Concrete-admixtures-market: Global Industry analysis and Forecast (2024-2030) by type, application and region

Concrete admixtures market overview:

Concrete Admixtures Market report examines the market's growth drivers as well as its segments. Data has been provided by market participants, and regions (North America, APAC, Europe, MEA, and South America). This market study takes an in-depth look at all of the significant advancements that are currently occurring across all industry sectors. To provide key data analysis for the historical period (2018-2022), statistics, infographics, and presentations are used. The report examines the Concrete Admixtures market’s, Drivers, Restraints, Opportunities, and Challenges. This SMR report includes investor recommendations based on a detailed analysis of the current competitive landscape of the Concrete Admixtures market.

 

Concrete is the most important building material for every form of construction project, since it meets the main needs of civil structures such as strength and durability. Sand, aggregate, binder, water, and admixtures are all used to make concrete.

 

Concrete admixtures are natural or synthetic additives that are added to concrete during or before mixing to improve attributes like durability, corrosion resistance, workability, finish ability, and compressive strength. These admixtures increase the quality of the concrete during transport, mixing, and placement, as well as reducing the time it takes for hardened concrete to cure. Concrete admixtures are used to change the properties of the material in a variety of ways. The solution also aids in the reduction of construction costs.

 

 

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Admixtures can also be used to change the colour of cement for aesthetic purposes. Water/cement reduction, hydrophobic effect, pore reduction/blocking, higher density, and other additives have boosted the compressive strength and durability of concrete. As a result, their utilisation in the building industry has skyrocketed.

 

Admixtures are utilised to solve problems like low water-cement ratio specifications, early strength requirements, hot/cold weather placements, pumping requirements, and so on. Housing construction continue to rise in emerging countries as a result of low real estate interest rates and social and demographic factors such as rising per capita income, household formation, immigration, and internal migration, all of which is expected to increase demand for concrete admixtures in the residential sector.

 

Concrete admixtures Market Dynamics:

During the forecast period, macro factors such as population growth are predicted to fuel demand for construction activities, which would have an impact on the concrete admixtures market.

 

During the forecast period, infrastructure development and improvement around the world is expected to boost market growth.

 

The primary growth tactics employed by firms functioning in the concrete admixtures market are new product launch/development, merger & acquisition, investment & expansion, and R&D.

 

The increased public interest in housing and its maintenance may boost the overall market demand for concrete admixtures for the time being. Calcium chloride, on the other hand, was included in the concrete admixtures and was afterwards added to the concrete, allowing the concrete to set quickly. Calcium chloride, on the other hand, is responsible for steel corrosion in concrete. As a result, contractors are afraid or hesitant to mix concrete admixtures in the concrete because of the risk of corrosion. 

 

Population growth, migration from hometowns to service industry clusters, and the global trend of the nuclear family have all fueled residential construction. Furthermore, the increasing trend of building high-rise residential structures and townships, as well as the diminishing land-to-population ratio, have spurred the usage of concrete admixtures in residential construction around the world.

 

As the demand for infrastructure in emerging countries has grown, so has the requirement for concrete admixtures. Furthermore, rising middle-class earnings and urbanisation have sparked unprecedented demand for residential and industrial construction. The global concrete admixtures market has expanded as a consequence of people's rising needs and desire for better construction.

 

The introduction of innovative technologies and the efficient application of concrete admixtures are also projected to boost demand in the global concrete admixtures market. In addition, the concrete admixture application may evolve in the coming years as a result of increasing research and new developments by market participants.

 

Although the worldwide concrete admixtures market has a lot of potential for growth, there are several obstacles that could slow it down. The lower resistance to sulphate attack and the higher cost of the admixtures may be limiting the growth of the concrete admixtures market.

 

Drying shrinkage is the contraction of a hardened concrete mixture caused by the loss of capillary water. This could cause tensile stress to grow, resulting in cracking, internal bending, and outward deflection.

 

COVID-19 Impact on Concrete admixtures Market

The unexpected emergence of the COVID19 pandemic had a significant impact on global health and economy. The economy's growth pace slowed, and people around the world suffered significant financial losses. Industrial operations and manufacturing units were constrained due to the lockdown limitations. The pandemic wreaked havoc on the supply system, exacerbating the gap between supply and demand. Many projects have been postponed indefinitely, which had an impact on the worldwide concrete admixtures market. Construction activity decreased as a result of the pandemic, and consumption patterns were changed, affecting the growth of the concrete admixtures market.

 

The demand for better infrastructure and the rapid pace of urbanisation, on the other hand, is expected to propel the worldwide concrete admixtures market forward. The continuous effort of market players in providing better products and increased R&D is helping to make the growth of the market stable again. The need for concrete admixtures may rise to a higher extent in the post-pandemic era, resulting in market advancement.

 

Concrete admixtures market segment analysis:

By Type, Concrete admixtures market is segmented into Water Reducer, Retarder, Accelerator, Air Entraining Admixture, Alkali/ Alkali free, Admixture for Mortars and Grouts, High Range Water Reducer, and Other on the basis of type. The High Range Water Reducing segment held the highest position in the concrete admixtures market, it is expected to grow at a CAGR of 8.5 percent during the forecast period. High-range water-reducing concrete admixtures, also known as superplasticizers, aid in the reduction of water content by 12 to 30% and can be applied to concrete with a low-to-normal slump and water-cement ratio to produce high-slump flowing concrete. Superplasticizers are used to make high-strength concrete (strength up to 22,000 psi). Superplasticizers can also be used to make flowing concrete, which can be used in heavily reinforced structures with difficult-to-reach places.

 

 

By Application: Concrete admixtures market is segmented into Residential Construction (Independent homes, Row homes, and large apartment buildings), Commercial Construction (Hospitals and Healthcare Infrastructure, Educational Institutes, Hotels and Restaurants, Banks and Financial Institutions, Airports, Hyper and Super Market, Shopping Malls, and Others), Industrial Commercial and Infrastructure (Tunnels and Mining, Dams, Bridges, Roads, and Others) on the basis of type.

 

In 2021, the concrete admixtures market expected to dominate by residential segment, with revenue estimated to grow at a CAGR of 6.6 percent during the forecast period. Concrete admixtures improve the durability and setting time of concrete, which is important in residential building. Privately-owned housing units permitted by building permits in November were at a seasonally adjusted annual rate of 1,639,000, according to the census of the United States in November 2020. This is 6.2 percent higher than the revised October rate of 1,544,000 and 8.5 percent higher than the November rate of 1,510,000. As a result of the increased building of various types of residential houses, the need for construction chemicals is expected to rise, resulting in the growth of concrete admixture in the near future.

 

Concrete admixtures market regional insights:

Asia Pacicfic dominated the concrete admixtures market, which is predicted to grow at a CAGR of 9.9% over the forecast period. The primary Asian-Pacific regions that dominate the concrete admixtures market are Japan and South Korea. Because Japan has a big, technically sophisticated building industry and is a vital destination for advanced infrastructure characteristics, concrete admixture manufacturers are growing their portfolios and manufacturing units there. GCP Applied Technologies, for example, established a state-of-the-art concrete admixture factory in Atsugi, Japan, in September 2018. 

 

By 2027, the European concrete admixture industry is expected to generate more than USD 3.29 billion in sales. Government investments in regional infrastructure is expected to have a substantial impact on sector growth. Promoting green energy and encouraging smart infrastructure are two main priorities of the European construction sector. The government wants to invest heavily in technology while also encouraging innovation in the building business. Concrete is widely utilised in the construction sector for a variety of purposes, including the construction of bridges, airports, roadways, and commercial buildings. As a result, concrete admixtures have a considerable impact on the concrete manufacturing process.

 

The objective of the report is to present a complete picture of global Concrete admixtures market. Data from past years is compiled to anticipate the future prospects of this market. Porter's five forces help to identify where power lies in a business situation. This is useful both in understanding the strength of an organisation's current competitive position, and the strength of a position that an organisation may look to move into. The report helps in identifying competitive rivalry currently running in the Concrete admixtures market. It also helps to understand bargaining power of suppliers and consumers.

 

The report also presents PESTLE analysis which helps to gain a macro picture of Concrete admixtures market.  Political factors help to identify the influence of government over Concrete admixtures market. Economic factors a have direct impact on a company’s long-term prospects in a market. The economic environment may affect how a company dealing in Concrete admixtures price their products or influence the supply and demand model. Social factors, such as demographics and culture can impact the Concrete admixtures market by influencing peak buying periods, purchasing habits, and lifestyle choices. Technological factors may have a direct or an indirect influence on an industry. The legal and regulatory environment can affect the policies and procedures of an industry, and can control employment, safety and regulations. Environmental factors include all those relating to the physical environment and to general environmental protection requirements.

 

Concrete admixtures market scope:

Concrete Admixtures Market
Market Size in 2023	USD 25.20 Bn.
Market Size in 2030	USD 46.06 Bn.
CAGR (2024-2030)	9%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Type Water Reducer Retarder Accelerator Air Entraining Admixture Alkali/ Alkali free Admixture for Mortars and Grouts High Range Water Reducer Other
	By Application Residential Construction Commercial Construction Industrial Commercial Infrastructure
	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Concrete admixtures market key players:

• BASF SE (Germany)
• SIKA AG (Switzerland)
• GCP Applied Technologies (US)
• RPM International Inc. (US)
• Fosroc International Inc. (UK)
• Mapei S.P.A (Italy)
• CICO Technologies Ltd. (India)
• CHRYSO S.A.S (France)
• Concrete Additives and Chemicals Pvt. Ltd. (India)
• Rhein-Chemotechnik GmbH (Germany)
• Cementaid (UK)
• Denka Company Limited (Japan)
• Krishna Colours & Constchem (India)
• Ha-Be Betonchemie (Germany)
• Cormix International Limited (Thailand)
• CEMEX Group (Mexico)
• Arkema (France)
• Beijing Jiankai Concrete Additive (China)