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Concrete Admixture Market Size
Concrete Admixtures Market size is projected to grow at a CAGR of over 5% over 2023-2032. The better growth opportunities and improved lifestyle are encouraging individuals to shift to urban areas. This has increased the need for residential as well as commercial properties. The growth of the construction industry, coupled with the increasing infrastructure development activities are boosting the demand for concrete admixtures. These admixtures help in enhancing the durability, strength, and workability of concrete, making them crucial for large-scale construction projects.
According to the UNCTAD report, the world population was estimated to have grown by 0.9% in 2021 and surpass 8 billion in 2022, wherein the share of urban population was projected to have increased to 56.5% in 2021. The rapid urbanization and extensive infrastructure development will create a positive outlook for the market in the coming years.
Concrete Admixtures Market Growth Drivers & Restraints
Ongoing advancements in concrete admixture technologies have led to the development of superior products that offer improved performance characteristics. However, the fluctuating prices of raw materials will act as a major restraint for concrete admixtures industry. Raw materials used in the production of concrete admixtures, such as cement, aggregates, chemical additives, and polymers, are often subject to price volatility due to changes in global supply & demand, geopolitical tensions, natural disasters, and fluctuations in currency exchange rates. The challenge of maintaining stable pricing for admixtures among manufacturers will lead to restrained market growth.
| Report Attributes | Details |
|---|---|
| Base Year: | 2022 |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5% |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 405 |
| Tables, Charts & Figures: | 704 |
| Segments covered: | Product, Application, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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COVID-19 Impact
The COVID-19 pandemic significantly impacted the global concrete admixture market. The construction industry faced disruptions due to lockdowns, supply chain interruptions, and project delays, leading to a decline in construction activities. The reduced number of construction projects directly affected the demand for concrete admixtures, resulting in a temporary setback for the market. However, as economies gradually recover and construction activities resume, the market is expected to rebound with the need for infrastructure development and sustainable construction practices.
Concrete Admixtures Market Trends
The growing focus on sustainable and eco-friendly construction materials that reduce carbon emissions will propel the growth of concrete admixtures industry. The product usage enables energy-efficient buildings and reduce the carbon footprint of concrete. These admixtures enhance the concrete's strength, reduce water consumption, and improve workability, contributing to sustainable construction goals. Moreover, the government regulations and standards for construction materials that emphasize on quality and performance will drive the demand for high-quality concrete admixtures.
Concrete Admixtures Market Analysis
The superplasticizer concrete admixtures market share is poised to notable growth through 2032, owing to the product’s ability to improve the workability and flow characteristics of concrete while maintaining its strength and durability. These admixtures allow for the reduction of water content in concrete mixtures, enabling the production of high-performance, high-strength concrete. With the increasing demand for high-performance concrete in various construction applications, such as high-rise buildings, bridges, and infrastructure projects, the superplasticizer segment will witness rise in demand.
The concrete admixtures market share from residential application segment is slated to be over 35% by 2032. Booming population, urbanization, and rising disposable incomes have led to increased residential construction activities worldwide. Concrete admixtures are extensively used in residential projects to enhance the durability, workability, and aesthetic appeal of concrete structures. It helps in achieving faster construction timelines, reducing water consumption, improving concrete strength, and providing resistance against various environmental factors. The rising demand for sustainable and energy-efficient residential buildings will bolster the product demand.
Europe is likely to emerge as a lucrative growth avenue for concrete admixtures market players during the forecast period. The robust infrastructure development, increasing urbanization, and stringent regulations promoting sustainable construction practices are driving the demand for concrete admixtures in the region. There has been focus on developing a wide range of innovative admixture solutions with enhanced durability, workability, and performance of concrete. This factor, along with the adoption of advanced technologies, such as smart concrete admixtures and self-healing concrete are shaping the regional market outlook.
Concrete Admixtures Market Share
Some major concrete admixtures market players are
- Cementaid (UK)
- Denka Company Limited
- Krishna Colours & Constchem
- Cormix International Limited
- CEMEX Group
- Ha-Be Betonchemie
- MAPEI
- RPM International
- Arkema
- GCP Applied Technologies
- CICO Group
- Fosroc
- Beijing Jiankai Concrete Additive
- BASF SE
- SIKA AG
- CHRYSO S.A.S
- Concrete Additives
- Chemicals Pvt. Ltd.
Concrete Admixtures Industry News
- In June 2023, Sika announced the establishment of a new facility in Kharagpur, located in the eastern region of India, as part of its ongoing efforts to bolster production capacity in the rapidly expanding Indian market. The upcoming plant will be dedicated to manufacturing a range of products, including mortar, concrete admixtures, and shotcrete accelerators.
This concrete admixture market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2018 to 2032 for the following segments:
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Market, By Product
- Superplasticizers
- Accelerators
- Retarders
- Water reducers
- Air entraining mixture
- Fly ash
- Silicate fume
- Plasticizers
- Synthetic CSH
- Others
Market, By Application
- Residential
- Non-residential
- Commercial
The above information is provided on a regional and country basis for the following:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Russia
- Italy
- Asia Pacific
- China
- Japan
- India
- Australia
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
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