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Report Overview
The global concrete admixtures market stood at a value of around USD 21.96 billion in 2023. The market is further expected to grow at a CAGR of 4.7% in the forecast period of 2024-2032 to attain a value of around USD 29.23 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
| Global Concrete Admixtures Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 21.96 |
| Market Size 2032 | USD Billion | 29.23 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.7% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 5.4% |
| CAGR 2024-2032 - Market by Country | India | 6.2% |
| CAGR 2024-2032 - Market by Country | China | 5.2% |
| CAGR 2024-2032 - Market by Product | Water Reducing Admixtures | 5.5% |
| CAGR 2024-2032 - Market by Product | Waterproofing Admixtures | 5.0% |
| Market Share by Country 2023 | UK | 3.3% |
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Increased Demand for Water Reducing Admixtures to Augment the Growth of the Global Concrete Admixtures Industry
Based on product, the water reducing admixtures segment is predicted to account for a substantial market share in the concrete admixtures industry. This increase can be associated with the heightened adoption of water reducing admixtures in the construction industry, as these admixtures help reduce the demand for water required in the concrete mixing procedure by 5-10%. In addition, water reducing admixtures offer strength as the water content is reduced in the concrete mix. Moreover, the increased demand for plasticisers in conventional concrete construction owing to their strength enhancing benefits is anticipated to aid the market growth in the coming years.
The Asia Pacific to Occupy a Substantial Market Share in the Global Concrete Admixtures Industry
The Asia Pacific is expected to occupy a substantial share of the concrete admixtures industry in the forecast period. This growth can be attributed to the increasing demand for concrete in the construction industry in the region. The rapidly increasing population is leading to an increased demand for residential and commercial infrastructure construction. In addition, the rising investments in the construction sector by the governments to support the development of smart cities are also contributing to the heightened demand for concrete admixtures in the region, which is expected to positively impact the industry growth.
Concrete Admixtures: Market Segmentation
Concrete admixtures are natural or manufactured additives that are added in the process of concrete mixing. Admixtures help to modify and enhance the properties of concrete while improving the end result when the concrete has hardened. In addition, most admixtures come in ready to mix form while other admixtures such as pigments, pumping aids, and expansive agents are used in small doses, which are separately mixed. Moreover, the different variety of admixtures serve different functions. For instance, water reducing admixtures help to reduce the water content required in the concrete mixture by 5-10%.
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By product, the market is divided into:
- Water Reducing Admixtures
- Waterproofing Admixtures
- Accelerating Admixtures
- Air-Entraining Admixtures
- Retarding Admixtures
- Others
Among these, water reducing admixtures can be further bifurcated by type into superplasticisers and plasticisers.
| CAGR 2024-2032 - Market by | Country |
| India | 6.2% |
| China | 5.2% |
| UK | 4.3% |
| USA | 4.1% |
| France | 3.7% |
| Canada | XX% |
| Germany | XX% |
| Italy | XX% |
| Japan | 3.2% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand in the Construction Sector to Augment the Growth of the Global Concrete Admixtures Industry
According to the UN statistics, the world population is expected to increase from around 7.7 billion currently to 9.7 billion by 2050. This is expected to result in rapid urbanisation, owing to which the governments are increasingly investing in the development of public infrastructure to meet the housing, commercial, and industrial construction demands of the increasing population. This is predicted to spearhead the demand for concrete admixtures such as retarding admixtures and air-entraining admixtures in the forecast period. Furthermore, the growing focus of the world leaders in developing smart cities, especially in emerging economies, is also expected to catalyse the market growth. Moreover, increased research and development by the leading market players to develop quality concrete admixtures are estimated to drive the industry growth in the forecast period.
Key Industry Players in the Global Concrete Admixtures Market
The report gives a detailed analysis of the following key players in the global concrete admixtures market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Sika AG
- GCP Applied Technologies Inc.
- RPM International Inc.
- Master Builders Solutions Deutschland GmbH
- Fosroc International Limited
- MAPEI S.p.A
- Chryso Group
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a value of approximately USD 21.96 billion.
The market is projected to grow at a CAGR of 4.7% between 2024 and 2032.
The major drivers of the market include the increasing demand for concrete admixtures in the construction market, increasing urbanisation, and increasing investments by the key market players in the research and development of concrete admixture production.
The key trends guiding the growth of the market include the rapidly growing global population, heightened demand for construction of residential, commercial, and industrial infrastructure, and increasing investments in the development of public infrastructure and smart cities.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant products include water reducing admixtures, waterproofing admixtures, accelerating admixtures, air-entraining admixtures, and retarding admixtures, among others. Among these, water reducing admixtures can be further bifurcated by type into superplasticisers and plasticisers.
The key players in the global concrete admixtures market are Sika AG, GCP Applied Technologies Inc., RPM International Inc., Master Builders Solutions Deutschland GmbH, Fosroc International Limited, MAPEI S.p.A, and Chryso Group, among others.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 29.23 billion by 2032.
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