What Is The Current and Historic Market Size Analysis Of Concrete Admixtures Market?
The concrete admixtures market has seen considerable growth due to a variety of factors.
• The size of the concrete admixtures market has seen consistent expansion in the past few years. Projected to increase from a value of $15.96 billion in 2024 to $16.65 billion in 2025, it has a compound annual growth rate (CAGR) of 4.3%.
The surge in its historical duration can be credited to the upswing in the construction sector, developments in infrastructure, improved efficacy in creating concrete, cost effectiveness, environmental concerns, and the heightened demand for high-performance concrete.
What Can Be Expected from the Concrete Admixtures Market in the Coming Years?
The concrete admixtures market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for concrete admixtures is projected to experience significant surges in the upcoming years, escalating to a valuation of $21.1 billion by 2029, marked by a compound annual growth rate (CAGR) of 6.1%.
This projected growth in the forecast period is ascribed to factors such as sustainable construction methodologies, revamping of infrastructure, initiatives focused on intelligent cities, emphasis on durability, prompt urbanization in burgeoning economies, and endeavors to minimize the carbon footprint. Prominent trends during the forecast period involve cutting-edge admixtures, advancements in self-repairing concrete technology, high-range water reducers (HRWR), rheology modifiers specialized for concrete applications, and air-entraining admixtures.
What Are the Critical Driver Fuelling the Concrete Admixtures Market's Growth?
The concrete admixture market is projected to expand due to the increased demand from the construction sector. This acceleration in construction activities is a result of swift industrialization and urbanization. Concrete admixture plays a critical role in the construction industry by speeding up the overall project timeline through the creation of climate-regulated facilities and improving specific attributes of fresh or hardened concrete. In November 2023, the Office for National Statistics, a UK executive branch of the UK Statistics Authority, reported that construction new orders in 2022 saw an increase of 11.4% compared to 2021, reaching an unprecedented value of $98,621 million (£80,837 million). The significant contributors to this escalation were the private infrastructure, private commercial, and other public non-housing sectors, which surged by 85.1%, 10.2%, and 17.5% respectively. Thus, the rising demand from the construction industry fuels the growth of the concrete admixture market.
How Are The Segments Defined Within The Global Concrete Admixtures Market?
The concrete admixtures market covered in this report is segmented –
1) By Type: Water Reducing Admixtures, Water-Proofing Admixtures, Accelerating Admixtures, Air-Entraining Agents, Retarding Admixtures, Other Types
2) By Application: Re-Inforced Concrete, Non Re-Inforced Concrete
3) By End User: Commercial, Residential, Infrastructure, Industrial
Subsegments:
1) By Water Reducing Admixtures: High-Range Water Reducers (Superplasticizers), Mid-Range Water Reducers
2) By Water-Proofing Admixtures: Integral Waterproofing Admixtures, Surface-Applied Waterproofing Admixtures
3) By Accelerating Admixtures: Calcium Chloride-Based Accelerators, Non-Chloride Accelerators
4) By Air-Entraining Agents: Synthetic Air-Entraining Agents, Natural Air-Entraining Agents
5) By Retarding Admixtures: Hydroxycarboxylic Acids, Sugars and Sugar Derivatives
6) By Other Types: Fibers (Steel, Synthetic, Glass), Coloring Agents, Shrinkage-Reducing Admixtures
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How Are New Trends Expected To Influence The Growth Of The Concrete Admixtures Market?
Leading corporations active in the concrete admixtures market are concentrating on the creation of unique concrete admixture recipes, like sustainable and high-performance ones. These aim to increase longevity, lessen environmental harm, and address the changing needs of the construction sector. Sustainable and high-performance concrete admixtures are cutting-edge compositions that boost the durability and manageability of concrete, and they mitigate environmental damage through the incorporation of environmentally friendly materials and methods. For example, Euclid Chemical, an American specialty construction products producer, introduced three novel concrete admixtures in February 2022. They launched Eucon Air100, which is an air-entraining admixture that augments freeze-thaw sturdiness by generating air pockets in the concrete to avert cracking, thus enhancing its lifetime. Additionally, they unveiled Plastol Ultra 209, a high-range water-cutting admixture that boosts workability and flow, making it perfect for high-quality and precast concrete with a diminished water component. Lastly, they introduced Eucocrete Geo-Mix, a geopolymer admixture specially designed for the production of sustainable concrete, lowering carbon emission while preserving strength and durability for environment-friendly projects.
Who Are the Key Players in the Concrete Admixtures Market?
Major companies operating in the concrete admixtures market include:
• BASF SE
• CRH plc
• Rhein-Chemotechnik GmbH
• Holcim Limited
• Concrete Additives and Chemicals Pvt. Ltd.
• Cemex S.a.b. De C.v.
• The India Cement Limited
• Sika AG
• Wacker Chemie AG
• RPM International Inc.
• CHRYSO S.A.S
• Votorantim Cimentos S.A.
• Shree Cement Limited
• Dalmia Bharat Cement Limited
• ParexGroup
• Fosroc Inc.
• UltraTech Cement Limited
• ADCO Constructions Pty. Ltd.
• GCP Applied Technologies Inc.
• Ambuja Cement Limited
• Mapei SpA
• Flowcrete Group Ltd.
• Shandong Wanshan Chemical Co. Ltd.
• Buildtech Products Pvt. Ltd.
• MBCC Group
• CICO Group
• Pidilite Industries Ltd.
• HA-BE Betonchemie
• Polisan Kimya San A.S
• HeidelbergCement AG
What Is The Most Dominant Region In The Concrete Admixtures Market?
Asia-Pacific was the largest region in the concrete admixture market in 2024. The regions covered in the concrete admixtures market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
