Concrete Admixtures Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET ANALYSIS

Concrete admixtures are natural or chemical additives that enhance durability, workability, and strength of the fresh as well as hardened concrete. They are added in the concrete during mixing to achieve a high performance and long-lasting concrete. There are various types of concrete admixtures such as accelerating admixtures, retarding admixtures, water-proofing admixtures, air-entraining admixtures, gas forming admixtures, bonding admixtures, corrosion inhibiting admixtures, among others. Each admixture plays a specific role in the concrete. For instance, accelerating admixtures are used to reduce the setting time of the concrete whereas retarding admixtures decrease the rate of cement hydration at an initial phase and increase the initial setting time of concrete. Concrete admixtures are critical ingredients in the concrete, thus, witnessing high demand in the global construction sector.

GROWTH DRIVERS AND CHALLENGES

The growth of the global construction industry is one of the significant drivers for concrete admixtures market. Population growth, urbanization, and migration of rural population to urban areas and megacities, are some of the key factors driving the growth of the construction industry. Moreover, development of commercial buildings, industrial areas, special economic zone (SEZ), railway and road infrastructure are also boosting the global construction industry. Thus, the rise of construction sector is boosting the demand for concrete admixtures as they are the important components of concrete and cement.

Increasing sustainability concerns in the construction sector are driving the innovation for green concrete and concrete additives. The rising carbon emissions resulting in climate change and global warming are the key factors driving the demand for eco-friendly concrete admixtures. Therefore, manufacturers of concrete admixtures are launching bio-sourced products to reduce their carbon footprints. For instance, in January 2023, CEMEX, S.A.B. de C.V. launched a range of bio-source admixtures that use natural, locally sourced, and renewable raw materials which help to achieve carbon emission 70% less than traditional oil-based admixtures. Such developments are expected to provide lucrative opportunities in the concrete admixtures market over the forecast period.

REPORT SEGMENTATION AND SCOPE

The "Global Concrete Admixtures Market Analysis to 2031" is a specialized and in-depth study with a major focus on the global concrete admixtures market trends and growth opportunities. The report aims to provide an overview of the global concrete admixtures market with detailed market segmentation by type, end use, and geography. The global concrete admixtures market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of concrete admixtures worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the concrete admixtures market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the concrete admixtures market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative concrete admixtures market opportunities that would, in turn, aid in identifying the major revenue pockets.

Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global concrete admixtures market, which helps understand the entire supply chain and various factors affecting the market growth.

SEGMENTAL ANALYSIS

The global concrete admixtures market is segmented on the basis of type and end use. Based on type, the concrete admixtures market is segmented as accelerating admixtures, retarding admixtures, air-entraining admixtures, water-proofing admixtures, and others. The concrete admixtures market is categorized on the basis of end use into residential and non-residential.

Based on type, the air-entraining admixtures segment is expected to account for a significant market share in 2022. Air-entraining admixtures stabilize the microscopic bubbles created in the concrete during mixing. These admixtures increase the scaling resistance of the concrete caused by deicing chemicals, improve the workability, and increase its freeze-thaw durability. Moreover, air-entraining admixtures reduce the segregation and bleeding of the concrete. All these factors are significantly driving the demand for air-entraining admixtures in the cement and concrete industry.

REGIONAL ANALYSIS

The report provides a detailed overview of the global concrete admixtures market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Asia Pacific is estimated to account for a significant share in the concrete admixtures market globally. The rapidly booming construction industry with increasing population, development of urban areas, and increasing government and private sector investments to develop modern infrastructure are the key factors driving the growth of the concrete admixtures market across Asia Pacific. Also, presence of major manufacturers of concrete admixtures such as BASF SE and Thermax Limited among others operating actively in the region is also expected to drive the concrete admixtures market growth over the forecast period.

INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES

Partnership, acquisitions and new product launches were found to be the major strategies adopted by the players operating in the global concrete admixtures market.

In February, 2022, The Euclid Chemical Company, one of the prominent manufacturers of construction chemicals and materials, launched three new concrete admixtures EUCOSHIELD, EUCON Eco-Strength, and Eucon AM-10L. EUCOSHIELD prevents excessive moisture loss from the surface of the concrete as it binds well with the internal water in the pore structure. EUCON Eco-Strength facilitates early as well as late-age strength development in concrete. Eucon AM-10L is a liquid water-proofing admixture which helps to reduce the permeability of the concrete.

In January 2023, INEOS Enterprises, one of the major specialty and intermediate chemicals manufacturer, announced the acquisition of MBCC Group’s admixture business from Sika AG.

IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION

The COVID-19 pandemic adversely impacted the global economy and slowed the growth of various industries. The shutdown of multiple manufacturing plants and factories in North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Further, various companies announced possible delays in product deliveries and a slump in sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia Pacific, and North America affected business collaborations and partnership opportunities. All these factors negatively affected the growth of the chemicals & materials industry and various markets related to this industry. The construction industry was also hampered as some infrastructure projects as well as residential constructions were cancelled or postponed. This factor resulted in decline in demand for construction materials and chemcals including concrete admixtures, hampering the market growth. However, with the introduction of vaccine and relaxation of restrictions by the governments, the marketplace witnessed recovery. Manufacturers started working with full capacity which helped them to overcome the demand and supply gap. Also, as the sustainability concerns increased post the COVID-19 outbreak, manufacturers of concrete admixtures started launching bio-based and green products. All these factors are expected to open new opportunities in the global concrete admixtures market over the forecast period.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Some of the key players operating in the concrete admixtures market include Sika AG; CEMEX S.A.B. de C.V.; BASF SE; GCP Applied Technologies Inc.; Fosroc, Inc.; MAPEI S.p.A.; Thermax Limited; Rhein-Chemotechnik GmbH; The Euclid Chemical Company; INEOS Enterprises; HA-BE BETONCHEMIE; Ashland Inc; CHRYSO; CICO Group; and PCC Group among others.

Concrete Admixtures Report Scope