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In 2022, the market for concrete additives was estimated to be worth USD 17.89 billion. According to projections, the market for concrete additives will increase from USD 18.69 billion in 2023 to USD 30.99 billion in 2030, with a compound annual growth rate (CAGR) of 7.55% over the five-year forecast period (2023–2030). Precast and ready-mix concrete use, as well as rising building activity, are driving market expansion.
Concrete admixtures are artificial or natural additives that are included in the concrete mixture or added beforehand. The major goal of adding these admixtures is to give the buildings features like corrosion resistance, workability, durability, compressive strength, and finish ability. The use of concrete will be accelerated by the quickly expanding building sector, which raises the need for admixtures. Additionally, the product's capacity to reduce the amount of time that hardened concrete has to cure combined with quick infrastructure development will further fuel market expansion during the anticipated time range.
The government limitations imposed during the COVID-19 epidemic caused substantial disruption in the building industry, which had a major impact on the use of concrete admixtures. Due to the epidemic, construction projects experienced extraordinary delays and uncertainty. Furthermore, the building construction processing remained shut down as a result of equipment closures, a severe labor shortage, a lack of raw materials, and a lack of trained and skilled workforce. The COVID-19 effect on the worldwide construction sector has been significant, and construction activity have reduced by 10 to 25% in 2020 compared to the year before, according to the United Nations Environment Program (UNEP) organization. Additionally, the pandemic significantly damaged the economy and simultaneously had an impact on people, businesses, industrial facilities, and financial institutions. Nevertheless, numerous governments are developing encouraging policies and working to put their economies back on track. As a result, over the following several years, the construction industry is probably going to stabilize.
As the middle class expands and as a result of government initiatives like higher contractor quality standards, it is anticipated that residential requirements will increase over the next years. A number of infrastructure development plans are anticipated to be implemented in India, including the establishment of new megacities in both China and India as well as the development of a home for every person (India Vision 2020, Planning Commission of India). Future growth in the market for concrete admixtures is probably going to result from this. The market for concrete admixtures hasn't expanded as a result of rising prices for the chemicals used in admixtures, as well as a lack of knowledge about the benefits of admixtures among the unorganized construction industry in Asia Pacific and other developing regions.
Precast concrete's excellent strength, adaptability, and durability make it ideal for use in pre-fabricating buildings and modern construction units. Precast concrete demand is rising as a result of the increased demand for green buildings. Precast construction entails the use of a variety of precast components, including walls, beams, slabs, columns, staircases, landings, and certain bespoke parts. These components are standardized and created to ensure the building's structural integrity, stability, and durability. Precast concrete is growing rapidly in the construction sector, which will support the growth of the Superplasticizer market over the forecast period. This growth is being driven by the expansion of the construction industry in some emerging nations, the growth of commercial and residential construction projects, as well as the hotel industry, and the demand for quick installations and results.
Additionally, cement, water, sand, and aggregates are components of ready-mix concrete (RMC). When laying concrete in tiny batches or on an irregular schedule, ready-mix concrete is especially useful. Additionally, ready-mixed concrete is perfect for big projects where there isn't much place for a mixing facility or material stockpiles. It is tailored to fit the needs of the industrial, commercial, residential, and infrastructure sectors. In general, ready-mixed concrete is used for roads, manufacturing plants, and residential and commercial buildings. Ready-mix concrete is extensively utilized in the construction industry. Ready-mix concrete that offers greater quality is expanding due to the expanding construction industry and rising demand for new homes and businesses. Due to its higher convenience, simplicity of use, and superior quality, ready-mix concrete is frequently employed in place of conventional concrete. The simplicity of installation and labor shortage at construction sites are the two main factors influencing demand for RMC. RMC are also much easier to transport than traditional concrete, which increases demand for RMC and superplasticizer because to their increased durability and other desirable qualities. Consequently, the revenue growth of the Concrete Admixtures market is projected to be driven by the rising use of precast concrete and ready-mix concrete.
Report Coverage
Global Concrete Admixtures research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Concrete Admixtures report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Concrete Admixtures competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Concrete Admixtures market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Concrete Admixtures market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Concrete Admixtures market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BASF SE (Germany), SIKA AG (Switzerland), GCP Applied Technologies (US), RPM International Inc. (US), Fosroc International Inc. (UK), Mapei S.P.A (Italy), CICO Technologies Ltd. (India), CHRYSO S.A.S (France), Concrete Additives and Chemicals Pvt. Ltd. (India), Rhein-Chemotechnik GmbH (Germany), Weber Saint-Gobain (France), Polisan Kamya San. A.S. (Turkey), Shangdong Wanshan Chemical Co. Ltd. (China), Sakshi Chem Sciences Pvt. Ltd. (India), Fritz-Pak Corporation (US), Fuclear Technologies Inc. (Canada), Ha-Be Betonchemie (Germany), Lanya Concrete Admixtures (China), MUHU (China) Construction Materials Co. Ltd. (China), and Cormix International Ltd. (Thailand), Dow Chemical Company, Ashland Inc, W.R. Grace & Co, Pidilite Industries.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Concrete Admixtures market based on the below-mentioned segments:
Global Concrete Admixtures Market, By Function
Plasticizers
Super Plasticizers
Air Entrainers
Accelerators
Retarders
Waterproofing Admixtures
others
Global Concrete Admixtures market, By Application
Residential
Non-Residential
Infrastructure
Global Concrete Admixtures market, Regional Analysis
Concrete admixtures are artificial or natural additives that are included in the concrete mixture or added beforehand. The major goal of adding these admixtures is to give the buildings features like corrosion resistance, workability, durability, compressive strength, and finish ability. The use of concrete will be accelerated by the quickly expanding building sector, which raises the need for admixtures. Additionally, the product's capacity to reduce the amount of time that hardened concrete has to cure combined with quick infrastructure development will further fuel market expansion during the anticipated time range.
The government limitations imposed during the COVID-19 epidemic caused substantial disruption in the building industry, which had a major impact on the use of concrete admixtures. Due to the epidemic, construction projects experienced extraordinary delays and uncertainty. Furthermore, the building construction processing remained shut down as a result of equipment closures, a severe labor shortage, a lack of raw materials, and a lack of trained and skilled workforce. The COVID-19 effect on the worldwide construction sector has been significant, and construction activity have reduced by 10 to 25% in 2020 compared to the year before, according to the United Nations Environment Program (UNEP) organization. Additionally, the pandemic significantly damaged the economy and simultaneously had an impact on people, businesses, industrial facilities, and financial institutions. Nevertheless, numerous governments are developing encouraging policies and working to put their economies back on track. As a result, over the following several years, the construction industry is probably going to stabilize.
As the middle class expands and as a result of government initiatives like higher contractor quality standards, it is anticipated that residential requirements will increase over the next years. A number of infrastructure development plans are anticipated to be implemented in India, including the establishment of new megacities in both China and India as well as the development of a home for every person (India Vision 2020, Planning Commission of India). Future growth in the market for concrete admixtures is probably going to result from this. The market for concrete admixtures hasn't expanded as a result of rising prices for the chemicals used in admixtures, as well as a lack of knowledge about the benefits of admixtures among the unorganized construction industry in Asia Pacific and other developing regions.
Precast concrete's excellent strength, adaptability, and durability make it ideal for use in pre-fabricating buildings and modern construction units. Precast concrete demand is rising as a result of the increased demand for green buildings. Precast construction entails the use of a variety of precast components, including walls, beams, slabs, columns, staircases, landings, and certain bespoke parts. These components are standardized and created to ensure the building's structural integrity, stability, and durability. Precast concrete is growing rapidly in the construction sector, which will support the growth of the Superplasticizer market over the forecast period. This growth is being driven by the expansion of the construction industry in some emerging nations, the growth of commercial and residential construction projects, as well as the hotel industry, and the demand for quick installations and results.
Additionally, cement, water, sand, and aggregates are components of ready-mix concrete (RMC). When laying concrete in tiny batches or on an irregular schedule, ready-mix concrete is especially useful. Additionally, ready-mixed concrete is perfect for big projects where there isn't much place for a mixing facility or material stockpiles. It is tailored to fit the needs of the industrial, commercial, residential, and infrastructure sectors. In general, ready-mixed concrete is used for roads, manufacturing plants, and residential and commercial buildings. Ready-mix concrete is extensively utilized in the construction industry. Ready-mix concrete that offers greater quality is expanding due to the expanding construction industry and rising demand for new homes and businesses. Due to its higher convenience, simplicity of use, and superior quality, ready-mix concrete is frequently employed in place of conventional concrete. The simplicity of installation and labor shortage at construction sites are the two main factors influencing demand for RMC. RMC are also much easier to transport than traditional concrete, which increases demand for RMC and superplasticizer because to their increased durability and other desirable qualities. Consequently, the revenue growth of the Concrete Admixtures market is projected to be driven by the rising use of precast concrete and ready-mix concrete.
Report Coverage
Global Concrete Admixtures research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Concrete Admixtures report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Concrete Admixtures competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Concrete Admixtures market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | BASF SE (Germany), SIKA AG (Switzerland), GCP Applied Technologies (US), RPM International Inc. (US), Fosroc International Inc. (UK), Mapei S.P.A (Italy), CICO Technologies Ltd. (India), CHRYSO S.A.S (France), Concrete Additives and Chemicals Pvt. Ltd. (India), Rhein-Chemotechnik GmbH (Germany), Weber Saint-Gobain (France), Polisan Kamya San. A.S. (Turkey), Shangdong Wanshan Chemical Co. Ltd. (China), Sakshi Chem Sciences Pvt. Ltd. (India), Fritz-Pak Corporation (US), Fuclear Technologies Inc. (Canada), Ha-Be Betonchemie (Germany), Lanya Concrete Admixtures (China), MUHU (China) Construction Materials Co. Ltd. (China), and Cormix International Ltd. (Thailand), Dow Chemical Company, Ashland Inc, W.R. Grace & Co, Pidilite Industries. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Concrete Admixtures Market from 2021 to 2030.
- Market Forecast for Concrete Admixtures Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Concrete Admixtures competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Concrete Admixtures
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Concrete Admixtures market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Concrete Admixtures market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BASF SE (Germany), SIKA AG (Switzerland), GCP Applied Technologies (US), RPM International Inc. (US), Fosroc International Inc. (UK), Mapei S.P.A (Italy), CICO Technologies Ltd. (India), CHRYSO S.A.S (France), Concrete Additives and Chemicals Pvt. Ltd. (India), Rhein-Chemotechnik GmbH (Germany), Weber Saint-Gobain (France), Polisan Kamya San. A.S. (Turkey), Shangdong Wanshan Chemical Co. Ltd. (China), Sakshi Chem Sciences Pvt. Ltd. (India), Fritz-Pak Corporation (US), Fuclear Technologies Inc. (Canada), Ha-Be Betonchemie (Germany), Lanya Concrete Admixtures (China), MUHU (China) Construction Materials Co. Ltd. (China), and Cormix International Ltd. (Thailand), Dow Chemical Company, Ashland Inc, W.R. Grace & Co, Pidilite Industries.
Primary Target Market
- Market Players of Concrete Admixtures
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Concrete Admixtures market based on the below-mentioned segments:
Global Concrete Admixtures Market, By Function
Plasticizers
Super Plasticizers
Air Entrainers
Accelerators
Retarders
Waterproofing Admixtures
others
Global Concrete Admixtures market, By Application
Residential
Non-Residential
Infrastructure
Global Concrete Admixtures market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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