Concrete Admixtures Market By Product Type (Air Entraining Admixtures, Water Reducing Admixtures, Accelerating Admixtures, Waterproofing Admixtures and Others), By Application (Commercial, Residential, Industrial and Infrastructure), and By Region - Trends, Analysis and Forecast till 2034

Report Code: PMI513623 | Publish Date: February 2024 | No. of Pages: 170

Concrete Admixtures Market Overview

Concrete Admixtures Market accounted for USD 19.8 Billion in 2024 and is estimated to be USD 32.3 Billion by 2034 and is anticipated to register a CAGR of 5.00%.

Concrete Admixtures are additives which are natural or manufactured chemicals added to the concrete batches to enhance hardened concrete such as durability, workability and final strength. Wide variety of benefits of admixtures is likely to propel market growth.

Growing construction activities across globe at commercial and residential sector has provided lucrative opportunities in market growth. Presence of major players and new launched innovative product has further, facilitated the demand for market growth. Strategic partnerships and acquisitions of companies to expand the business in concrete market and rising demand for sustainable construction activities with use of eco-friendly products is expected to foster the demand for Concrete Admixtures market growth over the forecast period.

Concrete Admixtures Market Drivers & Restraints

Growing Construction Industries & Infrastructure Projects to Fuel Market Growth

Rapidly growing population & urbanization and increase in infrastructure projects has boost the construction industries across globe. Huge investment by government and private sectors in infrastructure projects such as roads, commercial & residential buildings, airports, bridges has given rise in construction activities which in turn facilitate the demand for Concrete Admixtures market growth. The beneficial properties of concrete admixture such as in improving workability with low amount of water, reduction in cost of concrete construction and for modifying the properties of hardened concrete has provided excellent choice of admixture for construction industries.

For instance, in July 2023, the Master Builders Solutions signed a contract with Femern Link Contractors A/S to supply concrete admixtures for development in massive project of the world’s longest sunken tunnel ‘Fehmarnbelt’ under the seaway to reduce the journey time from Copenhagen to Hamburg which will take only ten minutes from three hours.

Restrains:

However, high initial cost of advanced concrete admixtures for construction projects has restrained the Concrete Admixtures Market growth. Further, stringent rules & regulations regarding environmental impact and safety and to obtain its certifications is the challenging process for manufacturers which in turn, hampered the Concrete Admixtures Market growth.

Concrete Admixtures Market Segmentations & Regional Insights

Concrete Admixtures Market is segmented based on Product Type, Application and Region.

Product Type Insight

  • On the basis of Product Type, Concrete Admixtures Market is segmented into Air Entraining Admixtures, Water Reducing Admixtures, Accelerating Admixtures, Waterproofing Admixtures and Others. Water Reducing Admixtures product type segment is expected to dominate the target market growth as it is widely used in construction industries. Further, the mixture becomes dense and offers high strength when amount of water is reduced in concrete mixture and thus, enhance the overall performance by fuelling segment growth.

Application Insights

  • On the basis of Application, Concrete Admixtures Market is segmented into Commercial, Residential, Industrial and Infrastructure. The residential application segment is expected to dominate the target market growth. Rapid growth in urbanization, high disposable income and growing demand for residential buildings has boost the segment growth.

Regional Insights:

  • On region the Concrete Admixtures Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period. Moreover, rapidly growing population & urbanization, growing economic status, growing investment in infrastructure and housing projects, rapid growth in industrialization & construction activities is anticipated to increase demand for Concrete Admixtures in the region.

Concrete Admixtures Market Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Product Type - Air Entraining Admixtures, Water Reducing Admixtures, Accelerating Admixtures, Waterproofing Admixtures and Others

By Application - Commercial, Residential, Industrial and Infrastructure

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Concrete Admixtures Market report based on Product Type, Application and Region:

Concrete Admixtures Market, By Product Type:

  • Air Entraining Admixtures
  • Water Reducing Admixtures
  • Plasticizers
  • Super-plasticizers
  • Accelerating Admixtures
  • Waterproofing Admixtures
  • Retarding Admixtures
  • Others

Concrete Admixtures Market, By Application:

  • Commercial
  • Residential
  • Industrial
  • Infrastructure

Concrete Admixtures Market, By Region:

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

Concrete Admixtures Market Competitive Landscape & Key Players

The key players operating the Concrete Admixtures Market includes, Sika AG, RPM International Inc., BASF SE, Mapei SpA, GCP Applied Technologies Inc., Rhein-Chemotechnik GmbH, Fosroc International Inc., CHYRSO SAS, Shangdong Wanshan Chemical Co. Ltd., Fritz-Pak Corporation and others.

Concrete Admixtures Market Recent News

  • In January 2023, CEMEX launched new range of bio-sourced admixtures for reduction of carbon footprint. These newly developed admixtures are natural, locally sourced raw material and renewable. The new range of admixtures are ISOFLEX BIO, ISOPLAST BIO, ISOMILL BIO and ISOFLOW BIO.
  • In January 2023, BGS (Bio Graphene Solutions) launched new graphene enhanced admixture for concrete market which help in reducing use of cement and also provides reduction in GHG (greenhouse gas) emissions.
  • In February 2022, Euclid Chemical launched three new concrete admixtures at the ‘World of Concrete’ event of building professionals. The new launched ‘EUCOSHIELD’ ready to use liquid admixture is designed to use as integral finishing and also help in preventing rapid moisture loss by binding of internal water in pored structure from concrete surface.

Concrete Admixtures Market Company Profile

FAQs

The Concrete Admixtures Market is segmented into Product Type, Application and Region.

Concrete Admixtures Market is driven by factors like growing construction industries & infrastructure projects.

By region, the Concrete Admixtures Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the Concrete Admixtures Market includes, Sika AG, RPM International Inc., BASF SE, Mapei SpA, GCP Applied Technologies Inc., Rhein-Chemotechnik GmbH, Fosroc International Inc., CHYRSO SAS, Shangdong Wanshan Chemical Co. Ltd., Fritz-Pak Corporation and others.

Concrete Admixtures Market accounted for US$ 19.8 billion in 2024 and is estimated to be US$ 32.3 billion by 2034 and is anticipated to register a CAGR of 5.00%.