Concrete Admixtures Market

Concrete Admixtures Market Overview

In terms of value, the concrete admixtures market is estimated to grow from USD 18.6 billion in 2023 to USD 25.9 billion by 2028, at a CAGR of 6.9%.  One of the major reasons for making a positive outlook for the concrete admixtures market is the mounting urbanization in various countries worldwide, the emerging construction industry in several countries such as China and India, and the enriched quality of construction. Also, technological advancements in the construction industry are pushing the market. Due to these reasons, the consumption of concrete admixtures has grown significantly.

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Market Dynamics

Driver: Mounting urbanization

Mounting urbanization is expected to drive the concrete admixtures market as it leads to increased demand for infrastructure development, including roads, bridges, tunnels, and buildings. The increasing urban landscapes translate into a proliferation of residential, commercial, and industrial buildings. Moreover, these structures require reliable concrete solutions to protect them from water damage, and harsh environmental conditions such as minor earthquakes and extend their lifespan. Thus, the mounting urbanization will drive the concrete admixtures market globally.

Restraints: Strict government regulations

The concrete admixture market is facing increasing scrutiny from governments around the world. Strict regulations are being implemented to ensure the safety and environmental impact of these products. One of the key challenges posed by government regulations is the need for extensive testing and approval processes. Admixture manufacturers must now demonstrate that their products meet stringent safety and environmental standards before they can be brought to market. Thus, strict government regulations can act as a restraint for the concrete admixtures market.

Opportunities: Technological developments in the construction industry

The evolution of 3D printing technology in the construction industry presents significant opportunities for the concrete admixture market. In the realm of 3D printing, the ability to construct intricate and customized structures introduces new challenges in ensuring long-term durability, strength, and waterproofing. Concrete admixtures play a crucial role in enhancing the resilience of 3D-printed structures by improving workability strength, reducing shrinkage, and preventing water penetration and potential damage. As these types of innovations advance, the demand for effective concrete admixtures will likely grow, presenting a promising avenue for the continued growth of the concrete admixture industry.

Challenges: Fluctuating raw material prices

The concrete admixture market faces a significant challenge due to fluctuating raw material prices. These fluctuations, driven by factors such as geopolitical events, supply chain disruptions, and resource scarcity, can impact the production costs of admixtures. This, in turn, can lead to price instability and uncertainty for both manufacturers and consumers. Managing these price fluctuations requires careful planning, strategic sourcing of raw materials, and the development of innovative solutions to maintain affordability and market competitiveness. Therefore, the fluctuating raw material prices are the major challenge of the concrete admixtures market.

Concrete Admixtures Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of concrete admixtures. These companies have been in business for a while and have a broad range of products, cutting-edge technologies, and robust international sales and marketing networks. Prominent companies in this market include Sika AG (Switzerland), Saint-Gobain S.A. (France), MAPEI S.p.A. (Italy), RPM International Inc. (US)Fosroc, Inc. (UAE), Arkema (France), Dow inc. (US) Xypex Chemical Corporation (Canada), and among others.

Based on type, waterproofing admixtures are projected to register the highest CAGR, in terms of value, during the forecast period.

Due to their effectiveness and adaptability to restrict the entering of water into concrete, waterproofing admixtures have attracted a lot of interest and are becoming more and more popular in a variety of industries. Moreover, they remain chemically active within the concrete and have the ability to seal the additional gaps up to a certain size and extent as they occur. Therefore, waterproofing admixtures have the potential to fulfill the needs of end-users more effectively and thus it is projected to be the fastest-growing segment of the concrete admixtures market.

Based on application, residential was the largest segment of concrete admixtures market, in terms of value, in 2022.

The residential sector claims the position of the largest application in the water concrete-proofing admixtures market due to a confluence of factors. The surge in residential construction, fueled by ongoing urbanization and escalating housing demands, propels a consistent need for concrete admixture solutions. Growing awareness among homeowners regarding the long-term benefits of concrete admixtures, such as shielding homes from leaks, strength, durability, water reduction, dampness, and mold, fosters their widespread adoption. Crucially, the application of these admixtures in residential construction serves as a preventive measure against potential structural damage caused by water, harsh weather, and others.

Asia Pacific accounted for the largest market share for the concrete admixtures market, in terms of value, in 2022.

Asia Pacific is a promising market for concrete admixtures for several reasons, including the rising disposal income in this region, the low labor cost of construction workers, and mounting urbanization and infrastructural projects in developing countries such as China, India, South Korea, and Indonesia. Moreover, the major manufacturers have manufacturing plants in this region. Thus, the Asia Pacific accounts for the largest share of the global concrete admixture market.

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Key Market Players

Sika AG (Switzerland), Saint-Gobain S.A. (France), Mapei S.p.A. (Italy), RPM International Inc. (US), Fosroc, Inc. (UAE), Arkema (France), Dow Inc. (US) Xypex Chemical Corporation (Canada), RPM International Inc. (US), and among others, these are the key manufacturers that secured major market share in the last few years.

Read More: Concrete Admixtures Companies

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Scope of the Report

This report categorizes the global Concrete Admixtures market based on type, application, and region.

On the basis of type, the concrete admixtures market has been segmented as follows:

• Superplasticizers
• Normal Plasticizers
• Accelerating Admixtures
• Retarding Admixtures
• Air-entraining Admixtures
• Waterproofing Admixtures
• Others

On the basis of application, the concrete admixtures market has been segmented as follows:

• Residential
• Commercial
• Infrastructure

On the basis of region, the concrete admixtures market has been segmented as follows:

• Asia Pacific
• Europe
• North America
• Middle East & Arica
• South America

Recent Developments

• In May 2023, Sika completed the acquisition of MBCC Group after having received all necessary regulatory approvals.
• In September 2022, Saint-Gobain acquired GCP Applied Technologies, which will be seamlessly integrated into Chryso Inc.. It is a subsidiary within Saint-Gobain's High Performance Solutions segment, enhancing the company's comprehensive offerings in this domain.
• In September 2023, MAPEI S.p.A. opened a new powders and admixtures manufacturing plant in Laval, Canada. This new powder line has production capacity of 30,000 tons per year per shift. 
• In July 2021, RPM International Inc. announced that it had acquired Texas manufacturing plant from ChampionX Corporation to meet customer demand and enhance operational efficiencies of its Tremco Construction Products Group.
• In July 2023, Fosroc Inc. opened its third experience center in India, located at the Bengaluru Head Office on Infantry Road.

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