due to a rise in the demand for infrastructure development in developing nations, the infrastructure category is predicted to grow at the greatest CAGR in terms of value throughout the projection period. Throughout the anticipated period, the residential segment would dominate the market with the highest CAGR. The residential application segment is expected to significantly expand across a number of geographical locations as a result of expanding urbanization and increased housing demand worldwide. The top three markets for this area are predicted to be China, India, and the US. Due to the rapid industrialization of the world, the commercial sector is predicted to grow at the fastest rates.
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Concrete admixtures market key players include Sika AG, BASF SE, GCP Applied Technologies Inc., RPM International, Inc., Fosroc, Inc., Mapei SpA, CHYRSO SAS, Rhein-Chemotechnik GmbH, CICO Technologies, and Pidilite Industries Ltd.
January 16, 2023: Sika AG and INEOS Enterprises, a subsidiary of INEOS, signed an agreement for the acquisition of MBCC Group’s admixtures business in the US, Canada, Europe, and the UK and its entire operations in Australia and New Zealand (“Disposal Perimeter”) by INEOS Enterprises. The divestment is part of the required remedy process in Sika’s acquisition of MBCC Group. The Disposal Perimeter generated net sales of around CHF 920 million by the end of 2022 and includes production sites and sales offices in 36 countries with more than 1,600 employees.
November 29, 2021: Fosroc introduced Polyurea WH 100, a product which gives many benefits to a wide range of roof waterproofing applications.
Concrete admixtures market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
In 2020, the market in the Asia Pacific region was worth USD 11.41 billion. The market expansion in the Asia Pacific region has been driven by the region's quick infrastructure development and rising housing demand. China has the largest market share and is the nation with the quickest economic growth in this area. The primary drivers fueling the growth of the residential sector in this nation are the expanding population, intensifying urbanization, and rising household income levels.
The rise in the use of these admixtures in commercial structures in Europe is attributed to the expanding demand for private offices at reasonable pricing. The rapid growth of the healthcare sector in North America, which creates a need for new hospital and medical institution construction projects, is mostly to blame for the market growth in that region. hence creating profitable chances for the usage of concrete admixtures in the area. The rapid infrastructure growth in developing nations like Saudi Arabia and South Africa is blamed for the expansion in the Middle East and Africa.
Moreover, the Middle East & Africa market will develop due to the increased use of retarding admixtures in the construction industry as a result of significant weather fluctuations. In the foreseeable future, South America's industrial sector will experience tremendous expansion. The increase is the result of more businesses expanding their production capabilities and manufacturing facilities, which fuels an increase in construction activity in this area.
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