Redding, California - July 24, 2024
Concrete Admixtures Market to be Worth $29.7 Billion by 2031
Concrete Admixtures Market Size, Share, Forecast, & Trends by Type (Water Reducing, Water Proofing, Air Entraining, Accelerating, Retarding), Application (Residential, Commercial, Industrial, and Public Infrastructure), Geography - Forecast to 2031
Meticulous Research®—a leading global market research company, published a research report titled, ‘Concrete Admixtures Market by Type (Water Reducing, Water Proofing, Air Entraining, Accelerating, Retarding), Application (Residential, Commercial, Industrial, and Public Infrastructure), Geography - Global Forecast to 2031’.
According to this latest publication from Meticulous Research®, the concrete admixtures market is projected to reach $29.7 billion by 2031, at a CAGR of 6.4% from 2024–2031. This market’s growth is driven by factors such as superior functionality offered by admixtures to the concrete mix, rising construction and infrastructure development activities, and increasing demand for high-performance concrete. However, rigid government policies on construction materials can hinder the market’s growth. In addition, rapid urbanization and the increasing emphasis on ecologically supportive construction are expected to provide opportunities for market growth. Furthermore, oscillating raw material prices present challenges for the growth of this market.
The concrete admixtures market is segmented by type and application. This study also evaluates industry competitors and analyzes the regional and country-level markets.
Based on type, the concrete admixtures market is segmented into water-reducing admixtures, waterproofing admixtures, air-entraining admixtures, accelerating admixtures, retarding admixtures, viscosity-modifying admixtures, and other admixtures. In 2024, the water-reducing admixtures segment is expected to account for the largest share of 21% of the global concrete admixtures market. This segment’s large market share is attributed to the rising adoption of water-reducing admixtures to improve concrete durability by lowering the water/cementitious ratio, increasing the strength and workability of concrete, and lowering the cost.
On the other hand, the waterproofing admixtures segment is expected to register the highest CAGR during the forecast period.
Based on application, the concrete admixtures market is segmented into residential, commercial, industrial, and public infrastructure. In 2024, the residential segment is expected to account for the largest share of 32% of the global concrete admixtures market. This segment’s large market share is attributed to the rising demand for residential properties due to increasing population and urbanization, rising government policies that enable and incentivize affordable housing, and government efforts to encourage the adoption of eco-friendly technologies in the real estate sector to reduce greenhouse gas emissions. However, the public infrastructure segment is expected to register the highest CAGR during the forecast period.
Based on geography, the concrete admixtures market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of 34% of the concrete admixtures market. This region’s large market share is attributed to the increasing government investments in infrastructure development projects, the rapid pace of urbanization in the region, and the rising demand for housing, commercial buildings, and related infrastructure. According to UNICEF (U.S.), cities in Asia are expanding such rapidly that about 55% of the region's population is predicted to live in cities by 2030.
Moreover, Asia-Pacific is expected to register the highest CAGR of 7.5% during the forecast period.
Key Players:
The key players operating in the concrete admixtures market are Sika AG (Switzerland), RAZON ENGINEERING COMPANY PRIVATE LIMITED (India), CEMEX S.A.B. de C.V. (Mexico), BASF SE (Germany), Saint-Gobain (France), RPM International Inc. (U.S.), Fosroc Group (U.K.), Mapei S.P.A (Italy), CICO Technologies Ltd. (India), Kao Corporation (Japan), MC-Bauchemie (Germany), and Sobute New Materials Co., Ltd. (China).
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Key questions answered in the report-
- Which are the high-growth market segments based on type, and application?
- What was the historical market for concrete admixtures?
- What are the market forecasts and estimates for the period 2024–2031?
- What are the major drivers, restraints, and opportunities in the concrete admixtures market?
- Who are the major players, and what shares do they hold in the concrete admixtures market?
- How is the competitive landscape in the concrete admixtures market?
- What are the recent developments in the concrete admixtures market?
- What are the different strategies adopted by the major players in the concrete admixtures market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the global concrete admixtures market, and how do they compete with the other players?
