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Concrete Admixtures Market Analysis by Type (Water Reducing Admixtures, Accelerating Admixtures, Water Proofing Admixtures, Retarding Admixtures, and Air Entraining Admixtures); and by Application (Residential, Infrastructure, Commercial, and Industrial) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  •  In Stafford, Virginia, Sika AG is expected to open a new manufacturing facility for concrete admixtures. Sika is expanding its manufacturing capacity in the significant American construction industry with the launch of the factory close to Washington, D.C., in order to quickly meet the high demand in the Northeast and Mid-Atlantic areas.

  • In Atsugi, Japan, GCP Applied Technologies Inc. established a cutting-edge concrete admixture facility. The production capacity was originally manufactured at the GCP plant in Darex, which was sold to Henkel. The investment improves manufacturing efficiencies while incorporating the most recent environmental and safety safeguards.

 

Global Concrete Admixtures Market Size, Forecast, and Trend Highlights Over 2023 - 2033

Base Year

2022

Forecast Year

2023-2033

CAGR

~9%

Base Year Market Size (2022)

~ USD 19 Billion

Forecast Year Market Size (2033)

~ USD 32 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)

 

The global concrete admixtures market is estimated to garner a revenue of ~USD 32 Billion by the end of 2033 by growing at a CAGR of ~9% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 19 Billion in the year 2022. The growth of the market can be attributed to boosting demand for more construction activities, a growing number of constructions including commercial and residential buildings, and increasing renovation works across the world. For instance, it is anticipated that 3,500 new structures would be added each day by construction workers by the year 2050.

concrete-admixture-market.Get more information on this report:Download Sample PDF

Additionally, there has been growing investment made by the government in the construction industry, a growing population with rising income, and the development of smart cities through government projects which are also estimated to drive market growth. In March 2021, the Indian Parliament adopted a bill to create the National Bank for Financing Infrastructure and Development (NaBFID), a development finance institution with a budget of about USD 3 billion, to finance infrastructure projects in India.

Global Concrete Admixtures Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Urban Population in the Low-Income and Developing Countries Across the World - By the year 2050, 68% of the world's population is expected to reside in cities, up from 55% in 2018. It is anticipated that there would be an increase in construction activities owing to the significant population movement in urban areas. Admixtures for concrete are added during or before the mixing process. Thus, increased construction activity is anticipated to fuel market expansion.

  • Surge in Investment Made in Residential Projects with Increasing Need for Own Houses - Between 2002 and 2021, the value of public residential construction investments increased significantly in the US. In residential development projects in 2021, the public sector made an estimated 10 billion USD in investments.

  • Rising Population Owing to Increasing Fertility and Longevity - The world's population is predicted to grow by 2 billion over the course of the next 30 years, from 7.7 billion people today to 9.7 billion in 2050, with a potential peak of 11 billion people around the year 2100.

  • Significant Rise in Remodelling to Give an Elegant and Aesthetic Look to the Old Buildings - In a study done in 2020, around half of the participants claimed to have remodeled their homes, and in the same year, the median amount spent on renovations by a household increased to more than USD 13,000.

  • Rising Disposable Income of People with Increasing Salary and Second Income - According to an estimate, in 2021, Americans' personal disposable income was approximately USD 16.02 trillion in total.

Challenges

  • Emission Caused by Concrete

Emissions caused by concrete may hamper the consumption of a concrete type of admixture. Owing to the usage of Portland cement in concrete pavements, a significant quantity of carbon dioxide (CO2) is released into the environment. This further causes air, water, and soil pollution and also impact human health. Hence this factor is estimated to hinder the growth of the market.

  • Drying Shrinkage

  • Stringent Government Regulations

The concrete admixtures market is segmented and analyzed for demand and supply by application into residential, infrastructure, commercial, and industrial. Out of these, the commercial segment is anticipated to garner the largest revenue by the end of 2033, backed by the growing construction of commercial buildings. Buildings for offices, hotels, shops and entertainment venues are increasingly in demand. The six major cities in India experienced a net absorption of roughly 30 Mn sqft in 2020.

Global Concrete Admixtures Market Regional Synopsis

The Asia Pacific region market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. Owing to growing population in this region. The Asia and Pacific region, which also includes the two most populous countries in the world, China and India, is home to almost 4.3 billion people. About 60 percent of the world's population resides in this area. Further growing urbanization and a rise in disposable income are also estimated to boost the growth of the market in this region.

Market Segmentation

Our in-depth analysis of the global concrete admixtures market includes the following segments:

      By Type

  • Water Reducing Admixtures
  • Accelerating Admixtures
  • Water Proofing Admixtures
  • Retarding Admixtures
  • Air Entraining Admixtures

      By Application

  • Residential
  • Infrastructure
  • Commercial
  • Industrial

Top Featured Companies Dominating the Global Concrete Admixtures Market

  • BASF SE

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • SIKA AG
  • GCP Applied Technologies Inc.
  • RPM International Inc.
  • Fosroc International Limited
  • Mapei S.P.A
  • CICO Group
  • Saint-Gobain Group
  • Concrete Additives and Chemicals Private Limited
  • Rhein-Chemotechnik GmbH

 

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