Concrete Admixtures Market Segmentation by Type (Water Reducing, Retarders, Accelerators, Bonding Agents, Corrosion Inhibitors, and Others); and by Application (Residential, Infrastructural, Commercial, and Others)-Global Demand Analysis & Opportunity Outlook 2021-2030

Global Concrete Admixtures Market Highlights Over 2021 - 2030

The global concrete admixtures market is estimated to garner a revenue of USD 32034.3 Million by the end of 2030 by growing at a CAGR of 5.92% over the forecast period, i.e., 2021 – 2030. Moreover, in the year 2021, the market generated a revenue of USD 19205.2 Million. The growth of the market can primarily be attributed to growing construction industry worldwide and the increasing use of concrete admixtures, backed by the numerous beneficial properties associated with the chemical compounds. According to the statistics by the World Bank, the value added (in current US$) by the construction industry worldwide, increased from USD 17.462 Trillion in the year 2009 to USD 22.048 Trillion in the year 2020. Concrete admixtures offer durability and ensure the highest quality of concrete during mixing, curing, putting, and transporting. Few of the common concrete admixtures include accelerating, retarding, and air-entraining admixtures among others.

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The growth of the global concrete admixtures market can also be attributed to the increasing urbanization worldwide, and the surge in the number of residential and commercial buildings. Besides this, the increasing adoption of plasticizers in the construction industry, backed by their water-reducing properties and to make high-slump flowing concrete, are also expected to drive the market growth in the coming years.

Global Concrete Admixtures Market Regional Synopsis

Regionally, the global concrete admixtures market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific region is anticipated to garner the largest revenue of USD 12153.8 Million by the end of 2030, up from a revenue of USD 7232.7 Million in the year 2021. The growth of the market in the region can primarily be attributed to the increasing number of construction activities in countries, such as China, and India, backed by the increasing population and surge in urbanization in these countries, and their need for residential homes. According to the statistics by the Ministry of Housing and Urban Affairs of the Government of India, as of January 3^rd, 2022, the total demand for construction of houses in the country was 11.224 Million, whereas the number of houses delivered were 5.342 Million. Further, the number of houses sanctioned were 11.402 Million, while the number of houses grounded were 9.147 Million. The statistics also stated that 1.6 Million houses were being constructed using new technologies.

The market in the region is further segmented by country into China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, and the Rest of Asia Pacific. Out of these, the market in China is anticipated to garner the largest revenue of USD 5588.3 Million by the end of 2030, up from a revenue of USD 3423.9 Million in the year 2021.

Growth Drivers and Challenges Impacting the Growth of the Global Concrete Admixtures Market

Growth Drivers

• Growing Construction Industry Worldwide

• Rising Use of Plasticizers in the Construction of Concrete Structures

Challenges

• Lack of Awareness About the Product

• Growing Concern for Drying Shrinkage of Concrete Structures

Global Concrete Admixtures Market Segmentation Synopsis

The global concrete admixtures market is segmented by type into water reducing, retarders, accelerators, bonding agents, corrosion inhibitors, and others. Out of these, the water reducing segment is anticipated to garner the largest revenue of USD 12844.5 Million by the end of 2030, up from a revenue of USD 7719.3 Million in the year 2021. By application, the market is segmented into residential, infrastructural, commercial, and others. Out of these, the residential segment is anticipated to garner the largest revenue of USD 14545.2 Million by the end of 2030, up from a revenue of USD 8708.4 Million in the year 2021.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global concrete admixtures market that are included in our report are Sika AG, Concrete Additives & Chemicals Pvt. Ltd. (CAC), BASF SE, CHRYSO GROUP, TAIWAN CEMENT LTD., Martin Marietta Materials Inc., Holcim Ltd, Fosroc, Inc., HEIDELBERGCEMENT AG, CEMEX S.A.B. de C.V., and others.

Latest Developments in the Global Concrete Admixtures Market:

• November 11^th, 2021: Sika AG announced that it has signed a definitive agreement to acquire the leading supplier of construction chemicals, MBCC Group, a company which is also active in the field of admixture systems, from an affiliate of Lone Star Funds. The consideration price for the deal was USD 5.96 Billion.

• March 21^st, 2019: BASF SE announced that it has launched the admixture product, known as Master X-Seed STE, for the concrete industry in Malaysia.

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• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

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Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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