The global concrete admixture market was worth around USD 17.5 billion in 2021 and is estimated to grow to about USD 24.68 billion by 2028, with a compound annual growth rate (CAGR) of approximately 5.9 percent over the forecast period.
Industry Prospective:
The global concrete admixture market was worth around USD 17.5 billion in 2021 and is estimated to grow to about USD 24.68 billion by 2028, with a compound annual growth rate (CAGR) of approximately 5.9 percent over the forecast period. The report analyzes the concrete admixture market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the concrete admixture market.
Concrete Admixture Market: Overview
Concrete admixtures are used to improve the quality of concrete in the construction industry and rising demand for better infrastructure and advancing construction technologies are expected to boost the Concrete admixture market growth over the forecast period.
Rapid advancements in building technologies, increasing demand for sustainable construction, rising research and development, increasing availability of Concrete admixture, changing construction industry landscape, rapid infrastructural developments are some of the major factors that propel Concrete admixture market potential through 2028.
Rising costs of Concrete admixture and the presence of toxic and harmful chemicals in them are expected to act as major constraining factors for the Concrete admixture market over the forecast period.
COVID-19 Impact:
The COVID-19 pandemic restricted construction activity on a global scale and had a major adverse impact on the Concrete admixture market growth. Demand and supply chain gaps created a shortage of raw materials which hampered construction activities all over the globe under the lockdown restrictions placed to contain the spread of coronavirus infections.
Additionally, inadequate availability of skilled labor and strict restrictions prohibiting construction activity majorly restrained concrete admixture market growth in 2020.
The negative trend of the market is expected to diminish as the pandemic subsides and the world construction activity resumes. The Concrete admixture market is expected to rise at a steady pace in the post-pandemic era and Concrete admixture manufacturers are expected to restore Concrete admixture market growth trend to normal.
Concrete Admixture Market: Growth Drivers
Rising adoption of superplasticizers to Drive Concrete Admixture Market Growth
Superplasticizers are gaining massive popularity in recent times as they substantially reduce the requirement of water in construction and this is a major positive point for multiple construction companies as they are looking for alternatives to reduce the use of water in activity. These admixtures provide all these benefits without compromising the integrity and strength of the construction.
Concrete admixture Market: Restraints
Adverse Impact on Environment and Human Health
The increasing cost of basic and intermediate chemicals used in the formulation of concrete admixtures is anticipated to prove a major obstacle in Concrete admixture market growth and this is expected to be a major issue as the sustainability trend bolsters. The rising demand to reduce the use of harmful chemicals is expected to adversely affect sales of Concrete admixture through 2028
Global Concrete Admixture Market: Segmentation
The global concrete admixture market is segregated based on product, application, and region.
By Product, the market is divided into superplasticizers, accelerators, retarders, water reducers, air entraining mixture, fly ash, silicate fume, plasticizers, synthetic CSH, and others. The air-entraining admixtures segment is projected to rise at the fastest CAGR over the forecast period owing to its characteristic ability to stabilize microscopic air bubbles in concrete which makes it a more strong solution and improves the overall quality of construction
By Application, the concrete admixture market is segmented into residential, non-residential, commercial. The residential application segment is expected to see rapid growth in multiple regions owing to rising urbanization and increasing demand for housing on a global scale. Leading markets for this segment are expected to be India, China, and the Unites States. The non-residential and commercial segments are expected to be propelled by rising industrialization on a global scale and are expected to see the fastest growth through 2028.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Recent Developments
Regional Landscape
The Concrete admixture market in the Asia Pacific region leads the global concrete admixture market and is expected to account for a dominant share throughout the forecast period. Rapid urbanization and industrialization have fueled the demand for infrastructure in this region and this is expected to majorly increase the construction activity in this region and drive the demand for Concrete admixture through 2028. India and China are expected to lead the demand for concrete admixtures market in the Asia Pacific region.
The market for concrete admixture in Europe is anticipated to exhibit lucrative opportunities for Concrete admixture manufacturers and is projected to be a significant contributor to the global Concrete admixture market landscape over the forecast period. Sustainability is expected to be a major trend governing Concrete admixture market growth in this region through 2028.
Competitive Landscape
Some of the main competitors dominating the global concrete admixture market include - Bosch Packaging Technology, Krones AG, Optima Packaging Group GmbH, Pro Mach Inc., Gebo Cermex, IMA S.p.A., Festo Corporation, Combi Packaging Systems LLC, DS Smith plc, Schneider Packaging Equipment.
Global concrete admixture market is segmented as follows:
By Product
By Application
By Region
List of Figures
1. Market Research Process
2. Market Research Methodology
3. Global Concrete Admixture Market Volume and Revenue, 2015 - 2024 (Kilotons) (USD Billion)
4. Value Chain Analysis
5. Porter’s Five Forces Analysis
6. Concrete Admixture: Market Attractiveness Analysis, By Type Segment
7. Concrete Admixture: Market Attractiveness Analysis, By Application Segment
8. Concrete Admixture: Market Attractiveness Analysis, By Regional Segment
9. Company Market Share Analysis, 2017
10. Global Concrete Admixture Market Volume share by Type, 2017 and 2024
11. Global Concrete Admixture Market by Normal Plasticizers, 2015 - 2024 (Kilotons) (USD Billion)
12. Global Concrete Admixture Market by Retarding Agents, 2015 - 2024 (Kilotons) (USD Billion)
13. Global Concrete Admixture Market by Waterproofing Agents, 2015 - 2024 (Kilotons) (USD Billion)
14. Global Concrete Admixture Market by Superplasticizers, 2015 - 2024 (Kilotons) (USD Billion)
15. Global Concrete Admixture Market by Accelerating Agents, 2015 - 2024 (Kilotons) (USD Billion)
16. Global Concrete Admixture Market by Air-Entraining Agents, 2015 - 2024 (Kilotons) (USD Billion)
17. Global Concrete Admixture Market by Others, 2015 - 2024 (Kilotons) (USD Billion)
18. Global Concrete Admixture Market Volume share by Application, 2017 and 2024
19. Global Concrete Admixture Market by Infrastructure, 2015 - 2024 (Kilotons) (USD Billion)
20. Global Concrete Admixture Market by Residential, 2015 - 2024 (Kilotons) (USD Billion)
21. Global Concrete Admixture Market by Non-Residential, 2015 - 2024 (Kilotons) (USD Billion)
22. Global Concrete Admixture Market Volume Share By Region, 2017 and 2024
23. North America Concrete Admixture Market, 2015 - 2024, (Kilotons) (USD Billion)
24. U.S. Concrete Admixture Market, 2015 - 2024, (Kilotons) (USD Billion)
25. Europe Concrete Admixture Market, 2015 - 2024, (Kilotons) (USD Billion)
26. UK Concrete Admixture Market, 2015 - 2024, (Kilotons) (USD Billion)
27. France Concrete Admixture Market, 2015 - 2024, (Kilotons) (USD Billion)
28. Germany Concrete Admixture Market, 2015 - 2024, (Kilotons) (USD Billion)
29. Asia Pacific Concrete Admixture Market, 2015 - 2024, (Kilotons) (USD Billion)
30. China Concrete Admixture Market, 2015 - 2024, (Kilotons) (USD Billion)
31. Japan Concrete Admixture Market, 2015 - 2024, (Kilotons) (USD Billion)
32. India Concrete Admixture Market, 2015 - 2024, (Kilotons) (USD Billion)
33. Latin America Concrete Admixture Market, 2015 - 2024, (Kilotons) (USD Billion)
34. Brazil Concrete Admixture Market, 2015 - 2024, (Kilotons) (USD Billion)
35. Middle East & Africa Concrete Admixture Market, 2015 - 2024, (Kilotons) (USD Billion)
List of Tables
1. Concrete Admixture Market: Market snapshot
2. Product Source of Concrete Admixture Market
3. Drivers of global Concrete Admixture Market: Impact analysis
4. Restraints of global Concrete Admixture Market: Impact analysis
5. North America Concrete Admixture Market Volume, By Type, 2015 - 2024 (Kilotons)
6. North America Concrete Admixture Market Revenue, By Type, 2015 - 2024 (USD Billion)
7. North America Concrete Admixture Market Volume, By Application, 2015 - 2024 (Kilotons)
8. North America Concrete Admixture Market Revenue, By Application, 2015 - 2024 (USD Billion)
9. U.S. Concrete Admixture Market Volume, By Type, 2015 - 2024 (Kilotons)
10. U.S. Concrete Admixture Market Revenue, By Type, 2015 - 2024 (USD Billion)
11. U.S. Concrete Admixture Market Volume, By Application, 2015 - 2024 (Kilotons)
12. U.S. Concrete Admixture Market Revenue, By Application, 2015 - 2024 (USD Billion)
13. Europe Concrete Admixture Market Volume, By Type, 2015 - 2024 (Kilotons)
14. Europe Concrete Admixture Market Revenue, By Type, 2015 - 2024 (USD Billion)
15. Europe Concrete Admixture Market Volume, By Application, 2015 - 2024 (Kilotons)
16. Europe Concrete Admixture Market Revenue, By Application, 2015 - 2024 (USD Billion)
17. UK Concrete Admixture Market Volume, By Type, 2015 - 2024 (Kilotons)
18. UK Concrete Admixture Market Revenue, By Type, 2015 - 2024 (USD Billion)
19. UK Concrete Admixture Market Volume, By Application, 2015 - 2024 (Kilotons)
20. UK Concrete Admixture Market Revenue, By Application, 2015 - 2024 (USD Billion)
21. France Concrete Admixture Market Volume, By Type, 2015 - 2024 (Kilotons)
22. France Concrete Admixture Market Revenue, By Type, 2015 - 2024 (USD Billion)
23. France Concrete Admixture Market Volume, By Application, 2015 - 2024 (Kilotons)
24. France Concrete Admixture Market Revenue, By Application, 2015 - 2024 (USD Billion)
25. Germany Concrete Admixture Market Volume, By Type, 2015 - 2024 (Kilotons)
26. Germany Concrete Admixture Market Revenue, By Type, 2015 - 2024 (USD Billion)
27. Germany Concrete Admixture Market Volume, By Application, 2015 - 2024 (Kilotons)
28. Germany Concrete Admixture Market Revenue, By Application, 2015 - 2024 (USD Billion)
29. Asia Pacific Concrete Admixture Market Volume, By Type, 2015 - 2024 (Kilotons)
30. Asia Pacific Concrete Admixture Market Revenue, By Type 2015 - 2024 (USD Billion)
31. Asia Pacific Concrete Admixture Market Volume, By Application, 2015 - 2024 ( Kilotons)
32. Asia Pacific Concrete Admixture Market Revenue, By Application, 2015 - 2024 (USD Billion)
33. China Concrete Admixture Market Volume, By Type, 2015 - 2024 (Kilotons)
34. China Concrete Admixture Market Revenue, By Type, 2015 - 2024 (USD Billion)
35. China Concrete Admixture Market Volume, By Application, 2015 - 2024 (Kilotons)
36. China Concrete Admixture Market Revenue, By Application, 2015 - 2024 (USD Billion)
37. Japan Concrete Admixture Market Volume, By Type, 2015 - 2024 (Kilotons)
38. Japan Concrete Admixture Market Revenue, By Type, 2015 - 2024 (USD Billion)
39. Japan Concrete Admixture Market Volume, By Application, 2015 - 2024 (Kilotons)
40. Japan Concrete Admixture Market Revenue, By Application, 2015 - 2024 (USD Billion)
41. India Concrete Admixture Market Volume, By Type, 2015 - 2024 (Kilotons)
42. India Concrete Admixture Market Revenue, By Type, 2015 - 2024 (USD Billion)
43. India Concrete Admixture Market Volume, By Application, 2015 - 2024 (Kilotons)
44. India Concrete Admixture Market Revenue, By Application, 2015 - 2024 (USD Billion)
45. Latin America Concrete Admixture Market Volume, By Type, 2015 - 2024 (Kilotons)
46. Latin America Concrete Admixture Market Revenue, By Type - 2022 (USD Billion)
47. Latin America Concrete Admixture Market Revenue, By Application, 2015 - 2024 (USD Billion)
48. Latin America Concrete Admixture Market Volume, By Application, 2015 - 2024 (Kilotons)
49. Brazil Concrete Admixture Market Volume, By Type, 2015 - 2024 (Kilotons)
50. Brazil Concrete Admixture Market Revenue, By Type, 2015 - 2024 (USD Billion)
51. Brazil Concrete Admixture Market Volume, By Application, 2015 - 2024 (Kilotons)
52. Brazil Concrete Admixture Market Revenue, By Application, 2015 - 2024 (USD Billion)
53. Middle East and Africa Concrete Admixture Market Volume, By Type, 2015 - 2024 ( Kilotons)
54. Middle East and Africa Concrete Admixture Market Revenue, By Type, 2015 - 2024 (USD Billion)
55. Middle East and Africa Concrete Admixture Market Volume, By Application, 2015 - 2024 (Kilotons)
56. Middle East and Africa Concrete Admixture Market Revenue, Application, 2015 - 2024 (USD Billion)
Admixtures are ingredients other than aggregates, water, fibers, and hydraulic cement, which are added to the concrete batch directly before or during mixing, in nominal quantities.
The global concrete admixture market is anticipated to grow at a substantial rate during the forecast period. The growing infrastructural developments in the emerging economies fuel the market growth. The increased use of concrete admixtures is widely observed in infrastructure, residential, and nonresidential constructions in most of the regions. The increased demand for concrete admixtures in the infrastructure industry is anticipated to be the prime driver for the global concrete admixture market. The increased requirement for quality constructions and rapid rate of urbanization is driving the growth of the concrete admixture market. Implementation of government rules and regulations regarding construction quality and the upcoming infrastructure development programs have created the need for the development of new quality products such as concrete admixtures thus propelling the growth of concrete admixture market. Fluctuating raw material prices of the concrete admixtures may hinder the market growth. Less awareness about the benefits of concrete admixtures in underdeveloped regions may slow down the market’s margin. Nonetheless, product innovation and emerging markets in the Asia Pacific is likely to open new avenues for the major players of the market during the years to come.
Global concrete admixture market has been segmented on the basis of type, application, and region. On the basis of types, the global concrete admixture market is classified into retarding agents, normal plasticizers, waterproofing agents, accelerating agents, superplasticizers, air-entraining agents, and others. Retarding agents segment was the most attractive segment of the market in 2017 and it accounted for a significant share.
Based on applications, the global concrete admixture market is mainly divided into the residential, non-residential, and infrastructure applications. In terms of value, infrastructure applications are expected to grow at highest CAGR over the next few years owing to increasing infrastructural applications. Infrastructure application was the leading end-user industry segment for the global concrete admixture market in 2017.
In terms of geographies, the concrete admixture market has been classified into major regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2017, Asia Pacific is anticipated to be the main market for concrete admixtures. Asia Pacific growth is mainly attributed to the rising demand for concrete admixtures from various emerging countries especially China and India. Moreover, Asia Pacific is predicted to be the fastest growing market of concrete admixtures in the near future owing to the increasing demand for highways, houses, bridges, sidewalks, and skyscrapers applications in the region. The Asia Pacific was followed by North America and Europe. These markets are mature markets for concrete admixture and thus, are considered to witness a stagnant growth rate over the forthcoming years. The market growth rate in developing economies of Latin America and the Middle East and Africa is expected to stay higher within the forecast period.
The major players of the global concrete admixture market include BASF SE, SIKA AG, The Dow Chemical Company, W.R. Grace & Co., CICO Technologies Ltd., Cemex S.A.B. De C.V., Fosroc International Ltd., RPM International Inc., Ashland Inc., Pidilite Industries, Chryso S.A.S, and Mapei South Africa (PTY) Ltd., among others.
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Increasing demand for infrastructure, rising industrialization, and increasing popularity of superplasticizers are some major trends that guide concrete admixture market growth.
According to the Zion Market Research report, the global concrete admixture market was worth about US$ 17.5 billion in 2021 and is predicted to grow to around US$ 24.68 billion by 2028, with a compound annual growth rate (CAGR) of around 5.9 percent.
The Concrete admixture market in the Asia Pacific region leads the global concrete admixture market and is expected to account for a dominant share throughout the forecast period. Rapid urbanization and industrialization are anticipated to be major trends.
Some of the main competitors dominating the global concrete admixture market include -- Bosch Packaging Technology, Krones AG, Optima Packaging Group GmbH, Pro Mach Inc., Gebo Cermex, IMA S.p.A., Festo Corporation, Combi Packaging Systems LLC, DS Smith plc, Schneider Packaging Equipment.
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