Concrete Admixtures Market Size & Share, by Type (Water Reducing Admixtures, Accelerating Admixtures, Water Proofing Admixtures, Retarding Admixtures, Air Entraining Admixtures); Application (Residential, Infrastructure, Commercial, Industrial) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 3378
  • Published Date: Feb 08, 2023
  • Report Format: PDF, PPT

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

Concrete Admixtures Market size is anticipated to surpass USD 32 Billion by the end of 2033, growing at a CAGR of 9% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of concrete admixtures was over USD 19 Billion.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.

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.


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Concrete Admixtures Market: Key Insights

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)
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Concrete Admixtures Sector: Growth Drivers and Challenges

Market-Growth-Drivers

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 concrete admixtures market.
  • Drying Shrinkage
  • Stringent Government Regulations


Concrete Admixtures Segmentation

Application (Residential, Infrastructure, Commercial, Industrial)

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.

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

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Concrete Admixtures Industry - Regional Synopsis

Asia Pacific Market Forecast

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.

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Companies Dominating the Concrete Admixtures Landscape

top-features-companies
    • 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

In-the-news

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.

 


Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 3378
  • Published Date: Feb 08, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing urban population, surge in investment made in residential projects, rising population, and others

The market is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2023-2033.

Emission caused by concrete, drying shrinkage, and stringent government regulations are some of the major factors estimate to hinder the growth of the market.

The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are BASF SE, SIKA AG, GCP Applied Technologies Inc., RPM International Inc., and more

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, application, and by region

The commercial segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Concrete Admixtures Market Report Scope
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