Concrete Admixtures Market Size, Share, Analysis, Trends, Growth, 2032

Concrete Admixtures Industry Prospective:

The global concrete admixtures market size was evaluated at $14 billion in 2023 and is slated to hit $23 billion by the end of 2032 with a CAGR of nearly 6% between 2024 and 2032.

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Concrete Admixtures Market: Overview

Concrete admixtures are kind of additive mixtures that are utilized in the manufacturing of various types of concrete such as sprayed concrete, pre-cast concrete, and ultra-high-performing concrete for improving their structural features. Reportedly, these structural characteristics include longevity, improved modular ratio, and enhanced unit mass. These characteristics can be acquired with the help of a slew of admixtures such as accelerating admixtures, retarding admixtures, water-reducing admixtures, and air-entraining admixtures.

Key Insights

• As per the analysis shared by our research analyst, the global concrete admixtures market is projected to expand annually at the annual growth rate of around 6% over the forecast timespan (2024-2032)
• In terms of revenue, the global concrete admixtures market size was evaluated at nearly $14 billion in 2023 and is expected to reach $23 billion by 2032.
• The global concrete admixtures market is anticipated to grow rapidly over the forecast timeline owing to the flourishing construction sector and excellent functions provided by concrete admixtures.
• In terms of type, the water reducing admixtures segment is slated to register the highest CAGR over the forecast period.
• Based on application, the residential segment is predicted to contribute majorly towards the global industry share in the upcoming years.
• Region-wise, the European concrete admixtures industry is projected to register the fastest CAGR during the projected timespan.

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Concrete Admixtures Market: Growth Factors

Thriving construction activities are likely to spur the global market surge over the forecast period

Flourishing construction sector and excellent functions provided by concrete admixtures will spur the global concrete admixtures market expansion. Favorable government schemes and the need for strong infrastructure facilities along with rise in the urbanization will boost global market trends. Technological breakthroughs and an increase in the population across the globe will account humungously toward the global market size. Growing need for sustainable construction practices along with surging environmental concerns will spearhead the growth of the global market. New product launches are projected to expedite the market expansion across the globe.

Concrete Admixtures Market: Restraints

Oscillations in the supply chain can hinder the growth of the industry globally

Huge raw component costs and strict government laws related to construction materials are anticipated to hamper the growth of the global concrete admixtures industry. Supply chain disruptions are projected to hinder the growth of the global industry.

Concrete Admixtures Market: Opportunities

Availability of strong infrastructure facilities can open new growth avenues for the global market

Rapidly expanding infrastructure along with a thriving tourism sector is anticipated to open new growth facets for the global concrete admixtures market. Apart from this, a surge in green construction activities will further expand the scope of growth for the global market.

Concrete Admixtures Market: Challenges

Low knowhow of the various advantages offered by the product can challenge the growth of the global industry  

Lack of awareness about the product benefits and the presence of unorganized construction activities can decimate the growth of the concrete admixtures industry in the years ahead. In addition to this, easy availability of product substitutes can further shrink the global industry expansion.

Concrete Admixtures Market: Segmentation

The global concrete admixtures market is divided into type, application, and region.                                          

In terms of type, the concrete admixtures market across the globe is bifurcated into water reducing admixtures, air entraining admixtures, and accelerating admixtures segments. Additionally, the water reducing admixtures segment, which gained approximately 48% of the global market earnings in 2023, is predicted to record the fastest CAGR in the forecast timeline. The expansion of the segment in the next eight years can be due to the escalating need of maintaining an adequate quantity of water in the concrete mixture.

Based on the application, the global concrete admixtures industry is divided into commercial, residential, industrial, and infrastructure segments. Furthermore, the residential segment, which accrued approximately 38% of the global industry earnings in 2023, is set to make major contributions towards the global industry revenue in the coming eight years. The expansion of the segment in the forecast timeline can be credited to the surging population along with the growing need for single-family housing structures.

Concrete Admixtures Market: Report Scope

Concrete Admixtures Market: Regional Insights

Asia-Pacific is expected to maintain leadership position in the global market in the forecast timeline

Asia-Pacific, which accounted for 53% of the global concrete admixtures market revenue in 2023, is expected to establish a key position in the global market in the next few years. In addition to this, the regional market surge during the forecast period can be attributed to an increase in construction activities with a surge in the population in countries such as India and China. Moreover, rapid infrastructural development in these countries will prop up the growth of market in the region.

The European concrete admixtures industry is slated to register the highest growth rate annually in the coming eight years. The growth of the industry in the continent can be due to a rise in the rate of lending and the growing cost of construction activities. Presence of key players in countries such as the UK, France, Russia, Germany, and the Netherlands will spur the industry surge in the continent.

Key Developments

• In the first quarter of 2023, CEMEX S.A.B. de C.V. introduced a variety of bio-sourced admixtures for reducing carbon footprints.
• In May 2022, Sika AG established a new unit in Bolivia and increased its concrete admixtures capacity.

Concrete Admixtures Market: Competitive Space

The global concrete admixtures market profiles key players such as:

• CICO Technologies Ltd
• Fosroc International
• RPM International
• BASF SE
• Dow Chemical Company
• Ashland Inc.
• W.R. Grace & Co
• Chryso SAS
• Sika AG.

The global concrete admixtures market is segmented as follows:

By Type

• Water Reducing Admixtures
• Air Entraining Admixtures
•  Accelerating Admixtures

By Application

• Commercial
• Residential
• Industrial
• Infrastructure

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa