Concrete Admixtures Market

Global Concrete Admixtures Market Size (2024 to 2029)

The Global Concrete Admixtures Market is expected to grow from USD 19.43 billion in 2024 to USD 31.58 billion in 2029, with a CAGR of 10.2% from 2024 to 2029.

MARKET DRIVERS AND RESTRAINTS

The properties of Concrete Admixtures including non-permeability, high tensile strength, stress immunity, etc. are going to boost their demand as an important construction material over the forecasted period. Further, the development of advanced mortar admixtures by key market players is further expected to improve the properties of these repair materials.

The product is used in various areas that require concrete repair, such as structural defects in buildings due to extreme variations in temperature. Also, they also offer resistance against natural phenomena such as corrosion to internal structural supports, resulting from unwanted water inflow. As a consequence, Concrete repair mortar prevents the degradation of the structure, thus extending its lifespan. In addition to this, this material has excellent bond strength that results in the increased structural strength of the buildings.

Huge investments by governments across North America, Europe, Asia, the Middle East, and Africa for the development projects of marine structures, long-lasting buildings, and roads are expected to bolster infrastructure repair and maintenance activities.

MARKET CHALLENGES

The highly advanced material providing superior features is costly. Many industries do not consider such features as of cardinal importance, Hence it gets overlooked. In addition to this, extreme usage and adoption of products utilizing Concrete admixtures will gradually reduce as manufacturing and building companies are enhancing their products to increase their longevity and enhance quality, thereby reducing the probability of defects.

Impact of COVID-19 on the Global Concrete Admixtures Market

COVID-19 has had an impact all over the globe. Markets of Europe, North America, and Asia are the most affected by the pandemic. Europe was the early hotspot for the virus and the initial lockdown thwarted all production activities in the region. Followed by Europe, North American and Asian countries had to adopt a similar solution, with production activities coming to a halt; the market for Concrete Admixtures was left very narrow as the construction sector witnessed a standstill. The top market players have announced the suspension of production due to the lowered demand, and supply chain bottlenecks, and to protect the safety of their employees in the United States during the pandemic. As a consequence, the demand for Concrete Admixtures has declined in 2020. Recovery in the construction and concrete sector is expected to start post-2021.

REPORT COVERAGE

DETAILED SEGMENTATION OF THE GLOBAL CONCRETE ADMIXTURES MARKET INCLUDED IN THIS REPORT

This research report on the global concrete admixtures market has been segmented and sub-segmented based on type, application, and region.

Global Concrete Admixtures Market By Type

• Superplasticizers
• Normal plasticizers
• Accelerating admixtures
• Retarding admixtures
• Air-entraining admixtures Water-proofing admixtures

Global Concrete Admixtures Market By Application

• Residential
• Commercial
• Infrastructure

Based on type, the Air-entraining segment is projected to be the highest-growing segment. Superplasticizers have the property of reducing and stabilizing air bubbles. This property of air reduction capability and dispensability is expected to drive the demand for air-entraining admixtures during the forecasted period of 2024 to 2029. Superplasticizers are also used as high-range water reducers in concrete, high-strength concrete, high-volume slag concrete, cement grouting, and dry mortar. However, it is estimated that the air entraining segment will be the fastest-growing segment during the forecast period.

The residential sector has been growing rapidly and low-cost high properties possessing construction materials are gaining popularity because of their lightweight and ease of handling. Infrastructure projects have been undertaken by various governments of developing countries.

REGIONAL ANALYSIS

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Asia and Pacific (APAC) region is expected to be the largest market during the forecasted period of 2024 to 2029.

In this region, China accounts for the biggest market. Construction, retail, transportation, etc. are some sectors where the demand for Concrete Admixtures has increased rapidly over the past few years. The high population is exerting pressure on the infrastructure industry to grow and thus the demand for concrete materials is skyrocketing.

The second largest market is North America. This is because the USA has been the leading producer of Concrete Admixtures in the North American region owing to its vast production capabilities and a strong economy. 
Tremendous efforts are being made to switch from site-based concrete to ready-mix concrete. The construction sector is of perennial popularity and this helps in the growth of the market.

RECENT HAPPENINGS IN THE MARKET

• In 2019, Arkema launched a new superplasticizer - Ethacryl DM. This will cater to the dry mix concrete application. Also, it will allow the company to cater to the dry mix mortar segment of the market.
• In March 2019, BASF launched Melflux SELECT 4411 F superplasticizer. It is a polycarboxylate ester-based superplasticizer. It enables long-duration slump retention.

KEY PLAYERS IN THE GLOBAL CONCRETE ADMIXTURES MARKET

There are several major market players who are asserted their dominance in the Concrete Admixtures Market in recent years, some of the big names in Europe are Sika AG, Mapei SPA, BASF SE, Ohara, Saint Gobain, Flexcrete, Innovilt, and others.