Concrete Admixtures Market
Concrete Admixtures Market Forecasts to 2028 - Global Analysis By Product (Air-Entraining Agents, Accelerating Admixtures, Waterproofing Admixtures and Other Products), Application (Commercial, Infrastructure, Residential and Industrial) and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $19.93 BN |
|
Projected Year Value (2028) |
US $35.70 BN |
|
CAGR (2022 - 2028) |
10.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Concrete Admixtures Market is accounted for $19.93 billion in 2022 and is expected to reach $35.70 billion by 2028 growing at a CAGR of 10.2% during the forecast period. Concrete admixtures are compounds that are added to fresh or hardened concrete during mixing to improve properties such as workability, durability, or early and final strength. Concrete admixtures are used to improve the performance of concrete in a variety of applications. Concrete admixtures reduce construction costs, change the properties of hardened concrete, preserve concrete quality throughout mixing, shipping, placement, and curing, and handle a variety of situations that may develop during concrete operations.
According to the US Census Bureau, the volume of new single-family home construction in the United States in 2022 was 1,010 and is expected to reach 900 in total numbers of housing.
Market Dynamics:
Driver:
Growing application of concrete admixture in construction and infrastructure
The market for concrete admixture is dominated by road and bridge construction, which is predicted to increase at a rapid pace during the forecast period. UHPC can be utilized in building construction as a column, structural precast element, and facade. Furthermore, the expanding tendency of developing high-rise townships and residential complexes, as well as the decreasing land-to-population ratio, are expected to fuel market expansion.
Restraint:
Environmental impacts caused by concrete
Concrete emissions may limit the usage of concrete-type admixtures. A considerable amount of carbon dioxide (CO2) is released into the environment as a result of the use of Portland cement in concrete pavements. This contributes to contamination of the air, water, and soil, as well as adverse effects on human health. Moreover, several environmental rules have been enacted by governments in several countries. As a result, these factors act as a restraint on the expansion of the concrete admixtures market.
Opportunity:
Increasing plasticizer demand
This market is rapidly expanding due to rising demand for plasticizers in a variety of applications in residential, commercial, and industrial structures. Plasticizers are often composed of calcium, ammonium lignosulphonates, and sodium, and are classified as super and normal plasticizers. They are excellent for removing water from concrete and provide high strength, longevity, and a strong link between steel and concrete. Furthermore, workability is an important property of concrete that improves with the addition of water; but, if too much water is added, the strength and durability of the concrete are compromised.
Threat:
Unavailability of skilled labour
Concrete admixtures are essential in the construction sector. The demand for particular admixtures is determined by their qualities and the applications for which they are utilised. Because the construction industry is the primary end-user for the market, changes in the construction sector may have a direct impact on market growth. Lack of skilled labour in the unorganised construction industry would act as a market restraint, posing additional challenges to the expansion of the concrete admixtures market during the forecast period.
Covid-19 Impact
The interruption in the construction sector caused by government limitations imposed during the COVID-19 epidemic had a considerable impact on the use of concrete admixtures. This pandemic had caused uncertainty and extraordinary delays in construction projects. Furthermore, the building construction processing remained blocked due to machinery closures, a significant shortage of trained and skilled labour, and a scarcity of raw materials. However, several governments are enacting supportive policies in order to re-establish their economies. As a result, the construction industry is projected to stabilise during the next few years.
The water-reducing admixtures segment is expected to be the largest during the forecast period
The water-reducing admixtures segment is estimated to have a lucrative growth. The water-reducing admixtures are also known as plasticizers. The increasing demand for these plasticizers in the residential and commercial construction industries due to their water-saving capabilities will drive market growth. When heat causes it to form up too quickly, concrete can become too weak if too much water is added to keep it pourable. The amount of water in the mix will increase the strength of the concrete. A water-reducer is one of the greatest concrete admixtures for increased strength and durability. Water-reducing admixtures, for example, are commonly employed in the formulation of foundation concrete.
The residential segment is expected to have the highest CAGR during the forecast period
The residential segment is anticipated to witness the highest CAGR growth during the forecast period, owing to the growing urbanisation and increased housing demand globally. Increasing consumer disposable income, combined with the growing tendency of the nuclear family, has resulted in a high demand for residential buildings. Various government programmes in Canada, such as the Affordable Housing Initiative (AHI), New Building Canada Plan (NBCP), and Made in Canada, aided the sector's growth. As a result, the overall market growth of concrete admixtures will be boosted further.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period. Rapid infrastructure development and rising demand for cheap housing have propelled Asia Pacific market expansion. Asia-Pacific includes the largest low-cost housing construction segment, led by China, India, and Southeast Asian countries. China has the largest market share in this region and is the fastest-growing country. The growing population, increasing urbanisation, and rising household income levels are the primary drivers driving the growth of the residential sector in this country.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the region's growing need for cutting-edge construction materials and the related market from the residential application. The rise in the older population has highlighted the need for investment in the construction of healthcare facilities, which will also help market expansion.
Key players in the market
Some of the key players profiled in the Concrete Admixtures Market include CICO Technologies Ltd., Polisan Kamya San. A.S., Lanya Concrete Admixtures, BASF SE, Fosroc International Inc., Fritz-Pak Corporation, Shangdong Wanshan Chemical Co. Ltd., Cormix International Ltd., CHRYSO S.A.S, RPM International Inc., Rhein-Chemotechnik GmbH, Weber Saint-Gobain, Sakshi Chem Sciences Pvt. Ltd., MUHU, Mapei S.P.A and Fuclear Technologies Inc.
Key Developments:
In September 2019, BASF introduced Master X-Seed STE, an innovative strength-enhancing admixture solution for the construction sector, at the Concrete 2019 conference in Sydney. The new solution helps to make concrete production more efficient and has the ability to improve both early and late-age strength development in concrete. With this launch, the company will expand its footprint in Australian and New Zealand markets.
In October 2018, CHRYSO acquired Chemtec Admixtures Limited, a leading player in chemistry for construction materials. With this acquisition, the company will expand its admixture business in Ireland. The company will also offer admixtures products in the growing Irish construction market.
Products Covered:
• Air-Entraining Agents
• Accelerating Admixtures
• Waterproofing Admixtures
• Water Reducing Admixtures
• Retarding Admixtures
• Other Products
Applications Covered:
• Commercial
• Infrastructure
• Residential
• Industrial
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Concrete Admixtures Market, By Product
5.1 Introduction
5.2 Air-Entraining Agents
5.3 Accelerating Admixtures
5.4 Waterproofing Admixtures
5.5 Water Reducing Admixtures
5.6 Retarding Admixtures
5.7 Other Products
6 Global Concrete Admixtures Market, By Application
6.1 Introduction
6.2 Commercial
6.3 Infrastructure
6.4 Residential
6.5 Industrial
7 Global Concrete Admixtures Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 CICO Technologies Ltd.
9.2 Polisan Kamya San. A.S.
9.3 Lanya Concrete Admixtures
9.4 BASF SE
9.5 Fosroc International Inc.
9.6 Fritz-Pak Corporation
9.7 Shangdong Wanshan Chemical Co. Ltd.
9.8 Cormix International Ltd.
9.9 CHRYSO S.A.S
9.10 RPM International Inc.
9.11 Rhein-Chemotechnik GmbH
9.12 Weber Saint-Gobain
9.13 Sakshi Chem Sciences Pvt. Ltd.
9.14 MUHU
9.15 Mapei S.P.A
9.16 Fuclear Technologies Inc.
List of Tables
1 Global Concrete Admixtures Market Outlook, By Region (2020-2028) ($MN)
2 Global Concrete Admixtures Market Outlook, By Product (2020-2028) ($MN)
3 Global Concrete Admixtures Market Outlook, By Air-Entraining Agents (2020-2028) ($MN)
4 Global Concrete Admixtures Market Outlook, By Accelerating Admixtures (2020-2028) ($MN)
5 Global Concrete Admixtures Market Outlook, By Waterproofing Admixtures (2020-2028) ($MN)
6 Global Concrete Admixtures Market Outlook, By Water Reducing Admixtures (2020-2028) ($MN)
7 Global Concrete Admixtures Market Outlook, By Retarding Admixtures (2020-2028) ($MN)
8 Global Concrete Admixtures Market Outlook, By Other Products (2020-2028) ($MN)
9 Global Concrete Admixtures Market Outlook, By Application (2020-2028) ($MN)
10 Global Concrete Admixtures Market Outlook, By Commercial (2020-2028) ($MN)
11 Global Concrete Admixtures Market Outlook, By Infrastructure (2020-2028) ($MN)
12 Global Concrete Admixtures Market Outlook, By Residential (2020-2028) ($MN)
13 Global Concrete Admixtures Market Outlook, By Industrial (2020-2028) ($MN)
14 North America Concrete Admixtures Market Outlook, By Country (2020-2028) ($MN)
15 North America Concrete Admixtures Market Outlook, By Product (2020-2028) ($MN)
16 North America Concrete Admixtures Market Outlook, By Air-Entraining Agents (2020-2028) ($MN)
17 North America Concrete Admixtures Market Outlook, By Accelerating Admixtures (2020-2028) ($MN)
18 North America Concrete Admixtures Market Outlook, By Waterproofing Admixtures (2020-2028) ($MN)
19 North America Concrete Admixtures Market Outlook, By Water Reducing Admixtures (2020-2028) ($MN)
20 North America Concrete Admixtures Market Outlook, By Retarding Admixtures (2020-2028) ($MN)
21 North America Concrete Admixtures Market Outlook, By Other Products (2020-2028) ($MN)
22 North America Concrete Admixtures Market Outlook, By Application (2020-2028) ($MN)
23 North America Concrete Admixtures Market Outlook, By Commercial (2020-2028) ($MN)
24 North America Concrete Admixtures Market Outlook, By Infrastructure (2020-2028) ($MN)
25 North America Concrete Admixtures Market Outlook, By Residential (2020-2028) ($MN)
26 North America Concrete Admixtures Market Outlook, By Industrial (2020-2028) ($MN)
27 Europe Concrete Admixtures Market Outlook, By Country (2020-2028) ($MN)
28 Europe Concrete Admixtures Market Outlook, By Product (2020-2028) ($MN)
29 Europe Concrete Admixtures Market Outlook, By Air-Entraining Agents (2020-2028) ($MN)
30 Europe Concrete Admixtures Market Outlook, By Accelerating Admixtures (2020-2028) ($MN)
31 Europe Concrete Admixtures Market Outlook, By Waterproofing Admixtures (2020-2028) ($MN)
32 Europe Concrete Admixtures Market Outlook, By Water Reducing Admixtures (2020-2028) ($MN)
33 Europe Concrete Admixtures Market Outlook, By Retarding Admixtures (2020-2028) ($MN)
34 Europe Concrete Admixtures Market Outlook, By Other Products (2020-2028) ($MN)
35 Europe Concrete Admixtures Market Outlook, By Application (2020-2028) ($MN)
36 Europe Concrete Admixtures Market Outlook, By Commercial (2020-2028) ($MN)
37 Europe Concrete Admixtures Market Outlook, By Infrastructure (2020-2028) ($MN)
38 Europe Concrete Admixtures Market Outlook, By Residential (2020-2028) ($MN)
39 Europe Concrete Admixtures Market Outlook, By Industrial (2020-2028) ($MN)
40 Asia Pacific Concrete Admixtures Market Outlook, By Country (2020-2028) ($MN)
41 Asia Pacific Concrete Admixtures Market Outlook, By Product (2020-2028) ($MN)
42 Asia Pacific Concrete Admixtures Market Outlook, By Air-Entraining Agents (2020-2028) ($MN)
43 Asia Pacific Concrete Admixtures Market Outlook, By Accelerating Admixtures (2020-2028) ($MN)
44 Asia Pacific Concrete Admixtures Market Outlook, By Waterproofing Admixtures (2020-2028) ($MN)
45 Asia Pacific Concrete Admixtures Market Outlook, By Water Reducing Admixtures (2020-2028) ($MN)
46 Asia Pacific Concrete Admixtures Market Outlook, By Retarding Admixtures (2020-2028) ($MN)
47 Asia Pacific Concrete Admixtures Market Outlook, By Other Products (2020-2028) ($MN)
48 Asia Pacific Concrete Admixtures Market Outlook, By Application (2020-2028) ($MN)
49 Asia Pacific Concrete Admixtures Market Outlook, By Commercial (2020-2028) ($MN)
50 Asia Pacific Concrete Admixtures Market Outlook, By Infrastructure (2020-2028) ($MN)
51 Asia Pacific Concrete Admixtures Market Outlook, By Residential (2020-2028) ($MN)
52 Asia Pacific Concrete Admixtures Market Outlook, By Industrial (2020-2028) ($MN)
53 South America Concrete Admixtures Market Outlook, By Country (2020-2028) ($MN)
54 South America Concrete Admixtures Market Outlook, By Product (2020-2028) ($MN)
55 South America Concrete Admixtures Market Outlook, By Air-Entraining Agents (2020-2028) ($MN)
56 South America Concrete Admixtures Market Outlook, By Accelerating Admixtures (2020-2028) ($MN)
57 South America Concrete Admixtures Market Outlook, By Waterproofing Admixtures (2020-2028) ($MN)
58 South America Concrete Admixtures Market Outlook, By Water Reducing Admixtures (2020-2028) ($MN)
59 South America Concrete Admixtures Market Outlook, By Retarding Admixtures (2020-2028) ($MN)
60 South America Concrete Admixtures Market Outlook, By Other Products (2020-2028) ($MN)
61 South America Concrete Admixtures Market Outlook, By Application (2020-2028) ($MN)
62 South America Concrete Admixtures Market Outlook, By Commercial (2020-2028) ($MN)
63 South America Concrete Admixtures Market Outlook, By Infrastructure (2020-2028) ($MN)
64 South America Concrete Admixtures Market Outlook, By Residential (2020-2028) ($MN)
65 South America Concrete Admixtures Market Outlook, By Industrial (2020-2028) ($MN)
66 Middle East & Africa Concrete Admixtures Market Outlook, By Country (2020-2028) ($MN)
67 Middle East & Africa Concrete Admixtures Market Outlook, By Product (2020-2028) ($MN)
68 Middle East & Africa Concrete Admixtures Market Outlook, By Air-Entraining Agents (2020-2028) ($MN)
69 Middle East & Africa Concrete Admixtures Market Outlook, By Accelerating Admixtures (2020-2028) ($MN)
70 Middle East & Africa Concrete Admixtures Market Outlook, By Waterproofing Admixtures (2020-2028) ($MN)
71 Middle East & Africa Concrete Admixtures Market Outlook, By Water Reducing Admixtures (2020-2028) ($MN)
72 Middle East & Africa Concrete Admixtures Market Outlook, By Retarding Admixtures (2020-2028) ($MN)
73 Middle East & Africa Concrete Admixtures Market Outlook, By Other Products (2020-2028) ($MN)
74 Middle East & Africa Concrete Admixtures Market Outlook, By Application (2020-2028) ($MN)
75 Middle East & Africa Concrete Admixtures Market Outlook, By Commercial (2020-2028) ($MN)
76 Middle East & Africa Concrete Admixtures Market Outlook, By Infrastructure (2020-2028) ($MN)
77 Middle East & Africa Concrete Admixtures Market Outlook, By Residential (2020-2028) ($MN)
78 Middle East & Africa Concrete Admixtures Market Outlook, By Industrial (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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