Concrete Admixture Market Size By Product (Superplasticizers, Accelerators, Retarders, Water Reducers, Air Entraining Mixture, Fly Ash, Silicate Fume, Plasticizers, Synthetic CSH), By Application (Residential, Non-residential, Commercial), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Industry Trends

Concrete Admixture Market size exceeded USD 17.78 billion in 2020 and is estimated to exhibit a 6.1% CAGR from 2021 to 2027. Rising urbanization has stimulated the demand for residential dwellings, high-rise buildings, commercial buildings, and condominiums, especially in developing nations of the Middle East and Asia Pacific. As per Oxford Economics, the global construction outlook is projected to expand to over USD 15 trillion until 2030 driven by the rising demand for commercial spaces and the residential sector in China, India & the U.S. will escalate the industry growth.
 

Concrete admixtures are natural or synthetic additives blended during or before the mixing of concrete to significantly enhance its properties such as durability, corrosion inhibition, workability, finish ability, and compressive strength. These admixtures improve the quality of the concrete during the stages of transport, mixing & placing, and minimizes the curing of hardened concrete. The product also facilitates in reducing construction expenditure.
 

To get more details on this report: Request Free Sample PDF
 

Rising awareness of water scarcity has surged the demand for admixtures across the construction industry to acquire the desired workability without wasting a large volume of water. The demand, in turn, will subsequently fuel the concrete additive market growth. The European Union has enacted certain stringent policies to improve energy efficiency and promote sustainable construction techniques to minimize greenhouse gas emissions. These trends will have a positive impact on the concrete admixture market demand as it is widely applicable in the construction industry for building homes, commercial complexes, and non-residential infrastructure including medical centers, education hubs, retail shopping centers, etc.
 

Recent developments in the modern infrastructure industry have propelled new potential uses of concrete admixtures. BASF's Construction Chemicals segment has launched an innovative admixture solution, SureTEC to supersede conventional construction materials. This super retention technology facilitates concrete manufacturers to regulate the overall workability of concrete between the batching plant and the placement site for an extended period even in adverse climate conditions. SureTEC focuses on sustainable construction and represents a breakthrough in admixture solutions.
 

Admixtures are used to overcome complex construction conditions, such as low water-cement ratio specifications, early strength requirements, hot/cold weather placements, pumping requirements, etc. Housing construction will continue to rise in emerging nations owing to low interest rates in real estate and social & demographic factors, such as increasing per capita income, household formation, immigration, and internal migration, which will boost the concrete admixtures market demand from the residential sector.
 

The escalating cost of basic and intermediate chemicals used in the formulation of concrete admixtures might hamper the market growth by 2027. A shortfall in consumption coupled with an extensive demand-supply gap will hamper the commercial infrastructure. Furthermore, the closure of industrial expansion projects across the globe due to national lockdown will subsequently lower the production capacity of concrete admixtures.
 

Rising adoption of superplasticizers to propel industry growth

The superplasticizer concrete admixture market revenue valued at over USD 2.75 billion in 2020 and is likely to grow at a decent rate of around 6.1%. This admixture possesses superior properties that significantly reduce water demand by up to 30% without compromising on workability, resulting in the formation of dense concrete.
 

Superplasticizers are primarily used in the formulation of flowing concrete with a high consistency of concrete in the array of 16 to 22 cm. They are mainly deployed in heavily reinforced constructions where adequate consolidation of concrete cannot be easily achieved. Favorable policies implemented by the governments of emerging economies for infrastructural development and an upsurge in Public-Private Partnerships in the construction sector will augment demand for superplasticizer admixtures.
 

Residential construction activities to lead the overall market size

To get more details on this report: Request Free Sample PDF
 

The residential application will constitute more than 35% of the global consumption in 2027. Residential application is expected to showcase significant growth owing to a shift in consumer preference for sustainable building solutions. Moreover, the growing construction of private homes, multi-purpose buildings, apartments, and high-rises in emerging nations will escalate product demand. Rising trends in home remodeling, increasing nuclear families, and surging modular construction projects will support the market growth.
 

Rising government expenditure in sustainable construction will influence the European market demand

To get more details on this report: Request Free Sample PDF
 

The Europe concrete admixture market is set to capture a revenue size of above USD 3.29 billion by 2027. Government spending in regional infrastructure development will significantly influence industry growth. One of the major goals of the Europe construction industry is to promote green energy and encourage smart infrastructure. The government aims towards substantial investment in technology and fostering innovation in the construction industry. Concrete is widely used in the construction industry for several applications such as building bridges, airports, roads, commercial complexes, etc. Therefore, concrete admixtures significantly improve the concrete production process.
 

New product development and geographical expansion are key strategies adopted by industry players

The competitive landscape of the industry is fragmented with leading producers accounting for over 1/4^th of the overall market share. Market players are engaged in mergers & acquisitions, research & development activities, product innovation, and production capacity expansion to capture a strong foothold in the market.
 

For instance, in 2018, BASF launched the Master X-Seed 55, a novel admixture technology, that significantly enhances durability, compressive & flexural strength of concrete. Similarly, in 2016, SIKA AG launched Sika Viscocrete GR 5000, a sustainable admixture, in Qatar that facilitates environmental-friendly and cost-effective construction techniques.
 

Other notable concrete admixture market players include Cementaid (UK), Fosroc, Denka Company Limited, GCP Applied Technologies, Krishna Colours & Constchem, Ha-Be Betonchemie, Cormix International Limited, CEMEX Group, MAPEI, RPM International, Arkema, CICO Group, Beijing Jiankai Concrete Additive, etc.
 

This market research report on concrete admixture includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2017 to 2027 for the following segments:

Click here to Buy Section of this Report

Market, By Product

• Superplasticizers
• Accelerators
• Retarders
• Water reducers
• Air entraining mixture
• Fly ash
• Silicate fume
• Plasticizers
• Synthetic CSH
• Others

Market, By Application

• Residential
• Non-residential
• Commercial

The above information is provided on a regional and country basis for the following:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Russia
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • Indonesia
  • Malaysia
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait