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 - Global Forecast to 2031

Concrete Admixtures Market Size & Forecast

The Concrete Admixtures Market is expected to reach $29.7 billion by 2031, at a CAGR of 6.4% from 2024 to 2031. The growth of this market 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, stringent government regulations on construction materials can restrain the growth of this market. Additionally, rapid urbanization and a rising emphasis on sustainable construction are expected to provide opportunities for market growth. Furthermore, fluctuating raw material prices pose challenges for market growth.

Concrete Admixtures Market Growth Drivers

Rising Construction and Infrastructure Development Activities

The global construction industry is on the cusp of revolutionary transformations as the world’s population continues to grow and societal demand shifts to smarter and sustainable infrastructure and buildings. Many developing economies are prioritizing infrastructure such as roads, bridges, dams, and power plants as part of their development plans.

Government bodies in developing economies are promoting sustainable infrastructure development. For instance, as part of its 14th Five-Year Plan (2021–2025), the Chinese government invested $4.2 trillion (¥27 trillion) in new infrastructure in April 2023. The new plan aims to build over 50 million square meters of net-zero energy consumption buildings, rehabilitate over 350 million square meters of structures, and accelerate the development of green buildings. It also intends to increase energy efficiency. Likewise, the German government invested $2.3 billion (€2.1 billion) in April 2023 for upgrades and new office space for government workers.

Similar to this, the Indian Minister of Road Transport and Highways declared in June 2022 that 15 new national highway projects in Patna and Hajipur, Bihar, valued at USD 1.7 billion, will be inaugurated. As a result, the market is expanding due to the surge in building projects in developing economies and the resulting rise in demand for construction materials.

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Superior Functionality Offered by Admixtures to Concrete Mix

Admixtures are an essential part of modern concrete construction, as they modify the properties of concrete to meet the specific needs of different construction projects. Admixtures are components added to concrete (other than water, aggregates, or cement) to alter and enhance the properties of the concrete. From acceleration or retardation of setting time to increased workability, resistance (from weather and chemical attacks), and strength, admixtures, when added to the concrete, are proven to be highly advantageous.

Admixtures are being added to concrete mixes to enhance attributes such as strength, workability, and water demand while reducing related carbon emissions and promoting more sustainable practices in construction. Therefore, all such benefits offered by admixtures to the concrete are expected to drive market growth.

Concrete Admixtures Market Growth Opportunity

Rising Focus on Sustainable Construction

The construction industry is accelerating its transformation to manage and reduce the environmental impact of its carbon footprint. The CO₂ footprint is a major challenge in the development of concrete formulations. Due to carbon emission laws & environmental concerns, sustainable construction approaches are receiving more attention.

Admixtures for concrete are essential for improving the sustainability of concrete because they make it possible to employ additional cementitious materials, like fly ash and slag, and they lower the carbon footprint of building projects. With the growing demand for sustainable and eco-friendly construction, admixtures are becoming an increasingly important component in reducing the carbon footprint of buildings. By reducing the amount of cement required and increasing the lifespan of the building, admixtures offer a cost-effective and sustainable solution for construction projects.

Rising Urbanization in Emerging Economies

The world is growing more urbanized, with approximately 4.4 billion people, or 56% of the world's population, residing in cities. By 2050, over seven out of ten people will live in cities as a result of this trend, with the urban population estimated to have more than doubled from its current level. Cities are becoming increasingly urbanized in developing nations. The World Bank (U.S.) anticipates that during the next 20 years, there will be a 590 million growth in the population of Indian towns and cities, from 282 million.

The rise in urban landscapes translates into a proliferation of residential, commercial, and industrial buildings. Thus, the mounting urbanization is expected to drive the concrete admixtures market as it leads to increased demand for infrastructure development, including roads, bridges, tunnels, and buildings.

Concrete Admixtures Market Analysis: Key Findings

By Type: In 2024, the Water Reducing Admixtures Segment to Dominate the Concrete Admixtures Market

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. The large market share of this segment is attributed to the rising adoption of water-reducing admixtures to improve concrete durability by lowering the water/cementitious ratio, reducing permeability, increasing air content, and creating a concrete mix with improved workability.

On the other hand, the waterproofing admixtures segment is expected to register the highest CAGR during the forecast period. The increasing need for waterproofing solutions for the production of both semi-dry and wet-cast concrete goods and protection against moisture drives this segment’s growth.

By Application: In 2024, the Residential Segment to Dominate the Concrete Admixtures Market

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. The large market share of this segment is attributed to the rising global population, the increasing demand for high-rise apartments & condominiums, and government initiatives to assist in developing affordable housing. In October 2023, Tata Housing Development Company (India) announced plans to launch 10 million sq. feet of residential projects over the next two to three years to meet the growing consumer demand.

However, the public infrastructure segment is expected to register the highest CAGR during the forecast period. This segment’s large market share is attributed to the increasing government investment in infrastructure development projects for economic growth and quality of life, advancements in construction technologies, increasing use of concrete admixtures in public infrastructure projects, and the rising utilization of sustainable building practices in the construction of public infrastructure development.

Geographical Analysis

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 rapid pace of urbanization in the region and, the rising demand for housing and commercial buildings.

Moreover, Asia-Pacific is expected to register the highest CAGR of 7.5% during the forecast period. The increasing focus on sustainable building practices and economic growth in Asian countries drives this region's rapid growth. For instance, in February 2024, the China Cement Association (CCA) signed an agreement with GCCA Inc. (U.K.) to work together on sustainability and low-carbon development of the cement & concrete industry.

Concrete Admixtures Market: Key Companies

The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last three to four years. Some of 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), Sobute New Materials Co., Ltd. (China), among others.

Concrete Admixtures Industry Overview: Latest Developments from Key Industry Players

• In January 2023, CEMEX S.A.B. de C.V. (Mexico) launched a new range of bio-sourced admixtures designed for lower carbon footprint. These admixtures use natural, renewable, and locally sourced raw materials and may achieve a carbon footprint up to 70% lower than traditional oil-based admixtures.
• In May 2021, CHRYSO (France), a leading player in the development of sustainable solutions in the construction industry, launched EnviroMix®, a global range of innovative products and services aimed at controlling and lowering the carbon footprint of concrete dedicated to the ready-mix and precast concrete industries.

Concrete Admixtures Market Research Summary

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