Booming construction sector owing to the growing demand for high-rise buildings, bridges, pavements, tunnels, commercial complexes, and other infrastructures is the generating need for concrete admixtures. Robust urbanization and increasing middle-class population are fueling the demand for residential buildings. Also, rising usage of concrete mixtures to increase the durability and workability of the concrete is again boosting the market growth. In addition to this, admixtures offer better durability, high strength, water resistance and high finish to the building are spurring the market growth.
The latest report by Value Market Research, the Global Concrete Admixtures Market is expected to reach USD 38.41 billion by 2025, with a CAGR of 8.5%.
Normal Plasticizer Dominated The Segment
In 2018, normal plasticizer led the type segment by accounting major market share. Plasticizer offers excellent plasticity and high water to cement ratio when added in concrete. Rising demand of normal plasticizer to reduce water content by maintaining workability is driving the segment growth.
Infrastructure-Led The Application Segment
By application, infrastructure emerged as a leading segment in 2018. Rising construction of roads, pavements, dams, tunnels, and other public utility infrastructure is driving the market demand. Concrete admixtures offer excellent and long-term resistance to cracking, shrinkage and steel corrosion is boosting the segment growth.
SNF Emerged As The Leading Raw Material
SNF dominated the segment by contributing major market share in 2018. SNF offers high strength, better dispersant, low foaming, water-reducing properties has driven its demand for concrete admixture production. Extensive usage of SNF owing to its ability to increase concrete workability and construction speed is fueling the segment growth.
Asia Pacific Dominated The Regional Market
Geographically, Asia Pacific led the market owing to increasing construction activities along with robust industrialization in developing economies is majorly driving the regional market.
Major Players Of The Market
The major players of the concrete admixture are BASF SE, CHRYSO SAS, Fosroc, Mapei S.p.A., Pidilite Industries, RPM International, Sika AG and The Dow Chemical Company.
As per this study the Global Concrete Admixture Market was valued USD XX.XX BN (by revenue) in 2019 and is anticipated to reach USD XX.XX BN by 2026 with a CAGR of X.X%. By volume, the market was estimated XXX KT in 2019 and is expected to reach XXX KT by 2026 with a CAGR of X.X%.
Concrete admixture refers to the ingredients added to concrete immediately before or during mixing. These are used to reduce cost, enhance properties and to maintain concrete quality throughout production and application process such as mixing, placing, transporting, etc. A wide range of admixtures such as water reducer, air entraining, accelerating admixtures, superplasticizer, etc. are available to increase workability and durability of concrete.
The market is major driven by ongoing construction activities across residential and commercial sector. Rising demand of efficient admixtures to increase durability and workability of concrete is boosting the market growth. Also, raising awareness among the users, regarding benefits associated with admixtures is pushing the market demand high. Moreover, growing global population leading to rise in demand for residential infrastructure is likely to spur the market demand in the forecasting period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of concrete admixture.
The broad concrete admixture market has been sub-grouped into type, application and raw-material. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Normal Plasticizer
- Retarding Agent
- Waterproof Agent
- Accelerating Agent
- Air-Entraining Agent
By Raw Material
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for concrete admixture in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Concrete Admixture Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the concrete admixture market include BASF SE, CHRYSO SAS, Fosroc, Mapei S.p.A., Pidilite Industries, RPM International, Sika AG and The Dow Chemical Company. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.