Concrete Admixture Market: Global Industry Analysis and Forecast (2023-2029)

Concrete Admixture market was valued at US$ 15.19 Bn. in 2022. Global Concrete Admixture Market size is estimated to grow at a CAGR of 6.66 % over the forecast period.
Concrete Admixture Market Overview:
Global Concrete admixtures 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. The Concrete admixtures are used to enhance concrete's performance in a range of situations. This Concrete admixtures save building costs, alter the properties of hardened concrete, maintain concrete quality throughout mixing, shipping, placing, and curing, and handle several emergencies that may arise during concrete operations.



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The report explores the Concrete Admixture Market's segments (Type, Application). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Concrete Admixture Market’s drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Concrete Admixture Market's contemporary competitive scenario.
Concrete Admixture Market Dynamics:
Rapid urbanization is the key factor to grow the market

Governments are investing more in the creation of public infrastructure to fulfil the demands of the expanding population for residential, commercial, and industrial construction. This is likely to cause fast urbanisation. This is anticipated to drive the need for concrete admixtures such air-entraining and retarding admixtures throughout the forecast period. Furthermore, it is anticipated that the increased attention of global leaders to the development of smart cities, particularly in emerging nations, will fuel market expansion. Additionally, it is anticipated that the industry would rise during the projected period as a result of increasing research and development by the major market players to create high-quality concrete admixtures. The demand in the construction industry will continue to be driven by the requirement for large-scale projects including energy, road, rail, water, and other infrastructure, which will further fuel the expanding market for concrete admixtures.

Concrete framework

Formwork is often left in place until the concrete has sufficiently dried to be removed. It typically takes between 24 and 48 hours to remove the form from walls, columns, and other structures when using regular concrete. Similar to how different construction structures require varied amounts of time. Contrarily, the addition of concrete admixtures to cement or new concrete improves several characteristics, including workability, durability, and early and final strengths. This ultimately reduces the amount of time it takes for concrete to set, saving the builder both money and time. Therefore, the market for concrete admixtures is anticipated to grow in the approaching years due to the growing use of concrete admixtures in significant construction projects, particularly for bridges, tunnels, and other structures.

Reduce the cost Expenditure

Concrete admixtures are additives, either natural or synthetic, that are incorporated into the concrete mix during or before it is finished to greatly improve attributes including durability, corrosion resistance, workability, finish quality, and compressive strength. These additives reduce the curing of hardened concrete and enhance the quality of the concrete during the stages of transport, mixing, and placement. The innovation also makes it easier to cut building costs.

As the sustainability trend grows, it is anticipated that the rising cost of the basic and intermediate chemicals used in the formulation of concrete admixtures would prove to be a significant barrier to the market's expansion. The growing desire to use fewer dangerous chemicals is predicted to have a negative impact on Concrete Admixture sales.

Huge government investments in airport expansion are opportunities to boost the growth of concrete admixtures, and the developing tourism sector in the concrete admixture business has increased demand for the building of new hotels, which in turn has increased demand for the concrete admixture industry. In the forecast period, the widespread availability of technologically improved infrastructure will generate further chances for the concrete admixtures market.

A solidified concrete mixture contracts as a result of capillary water loss, which is known as drying shrinkage. The tensile stress may rise as a result, eventually leading to breaking, internal warping, and outward deflection. The degree of shrinkage during drying depends on several variables, including the member size, the moisture content during curing, the characteristics of the components, and their proportions. However, the water in the cement paste and the evaporation of capillary water are mostly to blame for its occurrence. Concrete drying shrinkage can sometimes be influenced both directly and indirectly by the quantities of water and admixtures used during mixing. Therefore, drying shrinkage may cause worry for the development of concrete admixtures shortly.

COVID-19 Impact on Concrete Admixture Market:

The real-estate industry has faced a huge negative impact due to covid-19. As a result Concrete Admixture market also faced backlashes because these two are complementary to each other. Manufacturers, vendors, distributors, and consumers are among the groups of stakeholders calling for action as a result of the global COVID-19 situation. The profitability of concrete admixtures makers and vendors has been under strain due to a decline in business for at least five months in 2020 and weaker demand from a few key areas. The detrimental effects of COVID-19 on concrete admixtures will, however, be made up for in the medium to long term.

Additionally, the epidemic drove builders and contractors to postpone or cancel several construction projects, causing millions and billions of dollars in losses. Infrastructure projects worth more than $9.6 billion, as per American Road & Transportation Builders Association (ARTBA), have been either postponed or cancelled in the current economic climate.
Concrete Admixture Market Segment Analysis:
Based on Type, Water reducing segment is dominating the market with the highest CAGR during the forecast period. In hot weather, water-reducing admixtures are very useful since they reduce the amount of water required to mix your concrete to a pourable consistency. Concrete can become too weak if too much water is added to keep it pourable when heat causes it to set up too soon. The strength of your concrete will increase with the amount of water in the mix. One of the best forms of concrete admixtures when you need more strength and durability is a water-reducer. Water-reducing admixtures, for instance, are frequently used in the formulation of concrete for foundations.



Based on the Application, Residential segment is dominating the market with highest CAGR during the forecast period. Due to growing urbanisation and increased housing demand globally, the residential application segment is anticipated to have substantial expansion across a number of geographic areas. India, China, and the United States are anticipated to be the segment's top three markets. The non-residential and commercial segments are anticipated to increase at the quickest rates because to increasing industrialization on a global scale.
Concrete Admixture Market Regional Insights:
The Asia-Pacific region dominated the market with highest share in 2022. The Asia-Pacific region is expected to witness significant growth at a CAGR of 9.9% through the forecast period.

The most important factors driving demand in the Asia Pacific region's global market for concrete admixtures are the region's rapid infrastructure development and the expanding need for cheap housing options brought on by the region's steadily growing population. According to the research report, the Asia Pacific region's share of the global market for concrete admixtures will increase exponentially over the forecast years due to a number of factors, including the region's growing urbanisation rate, rising household income levels, and expanding population.

The two largest Asia-Pacific nations that are monopolising the market for concrete admixtures are Japan and South Korea. Japan has a sizable, technologically advanced construction market and is a vital place for advanced infrastructure properties, which is why firms that make concrete admixtures are steadily growing their portfolio and manufacturing facilities there. For instance, GCP Applied Technologies constructed a cutting-edge concrete admixture factory in Atsugi, Japan, in September 2018.

The production facility took over from the capacity that was previously produced at the GCP plant in Darex. The investment increased production quality while implementing additional safety and environmental measures. Such corporate plans, together with the region's growing construction sector, are significantly raising the need for concrete admixtures, which will ultimately fuel market expansion there throughout the course of the forecast period.

Due to the region's growing need for cutting-edge construction materials and the related market from the residential application segment, Europe is anticipated to hold a sizeable market share. The necessity for investment in the construction of healthcare facilities, which will also assist market expansion, has been underscored by the rise in the elderly population. The entire market will be driven by the fast-expanding global building sector and the world's expanding population.

The objective of the report is to present a comprehensive analysis of the Concrete Admixture Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Concrete Admixture Market dynamic, structure by analyzing the market segments and projecting the Concrete Admixture Market size. Clear representation of competitive analysis of key players by Vehicle Type, price, financial position, product portfolio, growth strategies, and regional presence in the Concrete Admixture Market make the report investor’s guide.
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Global Concrete Admixture Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 14.25 Bn.


Forecast Period 2023 to 2029 CAGR:
6.66 %
Market Size in 2029:
US$ 22.38 Bn.


 Segments Covered:
by Type
Water Reducing Admixtures
Waterproofing Admixtures
Accelerating Admixtures
Air-Entraining Agents
Retarding Admixtures
Other Admixtures


by Application
Residential
Infrastructure
Commercial
Industrial


by Construction
 Mineral Concrete Admixtures Construction Chemical
Chemical Concrete Admixtures Construction Chemical



Concrete Admixture Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Concrete Admixture Market Key Players
1. BASF SE
2. SIKA AG
3. GCP Applied Technologies
4. RPM International Inc.
5. Fosroc International Inc.
6. Mapei S.P.A
7. CICO Technologies Ltd.
8. CHRYSO S.A.S
9. Concrete Additives and Chemicals Pvt. Ltd.
10. Rhein-Chemotechnik GmbH
11. Weber Saint-Gobain
12. Polisan Kamya San. A.S.
13. Shangdong Wanshan Chemical Co. Ltd.
14. Sakshi Chem Sciences Pvt. Ltd.
15. Fritz-Pak Corporation
16. Fuclear Technologies Inc.
17. Ha-Be Betonchemie
18. Lanya Concrete Admixtures
19. MUHU
20. Construction Materials Co. Ltd.
21. Cormix International Ltd.

Frequently Asked Questions:

1] What segments are covered in the Global Market report?
Ans. The segments covered in the Market report are based on Type, Application.

2] Which region is expected to hold the highest share in the Market?
Ans. North America region is expected to hold the highest share in the Market.

3] What is the market size of the Market by 2029?
Ans. The market size of the  Market by 2029 is expected to reach US$ 23.86 Bn.

4] What is the forecast period for the Market?
Ans. The forecast period for the Market is 2023-2029.

5] What was the market size of the Market in 2022?
Ans. The market size of the Concrete Admixture Market in 2022 was valued at US$ 15.19 Bn.