Concrete Admixtures Global Market Report 2024

Concrete admixtures, additives in concrete mixing, enhance specific properties such as workability and durability, composed of cement, aggregates, and water, solidifying over time.

Concrete admixtures encompass several key types such as water-reducing, waterproofing, accelerating, air-entraining agents, retarding admixtures, and additional variants. Water-reducing admixtures notably decrease the necessary water content in a concrete mix by around 5 to 10%, reducing the required water needed for the desired slump of the concrete. These admixtures find application across reinforced and non-reinforced concrete processes and are utilized in various sectors including commercial, residential, infrastructure, and industrial projects.

The concrete admixtures market research report is one of a series of new reports from The Business Research Company that provides concrete admixtures market statistics, including concrete admixtures industry global market size, regional shares, competitors with a concrete admixtures market share, detailed concrete admixtures market segments, market trends and opportunities, and any further data you may need to thrive in the concrete admixtures industry. These concrete admixtures market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The concrete admixtures market size has grown steadily in recent years. It will grow from $15.45 billion in 2023 to $16.19 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The expansion observed in the historical period can be attributed to the growth in the construction industry, ongoing infrastructure development, improvements in the efficiency of concrete production, cost-effective practices, increasing environmental considerations, and the rising demand for high-performance concrete solutions.

The concrete admixtures market size is expected to see strong growth in the next few years. It will grow to $19.82 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. Anticipated growth in the upcoming period is expected due to the adoption of sustainable construction practices, initiatives aimed at infrastructure renewal, the development of smart cities, an increased focus on durability in construction, the rapid urbanization observed in emerging markets, and efforts directed towards reducing the carbon footprint of construction activities. Key trends projected for this period encompass the utilization of high-performance admixtures, innovations in self-healing concrete technology, the use of high-range water reducers (HRWR), the application of rheology modifiers for specialized concrete uses, and the use of air-entraining admixtures in construction processes.

Rising demand within the construction sector is set to be a key driver propelling the growth of the concrete admixture market in the foreseeable future. This surge in construction activities is attributed to rapid industrialization and urbanization trends. Concrete admixtures play a crucial role in expediting construction projects by enabling the establishment of climate-controlled facilities and enhancing specific properties of fresh or hardened concrete. For instance, in 2021, the U.S. Census Bureau reported a significant increase in housing unit initiations, reaching an estimated 1,595,100 units, marking a notable 15.6% rise from 2020's figure of 1,379,600 units in the United States. Consequently, this escalating demand within the construction industry is expected to be a driving force behind the growth trajectory of the concrete admixture market.

The robust investments in infrastructure development are poised to drive the expansion of the concrete admixtures market. Infrastructure development encompasses the strategic planning, design, construction, and enhancement of essential physical and organizational structures vital for societal, regional, or industrial operations. Within this development landscape, concrete admixtures serve as vital additives, elevating concrete performance by improving characteristics such as workability, setting times, and durability. These additives are specifically engineered to tackle challenges such as adverse weather conditions and corrosion. Notably, in March 2023, as reported by Global X ETF, the United States, with the passing of the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA) in November 2021, embarked on a significant initiative to revamp its infrastructure. Over the next decade, the IIJA allocates $550 billion towards enhancing roads, bridges, airports, railroads, extending access to clean water and broadband internet, and ensuring environmental equity. Consequently, the substantial surge in infrastructure investments is a driving force behind the concrete admixtures market's growth trajectory.

Technological advancements stand out as a prominent trend gaining traction within the concrete admixture market. Significant strides in cement materials, mineral additions, and admixture technologies, coupled with enhanced production methods, have yielded a diverse array of high-performance concretes. These advancements offer cost-effective, eco-friendly solutions tailored for the most demanding applications. Key market players are actively engaged in innovating new products to fortify their market positioning. For instance, in June 2021, CEMEX, a prominent Mexico-based company specializing in cement and ready-mix concrete, introduced Vertua Ultra Zero concrete leveraging cutting-edge technology. This innovative approach slashes its carbon footprint by an impressive 70%, with the remaining 30% neutralized through offsetting endeavors. The Vertua Ultra Zero concrete represents a pivotal stride towards the 2050 objective of delivering globally net-zero CO2 concrete.

Prominent players in the concrete admixtures market are innovating by creating specialized admixtures aimed at curbing and managing the carbon footprint of concrete used in ready-mix and precast concrete industries. The carbon footprint denotes the total emission of greenhouse gases, notably carbon dioxide (CO2) and related compounds, stemming from an individual, organization, event, or product over its entire lifecycle. In May 2021, Chryso S.A.S., a chemical manufacturer based in France, introduced EnviroMix, an array of admixture solutions and services designed for low-carbon concrete. Within the EnviroMix line, which includes CHRYSO EnviroMix and CHRYSO EnviroMix ULC (Ultra Low-Carbon), specialized admixtures are engineered to achieve significant reductions in CO2 emissions, with the latter showcasing remarkable performance by slashing the carbon footprint by over 50%. Despite these reductions, EnviroMix concrete maintains exceptional levels of strength, durability, and workability. Additionally, CHRYSO extends dedicated services such as EnviroMix Impact for calculating environmental impact and offering real-time monitoring solutions for low-carbon concrete, thereby fortifying its commitment to sustainability within the construction industry.

In December 2021, Saint-Gobain, a French firm specializing in construction and waterproofing chemicals, completed the acquisition of all outstanding shares of GCP Applied Technologies for roughly €2.0 billion. This strategic move marks a substantial leap for Saint-Gobain, amplifying its global dominance in construction chemicals and bolstering its footprint in North America and emerging markets. GCP Applied Technologies, a US-based enterprise renowned for its high-performance construction products, aligns seamlessly with Saint-Gobain's objectives and paves the way for enhanced market presence and industry leadership.

Major companies operating in the concrete admixtures market report are BASF SE, CRH PLC, Rhein-Chemotechnik GmbH, Holcim Limited, Concrete Additives and Chemicals Pvt. Ltd., Cemex S.a.b. De C.v., The India Cement Limited, Sika AG, Wacker Chemie AG, RPM International Inc., CHRYSO S.A.S, Votorantim Cimentos S.A., Shree Cement Limited, Dalmia Bharat Cement Limited, ParexGroup, Fosroc Inc., UltraTech Cement Limited, ADCO Constructions Pty. Ltd., GCP Applied Technologies Inc., Ambuja Cement Limited, Mapei SpA, Flowcrete Group Ltd., Shandong Wanshan Chemical Co. Ltd., Buildtech Products Pvt. Ltd., MBCC Group, CICO Group, Pidilite Industries Ltd., HA-BE Betonchemie, Polisan Kimya San A.S, HeidelbergCement AG

Asia-Pacific was the largest region in the concrete admixture market in 2023. The regions covered in the concrete admixtures market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the concrete admixtures market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Concrete admixture market consists of sales of chemical-based admixture and mineral-based admixture. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Concrete Admixtures Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on concrete admixtures market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for concrete admixtures ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The concrete admixtures market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Water Reducing Admixtures; Water-Proofing Admixtures; Accelerating Admixtures; Air-Entraining Agents; Retarding Admixtures; Other Types
• 2) By Application: Re-Inforced Concrete; Non Re-Inforced Concrete
• 3) By End User: Commercial; Residential; Infrastructure; Industrial
• Companies Mentioned: BASF SE; CRH plc; Rhein-Chemotechnik GmbH; Holcim Limited; Concrete Additives and Chemicals Pvt. Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.