Global Concrete Admixtures Market Overview
Concrete admixtures have long been recognized as vital components of concrete used to improve its performance. Booming construction activities and the growing need to enhance the concrete properties drive the demand for concrete admixtures. Rapid urbanization, growing migration, increasing construction of tall buildings, and recent developments in the modern infrastructure industry are foreseen to reflect on concrete admixture demand. Concrete admixtures are added to the concrete as a specified volume in relation to the mass of total cementitious material. There are many kinds of concrete admixtures that can function in various ways to modify the chemical and physical properties of concrete. A concrete admixture serves to extend life cycles, recycle materials, lower permeability, manage stormwater, and reduced energy usage. Concrete admixtures have been used to help concrete producers meet sustainability requirements that are necessary for modern construction.
According to Value Market Research, the global concrete admixtures market size was valued at about USD 16.8 billion in 2020 and is estimated to grow at a CAGR of around 5 % during the forecast period 2021 to 2027.
The construction sector is embracing many changes in terms of quality and way of work done. Formation of mega-cities, rising living standards, demand for quality construction work, rapid developments in emerging countries, and increasing construction expenditures in new construction and improvement & repair projects propel the demand for concrete admixtures. Concrete admixtures will witness innovation with the constant enhancement in concrete quality requirements in the construction industry, advances in chemical technologies, and the launch of new chemical materials. However, economic slowdown and budget constraints are hindering demand for concrete admixture.
The global concrete admixtures market is consolidated and is dominated by prominent players. Key players are launching concrete admixtures that improve productivity and ensure buildings' durability with suitable for all types of construction projects, including infrastructures, traffic decks, industrial, car parks, commercial and residential buildings. Sika AG, BASF SE, GCP Applied Technologies, Inc., RPM International, Inc., Fosroc, Inc., Mapei SpA, CHYRSO SAS, Rhein-Chemotechnik GmbH, and Fuclear Technologies Inc. are key players operating in the global admixture concrete market.
In this research report, the concrete admixtures market is segmented by product type, end-use sector, and region.
Analysis, by Product Type
By product type, the market is fragmented into superplasticizers, normal plasticizers, accelerating admixtures, retarding admixtures, air-entraining admixtures, waterproofing admixtures, and others. Superplasticizer is anticipated to propel at the highest rate during the forecast period. The segment is most lucrative among product segments. Superplasticizer is vital for enhancing the workability and setting the time of concrete in hot weather. Adverse effects of temperature on the properties of fresh concrete include shorter setting time, increased water demand, and increased slump loss resulting in increased use of superplasticizer. Superplasticizer works by giving the cement particles a highly negative charge to repel each other due to the same electrostatic charge, leading to reduced water consumption and longer setting time.
Analysis, by End-Use Sector
By end-user sector, the market is segmented into residential, commercial, and infrastructure. The infrastructure segment held the most significant share of the global concrete admixture market. Globally, the government is heavily investing in the construction sector. The infrastructural facilities such as roads, railways, metro rails, and buildings are renovated to potentially increase people's productivity and seamless functioning, and the economy. Emerging smart city trends influenced by digitalization, automation, and security create many opportunities for market growth.
Analysis, by Region
Based on region, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific is projected to grow at the fastest pace during the forecast period. Rapid industrialization and urbanization in countries such as China, India, and Japan and the rising use of innovative products to boost lifecycle and overall concrete performance drive regional demand. North America and Europe are predicted to grow at an impressive rate due to the growing construction activities and stringent policies to improve energy efficiency and promote sustainable construction techniques to minimize greenhouse gas emissions. Growth opportunities are also witnessed from Middle-East and Africa, and Latin America.
Market Segmentation covered in the Report:
By Product Type
By End-Use Sector
- Normal plasticizers
- Accelerating admixtures
- Retarding admixtures
- Air-entraining admixtures
- Water-proofing admixtures
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.